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Fossil Energy - Offshore Energy

Fossil Energy

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Fossil Energy

In focus: Redefining the offshore energy environment

Energy transition is bringing with it an intricate mix of options for the offshore energy and shipping sectors.

about 5 years ago

Fossil Energy

Saudi yard inks deal to localize rig product manufacturing

International Maritime Industries (IMI), the largest maritime yard in the MENA region, has signed a long-term agreement with JSA Loadmaster.

about 5 years ago

Fossil Energy

Noble to sell four jack-up rigs for $292 million

Noble Corporation has reached a definitive agreement to sell four jack-ups to ADES International for $292 million.

about 5 years ago

Fossil Energy

Hydrogen enjoying unprecedented momentum as one of the pillars in energy transition

Hydrogen, described as a game-changer, a holy grail, and a key pillar in the energy transition process, is enjoying unprecedented momentum.

about 5 years ago

Fossil Energy

ADNOC inks deals worth nearly $1 billion with 8 top-tier contractors

ADNOC has signed framework agreements for Concept and FEED services with eight different contractors with a total value of nearly $1 billion.

about 5 years ago

Fossil Energy

Kent finalises buy of SNC-Lavalin’s oil and gas business

Dubai-based energy services company Kentech has completed the acquisition of Canada-based SNC-Lavalin’s oil and gas business.

about 5 years ago

Fossil Energy

ADNOC, Roll Group form oil and gas heavy lifting and transport partnership

ADNOC Logistics & Services (ADNOC L&S), the shipping and maritime logistics arm of the Abu Dhabi National Oil Company (ADNOC), has created a strategic partnership with Roll Group to strengthen its turnkey integrated logistics offering.

about 5 years ago

Illustration (Courtesy of Dominion Energy)

Fossil Energy

In focus: Energy transition steadily gaining pace across the globe

The offshore energy sector has this week witnessed the unwavering nature of energy transition which is bound to continue – hopefully at an accelerated pace – as the nature itself steps up its cries for protection by employing the ‘shock and awe’ tactics which set many areas of the world ablaze due t

about 5 years ago

Fossil Energy

ABS forms group to address safety issues on ageing global FPSO fleet

The American Bureau of Shipping (ABS) has brought together leading companies in the FPSO sector to address the safety challenges produced by an ageing fleet.

about 5 years ago

Photo of DEME's new cutter suction dredger (CSD) Spartacus (Courtesy of DEME)

Fossil Energy

In focus: The energy transition in high summer

Although we are in the midst of the summer holidays and mails are returned with out-of-office messages, some moves were made on the offshore energy chess board. Moves that show that the strategy of the game is changing towards a more sustainable future. In this weekly update recent developments from

about 5 years ago

Fossil Energy

Two new deals awarded for Qatar’s giant offshore oilfield

North Oil Company, the operator of the Al-Shaheen field offshore Qatar, has awarded contracts to PTSC and to Rosetti Marino.

about 5 years ago

Orbital's O2 tidal turbine (Courtesy of Orbital Marine Power) - low-carbon

Fossil Energy

In focus: The pursuit of low-carbon business prospects

This week’s focus was on making vessels greener, low-carbon strategies, green hydrogen, and building a sustainable future.

about 5 years ago

Fossil Energy

Kent completes takeover of SNC-Lavalin’s oil and gas division

Dubai-based energy services firm Kent has completed the acquisition of SNC-Lavalin’s oil and gas division.

about 5 years ago

Saudi Arabia’s Minister of Energy - OPEC

Fossil Energy

OPEC & allies agree to boost output from August and phase out cuts in September 2022

OPEC and allies have agreed to increase oil production starting from August 2021 with plans to end production cuts by end of September 2022.

about 5 years ago