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Fossil Energy

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Fossil Energy

French-Dutch cooperation targets CCUS

France-headquartered CGG and Dutch C-Questra have signed a commercial cooperation agreement in carbon capture, utilization, and sequestration (CCUS). “The purpose of the cooperation agreement is quite simply to go much faster. CGG contributes human and technological resources, while C-Questra implem

about 2 years ago

Fossil Energy

ADNOC expands its carbon management footprint by investing in Storegga

ADNOC has made its first international equity investment foray in carbon management by becoming a lead investor in Storegga.

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about 2 years ago

Fossil Energy

Castrol: Will hydraulic systems bridge shift to all-electric subsea oil & gas production?

Castrol, part of the BP group, has provided its take on whether hydraulic systems will be thrown out with the all-electric subsea production bathwater.

about 2 years ago

Fossil Energy

Equinor’s H2M Eemshaven project to reform natural gas to hydrogen with CCS

Norwegian energy major Equinor and global industrial gases and engineering company Linde have signed a project development agreement to work as partners on the H2M Eemshaven low-carbon hydrogen project in the Netherlands. Equinor’s H2M Eemshaven project aims to build a production facility in the Eem

about 2 years ago

Polish firm becomes operator of only Barents Sea CO2 exploration license

Fossil Energy

Only Barents Sea CO2 exploration license gets new operator

The Norwegian Ministry of Energy has approved PGNiG Upstream Norway (PUN), part of Poland’s ORLEN Group, as operator and partner with Horisont Energi in the only CO2 storage located in the Barents Sea. Horisont Energi and PUN announced a sales purchase agreement on December 11, 2023, making PUN a li

about 2 years ago

Fossil Energy

KN takes over commercial management of four German LNG terminals

Lithuanian energy terminal operator Klaipedos Nafta (KN) has secured the public tender for the commercial management of four German liquefied natural gas (LNG) terminals on the North Sea coast. Specifically, the company has signed a contract with German state-owned Deutsche Energy Terminal (DET), wh

about 2 years ago

Fossil Energy

First oil gushes out of ONGC’s deepwater development

India’s ONGC has achieved the first oil from a deepwater block off the coast of the Bay of Bengal, which is said to be the largest bay water region in the world.

about 2 years ago

Fossil Energy

Wheels in motion to prolong BW Offshore FPSO’s North Sea gig

BW Offshore has confirmed the lay of the land for the extension of a contract for an FPSO vessel beyond the currently fixed term.

about 2 years ago

Deepsea Bollsta rig, formerly known as West Bollsta (for illustration purposes); Source: Odfjell Drilling

Fossil Energy

December brings international offshore rig count activity to a standstill

Baker Hughes’ rig count report shows that no new rigs joined the working fleet in December 2023.

about 2 years ago

Fossil Energy

Clarksons: 2023 a positive year for shipping as China delivers 50% of shipbuilding output

Seaborne trade has witnessed a notable uptick in 2023, registering a 3% increase to a $12.4 billion, according to data from Clarksons Research. The global maritime landscape further unveils a 3% growth in the world fleet, reaching an 2.3 billion deadweight tons (dwt). Despite this expansion, the new

about 2 years ago

Fossil Energy

Vitol and GAIL pen long-term LNG supply deal into India

Vitol Asia, a unit of a Switzerland-based energy and commodities company Vitol, and GAIL (India), the largest natural gas supplier under India’s Ministry of Petroleum and Natural Gas, have signed a deal for the annual supply of approximately one million metric tons of LNG for a period of approximate

about 2 years ago

Fossil Energy

Höegh LNG to continue providing FSRU services in Colombia

Norwegian owner and operator of LNG carriers and FSRUs Höegh LNG has extended and expanded its services to LNG import terminal Sociedad Portuaria el Cayao (SPEC LNG) in Cartagena, Colombia. Höegh LNG said the agreement with SPEC enables continuity and increase of energy supply through at least 2031,

about 2 years ago

Fossil Energy

BP tucks oil production milestone under its belt at Caspian Sea platform

BP has achieved 1 billion barrels of total oil production from its operated platform in the Caspian Sea off the coast of Azerbaijan.

about 2 years ago

Fossil Energy

Huisman: Translating digitalization to added value for customer is essential

“A lot of people talk about digitalization, but digitalization is not a purpose in itself, but it can be an enabler to meet changing customer demands,” said Maaike de Rover, Program Manager Digitalization, Huisman. During the Huisman session at the Offshore Energy Exhibition & Conference (OEEC) 2023

about 2 years ago