Fossil Energy
OGA: Offshore energy industry can aid UK in reaching net-zero
The integration of offshore energy systems, including oil and gas, renewables, hydrogen, and carbon capture and storage, could deliver around 30 per cent of the UK’s total carbon reduction requirements needed to meet the 2050 net-zero target, the OGA said.
Aker Offshore Wind sets sights on deep-water projects
Aker Solutions’ offshore wind spin-off, Aker Offshore Wind, will initially focus on deep-water fixed-bottom and floating wind projects in four different markets: South Korea, the USA, Scotland, and Norway. ScotWind According to a company presentation, Aker Offshore Wind has entered into an agreement
Royal IHC to provide mooring and equipment for Anna Nery FPSO
Malaysian FPSO provider Yinson has awarded Royal IHC a contract for the supply of a tandem mooring and offloading system and a riser pull-in system.
Delek offers $2.25B in bonds to finance Leviathan development
Israel’s Delek Drilling has revealed it would issue bonds in an aggregate amount of $2.25 billion to finance the Leviathan development.
Spirit Energy bites dust near Ivar Aasen field
Oil and gas company Spirit Energy has hit a duster near the Ivar Aasen field in the central part of the North Sea.
Remazel Engineering pens Jotun FPSO upgrade deal
Italian engineering firm Remazel Engineering has won a deal from Bluewater for work on the Jotun FPSO upgrade project.
Havila Shipping scores extensions for PSV duo with Total
The Danish entity of French oil major Total has extended the contracts for Havila Shipping’s two platform supply vessels (PSVs).
BP to cut fossil fuels output by 40 per cent by 2030
Following record losses in the second quarter of 2020 and the first dividend cut in a decade, BP revealed parts of its new strategy that would reshape the company from an international oil company to an integrated energy company.
Record losses result in BP’s first dividend cut since Deepwater Horizon
UK oil major BP has cut its dividend for the first time since the Deepwater Horizon disaster after record losses in the second quarter of 2020.
SRO Solutions replaces software systems on six Stena Drilling rigs
UK-based tech firm SRO Solutions has replaced asset management software systems on six Stena Drilling offshore rigs.
Green energy transition: vital role of the oil & gas industry in achieving net-zero by 2050
A green energy transition will require the industry to make real progress in reducing its carbon footprint.
Neptune dubs Dugong as largest oil discovery in Norway this year
Oil and gas exploration firm Neptune Energy has stated that it made the largest oil discovery in Norway so far this year with its Dugong well in the Norwegian sector of the North Sea.
SEA-KIT bags two USV orders from Fugro
Dutch surveyor Fugro has ordered two 12-metre SEA-KIT X class uncrewed surface vessels (USVs). The two new USVs are the first of multiple builds for Fugro as part of the partnership. Essex-based SEA-KIT and Fugro first announced their partnership in March this year. The schedule also includes the de
Sakhalin Energy begins maintenance on Molikpaq offshore platform
Russia’s Sakhalin Energy has started a seasonal turnaround campaign at the Molikpaq offshore oil and gas platform which is one of the Sakhalin-2 production assets.