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Oil & Gas

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Environmental Defense Fund Europe (EDFE)
Oil & Gas

COP28 brings ‘historic’ action as 50 oil & gas players pen decarbonization charter

A global decarbonization charter, inked by 50 oil and gas firms to speed up climate action, will have a high-scale impact within the industry.

about 2 years ago
Prysmian's Leonardo da Vinci cable laying vessel; Source: Prysmian
Oil & Gas

Dive into: Multi-million and billion-dollar deals, interconnectors, innovations, acquisitions, and vessel jobs

The maritime and offshore energy industries share a decarbonization drive and seek to develop long-term net zero solutions to combat climate woes.

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about 2 years ago
Well-Safe Defender rig; Source: Well-Safe Solutions
Oil & Gas

BP hands out multi-year global master agreement to Well-Safe Solutions

BP has hired Well-Safe Solutions on a long-term global master agreement for well engineering and decommissioning support services.

about 2 years ago
Illustration; Source: International Energy Agency (IEA)
Oil & Gas

Decision time for oil & gas industry: Embrace green energy shift or keep fueling climate crisis

The International Energy Agency (IEA): The time has come for the oil and gas industry to take a firm stand during the transition era.

about 2 years ago
Stena Forth drillship; Source: Stena Drilling
Oil & Gas

Shell finds gas in Mediterranean Sea with Stena drillship

Shell Egypt, a subsidiary of oil major Shell, has made a new gas discovery in an offshore block located in Egypt’s Mediterranean Sea.

about 2 years ago
Santos
Oil & Gas

ADNOC and Santos embarking on carbon capture and storage with net zero at the heart of decarbonization quest

ADNOC has joined forces with Santos to pursue a pathway towards the potential development of a joint global carbon management platform.

about 2 years ago
Illustration; Source: TotalEnergies
Oil & Gas

In focus: Energy and maritime plays shaping greener future to wean the world off fossil fuels

This week saw Europe entrench its position as the decarbonization trailblazer, with the Netherlands, Germany, Norway, Denmark, and Belgium spearheading the new wave of projects.

23 minutes read
Illustration; Courtesy of Center for International Environmental Law (CIEL)
Oil & Gas

Report: Instead of emission silver bullet, offshore CCS rush deemed as fossil fuel extension cover-up

New report from the Center for International Environmental Law (CIEL) outlines that offshore CCS is not a solution to fossil fuel pollution.

about 2 years ago
Illustration; Source: TotalEnergies
Oil & Gas

TotalEnergies draws attention to slow energy transition progress, urging developed economies to support Global South’s transformation

TotalEnergies has published its new annual energy outlook, presenting scenarios for the evolution of demand and the global energy system to contribute to the energy transition’s debate in the run-up to COP28.

about 2 years ago
Illustration; Source: International Energy Agency (IEA)
Oil & Gas

COP28: Sketching decarbonization roadmap with phase-out of fossil fuels as the centerpiece to get global net-zero efforts on track

COP28 is seen as a beacon of hope to devise a transformational roadmap in a bid to get the global energy transition undertaking on track.

about 2 years ago
Dr. Sultan Al Jaber, COP28 President
Oil & Gas

Will COP28 live up to the hype and establish an energy transition roadmap leaving no one behind?

The UAE plans to spearhead efforts at COP28 for a clear roadmap to step up net zero progress through “a pragmatic global energy transition.”

about 2 years ago
Kingdom 1 jack-up rig; Source: ARO Drilling
Oil & Gas

WATCH: ARO Drilling and IMI hold naming ceremony for first of 20 planned newbuild jack-up rigs

ARO Drilling and International Maritime Industries held a naming ceremony for the first Saudi-operated and manufactured offshore jack-up rig.

about 2 years ago
Illustration; Source: International Energy Agency (IEA)
Oil & Gas

Report: Fossil fuel age not running out of gas, as production ramp-up undermines net-zero transition

A new report warns that plans to scale up fossil fuels threaten net-zero targets, derailing the transition to a sustainable future in line with the 1.5°C warming limit.

about 2 years ago
Valaris 121 rig; Source: Valaris
Oil & Gas

Valaris anticipates ‘meaningfully’ higher profits in next two years, as rig market tightens further

Valaris has recorded a strong operational and financial performance during the third quarter of 2023, thanks to a rise in rig demand and day rates.

about 2 years ago