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Fossil Energy - Offshore Energy

Fossil Energy

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North Field off Qatar; Source: QatarEnergy LNG

Fossil Energy

Strengthening of Qatar-China energy ties entrenches gas as ‘central component’ in journey to sustainable future

A recent deal between Qatar’s QatarEnergy and China’s Sinopec bolsters hopes that gas and LNG will power the energy transition engine.

about 2 years ago

Fossil Energy

Velesto hands out deal for upcoming rig moves

ABL has been awarded a new contract by Velesto Drilling to provide marine warranty survey (MWS) services related to rig moves off Malaysia.

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about 2 years ago

Fossil Energy

Following BP’s exit, operatorship of giant gas discoveries changes hands, as US player takes the reins

Kosmos Energy has boosted its working interest and taken the operatorship helm, subject to customary government approvals, of giant gas discoveries offshore Senegal, after BP’s withdrawal from the field.

about 2 years ago

Fossil Energy

QatarEnergy and Sinopec conclude 27-year LNG supply deal

Qatar’s state-owned oil and gas company QatarEnergy has signed a partnership agreement with China Petrochemical Corporation (Sinopec) for the North Field South (NFS) expansion project. Furthermore, the two parties signed a long-term sales and purchase agreement (SPA) for the delivery of 3 million to

about 2 years ago

Fossil Energy

Finland’s Inkoo FSRU receives second LNG cargo from Gasum after Balticconnector incident

Following rupture and shutdown of the Balticconnector gas pipeline in early October, Finland’s Inkoo FSRU terminal has received second LNG cargo from Gasum. According to Gasum, the cargo arrived on November 5 and unloading to the FSRU has started where the LNG will be regasified and fed into the Fin

about 2 years ago

Illustration; Source: Energy Maritime Associates (EMA)

Fossil Energy

With orders set to reach $173 billion, ‘robust’ demand in store for FPSO, FLNG and other floating production units

New report predicts a boost in demand, with orders reaching up to $173 billion for 168 floating production units within the next five years.

about 2 years ago

Norve jack-up rig; Source: Borr Drilling

Fossil Energy

New commercial oil discovery offshore Gabon deemed to be ‘substantial’

Oslo-listed oil and gas E&P player BW Energy has made a new oil discovery at an appraisal well which is part of its multi-well program offshore Gabon.

about 2 years ago

Noble Discoverer (former Maersk Discoverer) rig; Source: Noble Corp.

Fossil Energy

Petronas and ExxonMobil find more oil offshore Suriname

Petronas and ExxonMobil have made an oil discovery at an exploration well in Block 52 located offshore Suriname.

about 2 years ago

Fossil Energy

Sinopec puts world’s largest LNG storage tank into operation

China Petroleum & Chemical Corporation (Sinopec) has revealed that the world’s largest LNG storage tank was put into operation at its Qingdao LNG receiving terminal in China. The construction of the tank with a storage capacity of 270,000 cubic meters began in early 2022 and it was put into service

about 2 years ago

Fossil Energy

Nokia firm delivers subsea tech for Equinor’s oil project

Alcatel Submarine Networks (ASN), part of Nokia, has delivered subsea control cable infrastructure for an Equinor-operated field recently brought on stream. ASN has supplied, installed, and pre-commissioned DC/FO subsea control cable infrastructure, which provides high electrical power and fiber con

about 2 years ago

Fossil Energy

Australian giant gas project facing potential delays due to court injunction

Santos is being prevented from continuing its planned work on the Barossa gas field development project offshore Australia due to an interim injunction.

about 2 years ago

Fossil Energy

In focus: Major renewable energy, clean fuel updates from the Nordic region

Major energy transition-related updates came from Nordic countries this week. An energy island for large-scale green hydrogen and offshore wind production has been proposed in Åland (Finland). Denmark has just selected winners of its first Power-to-X tender. The first containership to be powered by

about 2 years ago

Deepwater Atlas drillship (for illustration purposes); Source: Transocean

Fossil Energy

International offshore rig count slips down a few more notches

With the number of offshore rigs on a downward trajectory, Baker Hughes’ international rig count report shows five units less in October 2023 than the month before

about 2 years ago

Darren Woods, ExxonMobil's CEO; Source: ExxonMobil

Fossil Energy

Additional CO2 pipeline network positions ExxonMobil’s low-carbon business for ‘profitable growth’

ExxonMobil has wrapped up the acquisition of Denbury and expanded its low-carbon business and CO2 pipeline network in the United States.

about 2 years ago