Search Site

TAQA Q1 net income $571m

Net income fell $2.58bn due to one-off items recognized in 2023.

QatarEnergy buys stake in Egypt blocks

It did not disclose the cost of the agreement.

TSMC’s April revenue up 60%

It capitalized on huge wave of demand for chips used in AI hardware.

Etihad reports record Q1 profit

Total revenue increased by $269 million in the same period.

Aramco Q1 profit down 14.5%

Despite lower profit, it will pay $31bn in dividends to Saudi government.

ADNOC inks pact with SeaOwl to design unmanned vessels

The vessels are expected to join ADNOC L&S' large and diverse fleet. (WAM)
  • The innovative design of the vessel is likely to reduce carbon emissions up to 30 percent as the vessel will be lighter and smaller.
  • The design for the 55 meters long vessel will allow the vessels to be operated from an onshore control room through a satellite link.

ABU DHABI, UAE – ADNOC Logistics & Services (ADNOC L&S) announced on Thursday it has signed an agreement with SeaOwl for the design of unmanned Remotely Operated Vessels (ROV).

The ROVs are capable of transporting vehicles, equipment and supplies to and from offshore sites, reports say.

The innovative design of the ROV is likely to reduce carbon emissions up to 30 percent as the vessel will be lighter and smaller, as facilities for a crew are not required.

Also, the smart automation systems will optimize routing and propulsion, further decarbonizing ADNOC L&S’ offshore operations in support of the UAE’s Net Zero by 2050 Strategic Initiative and ADNOC’s 2030 Sustainability Agenda.

The design for the 55 meters long ROV will allow the vessels to be operated from an onshore control room through a satellite link using the automation and self-navigation technology.

It will utilize state of the art artificial intelligence systems to control propulsion, dynamic positioning, remote communication and cyber security.

SeaOwl, a French company specializing in the automation and digitalization of maritime services, will design the vessel, oversee its construction, and facilitate navigation permits.

Seaowl will partner with Bureau Veritas (BV), a world leader in testing, inspection, and certification, to facilitate obtaining the necessary navigation permits from the UAE maritime transportation affairs.

This design will improve safety and reduce operational costs as the vessels will be able to operate in harsher conditions with no exposure to seafarers, reports said.

Upon construction, the ROVs will join ADNOC L&S’ large and diverse fleet of advanced vessels.

The deal between the two was signed by Captain Abdulkareem Al Masabi, CEO of ADNOC L&S and Xavier Génin, CEO of SeaOwl at the UAE Climate Tech Forum organized by the Ministry of Industry and Advanced Technology.