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Fossil Energy

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Low-Carbon TransitionOil & GasSubseaAuthorities & GovernmentBusiness & FinanceBusiness Developments & ProjectsCarbon Capture Usage & StorageEnvironmentProject & TendersRegulation & PolicyRules & RegulationTransitionClean FuelLNGExploration & ProductionRigsDredgingGreen MarineMarine EnergyOffshore WindResearch & DevelopmentTechnologyOperations & MaintenanceCablingPipesProduction & ProcessingEquipmentInfrastructureCollaborationHeavy liftingMarket OutlooksOutlook & StrategyVesselsSurveys & InterventionsVision
Illustration; Source: North Sea Transition Authority (NSTA)
Fossil Energy

Viking and Acorn picked as two new clusters to expand UK’s carbon capture and storage industry

The UK government has selected two carbon capture and storage (CCS) projects to establish two new clusters through the Track 2 process.

about 3 years ago
Illustration; Source: North Sea Transition Authority
Fossil Energy

North Sea gas supports both energy security and net-zero goals, says UK regulator

North Sea Transition Authority’s new analysis shows that domestically produced gas is significantly cleaner than the imported LNG.

about 3 years ago
Sevan Louisiana semi-sub (for illustration purposes); Source: Seadrill
Fossil Energy

US offshore rig count moves up a step

Baker Hughes’ weekly rig count report shows that the number of offshore rigs in the United States climbed a notch last week.

about 3 years ago
In focus: Spotlight on hydrogen valleys, blue economy startups and concepts
Fossil Energy

In focus: Spotlight on hydrogen valleys, blue economy startups and concepts

As the world faces record-breaking high temperatures, the offshore energy sector is trying to stay on the net-zero course – embracing its extensive role in the energy transition. In this process, the industry is dealing with the following goals: to provide energy that is secure, affordable and lower

about 3 years ago
FPSO Liza Destiny operating off Guyana; Source: ExxonMobil
Fossil Energy

ExxonMobil and Chevron join European oil majors in posting steep fall in profits

While Chevron and ExxonMobil recorded strong performance in 2Q 2023, this still represents a sharp decrease year-over-year.

about 3 years ago
Åsgard B platform; Credit: Øyvind Hagen/Equinor
Fossil Energy

‘Major’ modification work at Norwegian offshore platform is a go

Norwegian offshore safety regulator has given Equinor consent to carry out modifications at a platform operating on a field in the Norwegian Sea.

about 3 years ago
Askeladden rig; Source: Equinor
Fossil Energy

Equinor receives nod for North Sea drilling ops

Equinor has received consent from Norway’s offshore safety regulator for exploration drilling in the North Sea off Norway, using a KCA Deutag Drilling-managed rig.

about 3 years ago
Illustration; Source: Eni
Fossil Energy

Eni’s profit cut nearly in half but progress made on enlarging natural gas portion of global portfolio

Eni has revealed solid performance in 2Q and 1H 2023, despite its results being affected by a steep drop in oil and gas prices.

about 3 years ago
Pipes for second phase of giant Black Sea gas project to come from Italy
Fossil Energy

Pipes for second phase of giant Black Sea gas project to come from Italy

Luxembourg-headquartered manufacturer of pipes and related services Tenaris has secured a contract to supply products for a giant natural gas project in the Black Sea in Türkiye. Tenaris will supply pipes and services for phase II-A of the Sakarya gas field development, operated by Turkish Petroleum

about 3 years ago
Xin Quang Hua
Fossil Energy

Ocean giants unite to forge mega fleet of semi-submersible vessels

China-based companies specializing in ocean-based heavy lift transport COSCO SHIPPING Specialized and Guangzhou Salvage have concluded a joint venture deal leading to the creation of a fleet of 18 semi-submersible vessels by the end of 2023. Commercial management of the fleet will be handled by the

about 3 years ago
TechnipFMC breaks subsea order records, expects to reach $9 billion in 2023
Fossil Energy

TechnipFMC breaks subsea order records, expects to reach $9 billion in 2023

TechnipFMC has received $4.1 billion in subsea inbound orders in the second quarter of 2023, a 62.2% increase compared to Q1 2023 and a 113.4% increase compared to the same period in 2022. Records were set for the company’s iEPCI full-field subsea development and integrated project execution and Sub

about 3 years ago
Paul B. Loyd Jr. rig; Source: Transocean
Fossil Energy

Fleet expansion with two Transocean rigs represents harbinger of growth for Dolphin Drilling

Dolphin Drilling regards its acquisition of two semi-submersible rigs from Transocean as the herald of further growth not just in the UK but also on the global stage.

about 3 years ago
Illustration; Source: Shell
Fossil Energy

As oil & gas prices tumble down from 2022 highs, Shell’s profit follows suit

Shell’s profit has been cut by more than half year-on-year, compared to the record high levels reported last year.

about 3 years ago
TotalEnergies
Fossil Energy

TotalEnergies’ profit hit by downturn in oil & gas prices but multi-energy model saves the day

TotalEnergies has disclosed strong results for the second quarter and first half of 2023, thanks to its multi-energy strategy.

about 3 years ago
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