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Fossil Energy

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Liquefied Natural GasLow-Carbon TransitionOil & GasAuthorities & GovernmentBusiness & FinanceBusiness Developments & ProjectsEnvironmentExploration & ProductionRegulation & PolicyTransitionRigsCollaborationOutlook & StrategyFPSO & VesselsProject & TendersGreen MarineSubseaCarbon Capture Usage & StorageInfrastructurePipesProduction & Processing
Large-scale LNG plant within Sakhalin II project; Source: Gazprom
Fossil Energy

Russian gas and LNG play ‘major’ part in global energy security, Gazprom says

Russia’s giant Gazprom has highlighted the contributions its gas is making to oil the wheels of global energy security while discussing the size of the hand its gas and liquefied natural gas (LNG) supplies have in the worldwide energy mix.

about 1 year ago
Var jack-up rig; Source: Seatrium
Fossil Energy

Borr Drilling takes delivery of newbuild rig from Seatrium ahead of schedule

Seatrium has delivered another newbuild jack-up rig earlier than expected to Borr Drilling. This handover of the final unit in a multi-rig series is said to have been completed almost a year before it was due.

about 1 year ago
Four men standing behind a desk on stage
Fossil Energy

Malaysia and China fostering oil & gas and LNG collaboration

Two state-owned companies, Malaysia’s Petronas and China’s China National Petroleum Corporation (CNPC), have signed a memorandum of understanding (MoU) for strategic cooperation in the oil and gas and liquefied natural gas (LNG) arena.

about 1 year ago
FPSO BW Opal; Source: BW Offshore
Fossil Energy

Australia-bound FPSO on track for first gas in 2025 but BW Offshore facing cost overruns (Gallery)

BW Offshore is anticipating additional costs of up to $150 million for the completion of the remaining work related to its newbuild floating production storage and offloading (FPSO) vessel, which is anticipated to start work at a Santos-operated giant gas project off the coast of Australia in the se

about 1 year ago
MMEGA FPSO design; Source: MISC
Fossil Energy

Bumi Armada and MISC mulling over potential merger to consolidate floating production businesses

Malaysia’s Bumi Armada is pondering a business combination with the offshore segment of MISC Berhad (MISC), an owner and operator of offshore floating and energy-related maritime solutions and services.

about 1 year ago
An offshore platform
Fossil Energy

Norwegian State bringing into its fold world’s ‘most extensive’ gas network for $1.6 billion

Norway’s Ministry of Energy has signed purchase agreements with seven companies forming part of three joint ventures (JV) that own “key” parts of the country’s gas transportation system. Agreements have been concluded with A/S Norske Shell, CapeOmega, ConocoPhillips Skandinavia, Equinor Energy, Hav

about 1 year ago
A large vessel at sea
Fossil Energy

ADNOC to supply India with LNG until 2036

ADNOC Gas, a subsidiary of Abu Dhabi National Oil Company (ADNOC), has signed a ten-year liquefied natural gas (LNG) sales and purchase agreement (SPA) with India’s state-owned natural gas player GAIL.

about 1 year ago
Illustration; Source: TotalEnergies
Fossil Energy

TotalEnergies, Shell, BP, and Equinor to assist in tackling energy access woes with $500M pledge

Four energy giants – France’s TotalEnergies, Norway’s Equinor, and the UK-headquartered Shell and BP – have confirmed their plans to pool resources to help support access to energy with a $500 million joint investment commitment.

about 1 year ago
FPSO One Guyana; Source: SBM Offshore
Fossil Energy

SBM Offshore’s FPSO trio nearing finish line for first oil next year as ExxonMobil sets its cap on buying another Guyanese unit

SBM Offshore is putting the finishing touches in place to make three of its floating production, storage, and offloading (FPSO) vessels ready to start their assignments next year. Two of these will be deployed at oil fields offshore Brazil while one is destined for ExxonMobil’s project off the coast

about 1 year ago
Illustration; Source: OMV
Fossil Energy

Arbitration win against Gazprom enables OMV to take €230M plus interest and costs home

OMV has managed to get the upper hand in the arbitration case against Gazprom Export, a subsidiary of Russia’s gas giant Gazprom, over the latter’s alleged irregular gas supplies to Germany.

about 1 year ago
Norwegian
Fossil Energy

Norwegian and Greek firms team up on joint CO2 corridor project between Norway and the Netherlands

Norwegian clean energy company Horisont Energi and ECOLOG, a Greek mid-stream carbon capture, utilization and sequestration (CCUS) service provider, have entered into an agreement to ‘advance’ the development of a carbon dioxide (CO2) corridor between Norway and the Netherlands. As disclosed, the pr

about 1 year ago
Valaris 123 jack-up rig; Source: Valaris
Fossil Energy

Shell begins laying the groundwork for recent North Sea gas discovery to become FID-ready

Shell is taking steps to set the stage for a potential final investment decision (FID) to be taken in relation to its recent gas discovery in the North Sea, which is located on the UK Continental Shelf (UKCS).

about 1 year ago
Allseas installs pipeline for 'flagship' Dutch gas development
Fossil Energy

Allseas installs pipeline for ‘flagship’ Dutch North Sea gas development

Allseas has completed the pipeline installation and post-lay activities for what is said to be a flagship project in the Dutch North Sea led by the Netherlands-based exploration and production player ONE-Dyas. Under a contract secured at the beginning of 2023, Allseas was in charge of the transport

about 1 year ago
Deepsea Atlantic semi-submersible rig; Credit: Odfjell Drilling
Fossil Energy

North Sea drilling leads to another oil & gas discovery where 12 more sprung up since 2018

Equinor has made a new oil and gas discovery in the North Sea off the coast of Norway, using one of the semi-submersible rigs owned by Odfjell Drilling.

about 1 year ago
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