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Fossil Energy

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Oil & GasBusiness Developments & ProjectsInterconnectorsLow-Carbon TransitionSubseaBusiness & FinanceCarbon Capture Usage & StorageCollaborationEnvironmentInfrastructureOutlook & StrategyProject & TendersTransitionVisionExploration & ProductionRigsPipesLiquefied Natural GasAuthorities & GovernmentRegulation & PolicyFPSO & Vessels
Two men standing next to each other
Fossil Energy

ADNOC secures fourth sales and purchase deal for Ruwais LNG

Abu Dhabi National Oil Company (ADNOC) has signed a liquefied natural gas (LNG) sales and purchase agreement (SPA) with Japan’s Osaka Gas.

about 1 year ago
Italy's Eni to off-take renewable energy from Albania via planned 1 GW subsea link
Fossil Energy

Italy’s Eni to off-take renewable energy from Albania via planned 1 GW subsea link

Italy’s energy major Eni has secured the status of a preferred off-taker of renewable energy transmitted from Albania to Italy through a planned 1 GW subsea interconnector by signing an agreement with Emirati partners. Eni’s Chief Executive Officer Claudio Descalzi has signed three collaboration agr

about 1 year ago
Chevron-operated Leviathan gas asset; Source: NewMed Energy
Fossil Energy

Chevron and partners seek additional capacity boost at Mediterranean gas field

Chevron and its partners in a giant natural gas field project off the coast of Israel have submitted an updated reservoir development plan to the Petroleum Commissioner at the Ministry of Energy and Infrastructures for an additional expansion of the field’s capacity.

about 1 year ago
Illustration; Source: ARO Drilling
Fossil Energy

New rig job lands on Seatrium’s table

Seatrium has emerged as the winner in an international tender from International Maritime Industries (IMI), said to be the largest shipyard in the Middle East and North Africa (MENA) region, for the supply of equipment and license for jack-up rig destined to work in the Middle East.

about 1 year ago
Al Shaheen field in Qatar; Source: North Oil Company (NOC)
Fossil Energy

UK player staying on duty at giant oil field offshore Qatar for five more years

EnerMech has landed a multi-year contract extension with North Oil Company (NOC), a joint venture between QatarEnergy (70%) and TotalEnergies (30%), for work at an oil asset, which is said to be the largest field off the coast of Qatar.

about 1 year ago
Valaris DPS-5 rig; Source: Lukoil
Fossil Energy

Valaris pensions off semi-sub trio, offloads jack-up, and picks up new drilling work for multiple rigs

Valaris has taken steps to optimize its rig fleet by deciding to put three semi-submersible units out of drilling work for good and divest a stacked jack-up rig. The rig owner has also won a new batch of drilling assignments spanning geographies.

about 1 year ago
Saad Sherida Al-Kaabi, Qatar’s Minister of State for Energy Affairs and President and CEO of QatarEnergy; Source: QatarEnergy
Fossil Energy

QatarEnergy’s CEO pins oil, gas, and renewables as ingredients of ‘resilient’ energy supply

While discussing the tools required to meet energy demands and move forward with the transition to low-carbon and green sources of supply, the CEO of QatarEnergy has emphasized the importance of diversifying the energy mix by feeding oil and gas alongside renewable energy to its global arsenal.

about 1 year ago
Tungsten Explorer drillship; Credit: Greg Williams
Fossil Energy

TotalEnergies and Eni sign on dotted line for Cyprus gas exports through Egypt

TotalEnergies and Eni have struck a deal with Cyprus and Egypt to develop a gas discovery named after the god of time in ancient Greek mythology by exporting the natural gas from the field off the coast of Cyprus through Egypt.

about 1 year ago
AD140 jack-up rig; Source: Arabian Drilling
Fossil Energy

Saudi and UAE rig owner duo pooling resources to widen offshore drilling horizons

Shelf Drilling has decided to join forces with Arabian Drilling to expand their offshore drilling footprint.

about 1 year ago
Valaris DS-12 drillship; Source: Valaris
Fossil Energy

BP boosts gas production from Mediterranean Sea as it fires up next chapter of giant project

BP has brought online the second development phase of a field at the West Nile Delta (WND) concession in the Mediterranean within the Egyptian Exclusive Economic Zone (EEZ).

about 1 year ago
ADNOC Gas' Das Island LNG facility; Source: HS Switchgear FZCO
Fossil Energy

$7-9 billion gas deal strengthens India-UAE LNG ties

ADNOC Gas has landed a multi-year liquefied natural gas (LNG) supply agreement worth billions with Indian Oil Corporation, fortifying energy bonds between the United Arab Emirates (UAE) and India.

about 1 year ago
Illustration; Source: ARO Drilling
Fossil Energy

Rig construction of third out of 20 planned newbuilds set in motion with ARO-IMI deal

As the ink dries on the contract between ARO Drilling and International Maritime Industries (IMI), it marks the opening of the construction chapter for a third in a series of 20 planned newbuild Saudi-operated and manufactured offshore jack-up rigs, which the offshore drilling player intends to depl

about 1 year ago
Leviathan; Source: NewMed Energy
Fossil Energy

Gas expansion on Chevron’s Mediterranean agenda with subsea pipeline works due by year-end

After hitting the brakes on the planned activities at a giant natural gas field expansion project off the coast of Israel as a result of the Israel-Gaza war in the Middle East, Chevron Mediterranean, a subsidiary of the U.S.-headquartered Chevron, has penciled in the end of the works on a third subs

about 1 year ago
Valaris DS-12 drillship; Source: Valaris
Fossil Energy

BP hits oil & gas pay in Mediterranean Sea

UK-headquartered energy giant BP has found more oil and gas in the northern Mediterranean within the Egyptian Exclusive Economic Zone (EEZ).

about 1 year ago
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