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Outlook & Strategy

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A photo of the G7 ministers at the meeting in Berlin in May 2022
Outlook & Strategy

In focus: G7 puts fossil fuel financing in crosshairs, commits to electricity sector decarbonization

The latest meeting of the G7 ministers for climate, energy, and environment has resulted in further commitments from the world’s most developed countries to curb the rise in global temperatures to 1.5°C and assist the countries affected the most by climate change. One of the commitments that stands

about 4 years ago
Offshore Energy Exhibition & Conference 2022: Registration is now live!
Outlook & Strategy
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Offshore Energy Exhibition & Conference 2022: Registration is now live!

Register before the 24th of June and receive a 25% discount on your event ticket. From today, it is possible to register for the Offshore Energy Exhibition & Conference (OEEC) 2022. Europe’s leading exhibition and conference connects the entire offshore energy sector. The two-day event taking place

about 4 years ago
Saipem
Outlook & Strategy

Aiming to focus on offshore, Saipem sells onshore drilling business for $550 mln cash and more

Saipem has decided to sell its onshore drilling business to KCA Deutag for $550 million in cash plus an equity stake in the combined entity.

about 4 years ago
Saudi yard teams up with Keppel LeTourneau to strengthen its rig building skills and abilities
Outlook & Strategy

Saudi yard teams up with Keppel LeTourneau to design and build rigs

Keppel LeTourneau has joined forces with Saudi yard IMI to help it strengthen its rig building capabilities.

about 4 years ago
ADNOC Drilling
Outlook & Strategy

UAE’s drilling giant adds two more jack-up rigs to its fleet

UAE-based ADNOC Drilling has signed an agreement to acquire an additional two premium offshore jack-up drilling units.

about 4 years ago
In focus: Out with the oil, in with the new! Or is it?
Outlook & Strategy

In focus: Out with the oil, in with the new! Or is it?

The keyword in energy transition is transition, a process that often involves constant tweaking and going back and forth between the gains and benefits of the old, and the betterment that will come with the new. In the energy sector, this is reflected in the moves of governments, and developments an

about 4 years ago
Energy transition ramp-up did not derail oil & gas exploration in 2021, Westwood says
Outlook & Strategy

Energy transition acceleration did not derail oil & gas exploration in 2021, Westwood says

Westwood Global Energy reveals that oil & gas exploration remained resilient in 2021 undeterred by the accelerating energy transition.

about 4 years ago
IRENA assembly at 23rd council meeting (Courtesy of IRENA)
Outlook & Strategy

IRENA: Francesco La Camera up for re-election as call for inclusive energy transition reverberates

High-level delegates from 100 countries have discussed International Renewable Energy Agency’s (IRENA’s) medium-term strategy and director-general’s re-election at 23rd council meeting.

about 4 years ago
UAE player wins gig with Yinson to work on Brazil-bound FPSO
Outlook & Strategy

Yinson taps UAE player for FPSO upgrade work

Drydocks World Dubai has inked a deal with Yinson to upgrade an FPSO vessel, which will operate for Enauta offshore Brazil, upon completion.

about 4 years ago
Qatar and Germany sign deal on LNG and hydrogen
Outlook & Strategy

Qatar and Germany to strengthen LNG and hydrogen cooperation

Qatar and Germany have agreed to further cooperate in the field of energy, specifically relating to LNG trade and hydrogen development.

about 4 years ago
Aramco and PTT co collaborate on LNG, blue and green hydrogen
Outlook & Strategy

Aramco and PTT to collaborate on LNG, blue and green hydrogen

Saudi Aramco and Thailand’s PTT want to strengthen cooperation in areas like LNG, and blue and green hydrogen.

about 4 years ago
New gas discovery for Energean off Israel
Outlook & Strategy

New gas discovery for Energean off Israel

Energean has made a commercial gas discovery in Block 12 offshore Israel, bolstering its beliefs in the potential of the Olympus Area.

about 4 years ago
UN spearheads efforts to raise $80 million to prevent major oil spill off Yemen
Outlook & Strategy

UN spearheading efforts to raise $80 million to prevent major oil spill off Yemen

The UN is working on raising the funds for the implementation of its plan to address a threat posed by an FSO unit off the Yemen coast.

about 4 years ago
Oil & gas firms’ profits set to smash records reaching $834 billion in 2022, Rystad says
Outlook & Strategy

Oil & gas firms’ profits set to smash records reaching $834 billion in 2022, Rystad says

Rystad Energy expects public E&P companies to break prior records as profits are set to reach a 70 per cent increase in 2022.

about 4 years ago