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Low-Carbon Transition

Jan De Nul making headway on landmark $3.8B Middle Eastern interconnection project

Jan De Nul has completed the installation of a portion of cables for what is described as the first-of-its-kind HVDC submarine cable project in the Middle East and North Africa (MENA) region, set to connect ADNOC’s offshore operations to TAQA’s clean onshore power network. Abu Dhabi National Oil Com

about 1 year ago

Low-Carbon Transition

AI and clean tech enabling oil boost and emission cuts at world’s second largest offshore field

ADNOC has decided to move forward with a phased development plan to expand a giant offshore oil field, increasing output through new technologies while curbing greenhouse gas (GHG) emissions to ensure more sustainable operations.

about 1 year ago

Low-Carbon Transition

Prospective North Sea CCS sites sought to ‘turbocharge’ UK’s path to net zero

UK regulator the North Sea Transition Authority (NSTA) has called on interested parties to submit their proposals for potential carbon storage locations in the North Sea.

about 1 year ago

Low-Carbon Transition

Aramco goes on contracting spree as US players split its $90 billion cake into 34 slices

Aramco, Saudi Arabia’s energy heavyweight, has dished out multiple deals spanning liquefied natural gas (LNG), fuels, chemicals, emission-reduction technologies, artificial intelligence (AI), and other digital solutions, manufacturing, asset management, short-term cash investments, and procurement o

about 1 year ago

Low-Carbon Transition

Saipem, Baker Hughes, Halliburton and SLB collect almost $1.5 billion in profit

Against the backdrop of supply chain challenges, elevated prices, trade wars, and geopolitical and economic pressures, four oilfield services giants – Italy’s Saipem and U.S.-headquartered Baker Hughes, Halliburton, and SLB – have reported a combined profit of $1.49 billion in the first quarter of 2

about 1 year ago

Low-Carbon Transition

Germany’s next LNG terminal chapter nearly all-set to go live

Deutsche Energy Terminal (DET), part of the German Federal Ministry for Economic Affairs and Climate Action and a state-owned operator of four liquefied natural gas (LNG) terminals, is closing in on the start-up of Germany’s second terminal in Wilhelmshaven.

about 1 year ago

Low-Carbon Transition

Eni boosts its gas arsenal with start-up of another offshore project

Italy’s energy giant Eni has brought online a natural gas field as a subsea tie-back to its floating production unit (FPU) in the Kutei Basin off the coast of Indonesia.

about 1 year ago

Deepsea Stavanger rig; Source: Odfjell Drilling

Low-Carbon Transition

Drilling ops yield fertile ground for carbon storage in North Sea

Equinor Low Carbon Solutions, a subsidiary of Norway’s state-owned energy giant Equinor, has drilled two appraisal wells in the Norwegian sector of the North Sea, which are said to possess suitable properties for the injection and storage of carbon dioxide (CO2).

about 1 year ago

Low-Carbon Transition

Transocean, Noble, Valaris, Seadrill, ADES, and Shelf Drilling get hold of $31 billion backlog: Is rig demand tapering off?

Transocean, Noble Corporation, Valaris, Seadrill, Shelf Drilling, and ADES have reported a combined total backlog of $31.17 billion in the first quarter of 2025.

11 minutes read

Chevron recently brought online a subsea tie-back to the Blind Faith platform; Source: Chevron

Low-Carbon Transition

Shell, BP, TotalEnergies, Eni, Equinor, ExxonMobil, Chevron, and ConocoPhillips score $29 billion

Shell, BP, TotalEnergies, Equinor, Eni, ExxonMobil, Chevron, and ConocoPhillips have managed to come on top yet again, displaying the resilience of the energy sector with performance and quarterly results that show a combined profit of about $29 billion.

about 1 year ago

FPSO Fast4Ward design; Source: SBM Offshore

Low-Carbon Transition

SBM Offshore’s Suriname-bound FPSO for TotalEnergies $12.2B oil project starts taking shape

TotalEnergies is making strides in the development of the first-ever offshore oil field in Suriname. Progress has also been achieved in the construction of a floating production, storage, and offloading (FPSO) vessel destined for this project.

about 1 year ago

Low-Carbon Transition

Yinson Production’s FPSO with carbon reduction kit ticks pit stop off its list as voyage to Angola continues

Yinson Production has confirmed a brief stopover in Namibia, following which its floating production, storage, and offloading (FPSO) vessel, sporting carbon capture technology to decarbonize operations, is slated to reach Angolan waters in mid-May 2025.

about 1 year ago

Illustration; Source: North Sea Transition Authority (NSTA)

Low-Carbon Transition

Exclusive interview: Balancing act between energy security and decarbonization unlocking oil & gas resilience

Sulzer has pointed out the operators’ need to pursue decarbonization tools to ensure cleaner production and more efficient operations, maximizing productivity and enhancing sustainability to tackle the climate change ticking time bomb and come to grips with energy security challenges.

about 1 year ago

Low-Carbon Transition

Allseas on offshore pipelay duty as Porthos takes over North Sea gas assets for CCS revamp

Allseas is putting an offshore pipeline in place for a development that aims to become the first offshore CO2 transport and storage project in the European Union (EU).

about 1 year ago