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Fossil Energy

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Illustration; Source: ADNOC Drilling
Fossil Energy

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
Boskalis' vessels working in Oman; Source: Boskalis
Fossil Energy

Boskalis vessels ‘spot hunting’ to clear the way for new LNG terminal

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Boskalis has deployed a set of dredgers and other vessels from its fleet in the Middle East to lay the groundwork for the creation of a new liquefied natural gas (LNG) terminal in the port of Sohar, bringing Oman closer to turning its dreams of housing the first LNG bunkering hub in the Middle East

about 1 year ago
Illustration; Source: Saudi Aramco
Fossil Energy

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
Rendering of Louisiana LNG terminal
Fossil Energy

Aramco eyes joining Woodside’s recently okayed US LNG project

Australia’s energy giant Woodside Energy has signed a non-binding collaboration agreement with Saudi Arabia’s energy heavyweight Aramco to explore global opportunities.

about 1 year ago
Noble Discoverer rig; Source: Noble
Fossil Energy

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
Aerial view of an offshore rig with a smaller vessel next to it
Fossil Energy

Valaris-Aramco JV racks up jackup quintet extensions

Saudi Arabia’s energy heavyweight Aramco has handed out a multi-year agreement extension for five offshore drilling jack-up rigs to ARO Drilling, its 50/50 joint venture with Valaris.

about 1 year ago
An aerial view of an island
Fossil Energy

ADNOC Drilling clinches $806M deal for next-gen rig trio

UAE-based ADNOC Offshore has handed out a contract to its sister company ADNOC Drilling for three island rigs to support expanding operations at a development project offshore Abu Dhabi.

about 1 year ago
TotalEnergies breaks ground on Middle East’s first LNG bunkering hub
Fossil Energy

TotalEnergies breaks ground on Middle East’s first LNG bunkering hub

French energy giant TotalEnergies and Oman’s OQ Exploration and Production (OQEP) have kicked off construction of the Marsa LNG plant in the port of Sohar, taking the next step toward establishing the Middle East’s first LNG bunkering hub.

about 1 year ago
Illustration; Source: Offshore Energies UK (OEUK)
Fossil Energy

Oil, gas, and LNG weaving energy security web

The winds of change are still gathering speed as they blow across the global energy industry, but they have not managed to dislodge oil and natural gas from their top spots in the energy mix. These fossil fuels, alongside LNG, are still keeping their finger on the pulse of the worldwide energy secur

14 minutes read
Illustration; Source: Rystad Energy
Fossil Energy

Fossil fuels are here to stay just like their greener brethren

The wheels of the global energy mix continue to turn, making changes to the fossil fuel-dominated scenery more visible with new pathways being forged to push decarbonization forward and accommodate emerging energy supply sectors. Regardless, the previous year still brought multiple updates on steps

12 minutes read
After Algeria and Brazil, Vallourec going to Kuwait
Fossil Energy

After Algeria and Brazil, Vallourec going to Kuwait

French provider of tubular solutions Vallourec has secured a contract with Kuwait Oil Company (KOC) for the supply of oil country tubular goods (OCTG) for drilling operations. The contract is seen as major and represents over $130 million in potential revenue. The agreement includes the supply of ca

about 1 year ago
Illustration; Source: Offshore Energies UK (OEUK)
Fossil Energy

Decarbonization: Oil & gas industry’s biggest challenge

There is no denying that the oil and gas industry faces multiple challenges, however, Global Data has selected the pressure to decarbonize and diversify products as the largest, driven by climate concerns and increasing carbon taxes imposed by governments, which is perceived to threaten oil and gas

about 1 year ago
Illustration; Source: TotalEnergies
Fossil Energy

Step on the gas, pretty please

Developments in 2024 hammered home the enduring nature of oil, gas, and liquefied natural gas (LNG) projects and the progress made in developing new ones and extending the lifetimes of older ones.

about 1 year ago
An LNG terminal
Fossil Energy

ADNOC inks LNG deal with Indian player

ADNOC Trading, an affiliate of Abu Dhabi National Oil Company (ADNOC), has signed a liquefied natural gas (LNG) trading supply agreement with India’s Hindustan Petroleum Corporation Limited (HPCL), a unit of the state-owned Oil & Natural Gas Corporation (ONGC).

about 1 year ago