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Fossil Energy

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CLB Ailan YiHao (AL-1) at oilfield development project offshore China; Source: Fulan Offshore
Fossil Energy

Cable laying barge wraps up its first subsea foray into oil & gas arena after offshore wind jobs (Gallery)

China-headquartered Fulan Offshore has crossed the finish line at an oilfield project in the Bohai Sea with one of its cable laying barges (CLBs), which previously worked on multiple offshore wind projects.

about 1 year ago
MISC
Fossil Energy

MISC, Gentari partner up on ammonia shipping and floating solutions

Malaysia’s energy-related maritime services provider MISC Berhad (MISC) has entered into a strategic collaboration agreement with compatriot clean energy solutions provider Gentari through Gentari Hydrogen to jointly explore the development of integrated shipping and floating solutions for clean amm

about 1 year ago
Illustration; Source: Prysmian
Fossil Energy

Prysmian’s cable-making ops at full blast for two big North Sea oil & gas projects

Prysmian is hard at work at its factory in Norway to provide cables for two oil and gas development projects in the North Sea, off the coast of Norway. Thanks to these projects, the Italian player’s headcount has gone up.

about 1 year ago
OEEC 2024 Exclusive Networking Dinner guests meeting ahead of event kick-off tomorrow
Fossil Energy

OEEC 2024 Exclusive Networking Dinner guests meeting ahead of event kick-off tomorrow

The 17th edition of Offshore Energy Exhibition & Conference (OEEC) will launch tomorrow, November 26, but the event has already started with a get-together at the iconic Capital C in Amsterdam. There, guests from around the world who signed up for the Exclusive Networking Dinner are meeting before O

about 1 year ago
Eldfisk Complex; Source: ConocoPhillips
Fossil Energy

ConocoPhillips ties the $22.5 billion merger knot with US oil & gas player

ConocoPhillips has brought a compatriot oil and gas company into its fold by wrapping up the multibillion-dollar business combination with Marathon Oil Corporation.

about 1 year ago
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
Illustration; Source: ExxonMobil
Fossil Energy

Net zero quest: Weaning off oil & gas or undermining the world’s energy security backbone?

After decarbonization pledges entered the scene, climate change challenges have fanned the transformation flames, taking the energy industry’s transition to other power sources to a whole new level.

about 1 year ago
A large vessel at sea with two smaller ones next to it
Fossil Energy

Renewed focus on energy security prompts nearly $2 trillion investment in clean energy since 2020, IEA finds

The International Energy Agency (IEA) has published its first report exploring the evolution of the global energy policy landscape over the last 12 months by providing an overview of policies, legislation, spending, and general progress countries and sectors are making on their energy transition jou

about 1 year ago
Illustration; Source: Navingo
Fossil Energy

Carbon offsetting and green gas: Chasing fairy tale of climate-neutral future or key tools in net zero’s arsenal?

As time goes by, the zest for a carbon-free world has sparked a seismic shift toward the sphere of environmental sustainability. However, many thorns remain on the path to such a low-emission world, including differing perceptions about the tools to achieve this goal. This is hammered home by the pu

15 minutes read
T&E
Fossil Energy

T&E: Carbon footprint of European gas imports underestimated by almost 30%

Despite the efforts to promote liquefied natural gas (LNG) as the go-to clean alternative, new evidence on upstream emission suggests that Europe’s gas mix is much dirtier than the European Union’s (EU) officials had initially thought, Transport and Environment (T&E) shared. According to a study tit

about 1 year ago
Illustration; Source: Environmental Defense Fund Europe (EDFE)
Fossil Energy

Global efforts to get rid of potent greenhouse gas menace heat up – Giving methane the slip

As waves of climate change woes buffet the world mercilessly, the zest to tackle the greenhouse gas (GHG) emissions challenge is spurring global action, with attempts to combat methane being first on the agenda.

12 minutes read
Leaders at COP29 Azerbaijan; Source: COP29 Azerbaijan
Fossil Energy

COP29 delivers hat trick with $1.3 trillion on the cards but lack of stronger mitigation and finance action seen as ‘betrayal’

COP29 has managed to reach a consensus on tripling climate finance while setting a new worldwide target to direct $1.3 trillion of climate finance to developing countries by 2030.

16 minutes read
COP29 Azerbaijan; Source: COP29 Presidency
Fossil Energy

Carbon markets are a go but trillions at stake: Will ‘climate finance COP’ deliver the goods at the eleventh hour?

Given the trillion-dollar gap between the Global South’s demands and the Global North’s proposal for a new climate finance target, the 29th Conference of the Parties (COP29) has run into overtime in one last attempt at bridging the divide and finding common ground all parties can get behind. The cal

21 minutes read
FPSO Almirante Tamandaré; Source: Petrobras
Fossil Energy

$111 billion investment on Petrobras’ five-year agenda

Petrobras has unveiled its new business plan for the 2025-2029 period (BP 2025-29) and strategic plan 2050 (SP 2050), outlining its focus and priorities to reinforce its long-term vision.

about 1 year ago
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