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Fossil Energy

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DET holds capacity allocation auctions for German North Sea coast terminals
Fossil Energy

DET holds capacity allocation auctions for German North Sea coast terminals

The state-owned operating company Deutsche Energy Terminal (DET), responsible for the marketing and operation of the four LNG terminals (FSRU) on the German North Sea coast, has for the first time marketed regasification capacities of the terminals in digital auction rounds. On a total of six market

about 2 years ago
Petronas puts lightweight AUV to test
Fossil Energy

Petronas puts lightweight AUVs to test

A Kuala Lumpur-headquartered company has delivered a subsea pipeline inspection using lightweight autonomous underwater vehicles (AUVs) for Malaysia’s state-owned energy giant Petronas. NJ Petroniaga announced it had delivered the “innovative” subsea pipeline inspection for Petronas Gas Berhad from

about 2 years ago
Illustration; Source: NewMed Energy
Fossil Energy

More action needed before Israel grants multiple exploration blocks to SOCAR, NewMed, and BP

Israel’s Ministry of Energy has set its cap on approving the award of six licenses in a fourth competitive process for natural gas exploration in the State of Israel’s Exclusive Economic Zone (EEZ) to Azerbaijan’s SOCAR, NewMed Energy – former Delek Drilling – and Britain’s BP.

about 2 years ago
Illustration; Source: Offshore Energies UK (OEUK)
Fossil Energy

New licenses paving the way for ‘no cliff edge’ in UK oil & gas production

OEUK has welcomed the award of new oil and gas licenses as a step in the right direction to strengthen homegrown energy security.

about 2 years ago
PV Gas inaugurates Vietnam’s Thi Vai LNG terminal
Fossil Energy

PV Gas inaugurates Vietnam’s Thi Vai LNG terminal

PetroVietnam Gas Corporation (PV Gas) has held an inauguration ceremony at the Cai Mep Industrial Park, Phu My Town, Ba Ria-Vung Tau, Vietnam, for the Thi Vai LNG terminal. According to PV GAS, the Thi Vai LNG terminal officially being put into operation is the ultimate result of the company’s effor

about 2 years ago
AHTS Havila Jupiter; Source: Havila Shipping
Fossil Energy

Havila Shipping sells three vessels to repay debt

Havila Shipping has sold three vessels – one platform supply vessel (PSV) and two anchor handling tug supply (AHTS) ones – following demands from lenders, and in accordance with its current restructuring agreement.

about 2 years ago
Europipe II natural gas pipeline at the Kårstø processing plant in Nord-Rogaland; Credit: Ole Jørgen Bratland/Equinor
Fossil Energy

Germany secures more Norwegian gas, as Equinor and RWE pen five-year supply agreement

Equinor has inked a new supply agreement for natural gas with RWE, which is expected to aid in bolstering Germany’s energy security.

about 2 years ago
PSC signing event; Source: Petronas
Fossil Energy

Aiming to unlock more hydrocarbon resources, Petronas inks production sharing contract with Ping Petroleum

Petronas has signed a late life asset PSC with Ping Petroleum for a cluster of three developed fields offshore Peninsular Malaysia.

about 2 years ago
Illustration; Source: North Sea Transition Authority (NSTA)
Fossil Energy

UK offers first batch of licenses in 33rd offshore oil & gas round to fortify energy security

North Sea Transition Authority (NSTA) has awarded 27 licenses in areas with the potential to go into production more quickly than others to bolster Britain’s energy security.

about 2 years ago
In focus: Stimulating industry-transforming changes through new hydrogen technologies
Fossil Energy

In focus: Stimulating industry-transforming changes through new hydrogen technologies

New programs for the transformation of the offshore energy sector are here. Through these actions, the industry is dealing with the following questions: to provide energy that is secure, affordable and lower in carbon. Example number one: Korea’s Ministry of Trade, Industry and Energy (MOTIE), energ

about 2 years ago
Balticconnector and telecom cable incidents are related, Estonian Prime Minister says
Fossil Energy

Balticconnector and telecom cable incidents are related, Estonian Prime Minister says

The incidents that caused damage to the Balticconnector gas pipeline and telecom cables between Estonia, Finland, and Sweden are related, according to Estonian Prime Minister Kaja Kallas. Kallas met with Finnish Prime Minister Petteri Orpo and Swedish Prime Minister Ulf Kristersson in Brussels yeste

about 2 years ago
Brazilian FPSO hits full production record
Fossil Energy

Brazilian FPSO hits full production record

The floating production storage and offloading unit (FPSO) Almirante Barroso, deployed at Petrobras’ deepwater oil field in the Santos Basin offshore Brazil, has reached full production in record time. The FPSO, which operates in the Búzios field in the pre-salt layer of the Santos Basin, reached fu

about 2 years ago
Venice Energy speeds up Outer Harbor LNG construction
Fossil Energy

Venice Energy inks exclusivity deal for use of Outer Harbor LNG terminal

Australian energy infrastructure developer Venice Energy and its compatriot energy provider Origin Energy have agreed on a structural framework that will underwrite the commercial viability of the Outer Harbor LNG import terminal to be built at Port Adelaide. The agreement will see Origin become the

about 2 years ago
'Significant discovery' in Guyana's Stabroek block
Fossil Energy

‘Significant discovery’ in Guyana’s Stabroek block

U.S.-headquartered energy giant ExxonMobil has made another oil discovery at the Stabroek block, representing the fourth discovery offshore Guyana for this year. Guyana’s Ministry of Natural Resources (MNR) reported that the Lancetfish-2 appraisal well had resulted in a “significant discovery”. The

about 2 years ago
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