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Low-Carbon Transition

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Goliat; Source: Var Energi
Low-Carbon Transition

Round-up: New oil & gas discoveries take center stage as LNG momentum grows

As the offshore energy sector sees advancements in exploration, infrastructure expansion, LNG diversification, and carbon management initiatives, new discoveries in Norway reinforce the ongoing oil and gas dominance. International players, such as Shell, Equinor, Chevron, and Petrobras are reshaping

about 10 months ago
Ras Laffan petrochemicals project in Qatar (aerial view); Source: CPChem
Low-Carbon Transition

QatarEnergy handpicks contractor for CCS project set to decarbonize its LNG production facilities

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Qatar’s state-owned oil and gas giant QatarEnergy has chosen Samsung C&T Corporation as the contractor, which will breathe life into a giant carbon capture and sequestration (CCS) project designed to serve the Persian Gulf state’s existing liquefied natural gas (LNG) production facilities.

about 11 months ago
Darwin LNG; Source: Santos
Low-Carbon Transition

$19 billion merger deal is off: ADNOC’s XRG ends takeover talks with Santos

A consortium run by XRG, a subsidiary of Abu Dhabi National Oil Company (ADNOC), which includes Abu Dhabi Development Holding Company (ADQ) and global investment firm Carlyle, has withdrawn its $18.7 billion non-binding indicative offer for Australia’s energy player Santos.

about 1 year ago
FSRU Hoegh Galleon; Source: Höegh LNG
Low-Carbon Transition

Chevron, Höegh Evi, SLB, and Energean helping Egypt expand energy horizons to fuel its future

Given the ongoing global energy security concerns, Egypt has taken further steps to deepen energy alliances with international players, including Chevron, Hoegh Evi, SLB, and Energean. These and similar undertakings are paving the way to boost exploration, liquefied natural gas (LNG), and sustainabi

about 1 year ago
Illustration; Source: Rystad Energy
Low-Carbon Transition

Potential imbalance in oil demand and supply on the cards

With data showing the availability of proven reserves for only 14 years of current production, Rystad Energy, an energy market intelligence group, has pointed out that in a scenario where oil demand is on the rise, supply may struggle even with high prices, but if the energy transition gets a boost,

about 1 year ago
Illustration; Source: Santos
Low-Carbon Transition

$19 billion Santos takeover in limbo: Four-week deadline extension looms as talks continue

Santos is facing a multi-week extension of the deadline for the negotiations surrounding an $18.7 billion non-binding indicative offer made by a consortium spearheaded by XRG, a subsidiary of Abu Dhabi National Oil Company (ADNOC), which entails Abu Dhabi Development Holding Company (ADQ) and global

about 1 year ago
Al Zuwair LNG vessel; Source: NYK
Low-Carbon Transition

QatarEnergy’s LNG carrier fleet becomes one vessel richer

A joint venture encompassing Japanese shipping companies NYK and Kawasaki Kisen Kaisha (K Line), Malaysia’s energy-related maritime services provider MISC, and China LNG Shipping (Holdings) Limited (CLNG) has taken delivery of a new liquefied natural gas (LNG) carrier built for QatarEnergy, as part

about 1 year ago
ADNOC Gas' Das Island LNG facility; Source: HS Switchgear FZCO
Low-Carbon Transition

UK player’s decarbonization tech kicks off its test run at ADNOC’s oil & gas assets

Oxford Flow, the UK-headquartered valve solution and flow control equipment specialist, has embarked on a trial of its new valve technology at two oil and gas assets operated by the UAE-headquartered Abu Dhabi National Oil Company (ADNOC) to demonstrate the commercial and environmental benefits of t

about 1 year ago
SUMMER SALE: Up to 50% off on advertising on offshore-energy.biz
Low-Carbon Transition

SUMMER SALE: Up to 50% off on advertising on offshore-energy.biz

Offshore Energy has launched a summer sale with up to 50% off on advertising packages, ending on July 31. Use this opportunity to book your advertising campaign and multiply ways to increase exposure to the industry! Get 15% off for one, 25% off for two, and 50% off for three products or more. Conta

about 1 year ago
MethaneSAT Data Rendering; Credit: MethaneSAT
Low-Carbon Transition

Satellite down for the count but fight against methane in oil & gas realm will go on

MethaneSAT has lost contact with a satellite developed to shed light on methane emissions that other tools cannot detect, with a focus on oil and gas operators as the largest industrial source of the methane menace.

about 1 year ago
Chevron-operated Leviathan gas asset; Source: NewMed Energy
Low-Carbon Transition

Another gas asset switching back to online mode in the wake of Israel-Iran ceasefire

Chevron has received the green light to restore production from its giant natural gas field off the coast of Israel, as the dust continues to settle over the U.S.-arranged Israel-Iran ceasefire deal in the Middle East.

about 1 year ago
EnerMech recently won its first major decommissioning campaign in the U.S. Gulf region with ExxonMobil; Source: EnerMech
Low-Carbon Transition

Interview: High-growth regions, subsea, and FPSO jobs unlocking EnerMech’s resilience in energy realms

EnerMech, an Aberdeen-headquartered integrated solutions specialist, has pinpointed the focus on high-growth regions, subsea work, and floating production, storage, and offloading (FPSO) assignments as its tripartite resilience formula, which it uses as keys to achieving resilience against the backd

about 1 year ago
Chevron-operated Leviathan gas asset; Source: NewMed Energy
Low-Carbon Transition

Oil & gas price uptick and vessel rerouting as Israel-Iran conflict keeps markets on edge

A spike in crude oil prices and tweaks to ships’ regular routes are some of the key indicators of uncertainty enveloping energy and shipping markets in the wake of Israel’s attack on Iran, as both countries turn off their giant offshore hydrocarbon production taps for safety reasons.

11 minutes read
Artist's rendering of the Ruwais LNG concept design; Source: ADNOC
Low-Carbon Transition

Five-year plan puts ADNOC’s XRG on path toward gas and LNG expansion

XRG, a wholly-owned subsidiary of the UAE’s Abu Dhabi National Oil Company (ADNOC), has received endorsement from its board of directors for its five-year business plan, pointing it in the direction of creating a top five integrated global gas and liquefied natural gas (LNG) business with 20–25 mill

about 1 year ago