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Fossil Energy

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Energy Emerger jack-up rig; Source: Northern Offshore
Fossil Energy

Jack-up rig kicks off multi-well offshore drilling campaign in Oman

Masirah Oil, a subsidiary of Singapore’s Rex International, has embarked on a multi-well drilling program at a field off the coast of Oman.

about 2 years ago
Illustration; Source: PetroVietnam Gas
Fossil Energy

PetroVietnam to buy LNG from QatarEnergy, first shipment due in April

PetroVietnam has signed a contract with QatarEnergy LNG to purchase 70,000 metric tons of LNG set to be delivered next month.

about 2 years ago
Oil block offshore Abu Dhabi starts producing
Fossil Energy

Offshore block near Abu Dhabi starts oil production

UAE energy giant Abu Dhabi National Oil Company (ADNOC) has started crude oil production from its Belbazem offshore block, helping meet growing demand for Abu Dhabi’s lower-carbon intensity oil and gas. The block, operated by Al Yasat Petroleum, a joint venture between ADNOC and China National Petro

about 2 years ago
Illustration; Source: Energy Industries Council (EIC)
Fossil Energy

Widening chasm between reality and ambitions endangers net zero targets

The rift between the current energy landscape and greener desires continues to expand, putting global net zero targets in peril.

about 2 years ago
Illustration; Source: QatarEnergy
Fossil Energy

QatarEnergy and Nakilat firm up time-charter deal for 25 vessels under ‘historic LNG shipping program’

QatarEnergy has signed multi-year time-charter party agreements with Nakilat for operating 25 LNG vessels as part of its historic extension.

about 2 years ago
FPSO Energean Power; Source: Energean
Fossil Energy

Energean awaits 30-year production license ahead of sanctioning phased gas development offshore Israel

Energean is looking forward to receiving a 30-year production license soon for an area where a string of gas discoveries was made in 2022.

about 2 years ago
Oman LNG and Germany’s SEFE finalize LNG supply deal, eye hydrogen cooperation
Fossil Energy

Oman LNG and Germany’s SEFE finalize LNG supply deal, eye hydrogen cooperation

SEFE and Oman LNG have finalized a sale and purchase agreement (SPA) for 0.4 million tonnes per annum (mtpa) of LNG.

about 2 years ago
GMS Shamal (for illustration purposes); Source: Gulf Marine Services (GMS)
Fossil Energy

GMS inks new deal amid stable vessel demand across markets

Gulf Marine Services (GMS) has signed the first of a two phase, multi-year, contract for one of its vessels in the Middle East.

about 2 years ago
Illustration; Source: International Energy Agency (IEA)
Fossil Energy

Fossil fuels’ 75% methane cuts by 2030 come with $170 billion price tag

A new IEA analysis emphasizes the need for more action to bring forth the required emission reductions by 2030.

about 2 years ago
MethaneSAT Data Rendering; Credit: MethaneSAT
Fossil Energy

Brand-new satellite with ‘superpower’ to gauge methane goes live – gallery

A satellite has been launched to glean insight into methane emissions, focusing first on oil and gas operators.

about 2 years ago
IEA
Fossil Energy

IEA: Oil in transit reaches record highs due to shipping disruptions

Shipping disruptions through the Red Sea are pushing the amount of oil in transit to record levels, according to the latest International Energy Agency (IEA) Oil Market Report (OMR).

about 2 years ago
ADNOC seals second long-term LNG deal for Ruwais project
Fossil Energy

ADNOC seals second long-term LNG deal for Ruwais project

ADNOC and SEFE signed a long-term agreement for the delivery of 1 mmtpa of LNG from low-carbon Ruwais LNG project.

about 2 years ago
New milestone for Saipem as first topsides head to QatarEnergy’s North Field project
Fossil Energy

New milestone for Saipem as first topsides head to QatarEnergy’s North Field project

Italian EPC contractor Saipem has reached a new milestone with the shipment of the first three topsides for QatarEnergy LNG’s North Field project offshore the northeast coast of Qatar. On March 13, Saipem shared an update saying that the first three topsides (one wellhead production and two riser pl

about 2 years ago
Transocean Enabler rig (for illustration purposes); Source: Transocean
Fossil Energy

International offshore rig count two units down in February

Baker Hughes’ rig count report shows that two rigs left the working international offshore fleet in February 2024.

about 2 years ago
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