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Outlook & Strategy

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French firm expands its work scope for one of the world’s largest deepwater fields
Outlook & Strategy

Vallourec and Aramco expand partnership dating back to 1962

French provider of tubular solutions Vallourec and Saudi Arabia’s energy company Aramco have expanded their partnership that was set up in 1962 with the signing of a new agreement for the supply of oil country tubular goods (OCTG). The companies entered into an agreement in 1962 for the supply of th

28 days ago
Eco Wave Power: Increased power output from Israeli pilot during stronger waves
Outlook & Strategy

Eco Wave Power: Increased power output from Israeli pilot during stronger waves

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Eco Wave Power has reported increased electricity generation and higher peak power output during stronger wave conditions in April and May from its grid-connected wave energy power station in Israel. The EWP-EDF One wave energy project is a pilot-scale demonstration array, consisting of a limited nu

about 1 month ago
Illustration; Source: Saipem
Outlook & Strategy

Saipem wins $1.8 billion contract in Middle East

Italy’s engineering, drilling, and construction services company Saipem has secured a $1.8 billion contract in the Middle East covering offshore and subsea facilities. Saipem’s scope includes the engineering, procurement, construction and installation (EPCI) of offshore and subsea facilities. The co

about 1 month ago
Illustration; Source: KOIL Energy
Outlook & Strategy

KOIL Energy Solutions sets up strategic alliance to fuel growth in Eastern Hemisphere

Houston-based subsea energy equipment and services specialist KOIL Energy Solutions has entered into a strategic alliance with Pipeline Network, a consultancy focused on the oil & gas pipeline services sector, with the aim of expanding its international presence, operational capabilities, and custom

about 2 months ago
Oceaneering strengthens 20-year presence in Qatar with new five-year contract
Outlook & Strategy

Oceaneering strengthens 20-year presence in Qatar with new five-year contract

Oceaneering International has won a five-year inspection and asset integrity services contract in Qatar, a country it has been operating in for more than 20 years. Awarded following a competitive tender process, the contract includes two optional one-year extensions and has been awarded to Oceaneeri

about 2 months ago
Aquaterra Energy and James Fisher team up to deliver simplified decommissioning
Outlook & Strategy

Aquaterra Energy and James Fisher team up to deliver simplified decommissioning

Aquaterra Energy and James Fisher and Sons have established a decommissioning partnership to offer operators a single, integrated route to plan and execute well abandonment and infrastructure removal programs more efficiently, with fewer interfaces and greater execution certainty. Aquaterra Energy i

about 2 months ago
Prelude FLNG; Source: Shell
Outlook & Strategy

Shell’s LNG forecast anticipates 65% surge in demand by 2050

UK-headquartered energy giant Shell is expecting an uptick in demand for liquefied natural gas (LNG) to nearly 700 million tonnes a year by 2050, following supply disruptions caused by the conflict in the Middle East, which was cushioned by North American supply growth.

about 3 months ago
Illustration: Source: Wood Mackenzie
Outlook & Strategy

Strait of Hormuz closure: Tight LNG markets, oil prices could soar to $200

With more than 80 million tonnes per annum (mtpa) of liquefied natural gas (LNG) supply, representing around 20% of global supply, being inaccessible to global markets, the Strait of Hormuz closure has the potential to spark the biggest energy supply shock in decades, according to Wood Mackenzie, an

about 4 months ago
Ran jack-up rig; Source: FOSS & ESG; Credit: Borr Drilling
Outlook & Strategy

Borr Drilling’s CEO: Middle East conflict brings uncertainty but empowers long-term rig outlook

Borr Drilling, an offshore drilling player with its corporate base in Bermuda, has secured 13 contracts year-to-date, enhancing its backlog by adding 2,250 days and $274 million in jack-up rig deals.

about 4 months ago
Survey campaign wraps up at Saudi subsea cable link
Outlook & Strategy

Survey campaign wraps up at Saudi subsea cable link

A UAE-headquartered offshore survey and positioning data provider has completed a survey campaign supporting the subsea cable installation work for a project that will link Saudi Arabia’s Farasan Island to the country’s main electrical grid. Sharjah-based Geosonic performed the offshore survey campa

about 4 months ago
Industry players unite to form UAE’s first shipbuilding consortium
Outlook & Strategy

Industry players unite to form UAE’s first shipbuilding consortium

A group of national industry players has come together to form the first shipbuilders consortium in the United Arab Emirates (UAE), which will work toward aligning national shipbuilding capabilities to drive maritime innovation and growth. According to AD Ports, the initiative is designed to strengt

about 4 months ago
Illustration: Source: Wood Mackenzie
Outlook & Strategy

Gulf LNG export woes push gas prices up but diversification becomes Europe’s energy lifeline

Given the supply shock that hit the global liquefied natural gas (LNG) markets as a result of the Middle East conflict, Wood Mackenzie, an energy intelligence group, has pointed out that this disruption, which led to a gas price surge, failed to rattle Europe thanks to its investment in diversified

about 5 months ago
Illustration; Source: Wood Mackenzie
Outlook & Strategy

Oil & gas firms step up exploration game to tackle supply shortfall by 2050

As global exploration and production (E&P) players are facing a 40% output drop, Wood Mackenzie, an energy intelligence group, has pointed out that oil and gas companies are increasing high-impact exploration investment to address the 300-billion-barrel supply gap and energy security priorities by 2

about 5 months ago
After LNG vessel deal, Dubai-based firm orders four new VLGCs to enrich LPG fleet
Outlook & Strategy

After LNG vessel deal, Dubai-based firm orders four new VLGCs to enrich LPG fleet

Dubai-based independent energy and commodities trading group BGN is expanding its liquefied petroleum gas (LPG) fleet capacity with the order for four new dual-fuel very large gas carriers (VLGCs) to be built in Korea. HD Hyundai Heavy Industries (HD HHI) will construct the four VLGCs at its shipyar

about 5 months ago