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Fossil Energy

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ADNOC and Eni ally on clean energy and sustainability
Fossil Energy

ADNOC and Eni ally on clean energy and sustainability

The UAE’s Abu Dhabi National Oil Company (ADNOC) and Italy’s Eni have signed a Memorandum of Understanding (MoU) which outlines a framework of cooperation for future joint projects on energy transition, sustainability, and decarbonisation. Through this agreement, Eni and ADNOC said they will explore

about 3 years ago
Illustration; Source: Worley
Fossil Energy

In focus: Tackling energy trilemma with oil & gas industry calling the shots

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With the global oil and gas industry’s income skyrocketing to nearly $4 trillion in 2022, many are of the opinion that this sector holds the purse strings. Will it tighten or loosen them to invest a considerable chunk in the clean energy transition?

12 minutes read
Lower Zakum; Source: ADNOC
Fossil Energy

TotalEnergies expands its upstream portfolio in UAE with several offshore fields

TotalEnergies has inked a deal to acquire CEPSA’s upstream assets in the UAE, adding multiple offshore fields to its asset portfolio.

about 3 years ago
Illustration; Source: International Energy Agency (IEA)
Fossil Energy

EIA calls for new approach: Throwing carbon prices into the mix to unveil fossil fuel subsidies

The International Energy Agency (IEA) has outlined a new price gap-plus approach that could bring carbon prices and environmental costs into the equation.

about 3 years ago
Illustration; Source: DNV
Fossil Energy

Security of supply to surpass clean and affordable parts of energy trilemma in 2023, says DNV

DNV, a Norway-based classification society, which predicts that energy security will be the top priority in the energy trilemma this year.

about 3 years ago
Illustration; Source: Chevron
Fossil Energy

Chevron and Egyptian govt join forces to curb methane from oil & gas sector

Chevron has inked a memorandum of understanding (MoU) on methane management with Egypt’s Ministry of Petroleum and Mineral Resources.

about 3 years ago
Valaris 118, formerly known as Joe Douglas; Source: BP
Fossil Energy

Valaris builds on ‘contracting success’ from 2022 with new floater and jack-up deals in 2023

Valaris has revealed a robust performance during 4Q 2022 while kicking off 2023 with new contracts and extensions for its rig fleet.

about 3 years ago
Illustration; Source: International Energy Agency (IEA)
Fossil Energy

IEA: Fraction of bumper profits during 2022 can slash oil & gas sector’s methane emissions

Methane emissions remained stubbornly high in 2022, even as soaring energy prices made actions to reduce them cheaper than ever, says IEA.

about 3 years ago
Leviathan partners set the ball rolling for Israeli floating LNG terminal
Fossil Energy

Leviathan partners set the ball rolling for Israeli floating LNG terminal

Partners in the Leviathan gas field offshore Israel have approved budgets for 2023 which include nearly $100 million for the expansion of the existing infrastructure and preparation of the future floating LNG terminal. Said to be the largest energy project in Israel’s history, the deep-sea field sta

about 3 years ago
Energean - Abu Qir concession in Egypt.
Fossil Energy

Energean and Shell join forces to investigate decarbonisation solution

Energean Egypt and Shell Egypt have entered a Memorandum of Understanding (MoU) to explore a mutually beneficial decarbonisation solution. According to Energean, the MoU is designed to support the decarbonisation and the energy transition of the Arab Republic of Egypt, contributing to global efforts

about 3 years ago
Illustration; Source: Capricorn Energy
Fossil Energy

Capricorn – NewMed merger plans come to naught

UK-based Capricorn Energy has dropped the previously announced merger agreement with Israel’s NewMed Energy, following board changes.

about 3 years ago
FPSO Atlanta; Source: Yinson (video)
Fossil Energy

How far has the upgrade work for Enauta’s Brazil-bound FPSO come?

Yinson has shared an update on the developments regarding the conversion and upgrade of an FPSO, which will operate for Enauta off Brazil.

about 3 years ago
FPSO Energean Power; Source: Energean
Fossil Energy

With first ever lifting of crude out of the way, Israel joins oil exporters club

Oil and gas company Energean has tucked another milestone under its belt with the first ever lifting of an Israeli crude oil cargo.

about 3 years ago
In focus: CO2 capture and storage – important element in the green transition
Fossil Energy

In focus: CO2 capture and storage – important element in the green transition

As the world faces new challenges in 2023, offshore energy industries are making new plans to deliver on the net-zero target. In addition to marine energy, the fast-growing offshore wind sector is also finding its place among oil and gas players. Example number one: SSE Renewables and Equinor, the d

about 3 years ago