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Fossil Energy

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Illustration; Source: APPEA
Fossil Energy

Gas rush paints LNG as energy transition’s trump card to low-carbon future

Gas has solidified its position at the top of the energy pyramid, thus, the pursuit for more natural gas and LNG is in full swing.

13 minutes read
More work for McDermott with Qatargas
Fossil Energy

More work for McDermott with Qatargas

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McDermott has won a “major” contract with Qatargas to deliver engineering, procurement, construction, and installation (EPCI) for a subsea pipeline and cable project. McDermott will deliver EPCI for the North Field Production Sustainability (NFPS) Offshore Fuel Gas Pipeline and Subsea Cables Project

about 3 years ago
Illustration; Source: Borr Drilling
Fossil Energy

International offshore rig count activity takes a downward plunge in June

Baker Hughes’ international rig count report shows that the number of offshore rigs experienced a downward trend in June 2023.

about 3 years ago
FSO Safer; Source: Boskalis
Fossil Energy

With salvage ops underway, Dutch govt urged to step in for ‘safe and environmentally sound’ FSO recycling

Salvage operations to transfer the oil from a rapidly decaying FSO, moored off Yemen, to a safe vessel are expected to start soon.

about 3 years ago
A photo of the Sealhyfe offshore green hydrogen production platform next to the Floatgen floating wind turbine
Fossil Energy

In focus: CCS and renewables leading the energy transition race

The summer holiday season doesn’t seem to be slowing down the activities of the global energy sector. Energy companies are still moving strongly towards a low-carbon and sustainable future, with carbon capture and storage (CCS) and renewables serving as the main topics of the conversation. TotalEner

about 3 years ago
Saipem
Fossil Energy

Saipem rakes in $1 billion for new assignments with Aramco and Petrobras

Italy’s oilfield services provider Saipem has secured new contracts, which are worth approximately $1 billion.

about 3 years ago
Scarabeo 9 rig; Source: Saipem
Fossil Energy

Saipem rigs find more work in Middle East and Mediterranean Sea

Saipem has secured offshore drilling assignments in the Middle East and the Mediterranean Sea for two rigs.

about 3 years ago
SUMED 4 is one of seven SUMED service boats fitted with Thordon SXL tailshaft bearings; Source: Thordon Bearings
Fossil Energy

Seven vessels servicing oil pipeline running from Persian Gulf to Mediterranean get an upgrade

Thordon Bearings has retrofitted seven special purpose, single point mooring (SPM) service boats, which are servicing the SUMED pipeline.

about 3 years ago
Aquaterra Energy
Fossil Energy

UK player goes to Middle East for eight-well decom gig

Aquaterra Energy has secured a contract with an undisclosed Abu Dhabi-based operator, to provide offshore riser equipment and services.

about 3 years ago
West Tucana jack-up rig; Source: Seadrill
Fossil Energy

Seadrill mulls over divestment of three jack-ups along with stake in Gulfdrill

Seadrill is contemplating the sale of three jack-up rigs, which are working in Qatar, along with its interest in Gulfdrill LLC.

about 3 years ago
ADNOC Drilling
Fossil Energy

With five jack-up rigs booked for work, ADNOC Drilling collects $2 billion

UAE’s ADNOC Drilling has secured long-term contracts for five jack-up rigs, totalling approximately $2 billion.

about 3 years ago
Gjøa platform; Source: Neptune Energy
Fossil Energy

Eni and Vår Energi paying $4.9 billion for Neptune’s entire oil & gas portfolio, bar German business

Eni and Vår Energi will acquire Neptune’s entire portfolio, aside from its business in Germany, for an aggregate enterprise value of $4.9 billion.

11 minutes read
QatarEnergy and China bolster LNG ties with new deals
Fossil Energy

QatarEnergy and China bolster LNG ties with new deals

State-owned oil and gas giant QatarEnergy has signed definitive agreements with China National Petroleum Corporation (CNPC) for the long-term supply of LNG to China and partnership in the North Field East (NFE) LNG expansion project. The LNG sales and purchase agreement (SPA) between the two parties

about 3 years ago
Credit; IISD/ENB/Kiara Worth
Fossil Energy

Headway made in Bonn but all hopes rest on COP28’s shoulders to tackle emission reduction challenges

The Bonn Climate Change Conference helped lay the groundwork for the political decisions required at COP28 in Dubai at the end of the year.

about 3 years ago