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Fossil Energy

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Clean FuelLiquefied Natural GasOil & GasOther FuelsBusiness & FinanceBusiness Developments & ProjectsVesselsAuthorities & GovernmentCollaborationRegulation & PolicyFPSO & VesselsLow-Carbon TransitionCarbon Capture Usage & StorageExploration & ProductionMarket OutlooksOutlook & StrategyTransitionSubseaSurveys & InterventionsEnvironmentInfrastructureProject & TendersStorageVisionGreen MarineShipbuildingRules & RegulationRigs
K Line
Fossil Energy

Trio shakes hands on LNG vessel South Korea’s shipbuilding giant is bringing to life

Japan’s shipping player Kawasaki Kisen Kaisha (K Line) has made arrangements with Gail, India’s largest state-owned natural gas company, and J M Baxi Group (J M Baxi), its business partner in India, regarding ownership of a liquefied natural gas (LNG) carrier (LNGC), currently under construction.

about 7 months ago
Meeting between Karim Badawi, Minister of Petroleum and Mineral Resources, and delegation from Technip Energies, Enppi, and Petrojet; Source: Ministry of Petroleum and Mineral Resources - Egypt
Fossil Energy

Technip Energies and two Egyptian firms laying the groundwork to set up new player

Technip Energies has engaged in talks with Egypt’s government to establish a new company with two Egyptian firms, Enppi and Petrojet, to execute major projects and export engineering and contracting services.

about 7 months ago
Gail Bhuwan LNG carrier; Source: MOL
Fossil Energy

Japanese shipping giant and India’s gas player seal LNG vessel deal

LNG Japonica Shipping Corporation, a joint venture between Japan’s shipping giant Mitsui O.S.K. Lines (MOL) (74%) and India’s state-owned energy firm Gail (26%), has struck a long-term charter deal for a liquefied natural gas (LNG) carrier (LNGC) with Gail, which is primarily focused on natural gas.

about 7 months ago
FPSO Fast4Ward design; Source: SBM Offshore
Fossil Energy

Exclusive interview with SBM Offshore: South America anchors business growth, as West Africa emerges on FPSO horizon

SBM Offshore is keeping Brazil and Guyana as the core hub of its FPSO activity, while eyeing new opportunities in West Africa.

about 7 months ago
Rio Grande LNG terminal; Courtesy of NextDecade
Fossil Energy

ADNOC’s XRG steps up its US LNG game with additional stake in Texas’ $31.8 billion project

XRG, a subsidiary of Abu Dhabi National Oil Company (ADNOC), which entails Abu Dhabi Development Holding Company (ADQ) and global investment firm Carlyle, has augmented its interest in a liquefied natural gas (LNG) export project in Texas, United States (U.S.).

about 7 months ago
PSV Energy Empress; Source: Golden Energy Offshore Services (GEOS)
Fossil Energy

Norwegian shipowner bids farewell to two vessels

Norwegian vessel owner and operator Golden Energy Offshore Services (GEOS) has struck deals to divest two platform supply vessels (PSVs) from its fleet.

about 7 months ago
Darwin LNG terminal; Courtesy of Santos
Fossil Energy

First LNG cargo from Australia’s huge gas project on its way to Japan

Australian energy player Santos has achieved the first liquefied natural gas (LNG) cargo from its gas project off the coast of Australia’s Northern Territory, which is now en route to Japan.

about 7 months ago
Deal signed to progress cross-border Baltic Sea CCUS initiative
Fossil Energy

Deal signed to progress cross-border Baltic Sea CCUS initiative

A UK-Swedish partnership has been established to advance a cross-border carbon capture, utilization and storage (CCUS) initiative designed to accelerate industrial decarbonization across the Baltic Sea region. Under a memorandum of understanding (MoU), the UK’s Progressive Energy and Swedish Pipe58

about 7 months ago
Illustration of FPSO with full scale (100 MW) SOFC installation with integrated carbon capture; Source: MODEC
Fossil Energy

MODEC lays the groundwork for zero carbon FPSOs with partnership set on low-carbon offshore power solution

Japan’s MODEC has joined forces with Eld Energy, a Norwegian fuel cell system company, to pursue a scalable multi-MW power system for floating production, storage, and offloading (FPSO) units to enable them to fully run on zero-carbon power.

about 7 months ago
Man with a hardhat with words "Chevron" on it with an offshore rig in the background
Fossil Energy

Chevron’s drilling ops in Nigerian waters lead to new hydrocarbon discovery

Chevron Nigeria Limited (CNL), a subsidiary of the U.S.-headquartered Chevron and the operator of the Nigerian National Petroleum Company (NNPC)/CNL joint venture, has made a new hydrocarbon discovery off the coast of Nigeria, Africa.

about 7 months ago
EU flag; Credit: Adrijana Buljan, Editor-in-Chief at offshoreWIND.biz, Offshore-Energy.biz's sibling site
Fossil Energy

EU endorses ban on Russian pipeline gas and LNG imports

In a move to wean itself completely off Russian oil and gas imports, the European Union (EU) has given the green light for a ban on imports of pipeline gas and liquefied natural gas (LNG), with oil expected to follow suit in 2027.

about 7 months ago
Officials at the Coral Norte FLNG launching ceremony at Samsung Heavy Industries' Geoje Shipyard; Source: SHI
Fossil Energy

Eni secures multimillion-dollar loan for African FLNG project

The board of directors of the African Development Bank has signed off on a loan for a second floating liquefied natural gas (FLNG) project, which Italy’s energy giant Eni will develop in the supergiant Rovuma basin off the coast of Mozambique, Africa.

about 7 months ago
A jackup rig being transported on a vessel
Fossil Energy

African field days away from flipping oil production switch on almost 30 years after shutdown

Akrake Petroleum, a wholly-owned subsidiary of Lime Petroleum Holding, which is an 89.74% subsidiary of Singapore’s Rex International Holding, has updated its timeline for bringing back online an oil field off the coast of Benin that ceased production due to low oil prices in the late 1990s.

about 7 months ago
Rendering of a future LNG terminal
Fossil Energy

Italian firm dips its toes into LNG market by joining 25 mtpa project in Louisiana

Italy’s Tecnimont, Maire’s company focused on integrated engineering & construction (IE&CS) business, has made its first foray into the liquefied natural gas (LNG) market with a strategic deal with Argent LNG, a U.S.-based energy company dedicated to developing LNG export solutions, to participate a

about 7 months ago
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