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Fossil Energy

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Oil & GasBusiness Developments & ProjectsExploration & ProductionInfrastructureBusiness & FinanceLow-Carbon TransitionMarket OutlooksOutlook & StrategyTransitionLiquefied Natural GasOperations & MaintenanceAuthorities & GovernmentRegulation & PolicyFPSO & VesselsVesselsProject & Tenders
Transocean Encourage rig; Source: Transocean
Fossil Energy

Equinor finds hydrocarbons at Norwegian Sea wildcat with Transocean rig

Norwegian state-owned energy giant Equinor has proven petroleum in a wildcat well offshore Norway using a rig from the fleet of Switzerland-based offshore drilling contractor Transocean.

about 1 year ago
West Vela drillship; Source: Seadrill
Fossil Energy

WoodMac deems recent US oil find as Gulf of America’s biggest discovery in eight years

In the aftermath of a recent black gold discovery in the Gulf of America, formerly the U.S. Gulf of Mexico, Wood Mackenzie, an energy intelligence group, has provided its take on the significance of the new oil find, describing it as the region’s biggest discovery since 2017.

about 1 year ago
Illustration; Credit: Morten Berentsen/NOD
Fossil Energy

Stepping up oil & gas game key for Norway to stave off ‘steep’ drop in production

As the global energy security mission continues to keep oil and gas in high demand, the Norwegian Offshore Directorate (NOD), reporting to Norway’s Ministry of Energy, has emphasized that the Norwegian Continental Shelf (NCS) will yield more hydrocarbons in the upcoming years.

about 1 year ago
FSRU LNG Croatia
Fossil Energy

Croatia’s FSRU heads to Türkiye for regasification capacity upgrade

The floating storage regasification unit (FSRU) serving Croatia’s liquefied natural gas (LNG) terminal at the island of Krk has left for Türkiye, where its capacity is set to get a boost thanks to the installation of an additional component.

about 1 year ago
An illustration of two plants on the coast
Fossil Energy

South Texas LNG project cleared for completion in late 2029

The U.S. Federal Energy Regulatory Commission has reissued the final order authorizing the construction and operation of the liquefied natural gas (LNG) project Texas LNG, a subsidiary of Glenfarne Energy Transition, proposes to build in the Port of Brownsville, Texas.

about 1 year ago
Illustration; Source: Rystad Energy
Fossil Energy

Potential imbalance in oil demand and supply on the cards

With data showing the availability of proven reserves for only 14 years of current production, Rystad Energy, an energy market intelligence group, has pointed out that in a scenario where oil demand is on the rise, supply may struggle even with high prices, but if the energy transition gets a boost,

about 1 year ago
The Switch
Fossil Energy

Four EU countries and Egypt make up top five US LNG importers

Within the global gas story, many chapters are being written, including a U.S. wave of upcoming liquefied natural gas (LNG) developments, where the export boom continues to fuel new projects, as the European regasification build-out continues.

about 1 year ago
Illustration; Source: Australian Energy Producers
Fossil Energy

Australian state’s decade of LNG exports pours $127 billion into economy

Australian Energy Producers (AEP), representing the country’s upstream oil and gas exploration and production industry, has revealed a $127 billion boost to Queensland’s economy, thanks to the Australian state’s decade of liquefied natural gas (LNG) deliveries.

about 1 year ago
FPSO Cidade de Itajai is operating on the Baúna field - Karoon
Fossil Energy

Karoon unveils multimillion-dollar investment into FPSO revitalization campaign

Karoon Energy, Australia’s oil and gas company, has revealed its investment plans for a floating production, storage, and offloading (FPSO) revitalization campaign and a life extension project at a field off the coast of Brazil.

about 1 year ago
Van Oord has completed high-precision ballasting operations and the installation of scour protection for the West White Rose project in Canada; Source: Van Oord
Fossil Energy

Van Oord’s final part of work at Canada’s oil project on the agenda for next quarter

With three out of four phases already done, Van Oord, a Dutch marine contractor, is planning to embark on the last segment of its assignment in the fourth quarter of 2025 at a field off the coast of Newfoundland, Canada.

about 1 year ago
Courtesy of EnerMech
Fossil Energy

Middle East operator keeping EnerMech busy for two more years

EnerMech, an Aberdeen-headquartered integrated solutions specialist, has landed a multi-year contract extension in the Middle East with Dubai Petroleum, a UAE-based oil and gas operator.

about 1 year ago
Wadi Al Sail LNG carrier
Fossil Energy

Two more LNG newbuilds making their way to QatarEnergy’s fleet

Two new liquefied natural gas (LNG) carriers are joining the fleet of QatarEnergy, as part of its massive LNG shipbuilding expansion quest.

about 1 year ago
Temis MSU DP3 flotel; Source: Nortrans Offshore
Fossil Energy

2015-built flotel going to work at Shell’s deepwater asset in Nigeria

Nortrans, a Singapore-based offshore and shipping player, in partnership with Temile Development Company, has secured a new assignment for a 2015-built maintenance and support unit, part of its managed fleet, which will head to Africa for its new job at a deepwater field off the coast of Nigeria.

about 1 year ago
Digital rendering of Port Arthur LNG Project phase 1 and 2; Credit: Sempra
Fossil Energy

Sempra inks another multi-decade LNG deal for Texas project

Sempra Infrastructure, a subsidiary of North America’s energy infrastructure company Sempra, has signed a definitive sales and purchase agreement (SPA) with Pittsburgh-based EQT Corporation for liquefied natural gas (LNG) offtake from a project under development in Jefferson County, Texas.

about 1 year ago
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