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Fossil Energy

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Noble Discoverer (former Maersk Discoverer) rig; Source: Noble Corp.
Fossil Energy

Petronas and ExxonMobil find more oil offshore Suriname

Petronas and ExxonMobil have made an oil discovery at an exploration well in Block 52 located offshore Suriname.

about 3 years ago
Sinopec puts world’s largest LNG storage tank into operation
Fossil Energy

Sinopec puts world’s largest LNG storage tank into operation

China Petroleum & Chemical Corporation (Sinopec) has revealed that the world’s largest LNG storage tank was put into operation at its Qingdao LNG receiving terminal in China. The construction of the tank with a storage capacity of 270,000 cubic meters began in early 2022 and it was put into service

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about 3 years ago
Nokia firm delivers subsea tech for Equinor's oil project
Fossil Energy

Nokia firm delivers subsea tech for Equinor’s oil project

Alcatel Submarine Networks (ASN), part of Nokia, has delivered subsea control cable infrastructure for an Equinor-operated field recently brought on stream. ASN has supplied, installed, and pre-commissioned DC/FO subsea control cable infrastructure, which provides high electrical power and fiber con

about 3 years ago
Barossa concept; Source: Santos
Fossil Energy

Australian giant gas project facing potential delays due to court injunction

Santos is being prevented from continuing its planned work on the Barossa gas field development project offshore Australia due to an interim injunction.

about 3 years ago
Yara Eyde
Fossil Energy

In focus: Major renewable energy, clean fuel updates from the Nordic region

Major energy transition-related updates came from Nordic countries this week. An energy island for large-scale green hydrogen and offshore wind production has been proposed in Åland (Finland). Denmark has just selected winners of its first Power-to-X tender. The first containership to be powered by

about 3 years ago
Deepwater Atlas drillship (for illustration purposes); Source: Transocean
Fossil Energy

International offshore rig count slips down a few more notches

With the number of offshore rigs on a downward trajectory, Baker Hughes’ international rig count report shows five units less in October 2023 than the month before

about 3 years ago
Darren Woods, ExxonMobil's CEO; Source: ExxonMobil
Fossil Energy

Additional CO2 pipeline network positions ExxonMobil’s low-carbon business for ‘profitable growth’

ExxonMobil has wrapped up the acquisition of Denbury and expanded its low-carbon business and CO2 pipeline network in the United States.

about 3 years ago
Mitsui & Co. invests in Arctic LNG 2 operating company
Fossil Energy

Mitsui & Co. invests in Arctic LNG 2 operating company

Mitsui & Co., through Japan Arctic LNG (J-Arc), has invested in Arctic LNG 2 LLC, the operating company for the Arctic LNG 2 project in Russia. Japan Arctic LNG is a Dutch corporation 75% owned by Japan Organization for Metals and Energy Security (JOGMEC) and 25% owned by Mitsui. On November 2, the

about 3 years ago
Ex-platform supplier ready for subsea operations
Fossil Energy

Ex-platform supplier ready for subsea operations

Wagenborg Offshore has taken into service a subsea support vessel following the conversion from a platform supply vessel (PSV). The Kingsborg subsea support vessel is custom-made and specialized to support subsea activities and decommissioning works in the southern North Sea in a long-term agreement

about 3 years ago
Illustration. Source: BOEM
Fossil Energy

Gulf of Mexico oil & gas lease sale put off again until court decision comes

BOEM has delayed the next offshore oil and gas lease sale for acreage in the Gulf of Mexico, pending further direction from the court.

about 3 years ago
Oseberg C; Credit: Øyvind Hagen/Equinor
Fossil Energy

Fresh North Sea oil & gas discovery enriches Norwegian field’s hydrocarbon arsenal

Norwegian state-owned energy giant Equinor has made a new oil and gas discovery in the North Sea off Norway.

about 3 years ago
Prelude; Source: Shell
Fossil Energy

Buffeted by market volatility, Shell’s profit slumps but overall performance remains ‘strong’

Shell has joined its peers in posting solid operating and financial performance for the third quarter of 2023.

13 minutes read
Valaris 249 jack-up rig; Source: Valaris
Fossil Energy

Nine Valaris rigs snap up multi-million drilling gigs with oil & gas giants, pushing total backlog to $3.2 billion

Valaris has secured a plethora of new contracts and extensions for four floaters and five jack-ups in its rig fleet with TotalEnergies, Petrobras, ExxonMobil, Eni, BP, TAQA, and Perenco.

about 3 years ago
Cheniere pens long-term LNG supply deal with Foran
Fossil Energy

Cheniere pens long-term LNG supply deal with Foran

U.S. Cheniere Energy’s subsidiary Cheniere Marketing has entered into a long-term liquefied natural gas (LNG) sale and purchase agreement (SPA) with China’s Foran Energy Group. Under the SPA, Foran agreed to purchase approximately 0.9 million tons per annum (mtpa) of LNG for 20 years from Cheniere M

about 3 years ago