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Fossil Energy

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Clean FuelLNGOil & GasAuthorities & GovernmentBusiness & FinanceBusiness Developments & ProjectsEnvironmentExploration & ProductionMarket OutlooksOutlook & StrategyProject & TendersRegulation & PolicyRules & RegulationTransitionCarbon Capture Usage & StorageHydrogenDecommissioningRigsInfrastructureInnovationVesselsSubseaCollaborationMarine EnergyOffshore Wind
Gas investments worth $245 billion across Africa in risk of becoming stranded assets
Fossil Energy

Gas investments worth $245 billion across Africa in risk of becoming stranded assets

Planned investments in gas infrastructure amounting to $245 billion across Africa, are in danger of turning into stranded assets.

about 3 years ago
Future of oil & gas industry hinges on cutting down emissions
Fossil Energy

Future of oil & gas industry hinges on cutting down emissions

As the future of the fossil fuels industry depends on its ability to manage its GHG footprint, what’s the best way to tackle these emissions?

12 minutes read
What will the new year bring to the oil & gas industry?
Fossil Energy

What will the new year bring to the oil & gas industry?

While 2022 was marked by a global energy crisis and price volatility, 2023 is still uncharted territory for the oil and gas industry.

about 3 years ago
Breathing new life into oil rigs
Fossil Energy

Breathing new life into oil rigs

While the oil & gas infrastructure needs to be retired at the end of service life, does this have to be the end for these giant beasts?

about 3 years ago
Offshore oil & gas contractors’ top deals in 2022
Fossil Energy

Round up: Offshore oil & gas contractors’ top deals in 2022

Among the top deals, which have been awarded in 2022 are the ones secured by the U.S.-based McDermott and Italy’s Saipem.

about 3 years ago
2022 is a wrap: Highlights from the oil & gas industry
Fossil Energy

2022 is a wrap: Highlights from the offshore energy industry

In the wake of Russia’s war in Ukraine, the offshore energy industry was thrown for a loop, which resulted in price volatility.

about 3 years ago
BP buys US biogas company in a push to reduce carbon intensity
Fossil Energy

BP buys US biogas company in a push to reduce carbon intensity

UK-headquartered energy giant BP has completed the acquisition of Archaea Energy, a Texas-based renewable natural gas (RNG) company. Archaea Energy operates 50 RNG and landfill gas-to-energy facilities across the U.S., producing around 6,000 barrels of oil equivalent a day (boe/d) of RNG. Its produc

about 3 years ago
Hornsea contract
Fossil Energy

In focus: Renewables take over at the finish line

As the world prepares to say goodbye to an eventful 2022, offshore energy industries are reviewing their activities and making new plans to deliver on the net-zero target. Despite numerous challenges to this goal, the year behind us ends the similar way it started – with renewables in the spotlight.

about 3 years ago
While ExxonMobil takes legal action, European Commission claims oil & gas windfall tax ‘fully compliant with EU law’
Fossil Energy

While ExxonMobil takes legal action, European Commission claims oil & gas windfall tax ‘fully compliant with EU law’

ExxonMobil has filed a lawsuit against the European Commission’s proposed windfall tax on fossil fuel companies’ profits.

about 3 years ago
Reevaluation and new discovery push Türkiye’s Black Sea natural gas reserves up
Fossil Energy

Re-evaluation and new discovery push Türkiye’s Black Sea natural gas reserves up

Türkiye’s natural gas reserves in the Black Sea have been increased, following a new gas discovery and an upward revision of a previous one.

about 3 years ago
Following upgrades, two jack-up rigs kick off their new drilling gigs
Fossil Energy

Following upgrades, two jack-up rigs kick off their new drilling gigs

Arabian Drilling has completed the upgrades on its new offshore rigs, which have now embarked on their new drilling assignments.

about 3 years ago
Two jack-up rigs win long-term deals
Fossil Energy

Two jack-up rigs win long-term drilling assignments

Borr Drilling has secured long-term deals for two jack-up rigs with undisclosed oil and gas companies in the Middle East and Southeast Asia.

about 3 years ago
Safe Notos; Source: Prosafe
Fossil Energy

Prosafe taking part in four tenders to win more work for its vessels

Offshore accommodation provider Prosafe is partaking in four ongoing tenders to secure more assignments for its fleet of vessels.

about 3 years ago
November brings lower oil & gas output for Norway
Fossil Energy

November brings lower oil & gas output for Norway

Norway’s oil and gas production fell behind the Norwegian Petroleum Directorate’s predictions in November 2022.

about 3 years ago
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