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Fossil Energy

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FPSO Goliat; Credit: Øyvind Gravås/Vår Energi
Fossil Energy

New oil discovery boosts Barents Sea potential with 20 more wells on the drilling horizon

Vår Energi has discovered oil resources in an appraisal well near the Goliat field in the Barents Sea off the coast of Norway. As the firm believes the new find has unlocked further potential in the area, it plans to drill 20 more wells in the Barents Sea over the next four years.

about 1 year ago
Norve jack-up rig; Source: Borr Drilling
Fossil Energy

US firm confirms booking of Borr Drilling rig for ops in Africa

Houston-based Vaalco Energy has disclosed a new contract with Borr Drilling for a jack-up rig that will carry out its 2025/2026 drilling program off the coast of Gabon, Africa.

about 1 year ago
Illustration; Source: ExxonMobil
Fossil Energy

ExxonMobil’s 2030 agenda: Fueling decarbonization with $30 billion while ramping up oil & gas and LNG output

ExxonMobil has unveiled its new corporate plan up to 2030, expecting to deliver a growth potential of $20 billion in earnings and $30 billion in cash flow.

about 1 year ago
A drone flying over a processing facility
Fossil Energy

Finnish firm wins ISO certification for drone-based GHG emissions monitoring solution

Finland-based provider of mobile emission monitoring services Aeromon has received international accreditation for its technology enabling the monitoring and analysis of airborne greenhouse gas (GHG) emissions.

about 1 year ago
Illustration; Source: Petronas
Fossil Energy

Petronas assigns work on Malaysian carbon capture and storage project to RINA

Petronas has put RINA, a provider of inspection, certification, and engineering consultancy services, in charge of a preliminary front-end engineering design (pre-FEED) study for a carbon capture and storage (CCS) project in Malaysia.

about 1 year ago
A large vessel at sea
Fossil Energy

Hanwha handpicks GTT for tank design of LNG carrier pair

South Korea’s shipbuilder Hanwha Ocean has placed an order with French technological containment specialist Gaztransport & Technigaz (GTT) for the tank design of two new liquefied natural gas (LNG) carriers it is building for Greek shipowner Maran Gas Maritime.

about 1 year ago
Illustration; Source: QatarEnergy
Fossil Energy

Multi-vessel deal sets the seal on QatarEnergy’s massive LNG shipbuilding quest

QatarEnergy has crossed the finish line for its historic LNG fleet expansion program by inking long-term time charter party (TCP) agreements with the joint venture (JV) of Japan’s Mitsui O.S.K Lines Ltd. (MOL) and China’s COSCO Shipping LNG Investment (Shanghai) Co. Ltd. (CSLNG) for six QC-Max size

about 1 year ago
Side view of a processing plant
Fossil Energy

US players team up on ‘landmark’ LNG export terminal in Texas

PIC Americas has selected CryoSys, a compatriot provider of gas processing and liquefied natural gas (LNG) technology, to supply pretreatment and liquefaction solutions for its planned development of an LNG export facility on the Texas Gulf Coast.

about 1 year ago
UK’s first ever carbon storage becoming a reality, first injection expected in 2027
Fossil Energy

UK’s first ever carbon storage becoming a reality, first injection expected in 2027

The North Sea Transition Authority (NSTA) has awarded the Northern Endurance Partnership (NEP), comprising BP, Equinor and TotalEnergies, with the first-ever carbon storage permit in the UK. The project, located around 75 kilometers east of Flamborough Head, off Teesside on England’s east coast, is

about 1 year ago
Gas leak at Nord Stream 2 pipeline as seen from a Danish F-16 interceptor near Bornholm, Denmark on 27 September 2022.
Fossil Energy

Hybrid warfare paints ‘gray zone’ targets on shipping and offshore energy infrastructure

With the swift surge in geopolitical upheavals, a rising tide of offshore security risks is playing out across the globe, putting vessels, undersea cables, and offshore oil and gas installations in danger of increasingly becoming sitting ducks for “gray zone” attacks, which WTW interprets as actions

about 1 year ago
Commonwealth LNG design; Source: Commonwealth LNG
Fossil Energy

US LNG export projects on hold until environmental reviews are out of the way

As the Department of Energy (DOE) has confirmed the environmental reviews will need to be completed with all agencies before pending projects can get back on track, the pause appears to still be in effect, even though a preliminary injunction from a court in Louisiana seemingly ended a temporary lul

about 1 year ago
Petronas' Malaysian LNG Complex at Bintulu, Sarawak; Source: Petronas
Fossil Energy

TotalEnergies takes over gas assets offshore Malaysia

TotalEnergies has expanded its gas portfolio with more assets off the coast of Malaysia by wrapping up the acquisition of stakes OMV and Sapura Upstream held in SapuraOMV Upstream Assets, a Malaysian independent gas producer and operator.

about 1 year ago
Aerial view of a port
Fossil Energy

With building permit secured, Polish FSRU project ready for execution stage

Poland’s gas transmission system operator Gaz-System has obtained a building permit for the floating storage and regasification unit (FSRU) that will form part of the country’s second liquefied natural gas (LNG) terminal, in the Gulf of Gdańsk.

about 1 year ago
Large-scale North Sea CO2 storage gallops ahead as Danish project reaches FID
Fossil Energy

EU’s first full-scale CO2 storage facility gallops ahead as Danish project reaches FID

The consortium partners behind Project Greensand have taken the final investment decision (FID) for what is the first full-scale carbon storage facility in the EU, investing $150 million in commercial agreements across the entire value chain, from CO2 emitters to logistics, storage, and shipping. On

about 1 year ago
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