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Fossil Energy

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Illustration; Source: International Energy Agency (IEA)
Fossil Energy

Projections of peak oil, gas, and coal demand before 2030 deemed ‘extremely risky and impractical’

OPEC, a permanent intergovernmental organisation of 13 oil-exporting developing nations that coordinates and unifies the petroleum policies of its members, is convinced that the recent assertions about the fossil fuels – coal, oil, and gas – demand peaking before 2030 are not supported by “consisten

about 3 years ago
21 carbon storage licenses awarded in UK’s landmark licensing round
Fossil Energy

21 carbon storage licenses awarded in UK’s landmark licensing round

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A total of 14 companies have been awarded 21 licenses in the UK’s first-ever carbon storage licensing round – said to have the potential to store almost 10% of UK greenhouse gas emissions. The North Sea Transition Authority (NSTA) announced on 15 September that 14 companies had accepted licenses in

about 3 years ago
ConocoPhillips books regasification capacity at Gate LNG terminal
Fossil Energy

ConocoPhillips books regasification capacity at Gate LNG terminal

U.S. energy major ConocoPhillips has signed a long-term commercial agreement to secure additional regasification capacity in Europe at the Gate LNG terminal in the Netherlands. The 15-year throughput deal for approximately 1.5 million tons per annum (mtpa) or 2 bcm equivalent is expected to begin in

about 3 years ago
SBM Offshore's Fast4Ward FPSO design; Source: SBM Offshore
Fossil Energy

On mission to decarbonise FPSO ops, SBM Offshore and MHI offer CO2 capture solution

SBM Offshore has joined forces with Japan’s Mitsubishi Heavy Industries Ltd. (MHI) to offer a CO2 capture solution for a floating production, storage, and offloading (FPSO) vessels while they produce oil and gas from offshore reservoirs.

about 3 years ago
Illustration/Offshore energy crew preparing to install MeyGen tidal energy turbine off Scotland (Courtesy of SIMEC Atlantis)
Fossil Energy

UK: Offshore energy jobs could double by 2030 if successful transition from fossils to renewables is achieved

A new report by Robert Gordon University has found that the UK offshore energy workforce can increase by up to 50% from over 150,000 in 2023 to 225,000 by the end of the decade with new renewable jobs outnumbering oil and gas roles if a successful transition is achieved.

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

BP cheers stamp of approval for oil & gas project in North Sea

BP has received the green light from Britain’s government to proceed with its proposed development of an oil and gas field in the UK sector of the North Sea.

about 3 years ago
Putin visits Zvezda complex, attends naming of Sovcomflot LNG carrier
Fossil Energy

Putin visits Zvezda complex, attends naming of Sovcomflot LNG carrier

Russia’s President Vladimir Putin has visited the Zvezda Shipbuilding Complex, located in Bolshoi Kamen, Primorsky Territory, taking part in the naming ceremony of two reinforced ice-class carriers. The first vessel, the shuttle tanker, built by the order of Rosnefteflot, was named after the Soviet

about 3 years ago
ACE topsides installation; Source: Mammoet
Fossil Energy

Mammoet done with jacking, load-out and float-over job for BP’s Caspian Sea platform – gallery

Mammoet has performed jacking, load-out and float-over operations for a 19,600-tonne offshore platform destined for BP’s project in the Caspian Sea, offshore Azerbaijan.

about 3 years ago
Aker BP's Valhall PWP – Fenris; Source: ProSep
Fossil Energy

ProSep gets work on Aker BP’s new North Sea platform

ProSep has secured a contract for produced water treatment on Aker BP’s new central processing and wellhead platform (PWP) in the North Sea off Norway.

about 3 years ago
Cambo FPSO design; Source: Sevan SSP
Fossil Energy

Ithaca buying Shell’s stake in UK’s ‘second largest undeveloped oil and gas discovery’

Shell has wrapped up a marketing process with Ithaca Energy for its interest in the controversial Cambo offshore development.

about 3 years ago
Bernard Looney, BP's outgoing CEO; Source: BP
Fossil Energy

After its CEO steps down, BP puts current CFO in charge on interim basis

BP has decided to appoint its current CFO as its interim Chief Executive Officer, following the resignation of Bernard Looney from the role.

about 3 years ago
PSV Energy Swan; Source: Golden Energy
Fossil Energy

Repsol hires Golden Energy Offshore’s vessel for more work

Golden Energy Offshore Services (GEOS) has secured a new contract for one of its platform supply vessels (PSVs) with Repsol Norge, a subsidiary of Spain’s Repsol.

about 3 years ago
Illustration; Credit: Morten Berentsen/NPD
Fossil Energy

Norway wants to see oil & gas and renewables ‘thriving’ side-by-side

The Norwegian Petroleum Directorate (NPD) has underlined the importance of the coexistence of multiple energy industries on the NCS.

about 3 years ago
Petroleum Safety Authority Norway (PSA)
Fossil Energy

Norwegian regulator rebranding to reflect existing and emerging offshore industries

Norwegian offshore safety regulator, the Petroleum Safety Authority Norway (PSA), is changing its name to the Norwegian Ocean Industry Safety Authority (Noisa).

about 3 years ago