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Fossil Energy

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Oil & GasBusiness & FinanceBusiness Developments & ProjectsProject & TendersVesselsCollaborationLow-Carbon TransitionExploration & ProductionMarket OutlooksOutlook & StrategyTransitionLiquefied Natural GasGreen MarineAmmoniaClean FuelShipbuildingInfrastructureRigsTechnologyCarbon Capture Usage & Storage
GMS Scirocco; Source: Gulf Marine Services (GMS)
Fossil Energy

Vessel gig’s next stage pushes GMS’ backlog to $431.2 million

UAE-based Gulf Marine Services (GMS) has sealed the second phase of a multi-year contract for one of its vessels in the Middle East.

about 2 years ago
Illustration; Source: ADNOC
Fossil Energy

ADNOC signs off on upstream deal enabling SOCAR to come aboard two offshore fields

ADNOC has inked an agreement to transfer a stake in two fields at a concession off the coast of the UAE to SOCAR.

about 2 years ago
Hywind Tampen floating wind farm and Snorre platform; Source: Equinor
Fossil Energy

Energy transition needs to pick up the pace to counter uncertainty over net zero targets

Equinor has highlighted that the speed and scale of the energy transition have to increase to reach the 1.5-degree ambition by 2050.

about 2 years ago
North Field East (NFE) LNG expansion project will raise Qatar’s LNG export capacity from the current 77 mtpa to 110 mtpa; Source: QatarEnergy
Fossil Energy

New partner comes aboard $28.75 billion first expansion phase of world’s biggest single non-associated gas field

While sealing a multi-year LNG supply deal, QatarEnergy has welcomed a new partner at its giant North Field East (NFE) project, which represents Phase 1 of the larger North Field expansion project.

about 2 years ago
The Switch
Fossil Energy

ADNOC L&S eyes new LNG carrier additions and buys shipping player with 32-tanker fleet

ADNOC L&S has signed an LoI for the construction of LNG carriers with South Korea’s shipbuilder and is buying a Singaporean shipping company.

about 2 years ago
OPEC
Fossil Energy

OPEC+ stretches production cuts into 2025 but presents timeline to ease off oil curbs later on

With geopolitical challenges and economic uncertainties at the forefront, OPEC+ will prolong production cuts into 2025 to prop up oil markets.

about 2 years ago
ADNOC strikes low-carbon ammonia, LNG carrier deals with Korean partners
Fossil Energy

ADNOC strikes low-carbon ammonia, LNG carrier deals with Korean partners

ADNOC secured agreements with companies in the Republic of Korea regarding low-carbon ammonia, LNG carrier shipbuilding, and LPG value chain.

about 2 years ago
Illustration; Source: Salunda
Fossil Energy

Jack-up rig in Middle East to sport UK player’s red zone monitoring solution

The UK’s Salunda has secured a multi-year contract to install its red zone monitoring solution on a jack-up rig in the Middle East.

about 2 years ago
Rendering of Woodfibre LNG project; Source: Woodfibre LNG
Fossil Energy

Bankrolling fossil fuels: 60 giant banks pick up the $7 trillion tab for coal, oil & gas

Report: Over 60 international banks have been keeping the fossil fuel players in business by footing the bill for their further expansion rather than cutting off the purse strings.

about 2 years ago
Illustration; Source: Saudi Aramco
Fossil Energy

Jacket installations on Aramco’s giant offshore oil field take ABL to Middle East

ABL will provide marine warranty survey (MWS) services for jacket installations on the world’s biggest conventional offshore oil field.

about 2 years ago
Leviathan field; Source: New Med Energy
Fossil Energy

More gas sold from Chevron’s Mediterranean Sea field under $650 million deal

Chevron has signed a contract with Israel’s Eshkol Power Energies to supply natural gas for the production units at Eshkol power station.

about 2 years ago
Kingdom 2 jack-up rig; Source: ARO Drilling
Fossil Energy

Second jack-up out of 20 planned newbuild rigs gets its naming ceremony (Gallery)

ARO Drilling has held a naming ceremony, together with International Maritime Industries (IMI), for the second of 20 planned newbuild jack-up rigs.

about 2 years ago
Ministers from Qatar, the United States, the United Arab Emirates, Saudi Arabia, Canada, and Norway at Net Zero Producers Forum; Source: QatarEnergy
Fossil Energy

Net-Zero Producers Forum seeks emission reduction pathways with carbon utilization and storage

The Net Zero Producers Forum has set in motion a new working group to explore and step up technologies for the utilization and storage of carbon dioxide.

about 2 years ago
West Tucana jack-up rig; Source: Seadrill
Fossil Energy

Seadrill parting with three jack-up rigs for $338 million

Seadrill is in the process of disbanding Gulfdrill LLC, thanks to a deal to sell three jack-up rigs, which are working in Qatar, to its joint venture partner.

about 2 years ago
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