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Carbon capture, utilisation and storage capacity to increase ‘seven-fold’ by 2050 to reach net-zero, says WoodMac

Fossil Energy

WoodMac: For net-zero by 2050, carbon capture, utilisation and storage needs ‘seven-fold’ boost

As global CCUS capacity is nearing 1 billion tonnes per annum, Wood Mackenzie believes that more is needed to meet net-zero goals by 2050.

about 4 years ago

Fossil Energy

Latest rig addition brings ADNOC Drilling’s offshore jack-up fleet to 28 units

ADNOC Drilling has inked a deal to acquire an additional premium offshore jack-up drilling rig as part of its fleet expansion programme.

about 4 years ago

India’s Aban completes delayed sale of rig to ADES

Fossil Energy

India’s Aban brings delayed rig sale to a close

India’s Aban Offshore has completed the sale of a jack-up drilling rig to ADES International, which was postponed on several occasions.

about 4 years ago

Rystad sees hard times ahead for Russia’s upstream sector even though it rebounded strongly

Fossil Energy

Despite strong rebound, Rystad sees hard times ahead for Russia’s upstream sector

Despite the resilience shown by Russia’s upstream sector beset with sweeping sanctions, Rystad Energy believes “the worst is yet to come.”

about 4 years ago

Fossil Energy

Repurposed jack-up rig sets sail for Gabon oil project

BW Energy has revealed that a former jack-up rig, which was converted to an offshore production unit, is on its way to Gabon.

about 4 years ago

Fossil Energy

Oil & gas maintenance managers facing equipment and procedure challenges

In a recent study, the oil & gas maintenance managers have voiced concerns over growth in procedures and the lack of equipment reliability.

about 4 years ago

Rystad says this year’s high-impact oil & gas drilling activity on track to yield ‘one of the most productive annual volumes’ ever recorded

Fossil Energy

Rystad: 2022 high-impact oil & gas drilling activity on track to yield ‘one of the most productive annual volumes’

Rystad: Drilling success rate is set to rebound this year with the potential to result in one of the highest hydrocarbon volumes total on record.

about 4 years ago

Fossil Energy

In focus: Heatwaves everywhere, but winter is coming

The words energy transition were on everybody’s lips in the last couple of years, but policymakers from European countries now see that in the short term energy security is more relevant than an energy transition.

about 4 years ago

ADNOC L&S rakes in $1.17 bln in new deals

Fossil Energy

ADNOC L&S rakes in $1.17 billion in new deals

ADNOC L&S has been awarded a contract totalling $1.7 billion by ADNOC Offshore for jack-up barges to support production capacity growth.

about 4 years ago

ADNOC Drilling scopes mega deals worth over $3.4 billion to unlock UAE’s energy resources

Fossil Energy

ADNOC Drilling scoops up mega deals worth over $3.4 billion

ADNOC Offshore has awarded two contracts worth more than $3.4 bln to ADNOC Drilling for eight rigs to expand offshore drilling activities.

about 4 years ago

Fossil Energy

McDermott wins more work for QatarEnergy’s North Field expansion

McDermott has secured a front-end engineering design (FEED) contract with state-owned oil and gas company QatarEnergy for the North Field South (NFS) expansion project. Under the contract, McDermott will be in charge of developing FEED studies for offshore and onshore pipelines, cables, and associat

about 4 years ago

Fossil Energy

‘Robust pipeline of opportunities’ for Noble rigs

Offshore drilling contractor Noble Corporation is seeing an increase in demand for offshore drilling rigs.

about 4 years ago

Fossil Energy

In focus: Boosting energy transition by joining forces

The last weeks witnessed the major industry players joining forces for energy transition programs and decarbonising their operations and production. By working together, they will be able to achieve the climate goals faster, ensuring that energy transition mechanisms become more attainable and cheap

about 4 years ago

Fossil Energy

Westwood sees signs of recovery in high-impact exploration activity

Westwood is seeing a rebound in high-impact exploration this year with expectations for it to pick up in the second half.

about 4 years ago