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Fossil Energy

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Low-Carbon TransitionOil & GasBusiness & FinanceBusiness Developments & ProjectsEnvironmentExploration & ProductionTransitionLiquefied Natural GasProject & TendersVesselsFPSO & VesselsCertification & ClassificationInnovationRegulation & PolicySubseaSurveys & InterventionsCarbon Capture Usage & StorageCollaborationOutlook & StrategyVisionAuthorities & GovernmentProduction & ProcessingRigsMarket OutlooksInfrastructurePorts & LogisticsResearch & Development
Illustration; Source: Petrobras
Fossil Energy

Petrobras cheers 41% cut in operational GHG emissions since 2015

Petrobras has tucked a new greenhouse gas (GHG) emission reduction milestone under its belt with a 41% drop in operational GHG emissions.

about 2 years ago
Flex Constellation LNG carrier; Source: Flex LNG
Fossil Energy

New vessel assignment with Asian player enables Flex LNG to score its fourth deal in 2024

Bermuda-headquartered Flex LNG has found work with an undisclosed company in Asia for another one of its LNG carriers.

about 2 years ago
FPSO Liza Unity; Source: SBM Offshore
Fossil Energy

Another industry first for ExxonMobil’s second FPSO in Guyana as ABS bestows new notation upon it

An FPSO, which is working on ExxonMobil’s first oil development project offshore Guyana, has tucked one more industry first under its belt.

about 2 years ago
Baker Hughes and CGG in alliance for carbon capture and storage
Fossil Energy

Baker Hughes and CGG in alliance for carbon capture and storage

France-based geoscience technology services company CGG and U.S. energy technology company Baker Hughes have signed a memorandum of understanding (MoU) to jointly explore carbon capture and storage (CCS) solutions. CGG said that the collaboration and proposed commercial alliance intends to support t

about 2 years ago
FPSO Norne; Source: Equinor
Fossil Energy

Vår Energi offloads stakes in five oil & gas fields for $51 million and DNO’s interest in its operated asset

Vår Energi has struck a deal with DNO Norge to divest its interests in five oil and gas fields in the Norwegian Sea.

about 2 years ago
FPSO Maria Quitéria; Source: Yinson Production
Fossil Energy

Yinson Production’s third Brazil-bound FPSO is on its way to South America (Gallery)

Yinson Production has confirmed the departure of an FPSO vessel from a Chinese shipyard.

about 2 years ago
Illustration; Credit: Morten Berentsen/NOD
Fossil Energy

More ‘attractive’ offshore oil & gas acreage up for grabs in Norway’s new licensing round

Norway’s Ministry of Petroleum and Energy has set in motion the Award in Pre-Defined Areas 2024 (APA 2024) round for further exploration activity.

about 2 years ago
accelerate the subsea tieback delivery to aging platforms
Fossil Energy

OKEA appoints Subsea7 and SLB to ‘accelerate subsea tieback delivery to aging platforms’

Following a recent long-term strategic agreement with Norway’s state-owned energy giant Equinor, SLB OneSubsea and Subsea7’s Subsea Integration Alliance has secured a contract with Norwegian oil & gas company OKEA for its North Sea field. The “sizeable” integrated engineering, procurement, construct

about 2 years ago
Noble Voyager drillship; Source: Noble Corporation
Fossil Energy

Noble CEO: Floaters to keep on reaping the benefits of offshore drilling market’s ‘multi-year uptrend’

Noble Corporation is feeling buoyant over the future opportunities for its rig fleet, especially the floater segment.

about 2 years ago
Atlantis platform in the Gulf of Mexico; Source: BP
Fossil Energy

BP’s profit plunges to $2.7 billion amid oil & gas price headwinds

BP has recorded a fall in profit on a quarterly and year-over-year (y-o-y) basis driven by the downturn in energy prices.

about 2 years ago
Illustration; Source: Incat Crowther
Fossil Energy

Senegalese player taps Australian-Singaporean shipbuilding duo to build vessel for its emerging offshore energy sector

Senegal’s O3S has commissioned Incat Crowther and Penguin International to build a new FSV to service the country’s offshore energy sector.

about 2 years ago
Port of Gdańsk; Source: Gaz-System
Fossil Energy

MOL and Gaz-System shake hands on deal for Poland’s first FSRU

Poland’s Gaz System has signed a long-term TCP agreement for a FSRU with a subsidiary of Japan’s shipping major Mitsui O.S.K. Lines (MOL).

about 2 years ago
Illustration; Source: MODEC
Fossil Energy

Japanese duo carries out GHG emissions quantification project at MODEC’s Brazilian FPSO pair

MODEC and JGC Corporation have wrapped up a project aimed at measuring and quantifying emissions of methane and other greenhouse gases (GHG).

about 2 years ago
Illustration; Source: Amplus VG Energy
Fossil Energy

Three players unlocking West Africa’s ‘lucrative’ undeveloped oil & gas reserves

Carbon Circle has joined forces with Amplus VGE to target marginal oil and gas fields in West Africa to bring their full untapped potential to the fore.

about 2 years ago
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