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Fossil Energy

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Clean FuelLiquefied Natural GasBusiness & FinanceBusiness Developments & ProjectsFPSO & VesselsSubseaSurveys & InterventionsVessels & VehiclesOutlook & StrategyProject & TendersTransitionVesselsVisionOil & GasAuthorities & GovernmentEnvironmentExploration & ProductionRegulation & PolicyRules & RegulationLow-Carbon TransitionMarket OutlooksRigsOther FuelsLNGCollaboration
Mitsui & Co. invests in Arctic LNG 2 operating company
Fossil Energy

Mitsui & Co. invests in Arctic LNG 2 operating company

Mitsui & Co., through Japan Arctic LNG (J-Arc), has invested in Arctic LNG 2 LLC, the operating company for the Arctic LNG 2 project in Russia. Japan Arctic LNG is a Dutch corporation 75% owned by Japan Organization for Metals and Energy Security (JOGMEC) and 25% owned by Mitsui. On November 2, the

about 2 years ago
Ex-platform supplier ready for subsea operations
Fossil Energy

Ex-platform supplier ready for subsea operations

Wagenborg Offshore has taken into service a subsea support vessel following the conversion from a platform supply vessel (PSV). The Kingsborg subsea support vessel is custom-made and specialized to support subsea activities and decommissioning works in the southern North Sea in a long-term agreement

about 2 years ago
Illustration. Source: BOEM
Fossil Energy

Gulf of Mexico oil & gas lease sale put off again until court decision comes

BOEM has delayed the next offshore oil and gas lease sale for acreage in the Gulf of Mexico, pending further direction from the court.

about 2 years ago
Oseberg C; Credit: Øyvind Hagen/Equinor
Fossil Energy

Fresh North Sea oil & gas discovery enriches Norwegian field’s hydrocarbon arsenal

Norwegian state-owned energy giant Equinor has made a new oil and gas discovery in the North Sea off Norway.

about 2 years ago
Prelude; Source: Shell
Fossil Energy

Buffeted by market volatility, Shell’s profit slumps but overall performance remains ‘strong’

Shell has joined its peers in posting solid operating and financial performance for the third quarter of 2023.

13 minutes read
Valaris 249 jack-up rig; Source: Valaris
Fossil Energy

Nine Valaris rigs snap up multi-million drilling gigs with oil & gas giants, pushing total backlog to $3.2 billion

Valaris has secured a plethora of new contracts and extensions for four floaters and five jack-ups in its rig fleet with TotalEnergies, Petrobras, ExxonMobil, Eni, BP, TAQA, and Perenco.

about 2 years ago
Cheniere pens long-term LNG supply deal with Foran
Fossil Energy

Cheniere pens long-term LNG supply deal with Foran

U.S. Cheniere Energy’s subsidiary Cheniere Marketing has entered into a long-term liquefied natural gas (LNG) sale and purchase agreement (SPA) with China’s Foran Energy Group. Under the SPA, Foran agreed to purchase approximately 0.9 million tons per annum (mtpa) of LNG for 20 years from Cheniere M

about 2 years ago
Steel-cutting ceremony for Munin platfrom; Source: Aker BP
Fossil Energy

First steel cut for North Sea-bound unmanned gas production platform – gallery

Aker BP has celebrated the start of the construction phase for a platform, which is destined to be deployed in the North Sea offshore Norway.

about 2 years ago
Illustration; Source: Murphy Oil
Fossil Energy

Murphy eyes first oil in 2026 from offshore project in Southeast Asia

Murphy Oil has sanctioned an oilfield development project in the Cuu Long Basin offshore Vietnam, Southeast Asia.

about 2 years ago
Deepsea Mira rig; Source: Odjell Drilling
Fossil Energy

Odfjell Drilling cheers completion of ‘complex’ rig move off Namibia

Odfjell Drilling has boosted operational efficiency by employing a new method to complete a rig move off Namibia.

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

With contract backlog of $4.7 billion, Noble looks forward to ‘sustained long-term upcycle’

Noble Corporation has reported strong operational and financial performance during the third quarter of 2023.

about 2 years ago
Illustration; Source: The International Energy Agency (IEA)
Fossil Energy

IEA: Redoubling international cooperation ‘vital’ to usher clean energy era faster and end fossil fuel reign

The International Energy Agency’s new report outlines that the energy world is expected to change its stripes by 2030.

about 2 years ago
Dr. Sultan Al Jaber, COP28 President
Fossil Energy

New charter urges private sector towards ‘bolder’ climate and net-zero action ahead of COP28

The COP28 Presidency has revealed the launch of a new charter to mobilize and encourage the private sector to take further steps towards accelerating and bolstering their net-zero pledges.

about 2 years ago
QatarEnergy LNG delivers 1,000th cargo to South Hook LNG terminal in UK
Fossil Energy

QatarEnergy LNG delivers 1,000th cargo to South Hook LNG terminal in UK

QatarEnergy LNG, previously known as Qatargas, has completed its 1,000th LNG shipment to the South Hook LNG terminal at Milford Haven in the United Kingdom (UK). The landmark delivery was made by the Q-Max LNG carrier Mozah, which already has another landmark achievement to its name, the 10,000th LN

about 2 years ago
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