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Fossil Energy

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Romania approves Maritime Spatial Plan
Fossil Energy

Romania approves Maritime Spatial Plan

Romanian ministries have prepared a draft emergency ordinance with which the Maritime Spatial Plan (MSP), a strategic planning document identifying the spatial and temporal distribution of current and future activities and uses within Romanian waters, is approved. Romania’s Ministry of Environment a

about 2 years ago
Seismic signals indicating possible explosion recorded near Balticconnector gas pipeline
Fossil Energy

Seismic signals indicating possible explosion recorded near Balticconnector gas pipeline

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Seismic signals have been recorded in the vicinity of the Balticconnector gas pipeline between Finland and Estonia, indicating a possible explosion had occurred around the time an unusual drop in pressure was observed. To remind, Balticconnector was shut down at midnight on October 8 after Finnish a

about 2 years ago
Angolan FPSO to pilot CCS plant on board
Fossil Energy

Angolan FPSO to pilot CCS plant on board

Yinson Production, together with client Azule Energy, is set to pilot an offshore carbon capture and storage (CCS) plant on the floating production storage and offloading (FPSO) vessel Agogo in Angola. The plant, said to be the world’s first post-combustion carbon capture unit installed onboard an F

about 2 years ago
PV Drilling
Fossil Energy

2007-built jack-up rig begins drilling program off Thailand

Vietnam’s Petrovietnam Drilling and Well Service Corporation (PV Drilling) has commenced a drilling program for Northern Gulf Petroleum in the Gulf of Thailand. PV Drilling’s 2007-built jack-up rig PV DRILLING I started to perform the drilling program at Block G6/48, Rossukon conventional oil field,

about 2 years ago
Illustration; Source: QatarEnergy
Fossil Energy

In focus: The hard truths and wake-up calls in the global energy transition

As the world races towards a net-zero emissions future by 2050, it’s imperative to acknowledge some hard truths and heed the wake-up calls emerging from the latest reports and analyses. The energy transition journey is undoubtedly complex, laden with challenges and unearthing difficult realities as

about 2 years ago
Fast4Ward design; Source: SBM Offshore
Fossil Energy

ExxonMobil hires SBM Offshore to build FPSO for sixth oil development off Guyana

SBM Offshore has gotten its hands on a contract to perform FEED for an FPSO, destined to work on ExxonMobil’s sixth oil project off Guyana.

about 2 years ago
Tommeliten A; Source: ConocoPhillips
Fossil Energy

More North Sea gas gushes out as cross-border project comes on stream ahead of schedule

ConocoPhillips has started production from a cross-border field in the North Sea six months ahead of schedule, ensuring more Norwegian gas for the energy market.

about 2 years ago
Wood Mackenzie
Fossil Energy

WoodMac: Swift action needed to ratchet up carbon capture and reach net-zero by 2050

Wood Mackenzie believes that emerging sectors will not be able to usher in a net-zero by 2050 era without CCUS.

about 2 years ago
Oil spill (for illustration purposes); Source: Vissim
Fossil Energy

Vår Energi revamps oil spill detection technology on assets off Norway

Vår Energi has hired Vissim to fit a new and upgraded oil spill detection solution at its installations on the Norwegian continental shelf.

about 2 years ago
Deepsea Aberdeen rig; Source: Odfjell Drilling
Fossil Energy

Equinor gets clearance to dispatch Odfjell rig for drilling ops in North Sea

Equinor has received consent from Norway’s regulator for exploration drilling in the North Sea, using one of Odfjell Drilling’s rigs.

about 2 years ago
Wood Mackenzie
Fossil Energy

With different decarbonization pathways in play, how are NOCs holding up against IOCs?

Wood Mackenzie points out that NOCs and IOCs are making progress at a different pace, as there are multiple roads to a sustainable world.

about 2 years ago
Illustration; Source: API
Fossil Energy

Are Gulf of Mexico vessel restrictions a boon for whales but a curse for America’s offshore oil & gas industry?

New report warns that restrictions on oil & gas vessels in the Gulf of Mexico will undermine U.S. energy security and hamper economic growth.

15 minutes read
LNG Croatia and SK E&S eye LNG and renewables collaboration
Fossil Energy

LNG Croatia and SK E&S eye LNG and renewables collaboration

Zagreb-based LNG Croatia has signed a joint development agreement with Seoul-based SK E&S for possible cooperation in the field of the LNG industry, renewable energy sources and energy efficiency. LNG Croatia said the two companies will work together on projects for the efficiency of the LNG termina

about 2 years ago
The ‘carrot’ needs to be more ‘attractive’ to accelerate energy transition
Fossil Energy

The ‘carrot’ needs to be more ‘attractive’ to accelerate energy transition

The conversation surrounding the global energy transition is at a pivotal juncture, with a clear need to expedite the process. The process centers on the delicate balance between the “carrot” and “stick” principle – incentivizing green energy investments while making fossil fuels less attractive thr

about 2 years ago