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Fossil Energy

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Damen
Fossil Energy

Damen, Herman Sr. shake hands on methanol-ready, diesel-electric multipurpose ship

Dutch shipbuilding major Damen Shipyards Group and compatriot tug and workboat company Herman Sr. have signed a letter of intent (LOI) for the construction of a new methanol-ready diesel-electric multipurpose vessel (MPV).

about 1 year ago
Showing the Sea Lion FPSO and the Phase 1 & 2 development field layout; Source: Navitas
Fossil Energy

Sea Lion’s first roar pushed back as costs rise to $1.4 billion for Falkland Islands’ oil project

Israel’s Navitas Petroleum has postponed a final investment decision (FID) for its giant Sea Lion oil project in the North Falkland Basin (NFB), bumping it to next year for Phase 1, following the cost hike to $1.4 billion.

about 1 year ago
FLNG Nguya; Source: Eni
Fossil Energy

FLNG milestone keeps Eni’s next chapter of African LNG story on track (Gallery)

Eni has made inroads in bringing its new floating liquefied natural gas (FLNG) unit to life in line with its start-up timeline, thus, the unit is still slated to come into operation mode in the fourth quarter of 2025 at the Italian player’s LNG project off the coast of Congo, Africa.

about 1 year ago
Illustration; Source: Seatrium
Fossil Energy

Asian duo to create ‘cutting-edge’ jack-up rigs for India’s offshore arena

Seatrium has joined forces with India’s Cochin Shipyard to bring to life mobile offshore drilling units (MODUs), which will be designed specifically to meet the needs of the Indian offshore oil and gas market.

about 1 year ago
CLB Ailan YiHao (AL-1) at oilfield development project offshore China; Source: Fulan Offshore
Fossil Energy

Cable laying barge wraps up its first subsea foray into oil & gas arena after offshore wind jobs (Gallery)

China-headquartered Fulan Offshore has crossed the finish line at an oilfield project in the Bohai Sea with one of its cable laying barges (CLBs), which previously worked on multiple offshore wind projects.

about 1 year ago
MISC
Fossil Energy

MISC, Gentari partner up on ammonia shipping and floating solutions

Malaysia’s energy-related maritime services provider MISC Berhad (MISC) has entered into a strategic collaboration agreement with compatriot clean energy solutions provider Gentari through Gentari Hydrogen to jointly explore the development of integrated shipping and floating solutions for clean amm

about 1 year ago
Illustration; Source: Prysmian
Fossil Energy

Prysmian’s cable-making ops at full blast for two big North Sea oil & gas projects

Prysmian is hard at work at its factory in Norway to provide cables for two oil and gas development projects in the North Sea, off the coast of Norway. Thanks to these projects, the Italian player’s headcount has gone up.

about 1 year ago
OEEC 2024 Exclusive Networking Dinner guests meeting ahead of event kick-off tomorrow
Fossil Energy

OEEC 2024 Exclusive Networking Dinner guests meeting ahead of event kick-off tomorrow

The 17th edition of Offshore Energy Exhibition & Conference (OEEC) will launch tomorrow, November 26, but the event has already started with a get-together at the iconic Capital C in Amsterdam. There, guests from around the world who signed up for the Exclusive Networking Dinner are meeting before O

about 1 year ago
Eldfisk Complex; Source: ConocoPhillips
Fossil Energy

ConocoPhillips ties the $22.5 billion merger knot with US oil & gas player

ConocoPhillips has brought a compatriot oil and gas company into its fold by wrapping up the multibillion-dollar business combination with Marathon Oil Corporation.

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

Powering oil & gas production with renewables and low-carbon energy: Electrification brings emission cuts of 80%

While the energy transition toolbox is filled with decarbonization tools, electrification seems to be the jewel in its crown, based on research conducted by Rystad Energy, which points out that applying this method to upstream operations has the potential to get rid of over 80% of oil and gas produc

about 1 year ago
Illustration; Source: ExxonMobil
Fossil Energy

Net zero quest: Weaning off oil & gas or undermining the world’s energy security backbone?

After decarbonization pledges entered the scene, climate change challenges have fanned the transformation flames, taking the energy industry’s transition to other power sources to a whole new level.

about 1 year ago
A large vessel at sea with two smaller ones next to it
Fossil Energy

Renewed focus on energy security prompts nearly $2 trillion investment in clean energy since 2020, IEA finds

The International Energy Agency (IEA) has published its first report exploring the evolution of the global energy policy landscape over the last 12 months by providing an overview of policies, legislation, spending, and general progress countries and sectors are making on their energy transition jou

about 1 year ago
Illustration; Source: Navingo
Fossil Energy

Carbon offsetting and green gas: Chasing fairy tale of climate-neutral future or key tools in net zero’s arsenal?

As time goes by, the zest for a carbon-free world has sparked a seismic shift toward the sphere of environmental sustainability. However, many thorns remain on the path to such a low-emission world, including differing perceptions about the tools to achieve this goal. This is hammered home by the pu

15 minutes read
T&E
Fossil Energy

T&E: Carbon footprint of European gas imports underestimated by almost 30%

Despite the efforts to promote liquefied natural gas (LNG) as the go-to clean alternative, new evidence on upstream emission suggests that Europe’s gas mix is much dirtier than the European Union’s (EU) officials had initially thought, Transport and Environment (T&E) shared. According to a study tit

about 1 year ago
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