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Fossil Energy

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Illustration; Source: Brava Energia
Fossil Energy

Energy outlook: Uncertainty and ‘resilient’ oil & gas to run the energy show in 2025

The world at large still runs on coal, oil, and gas, with the lion’s share of the energy mix controlled by these fuels.

14 minutes read
An offshore platform
Fossil Energy

WoodMac: low-carbon power central to energy transition, but replacing oil & gas will be a ‘gargantuan’ task

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Energy intelligence group Wood Mackenzie has published a report listing several key trends shaping the future of the energy sector, including three that are relevant to the offshore industry – the fast pace of China’s energy transition, a comparison of liquefied natural gas (LNG) and carbon capture

about 1 year ago
Noble Interceptor jack-up rig; Source: Noble Corporation
Fossil Energy

Greening offshore drilling: Rigs powered by alternative fuels in pursuit of low-emission era

As the offshore energy industry continues its gradual shift to low-carbon and renewable energy sources, offshore drilling players are intensifying their efforts to slash emissions on the path to a sustainable future. While drilling rigs largely run on diesel, which creates electricity to power the m

16 minutes read
UKSC development and decommission capex, from Wood Mackenzie
Fossil Energy

North Sea decommissioning grapples with delays despite government incentives

The North Sea decommissioning sector continues to face delays, as technical, regulatory, and financial hurdles prevent the rapid shutdown of offshore assets on the UK Continental Shelf (UKCS), according to a new analysis from Wood Mackenzie, an energy intelligence group. While the UK Government’s En

about 1 year ago
FPSO EmissionZero; Source: SBM Offshore
Fossil Energy

Harnessing cutting-edge technologies to shape next-generation FPSO future

While floating production storage and offloading (FPSO) units continue to dominate the deepwater offshore oil and gas projects’ scene, these systems are being adopted for offshore green energy production to unleash clean power from renewables.

13 minutes read
Noble Developer rig; Source: Noble
Fossil Energy

Rig market, oil & gas mergers and JV blockbuster moves mark 2024

A consolidation wave is sweeping across the challenging and shifting global energy landscape, as companies in the hydrocarbon exploration and production (E&P) and offshore drilling domains, alongside others across the entire energy industry and supply chain, race to secure their spots among the top

14 minutes read
Rendering of an LNG terminal
Fossil Energy

Report calls LNG ‘a false solution’ harming the climate, urging banks to stop financing export terminals

Non-governmental research and campaigning organization Reclaim Finance and BankTrack, an international tracking, campaigning, and civil society support organization targeting private sector commercial banks and the activities they finance, have published a report asking banks to stop financing lique

about 1 year ago
Offshore Energy Recap 2024
Fossil Energy

Readers’ choice: Offshore Energy’s most-read news of 2024

With increasing coverage of global energy transition efforts, but also energy security worries, keeping up with everything can be a challenge. To celebrate the year gone by, the Offshore Energy editorial team brings you the most-read stories on the site that defined the journey throughout 2024. $30

about 1 year ago
Illustration; Source: TotalEnergies
Fossil Energy

2024 energy plays in review: Uptick in renewables and clean tech, but oil & gas still hold energy security keys

As another turbulent year for the energy markets, 2024 witnessed a further escalation in geopolitical tensions and conflicts, leading to a mixed bag of achievements, missed opportunities, and rough energy seas not only for the goal of tripling clean sources of supply but also for dominant fossil fue

50 minutes read
Aerial view of an LNG terminal
Fossil Energy

Ukrainian player welcomes first US LNG cargo

Ukraine’s DTEK Group has taken delivery of its first liquefied natural gas (LNG) shipment from the United States which is expected to bolster the country’s energy security.

about 1 year ago
Subsea7 expands its scope for giant Black Sea gas project with IRM services
Fossil Energy

Subsea7 expands its scope for giant Black Sea gas project with IRM services

Subsea7 has secured a contract with Turkish Petroleum Offshore Technology Center (TP-OTC) to provide inspection, repair and maintenance (IRM) services for Türkiye’s largest natural gas field. The contract for the Sakarya gas field development in the Black Sea includes project management and engineer

about 1 year ago
Saipem's pipelayer en route to Türkiye's largest natural gas field
Fossil Energy

Saipem’s Castorone en route to Türkiye’s largest natural gas field for pipeline installation

Saipem’s pipelay vessel Castorone is on its way to the Black Sea where it will perform offshore pipeline installation for the second phase of Türkiye’s largest natural gas field. On its way to the Sakarya project, Castorone crossed the Dardanelles Strait early on December 26, covering a distance of

about 1 year ago
Second LNG-powered LCO2 carrier handed over to Northern Lights JV
Fossil Energy

Second LNG-powered LCO2 carrier handed over to Northern Lights JV

Northern Pathfinder, the second LNG-powered LCO2 carrier that will service the Northern Lights, has been delivered.

about 1 year ago
Scarabeo 8 rig; Source: Saipem
Fossil Energy

Saipem rig gearing up to spud Aker BP’s wildcat pair

Aker BP has received the Norwegian authorities’ blessing to drill two exploration wells in the Norwegian Sea, off the coast of Norway, with a semi-submersible rig owned by Italy’s Saipem.

about 1 year ago