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Outlook & Strategy

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Two new rigs to join ‘one of the largest operating jack-up fleets in the world’
Outlook & Strategy

Two new rigs to join ‘one of the largest operating jack-up fleets in the world’

ADNOC Drilling has inked a deal to purchase two additional premium jack-up rigs and hinted at further acquisitions in the pipeline.

about 4 years ago
TotalEnergies partners with QatarEnergy on North Field South LNG project
Outlook & Strategy

TotalEnergies partners with QatarEnergy on North Field South LNG project

Qatar’s state-owned oil and gas company QatarEnergy has selected French energy major TotalEnergies as the first international partner in the North Field South (NFS) liquefied natural gas (LNG) project. Pursuant to the agreement, TotalEnergies will obtain a 9.375% participating interest in the 16 mil

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about 4 years ago
Financial close in place for $3.8 billion decarbonization project in UAE
Outlook & Strategy

Financial close in place for $3.8 billion decarbonization project in UAE

Abu Dhabi National Oil Company (ADNOC) and Abu Dhabi National Energy Company PJSC (TAQA) have completed the financial closing of what is said to be the first-of-its-kind subsea transmission network in the MENA region. The $3.8 billion strategic project is set to power and significantly decarbonize A

about 4 years ago
Illustration (Courtesy of IRENA)
Outlook & Strategy

Renewable energy jobs remain resilient with 12.7 million employed globally

Worldwide renewable energy employment reached 12.7 million last year, a jump of 700,000 new jobs in one year, according to a new report by International Renewable Energy Agency (IRENA).

about 4 years ago
QatarEnergy and GE team up on carbon capture roadmap
Outlook & Strategy

QatarEnergy and GE team up on carbon capture roadmap

LNG major QatarEnergy signed a memorandum of understanding (MoU) with U.S. firm General Electric (GE) to collaborate on developing a carbon capture roadmap for the energy sector in Qatar.

about 4 years ago
Illustration (Courtesy of IRENA)
Outlook & Strategy

IRENA: Greater international collaboration needed to get the world on net-zero track

International Renewable Energy Agency (IRENA) has released a new report, setting out urgent priorities to rapidly make more clean technologies the most affordable options in key sectors.

about 4 years ago
New Dutch donation to bridge funding gap, allowing UN to embark on salvage ops for ‘ticking timebomb’ in Red Sea
Outlook & Strategy

New Dutch donation to bridge funding gap for UN’s salvage ops in Red Sea

With additional funds from the Netherlands, the UN may be able to start the salvage operation to prevent a major oil spill in the Red Sea.

about 4 years ago
Rotterdam Port view
Outlook & Strategy

Top 3 issues on maritime leaders’ agenda

Decarbonization of shipping and new environmental regulations in the next decade combined with geopolitical issues and workforce and skill shortages have emerged as the top three issues dominating maritime leaders’ agendas. These are the findings of the fifth annual Global Maritime Issues Monitor jo

about 4 years ago
Aramco CEO calls for ramp up of oil & gas investments and ‘more credible’ transition plan to tackle energy security challenges
Outlook & Strategy

Aramco CEO calls for investments in oil & gas and ‘more credible’ energy transition plan

Ramp-up of oil & gas investments and a new energy transition plan are required for a secure and sustainable energy future, says Aramco’s CEO.

about 4 years ago
Petrofac and Oman Hydrogen Centre join forces for green hydrogen projects
Outlook & Strategy

Petrofac and Oman Hydrogen Centre join forces for green hydrogen projects

Energy services provider Petrofac has signed a memorandum of understanding (MoU) with Oman Hydrogen Centre (OHC) to collaborate on Oman’s renewable energy sector, particularly in green hydrogen. Located at the German University of Technology (GUtech), OHC is the first research facility of its kind i

about 4 years ago
Two contrasting scenarios depict challenges on the road to decarbonisation amid energy crisis
Outlook & Strategy

Two contrasting scenarios depict challenges to net-zero by 2050 amid energy crisis

A new report outlines challenges for the long-term energy transition outlook as the global energy crisis unfolds.

about 4 years ago
With green hydrogen investments MENA region can lead global steel decarbonisation, report finds
Outlook & Strategy

With green hydrogen investments MENA region can lead global steel decarbonisation, report finds

The Middle East and North Africa (MENA) region could emerge as a leader in global steel decarbonisation with investment in green hydrogen and renewable energy, according to a new report from the Institute for Energy Economics and Financial Analysis (IEEFA). As the global steel industry moves to swit

about 4 years ago
Eni and ADNOC looking into ways to expand and strengthen gas supply
Outlook & Strategy

Eni and ADNOC looking into ways to strengthen energy security by expanding gas supply

UAE’s ADNOC and Italy’s Eni are contemplating options to explore opportunities to increase the security of gas supply.

about 4 years ago
In focus: Don’t let a good energy crisis go to waste
Outlook & Strategy

In focus: Don’t let a good energy crisis go to waste

The volatility within the energy market has forced nations to look inward for solutions to this global issue and cut their reliance on energy imports or diversify their sources of supply. Looking longer-term, if this approach becomes a policy and not a one-off solution to a one-off problem, this kin

about 4 years ago