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Fossil Energy

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Arabia III jack-up rig; Source: Borr Drilling

Fossil Energy

What’s happening with Borr Drilling’s rigs?

Offshore drilling contractor Borr Drilling has provided a contracting and activity update for five rigs in its fleet.

about 3 years ago

Fossil Energy

Baker Hughes to supply e-LNG systems for ADNOC Ruwais LNG project

U.S. energy technology company Baker Hughes has received a letter of award from ADNOC Gas, for and on behalf of Abu Dhabi National Oil Company (ADNOC), to provide two electric liquefaction (e-LNG) systems for the Ruwais LNG project in the United Arab Emirates (UAE). Baker Hughes said the LNG trains

about 3 years ago

North Field off Qatar; Source: QatarEnergy LNG

Fossil Energy

All energy roads lead to decarbonization with gas as a linchpin of low-carbon transformation

Despite the growing opposition to fossil fuels, natural gas, primarily LNG, is still the top contender for the transition fuel, which will bridge the gap towards the sought-after low-carbon and green energy future.

20 minutes read

In focus: Advanced economies should pave the energy transition way as 'bolder action' is needed

Fossil Energy

In focus: Advanced economies should pave the net-zero way as bolder action is needed

Although achieving the current net-zero targets is still possible due to the fast-paced development of clean energy technologies, experts believe that we need to make moves that are more strategic.

about 3 years ago

Fossil Energy

ADNOC goes over its decarbonization progress

ADNOC has taken the time to check its progress towards its goal of doubling carbon capture capacity by the end of the decade.

about 3 years ago

Fossil Energy

Aramco steps into global LNG market with stake in MidOcean Energy

Energy major Aramco has signed definitive agreements to acquire a strategic minority stake in MidOcean Energy, an LNG company formed and managed by investment company EIG, for $500 million. Completion of the transaction is subject to closing conditions which include regulatory approvals, with Aramco

about 3 years ago

Fossil Energy

QatarEnergy places $3.9 billion order for 17 LNG carriers at Korean shipyard

Qatar’s state-owned oil and gas company QatarEnergy has signed an agreement with South Korean shipyard HD Hyundai Heavy Industries (HHI) for the construction of 17 LNG carriers. The shipbuilding contract, valued at QR14.2 billion ($3.9 billion), was revealed on September 27, 2023, and is said to mar

about 3 years ago

Illustration; Source: International Energy Agency (IEA)

Fossil Energy

IEA’s net-zero recipe: Going green and slashing fossil fuels’ role in energy mix while pursuing ‘equitable’ transition

The IEA believes that the path to limiting global warming to 1.5 °C has narrowed, however, clean energy growth is still keeping it open.

12 minutes read

Fossil Energy

Saipem picks Chinese player for Qatar-bound offshore gas platform

Saipem has hired China’s Bomesc to build a compression facility for an offshore natural gas project off the northern coast of Qatar.

about 3 years ago

Saad Sherida Al-Kaabi, Qatar's Minister of State for Energy Affairs, President and CEO of QatarEnergy; Source: QatarEnergy

Fossil Energy

QatarEnergy CEO sees natural gas as ‘indispensable’ not just for energy transition but also after 2050

The CEO of QatarEnergy has spotlighted the role of natural gas in the evolving energy landscape and the energy transition era.

about 3 years ago

Fossil Energy

QatarEnergy LNG awards CO2 sequestration deal to Worley

Australia’s engineering company Worley has secured a contract with Qatargas, which recently rebranded to QatarEnergy LNG, to provide front-end engineering design (FEED) services for a CO2 sequestration project in Ras Laffan, Qatar. According to Worley, the contract covers the FEED study and engineer

about 3 years ago

Fossil Energy

In focus: Is climate crisis a ‘fossil fuels crisis’?

With only two months left until the COP28 climate summit in Dubai, all eyes are turned to global leaders to take concrete steps to keep the goal of limiting global warming to 1.5 °C within reach. While the fossil fuels industry faces growing dissatisfaction from environmental activists, leaders from

about 3 years ago

Amin H. Nasser, Saudi Aramco President & CEO; Source: Saudi Aramco

Fossil Energy

Aramco CEO: Widening gap in global energy transition lays bare need for ‘more realistic and robust’ multi-source plan

Aramco’s CEO has called upon world leaders and energy players to devise concrete transition steps in a bid to ensure a just transition and avert a potential energy crisis, as a result of a premature phasing out of fossil fuels.

about 3 years ago

Fossil Energy

Coming to grips with a mixed bag of energy transition expectations

As COP28 nears, concerns surrounding climate change are heating up and the pressure on the oil and gas industry is mounting day in, day out.

12 minutes read