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Fossil Energy

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McDermott's Batam facility
Fossil Energy

McDermott says Qatar award is one of the largest single contracts in company history

McDermott has confirmed a recent contract award with QatarEnergy, saying it is one of the largest single contracts McDermott has been awarded in its company history. The structures will be fabricated in a facility with low-carbon or renewable power as part of McDermott’s sustainability commitments.

about 4 years ago
Eni
Fossil Energy

Eni wins five new exploration licences in Egypt

Italian oil and gas company Eni has been awarded five new exploration licences by the Egyptian Ministry of Petroleum.

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about 4 years ago
Liza Destiny FPSO - ExxonMobil
Fossil Energy

After 2021 rebound, FPSO market to continue going strong in 2022, Rystad says

The market for FPSO units almost brushed off the pandemic’s effect in 2021 and is likely to continue apace in 2022, Rystad Energy says.

about 4 years ago
ADNOC
Fossil Energy

ADNOC investing nearly $1 billion in long-term development of giant offshore field

UAE’s state-owned energy giant ADNOC will be investing nearly $1 billion in the long-term development of the Umm Shaif field.

about 4 years ago
Valaris 250 rig
Fossil Energy

Valaris strikes new long-term deals with ARO Drilling

Offshore rig owner Valaris has been awarded new bareboat charter agreements with ARO Drilling for several jack-up rigs.

about 4 years ago
NPCC
Fossil Energy

UAE’s NPCC lands $2.2 billion award with Saudi Aramco

Saudi oil and gas giant Saudi Aramco has awarded a contract for an offshore project to UAE’s NPCC worth around $2.2 billion.

about 4 years ago
orth Field off Qatar
Fossil Energy

‘Momentous milestone’ for QatarEnergy as contract for North Field expansion goes to McDermott

QatarEnergy has awarded a major EPCI contract for the offshore scope of its North Field Expansion Project to McDermott.

about 4 years ago
Happy New Year from Offshore Energy team
Fossil Energy

Happy New Year from Offshore Energy team

Happy New Year from Offshore Energy team

about 4 years ago
Middle East
Fossil Energy

Middle East facing uphill battle to meet net-zero, S&P Global Platts says

S&P Global Platts Analytics expects the Middle East to struggle to reach net-zero targets as emissions from oil & gas are expected to rise.

about 4 years ago
Jan De Nul
Fossil Energy

Jan De Nul lands its biggest cable deal for $3.6bln Middle Eastern project

Jan De Nul and Samsung C&T consortium has secured a contract, regarded as the biggest cable installation contract in Jan De Nul’s history, to deliver an HVDC cable and convertors package for the $3.6 billion ADNOC-TAQA Lightning Project.

about 4 years ago
Carbon capture & sequestration market to reach $7 billion by 2028 bolstered by increased investments in carbon removal, Fortune Business Insight says
Fossil Energy

CCS market to reach $7 bln by 2028 bolstered by increased investments, Fortune Business Insight says

Fortune Business Insights expects the CCS market to grow to $7 bln by 2028 aided by rising investments in the energy transition initiatives.

about 4 years ago
In focus: Energy transition driven by global innovations and collaborations
Fossil Energy

In focus: Global innovations and collaborations take the wheel of energy transition

The direction of the global transition to clean energy is getting more refined each week, as more of the world’s energy majors start investing in innovation and collaboration to shift energy production away from GHG-heavy sources.

about 4 years ago
Valaris 8505
Fossil Energy

Oil & gas discoveries in 2021 to hit lowest level in 75 years, Rystad says

An analysis of oil and gas discoveries in 2021 by Rystad has revealed that discovered volumes are on track to hit lowest level in 75 years.

about 4 years ago
Hitachi Energy goes big with contract for first Middle East subsea transmission system
Fossil Energy

Hitachi goes big with contract for first Middle East subsea transmission system

Hitachi Energy has won a major contract for what is said to be the first-of-its-kind high-voltage, direct current (HVDC-VSC) subsea power transmission system in the Middle East and North Africa (MENA) region. As part of the order from Samsung C&T Corporation, Hitachi will connect ADNOC’s offshore op

about 4 years ago