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Fossil Energy

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Low-Carbon TransitionOil & GasBusiness Developments & ProjectsOutlook & StrategyTransitionSubseaBusiness & FinanceCarbon Capture Usage & StorageInnovationResearch & DevelopmentTechnologyProject & TendersExploration & ProductionLiquefied Natural GasVessels & VehiclesVesselsEnergy TransitionGreen MarineAuthorities & GovernmentRegulation & PolicyRules & RegulationInfrastructureRigs
Aerial view of an LNG terminal
Fossil Energy

LNG as double engine for change: coal phaseout in Asia, net-zero gains worldwide

Liquefied natural gas (LNG) can play a key role in speeding up Asia’s transfer from coal to more renewable sources in power generation and help the region–and consequently, the world–meet its decarbonization objectives, a new study by S&P Global Commodity Insights (SPGCI) has found.

about 1 year ago
Illustration; Source: SLB
Fossil Energy

SLB rolls out suite of carbon storage offerings to step up decarbonization game

U.S.-headquartered technology player SLB has unveiled a full value chain carbon storage toolbox to enhance the advancement of the industrial decarbonization journey.

about 1 year ago
Several people standing in front of a vessel
Fossil Energy

Perenco deploying upcycled MOPU to oil field off Congo

The Congolese subsidiary of Anglo-French oil and gas player Perenco is building a new platform to be deployed at a license it operates offshore Congo.

about 1 year ago
Courtesy of DNO
Fossil Energy

Fourfold production uptick for DNO’s North Sea oil & gas business after Sval buy

Norwegian oil and gas operator DNO has brought Sval Energi, a compatriot company, into its fold, enlarging its North Sea portfolio and quadrupling its oil and gas production levels.

about 1 year ago
Two people inside an aluminum tank
Fossil Energy

GTT and HHI join forces to elevate LNG carrier tank design

South Korean shipbuilder HD Hyundai Heavy Industries (HD HHI) has signed two deals with French technological containment specialist Gaztransport & Technigaz (GTT) aimed at upgrading the design of liquefied natural gas (LNG) carriers.

about 1 year ago
MPSV Harvey Deep Sea; Source: Harvey Gulf International Marine
Fossil Energy

Oceaneering picks up subsea IMR and installation job for vessel in Gulf of Mexico

Oceaneering has secured a vessel services agreement with an undisclosed operator for the use of a 12-year-old multi-purpose supply vessel (MPSV) in the Gulf of Mexico.

about 1 year ago
DNV
Fossil Energy

Quadruple or quicksand? DNV report flags CCS at ‘critical’ juncture

The carbon capture and storage (CCS) sector is approaching a ‘decisive’ turning point, with global capacity on track to grow fourfold by 2030, Norway’s classification society DNV has highlighted in a new report. Up to the end of the decade, DNV has shared in its “Energy Transition Outlook: CCS to 20

about 1 year ago
Illustration of carbon capture and storage process; Courtesy of Norwegian Offshore Directorate
Fossil Energy

New North Sea CO2 storage exploration permit has Equinor’s name on it

Equinor has been offered an exploration license for CO2 storage in the North Sea, marking the eighth time acreage has been awarded for this purpose on the Norwegian Continental Shelf (NCS).

about 1 year ago
Topsides being transported on a vessel
Fossil Energy

Giant Kiewit-built structure en route to Cenovus’ project off Newfoundland

Topsides for an offshore platform operated by Canada’s oil and gas company Cenovus Energy have begun their journey from Kiewit’s facility in Texas to their destination offshore Newfoundland.

about 1 year ago
Rendering of Rio Grande LNG; Source: NextDecade
Fossil Energy

$9 billion deals for US LNG project land on Bechtel’s worksheet in Lone Star State

NextDecade Corporation has revealed a price change for a previous contract and a new multibillion-dollar deal with Bechtel Energy, an American engineering, procurement, construction, and project management company, enabling the U.S. contractor to handle work on two trains for a liquefied natural gas

about 1 year ago
Transocean Equinox, former Songa Equinox; Credit: ALP Maritime
Fossil Energy

ConocoPhillips pinpoints potential drilling sites for 2025 two-well gas search

ConocoPhillips has revealed three possible drilling locations for its two-well gas exploration campaign in the Otway Basin off the coast of Australia.

about 1 year ago
FSRU Independence in Klaipėda; Source: Höegh Evi, former Höegh LNG
Fossil Energy

Baltic CO2 storage project gets EU funding

The European Commission has signed a grant agreement with Lithuanian liquefied natural gas (LNG) terminal operator KN Energies (KN) for technical and commercial studies for a planned CO2 terminal in Klaipėda, Lithuania.

about 1 year ago
Karratha gas plant; Courtesy of Woodside
Fossil Energy

Talks about 40-year continuation of Australia’s mega gas project draw out

Woodside Energy, has made arrangements with the federal government to continue discussions about the proposed requirements for environmental approval of a lifespan extension for its mega gas project off the Australian coast, enabling it to run until 2070.

about 1 year ago
Viking CCS project; Source: Harbour Energy
Fossil Energy

UK throws support behind carbon capture and storage pair set to unlock $34 billion by 2035

Offshore Energies UK (OEUK), has deemed the UK’s backing of carbon capture, usage, and storage (CCUS) projects as an important step for the domestic offshore energy industry, as the country works to bankroll its transition from oil and gas to low-carbon technology.

about 1 year ago
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