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Fossil Energy

Live from Offshore Energy Exhibition & Conference 2023

Welcome to the Live Blog! #OEEC2023 in a nutshell. Enjoy the highlights of the event in this video: Thanks to all participants, partners, sponsors and media partners for making this event such a great success! See you next year on 26 & 27 November 2024! Drinks at Navingo stand Offshore Energy Exhibi

about 2 years ago

Illustration; Source: International Energy Agency (IEA)

Fossil Energy

Decision time for oil & gas industry: Embrace green energy shift or keep fueling climate crisis

The International Energy Agency (IEA): The time has come for the oil and gas industry to take a firm stand during the transition era.

about 2 years ago

Stena Forth drillship; Source: Stena Drilling

Fossil Energy

Shell finds gas in Mediterranean Sea with Stena drillship

Shell Egypt, a subsidiary of oil major Shell, has made a new gas discovery in an offshore block located in Egypt’s Mediterranean Sea.

about 2 years ago

Fossil Energy

Oman LNG enters sales and purchase deal with BP

Oman LNG has signed a sales and purchase agreement (SPA) with British energy giant BP for the supply of 1 million metric tonnes per annum (mtpa) of LNG. Oman LNG announced the signing of the agreement on November 21, stating that it sustains the company’s position as a reliable supplier while contri

about 2 years ago

Fossil Energy

ADNOC and Santos embarking on carbon capture and storage with net zero at the heart of decarbonization quest

ADNOC has joined forces with Santos to pursue a pathway towards the potential development of a joint global carbon management platform.

about 2 years ago

Fossil Energy

In focus: Energy and maritime plays shaping greener future to wean the world off fossil fuels

This week saw Europe entrench its position as the decarbonization trailblazer, with the Netherlands, Germany, Norway, Denmark, and Belgium spearheading the new wave of projects.

23 minutes read

Illustration; Courtesy of Center for International Environmental Law (CIEL)

Fossil Energy

Report: Instead of emission silver bullet, offshore CCS rush deemed as fossil fuel extension cover-up

New report from the Center for International Environmental Law (CIEL) outlines that offshore CCS is not a solution to fossil fuel pollution.

about 2 years ago

Floating solar park with offshore wind farm (Courtesy of RWE)

Fossil Energy

The clean energy pursuit: Speeding up build-out while continuing to innovate

With an “all of the above” task in its hands, the offshore energy industry has found itself working on innovative and more efficient solutions and nature-inclusive projects, while at the same time trying to build as many new clean energy projects as possible to meet the targets.

about 2 years ago

Fossil Energy

TotalEnergies draws attention to slow energy transition progress, urging developed economies to support Global South’s transformation

TotalEnergies has published its new annual energy outlook, presenting scenarios for the evolution of demand and the global energy system to contribute to the energy transition’s debate in the run-up to COP28.

about 2 years ago

Fossil Energy

COP28: Sketching decarbonization roadmap with phase-out of fossil fuels as the centerpiece to get global net-zero efforts on track

COP28 is seen as a beacon of hope to devise a transformational roadmap in a bid to get the global energy transition undertaking on track.

about 2 years ago

Fossil Energy

Will COP28 live up to the hype and establish an energy transition roadmap leaving no one behind?

The UAE plans to spearhead efforts at COP28 for a clear roadmap to step up net zero progress through “a pragmatic global energy transition.”

about 2 years ago

Kingdom 1 jack-up rig; Source: ARO Drilling

Fossil Energy

WATCH: ARO Drilling and IMI hold naming ceremony for first of 20 planned newbuild jack-up rigs

ARO Drilling and International Maritime Industries held a naming ceremony for the first Saudi-operated and manufactured offshore jack-up rig.

about 2 years ago

Fossil Energy

Report: Fossil fuel age not running out of gas, as production ramp-up undermines net-zero transition

A new report warns that plans to scale up fossil fuels threaten net-zero targets, derailing the transition to a sustainable future in line with the 1.5°C warming limit.

about 2 years ago

Fossil Energy

Valaris anticipates ‘meaningfully’ higher profits in next two years, as rig market tightens further

Valaris has recorded a strong operational and financial performance during the third quarter of 2023, thanks to a rise in rig demand and day rates.

about 2 years ago