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Fossil Energy

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Iain Lewis, Ithaca's Interim CEO; Source: Ithaca Energy
Fossil Energy

As its CEO steps down, Ithaca picks interim one

Ithaca Energy has decided to appoint an interim Chief Executive Officer (CEO) until its search for a new one can be completed, following the resignation of its current CEO.

about 2 years ago
The entire energy transition needs metals increasingly, says Allseas' Pieter Heerema
Fossil Energy

The entire energy transition needs metals increasingly, says Allseas’ Pieter Heerema

To combat climate change, the energy mix must shift from a mix that is dominated by fossil fuels, oil & gas, coal, to an energy mix that depends more on clean energy production methods. The good thing is that everyone is committed to achieving this goal. The challenge that comes with this is that a

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about 2 years ago
Illustration; Source: International Energy Agency (IEA)
Fossil Energy

Oil & gas alongside green and low-carbon energy: Will such a compass lead the world astray or steer it in the right direction?

Should the world aim for a balancing act to satisfy both energy security and green future aspirations or pick just one?

about 2 years ago
Lerwick Harbour
Fossil Energy

Britain’s port becoming ‘main’ marine support hub for development of giant oil & gas field

Lerwick Harbour, situated at the crossroads of the North Sea and North-east Atlantic, has been tasked with servicing Equinor’s first development phase of a controversial oil and gas field located on the UK Continental Shelf (UKCS).

about 2 years ago
Norwegian Offshore Directorate
Fossil Energy

With more responsibilities on its plate, Norwegian Petroleum Directorate gets new name

The Norwegian Petroleum Directorate (NPD) has changed its name to the Norwegian Offshore Directorate (NOD).

about 2 years ago
Illustration. Source: Deltic Energy
Fossil Energy

UK firm cheers certification of its carbon neutral status

Deltic Energy has been certified as a carbon neutral business by Carbon Neutral Britain. This certification will require renewal on an annual basis.

about 2 years ago
Illustration; Source: Türkiye Petrolleri A.O. (TPAO)
Fossil Energy

No natural gas shortage in sight, as Türkiye plans to boost storage capacity while upgrading its facility to run on renewables

Türkiye is taking steps to scale up its natural gas storage capacity and slash greenhouse gas emissions with renewables.

about 2 years ago
Report: Production starts at Russia’s Arctic LNG 2 despite US sanctions
Fossil Energy

Report: Production starts at Russia’s Arctic LNG 2 despite US sanctions

Russia’s liquefied natural gas (LNG) producer Novatek has begun production at its Arctic LNG 2 project despite U.S. sanctions, media company Bloomberg reported. According to Bloomberg, Russia’s Deputy Prime Minister Alexander Novak said in an interview with the state-run Rossiya 24 TV channel that t

about 2 years ago
DOF vessel to stay offshore Philippines until end of 2027
Fossil Energy

DOF vessel to stay offshore Philippines until end of 2027

DOF Group has signed a contract extension with Prime Energy Resources Development for a multipurpose platform supply vessel (MPSV) that is working offshore Philippines. Prime Energy has extended the contract for the provision of the MPSV Skandi Hawk to the end of 2027. DOF has been providing MPSV an

about 2 years ago
Dover is a planned subsea tie-back to Appomattox, a Shell-operated production hub in the U.S. Gulf of Mexico; Source: Shell
Fossil Energy

Round up: Major multi-billion oil & gas projects greenlighted in 2023

While multiple new oil and gas projects were sanctioned throughout 2023, the top eight ones are listed in this article.

about 2 years ago
Illustration; Source: Westwood
Fossil Energy

2024 offshore drilling outlook: Westwood’s top three predictions for rig market

Westwood Global Energy, an energy market research and consultancy firm, has outlined its top three predictions for 2024.

about 2 years ago
Events in the subsea sector that marked 2023
Fossil Energy

Events in the subsea sector that marked 2023

As we gradually shift our focus on the new year and on what lies ahead in the offshore energy industry in 2024, let’s give a last look to 2023 to pay tribute to this very eventful year. Unfortunately, the year was marked with a number of dark events, with the Balticconnector offshore gas pipeline in

about 2 years ago
DIMATE’s tech to enhance inspection processes, hydrogen industry in focus
Fossil Energy

DIMATE’s tech to enhance inspection processes, hydrogen industry in focus

Software technology company DIMATE is making its way into the clean energy services industry, including carbon capture and hydrogen, with its PACS (picture archiving and communication system) solution for end-to-end digitization of test processes on safety-relevant components with integration into c

about 2 years ago
FPSO Prosperity working at ExxonMobil's third oil project on the Stabroek Block offshore Guyana; Source: ExxonMobil
Fossil Energy

Mergers and acquisitions: Blockbuster oil & gas market consolidation moves in 2023

The oil and gas industry become a hotspot for multi-billion mergers and acquisitions in 2023 while hinting at further consolidation in the fossil fuel machinery.

about 2 years ago