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Fossil Energy

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TGE pressing on with construction of third LNG tank at Świnoujście
Fossil Energy

TGE pressing on with construction of third LNG tank at Świnoujście

TGE Gas Engineering, an EPC contractor for the storage and handling of liquefied gases, is advancing the construction of the third LNG tank as part of the expansion project of the LNG terminal in Świnoujście, Poland. TGE Gas is building the LNG tank in consortium with Polish construction company POR

about 3 years ago
Illustration; Source: International Energy Agency (IEA)
Fossil Energy

Report: Fossil fuel age not running out of gas, as production ramp-up undermines net-zero transition

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  • 2045

A new report warns that plans to scale up fossil fuels threaten net-zero targets, derailing the transition to a sustainable future in line with the 1.5°C warming limit.

about 3 years ago
Depsea Yantai rig; Source: Odfjell Drilling
Fossil Energy

Vår Energi gearing up to spud two North Sea wells

Vår Energi has secured a drilling permit to spud two wildcat wells in the North Sea, using one of Odfjell Drilling-managed rigs.

about 3 years ago
Ocean GreatWhite at Kishorn Port back in 2019; Source: Kishorn Port
Fossil Energy

Diamond Offshore spots signs of ‘strong and lasting upcycle’ as its rigs land new jobs in UK

Diamond Offshore Drilling is optimistic about the future after winning more assignments for its rig fleet in the UK during the third quarter of 2023.

about 3 years ago
Valaris 121 rig; Source: Valaris
Fossil Energy

Valaris anticipates ‘meaningfully’ higher profits in next two years, as rig market tightens further

Valaris has recorded a strong operational and financial performance during the third quarter of 2023, thanks to a rise in rig demand and day rates.

about 3 years ago
Offshore Energies UK (OEUK)
Fossil Energy

As UK pledges more oil & gas licensing opportunities, calls emerge to supercharge renewables instead

Britain’s government is putting the wheels into motion to embrace more hydrocarbons with open arms by opening new licensing opportunities to ensure energy security while hoping to unlock more green investments in the process.

about 3 years ago
Eni and Snam unveil Italy’s first carbon capture and storage project
Fossil Energy

Eni and Snam unveil Italy’s first carbon capture and storage project

Italy’s oil and gas giant Eni and energy infrastructure operator Snam have launched the first carbon capture and storage (CCS) project in Italy. Eni CEO Claudio Descalzi and Snam CEO Stefano Venier signed an agreement on December 19, 2022, to jointly develop and manage Phase 1 of the Ravenna CCS Pro

about 3 years ago
ETAP facility in the North Sea; Source: BP
Fossil Energy

BP brings on stream first oil & gas tie-back to its UK North Sea hub in 20 years

BP has started production from a field in UK waters, which was developed by Neptune Energy and connected to the oil major’s 25-year-old Eastern Trough Area Project (ETAP) hub, reusing some existing subsea infrastructure.

about 3 years ago
New carbon capture firm to enter UK market
Fossil Energy

New carbon capture firm to enter UK market

Aberdeen-based Amplus Energy Services is entering the carbon capture sector with a multi-million-pound investment in a Norwegian carbon capture company which will see the creation of a new UK carbon capture business. Amplus Energy announced it was investing seven figures in the Norwegian carbon capt

about 3 years ago
Gina Krog field in the North Sea; Source: Ole Jørgen Bratland/Equinor
Fossil Energy

After Shelf Drilling rig hits gas in North Sea, production start-up on the cards by year-end

Equinor has made a new gas discovery in the North Sea, using one of Shelf Drilling’s jack-up rigs.

about 3 years ago
Finland’s Inkoo FSRU receives second LNG cargo from Gasum after Balticconnector incident
Fossil Energy

Finland’s Inkoo FSRU receives second LNG cargo from Gasum after Balticconnector incident

Following rupture and shutdown of the Balticconnector gas pipeline in early October, Finland’s Inkoo FSRU terminal has received second LNG cargo from Gasum. According to Gasum, the cargo arrived on November 5 and unloading to the FSRU has started where the LNG will be regasified and fed into the Fin

about 3 years ago
Illustration; Source: Energy Maritime Associates (EMA)
Fossil Energy

With orders set to reach $173 billion, ‘robust’ demand in store for FPSO, FLNG and other floating production units

New report predicts a boost in demand, with orders reaching up to $173 billion for 168 floating production units within the next five years.

about 3 years ago
Nokia firm delivers subsea tech for Equinor's oil project
Fossil Energy

Nokia firm delivers subsea tech for Equinor’s oil project

Alcatel Submarine Networks (ASN), part of Nokia, has delivered subsea control cable infrastructure for an Equinor-operated field recently brought on stream. ASN has supplied, installed, and pre-commissioned DC/FO subsea control cable infrastructure, which provides high electrical power and fiber con

about 3 years ago
Yara Eyde
Fossil Energy

In focus: Major renewable energy, clean fuel updates from the Nordic region

Major energy transition-related updates came from Nordic countries this week. An energy island for large-scale green hydrogen and offshore wind production has been proposed in Åland (Finland). Denmark has just selected winners of its first Power-to-X tender. The first containership to be powered by

about 3 years ago