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Chinese subsea cable maker to establish manufacturing facility in Saudi Arabia

To accelerate growth in the Middle East and enhance local industrial capabilities as part of its global strategy, China’s ZTT Submarine Cable & System is planning to set up a manufacturing facility in Saudi Arabia. By establishing manufacturing operations in Saudi Arabia, ZTT said it aims to directl

about 1 year ago

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Fugro’s largest-ever Asia Pacific award is for Eni’s deepwater gas fields

The Netherlands-headquartered Fugro is set to perform site investigations for Italy’s energy giant Eni in Indonesia under its largest-ever award in the Asia Pacific (APAC) region. In its latest financial results report, Fugro revealed it had been tasked with a site characterisation program for the d

about 1 year ago

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SUMMER SALE: Up to 50% off on advertising on offshore-energy.biz

Offshore Energy has launched a summer sale with up to 50% off on advertising packages, ending on July 31. Use this opportunity to book your advertising campaign and multiply ways to increase exposure to the industry! Get 15% off for one, 25% off for two, and 50% off for three products or more. Conta

about 1 year ago

NextGeo finalizes acquisition of share in 61-year-old Italian subsea services firm

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NextGeo expands into new regions via acquisition of share in 61-year-old Italian firm

Italy-headquartered Next Geosolutions (NextGeo) has signed a sale and purchase agreement for the acquisition of 75.4% of the share capital of a compatriot subsea services company established in 1964, thereby expanding its operations into the Mediterranean and West African countries and broadening it

about 1 year ago

Illustration; Source: The International Renewable Energy Agency (IRENA)

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IRENA: Growth in renewables highlights regional imbalance

Despite renewable energy capacity growing by over 15% in 2024, the gap in deployment between regions continues to widen, according to the International Renewable Energy Agency (IRENA).

about 1 year ago

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Saudi 2030 Vision in the making: SGP wins 20-year concession for four multipurpose terminals

Saudi Global Ports Group (SGP) has been awarded four 20-year concession agreements by the Saudi Ports Authority (Mawani) to operate multipurpose terminals along the Eastern Coast of Saudi Arabia.

about 1 year ago

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Vallourec lands ‘large’ Qatar deal weeks after acquiring Brazillian pipe coating firm

French provider of tubular solutions Vallourec has secured a contract defined as large for the supply of oil country tubular goods (OCTG) for drilling operations in Qatar, representing over $50 million in potential revenue. According to the company, the agreement includes the supply of carbon steel

about 1 year ago

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Industry giants eye e-methanol bunkering and export facility in UAE

AD Ports Group, Masdar, Advario, and CMA CGM Group have signed a collaboration agreement to explore the feasibility of developing an e-methanol bunkering and export facility at Khalifa Port and KEZAD, UAE.

about 1 year ago

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Jan De Nul making headway on landmark $3.8B Middle Eastern interconnection project

Jan De Nul has completed the installation of a portion of cables for what is described as the first-of-its-kind HVDC submarine cable project in the Middle East and North Africa (MENA) region, set to connect ADNOC’s offshore operations to TAQA’s clean onshore power network. Abu Dhabi National Oil Com

about 1 year ago

'Global subsea player' in the makig as DeepOcean acquires Shelf Subsea

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‘Global subsea player’ arising as DeepOcean acquires Shelf Subsea

Ocean services provider DeepOcean has acquired 100% of the shares in Australia-based subsea services provider Shelf Subsea, creating what it says is a global subsea player and expanding its footprint into Southeast Asia, Australia, and the Middle East. Headquartered in Australia, Shelf Subsea has of

about 1 year ago

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Global Green Shipyard Alliance formed to accelerate maritime sustainability

Drydocks World, part of the UAE-based logistics giant DP World, has co-founded the Global Green Shipyard Alliance (GGSA), an international coalition of shipyards committed to accelerating the maritime industry’s sustainability transition.

about 1 year ago

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ACWA Power strengthens US clean energy ties with $500 million in new deals

ACWA Power has signed several clean energy memoranda of understanding (MoUs) with U.S. companies, totalling $500 million.

about 1 year ago

PETRODIVE has relaunched its saturation diving operations in Central Africa following a period of technical upgrades and investment.

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PETRODIVE to resume saturation diving ops in Central Africa

UAE-headquartered diving company PETRODIVE has relaunched its saturation diving operations in Central Africa following a period of technical upgrades and investment. According to PETRODIVE, the move is part of the company’s broader expansion efforts and includes the deployment of a certified saturat

about 1 year ago

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Fugro to conduct surveys for Equinor’s stalled $12B oil project off Canada

Dutch geo-data specialist Fugro has won a contract to perform surveys for an oil project located off the coast of Newfoundland and Labrador being developed by Norwegian state-owned energy firm Equinor. In its financial results for the first quarter of 2025, issued today, April 24, Fugro reported tha

about 1 year ago