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Fossil Energy

UNDP hires Boskalis to prevent ‘enormous oil disaster’ offshore Yemen

Dutch offshore services provider Boskalis has, through its subsidiary SMIT Salvage, reached an agreement with the United Nations Development Programme (UNDP) to remove oil from a floating storage and offloading (FSO) facility moored off Yemen’s Red Sea coast. This Stop Red Sea Spill operation is a p

about 3 years ago

Fossil Energy

With $185 bln of total investment on the table, WoodMac expects more oil & gas FIDs in 2023

Wood Mackenzie outlines that upstream operators will focus on capital discipline and carbon mitigation in 2023.

about 3 years ago

Fossil Energy

Another win for Fugro in the UAE

Fugro has secured a contract to perform a series of offshore surveys for what it says is a “major field development program in the Middle East”. Under the contract, Fugro will deliver site characterization services in support of one of the largest long-term field development programs in the United A

about 3 years ago

QatarEnergy and Namibia's ministry ink deal to strengthen energy cooperation

Fossil Energy

QatarEnergy and Namibia’s ministry ink deal for energy cooperation

Qatar’s state-owned energy giant QatarEnergy and Namibia’s Ministry of Mines and Energy have signed a Memorandum of Understanding (MoU) with the aim of strengthening cooperation in the energy sector. The MoU, said to pave the way for continued cooperation, covers areas such as knowledge sharing, wor

about 3 years ago

Fossil Energy

In focus: Offshore energy, shipping look to CCS and alternative fuels as they ramp up decarbonization efforts

The offshore energy and shipping industries are essential components of global trade and commerce, responsible for transporting goods and powering homes and businesses around the world. However, they are also significant contributors to greenhouse gas emissions. As the world’s focus on reducing carb

about 3 years ago

Noble Invincible rig (for illustration purposes); Source: Noble

Fossil Energy

International offshore rig count on the upswing

Baker Hughes’ international rig count report shows that the number of offshore rigs was on the rise in March 2023, surging upward by 6 units.

about 3 years ago

New Dutch donation to bridge funding gap, allowing UN to embark on salvage ops for ‘ticking timebomb’ in Red Sea

Fossil Energy

Race against time begins as Euronav’s former VLCC heads to decaying FSO Safer to prevent catastrophic oil spill

A very large crude carrier the Nautica, bought last month by the UN Development Programme (UNDP) from Euronav, as part of UNDP’s coordinated operation to remove oil from decaying FSO Safer, has set sail from Zhoushan, China heading for the Red Sea. The Nautica was in drydock in Zhoushan, China for r

about 3 years ago

Oil barrels (illustration); Source: Equinor

Fossil Energy

Canada ranked as preferred global oil supplier with fossil fuels carving a place in energy transition, shows Ipsos study

Ipsos has asked respondents in 28 countries around the world to complete a ranked ballot of eight oil-producing nations.

about 3 years ago

Vahana Aryan self-propelled jack-up rig; Source: DNV

Fossil Energy

Rig becomes world’s first jack-up with DNV’s Abate-Ready notation

DNV has awarded – what it describes as – the world-first Abate-Ready notation for a jack-up unit to the Dubai-based Vahana Marine Solutions.

about 3 years ago

Illustration; Source: Remote Medical International (RMI)

Fossil Energy

Pursuing stable energy supplies by preventing and curtailing offshore incidents

What should organisations and energy players do to prevent offshore accidents to ensure the security and stability of the energy supply?

about 3 years ago

Saipem 7000 semi-submersible crane vessel; Source: Saipem

Fossil Energy

Fresh batch of offshore contracts brings Saipem $650 million

Saipem has been awarded three new offshore EPCI contracts and two FEED competition deals, totalling approximately $650 million.

about 3 years ago

Fossil Energy

UAE player scopes up $2.6 bln deal while unveiling new turnkey offering to ‘revolutionise offshore oil and gas logistics’

ADNOC Logistics & Services has revealed a new deal with ADNOC Offshore, which amounts to $2.6 billion (AED9.5 billion).

about 3 years ago

Illustration; Source: Institute for Energy Economics and Financial Analysis (IEEFA)

Fossil Energy

IEEFA warns of worsening inflation in power sector with carbon capture and storage in the mix

New report by IEEFA points out that adding CCS to fossil-fired power plants will have unsustainable implications on electricity prices.

about 3 years ago

Fossil Energy

Growing oil & gas demand brings Perma-Pipe to the UAE

As a response to the growing demand for the oil and gas industry in the Middle East, Texas-headquartered Perma-Pipe International has opened a new plant in the United Arab Emirates, said to be its largest production facility outside North America. The Abu Dhabi-based facility was inaugurated at an o

about 3 years ago