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Fossil Energy

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Main Pass I jack-up rig; Source: Shelf Drilling
Fossil Energy

After rig suspension, Shelf Drilling releases 42-year-old jack-up from active duty

Shelf Drilling has decided to remove its 1982-built jack-up rig from active service, following a recent suspension of operations in the Middle East.

about 1 year ago
Two men sitting behind a desk signing documents
Fossil Energy

Third formal deal sealed for ADNOC’s mega LNG project

Abu Dhabi National Oil Company (ADNOC) has signed a sales and purchase agreement (SPA) with Germany’s energy supply company EnBW Energie Baden-Württemberg (EnBW) for gas from its lower-carbon Ruwais liquefied natural gas (LNG) project. The deal for supplying 0.6 million tonnes per annum (mtpa) of LN

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about 1 year ago
Zohr field; Source: Eni
Fossil Energy

BP and ADNOC’s XRG bring new gas player into existence

BP and ADNOC, through its recently established investment arm, XRG, have given birth to Arcius Energy, a new regional gas platform, with an initial focus on the development of gas assets in Egypt.

about 1 year ago
FSRU Energos Eskimo; Source: Energos Infrastructure
Fossil Energy

US firm’s FSRU embarking on decade-long job in summer

U.S. energy infrastructure player New Fortress Energy (NFE) has confirmed a new multi-year assignment for a floating storage and regasification unit (FSRU), which has been booked by Egypt’s state-owned Egyptian Natural Gas Holding Company (EGAS). Shortly after EGAS revealed a deal to lease an undisc

about 1 year ago
Subsea7 filling out 2026 offshore agenda with Aramco and Shell contracts
Fossil Energy

Subsea7 filling in 2026 offshore agenda with Aramco and Shell contracts

Subsea7 has secured two contracts, one with Saudi Arabia’s energy heavyweight Aramco and the other with UK energy giant Shell, for the delivery of subsea infrastructure in Saudi Arabia and the Gulf of Mexico. The long-term agreement with Aramco is seen as substantial, meaning it is worth between $15

about 1 year ago
Illustration; Source: QatarEnergy
Fossil Energy

Multi-vessel deal sets the seal on QatarEnergy’s massive LNG shipbuilding quest

QatarEnergy has crossed the finish line for its historic LNG fleet expansion program by inking long-term time charter party (TCP) agreements with the joint venture (JV) of Japan’s Mitsui O.S.K Lines Ltd. (MOL) and China’s COSCO Shipping LNG Investment (Shanghai) Co. Ltd. (CSLNG) for six QC-Max size

about 1 year ago
Gas leak at Nord Stream 2 pipeline as seen from a Danish F-16 interceptor near Bornholm, Denmark on 27 September 2022.
Fossil Energy

Hybrid warfare paints ‘gray zone’ targets on shipping and offshore energy infrastructure

With the swift surge in geopolitical upheavals, a rising tide of offshore security risks is playing out across the globe, putting vessels, undersea cables, and offshore oil and gas installations in danger of increasingly becoming sitting ducks for “gray zone” attacks, which WTW interprets as actions

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

US-Qatar oil & gas ties are ‘win-win’ but EU’s green agenda bound to cause exodus, QatarEnergy’s CEO warns

QatarEnergy’s CEO has pinpointed the potential detriments the EU’s new sustainability rules may bring, including energy security woes for the top global liquefied natural gas (LNG) import market, given the high penalties gas and LNG importing club members.

about 1 year ago
A woman and a man standing and holding files with ADNOC's logo on them
Fossil Energy

ADNOC and Petronas firm up deal for 15 years’ worth of LNG from Ruwais

Abu Dhabi National Oil Company (ADNOC) has signed a sales and purchase agreement (SPA) with Malaysia’s state-owned energy player Petronas for the supply of liquefied natural gas (LNG) from the Ruwais LNG plant.

about 1 year ago
An offshore platform with a large vessel surrounded by several smaller vessels next to it
Fossil Energy

Shell and QatarEnergy team up to supply China with LNG

Two energy giants, Qatar’s state-owned QatarEnergy and UK-headquartered Shell, have inked a new long-term sale and purchase agreement (SPA) with an undisclosed client to deliver liquefied natural gas (LNG) to China.

about 1 year ago
Rendering of the Ruwais LNG concept design; Source: ADNOC
Fossil Energy

$80 billion ‘powerhouse’ makes its entrance on energy stage with gas, low-carbon tools, and chemicals in mind

ADNOC has unveiled XRG, a low-carbon energy, natural gas, and chemicals investment company with an enterprise value of over $80 billion, which is envisioned to power the world with lower-emission energy to enable a more sustainable energy future.

about 1 year ago
Chinese shipbuilder hands over first 175,000 cbm LNG carrier to ADNOC L&S
Fossil Energy

Chinese shipbuilder hands over first 175,000 cbm LNG carrier to ADNOC L&S

ADNOC Logistics & Services (ADNOC L&S) has taken delivery of the first newbuild LNG carrier from Jiangnan Shipyard in China.

about 1 year ago
LIVE BLOG: Offshore Energy Exhibition & Conference 2024
Fossil Energy

LIVE BLOG: Offshore Energy Exhibition & Conference 2024

Welcome to the Live Blog! That’s a wrap! As OEEC 2024 comes to a close, Navingo invites all attendees to join for the final celebration! After two dynamic days of exploring innovations in the offshore energy sector, it’s time to relax, reflect and network over drinks and bites. Join us at the Stage

12 minutes read
Illustration; Source: Rystad Energy
Fossil Energy

Powering oil & gas production with renewables and low-carbon energy: Electrification brings emission cuts of 80%

While the energy transition toolbox is filled with decarbonization tools, electrification seems to be the jewel in its crown, based on research conducted by Rystad Energy, which points out that applying this method to upstream operations has the potential to get rid of over 80% of oil and gas produc

about 1 year ago