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Fossil Energy

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Transocean Enabler rig (for illustration purposes); Source: Transocean

Fossil Energy

International offshore rig count two units down in February

Baker Hughes’ rig count report shows that two rigs left the working international offshore fleet in February 2024.

about 2 years ago

David Thompson, Trillion interim CFO; Source: Trillion Energy

Fossil Energy

While on the hunt for new CFO, Trillion hand-picks interim one

Canada’s oil and gas player Trillion Energy has appointed an interim CFO and is on the lookout for someone to fill the role permanently.

about 2 years ago

Fossil Energy

Canada’s first LNG export facility set for commissioning activities

Canada’s first LNG export facility, the Shell-led LNG Canada project in Kitimat, British Columbia, is nearing completion of the first phase, with commissioning and start-up activities about to begin. Construction work at the LNG Canada facility is almost complete and commissioning and start-up activ

about 2 years ago

Fossil Energy

Cedar LNG FID postponed for mid-2024

Cedar LNG, a partnership between the Haisla Nation and Canadian energy infrastructure company Pembina Pipeline, has revealed that a final investment decision (FID) for the Cedar LNG project has been put off until the middle of 2024 despite numerous achievements. Cedar LNG said that a number of sched

about 2 years ago

Illustration; Source: Frontier Centre for Public Policy (FCPP), an independent Canadian public policy think tank

Fossil Energy

No more oil & gas permits off Canada’s Pacific coast

Canada has seized control of all 227 offshore oil and gas exploration and production permits off its Pacific coast, putting a stop to further hydrocarbon extraction activities in this area.

about 2 years ago

Fossil Energy

Shell’s new projects benefiting from ABL’s ‘one-stop solution’ for asset management

Shell is set on employing a cloud-based master data build and optimization software from ABL across various new projects to achieve asset management efficiencies.

about 2 years ago

Sevan Louisiana semi-sub (for illustration purposes); Source: Seadrill

Fossil Energy

International offshore rig count activity gets a boost in January

Baker Hughes’ rig count report shows that more than one rig joined the working international offshore fleet in January 2024.

about 2 years ago

Fossil Energy

16-year-old vessel returns to VARD for conversion

A Canadian company active in the offshore oil & gas and energy sectors has appointed Norway’s VARD to convert a platform supply vessel (PSV) that it built 16 years ago into a cable-laying vessel (CLV). I.T. International Telecom Marine (IT) is a Halifax-based marine network installer offering deskto

about 2 years ago

Fossil Energy

Trafigura seals long-term LNG deal with Canada’s largest natural gas producer

Commodities trading group Trafigura has inked a long-term LNG agreement with Canada’s largest natural gas producer Tourmaline, marking the first time the two parties have signed such an agreement. Tourmaline said it increased its exposure to JKM by entering into a netback agreement with Trafigura ba

about 2 years ago

U.S. Naval Forces Central Command/U.S. 5th Fleet

Fossil Energy

Red Sea crisis escalation: US-UK airstrikes, Houthis’ vessel attacks, spike in oil prices, and tanker trade slowdown

Recent events in the Red Sea have added fuel to the growing fears about the possibility of a wider conflict breaking out across the Middle East, prompting further concerns over oil flows, supply chains, and energy prices in the region and beyond.

15 minutes read

Fossil Energy

Canada’s Ksi Lisims LNG concludes first LNG offtake agreement with Shell

Canada’s Ksi Lisims LNG, a co-development of the Nisga’a Nation, Rockies LNG, and Western LNG, has signed a 20-year LNG sale and purchase agreement (SPA) with Shell. This is the first LNG offtake agreement executed by Ksi Lisims LNG. Under the agreement, Shell will purchase 2 million tonnes of LNG p

about 2 years ago

Deepsea Bollsta rig, formerly known as West Bollsta (for illustration purposes); Source: Odfjell Drilling

Fossil Energy

December brings international offshore rig count activity to a standstill

Baker Hughes’ rig count report shows that no new rigs joined the working fleet in December 2023.

about 2 years ago

Fossil Energy

Samsung Heavy, Black & Veatch to work on Cedar LNG’s FLNG unit

Cedar LNG, a partnership between the Haisla Nation and Canadian energy infrastructure company Pembina Pipeline, has selected South Korean shipbuilding major Samsung Heavy Industries (SHI) and U.S. LNG infrastructure solutions company Black & Veatch to provide engineering, procurement and constructio

about 2 years ago

Illustration; Source: The International Energy Agency (IEA)

Fossil Energy

COP28’s impact on LNG spree: Will decarbonization moves throw oil & gas players off their game?

Will the anticipated global build-out of liquefied natural gas (LNG) projects continue or will many of these projects come to an abrupt end?

15 minutes read