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Fossil Energy

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Oil & GasBusiness & FinanceBusiness Developments & ProjectsLiquefied Natural GasProject & TendersExploration & ProductionOperations & MaintenancePipesSubseaSurveys & InterventionsVessels & VehiclesInfrastructureOutlook & StrategyRigsCollaborationFPSO & VesselsLow-Carbon TransitionCarbon Capture Usage & StorageMarket OutlooksTransition
Deepsea Yantai; Source: Odfjell Drilling
Fossil Energy

Norwegian duo’s asset exchange paving the way for North Sea oil & gas discovery’s development

An oil and gas discovery in the North Sea, which is expected to reap the benefits of a decision by two Norwegian oil and gas players, Aker BP and DNO, to swap assets, is now poised to witness an acceleration of its development off the coast of Norway.

about 11 months ago
Rendering of the Cedar LNG facility
Fossil Energy

Canadian West Coast LNG ambitions advance as Petronas signs 20-year liquefaction deal

Canada’s Pembina Pipeline Corporation has signed a long-term deal with Malaysia’s state-owned energy giant PETRONAS for liquefaction capacity at a liquefied natural gas (LNG) plant that the former is developing in Kitimat, Canada.

about 11 months ago
Rendering of Argentina LNG project; Source: YPF
Fossil Energy

ADNOC eyes coming aboard $50 billion LNG project with Eni and YPF in South America

Thanks to a deal with Italy’s energy giant Eni and Argentina’s oil and gas firm YPF, XRG, a subsidiary of the UAE-headquartered Abu Dhabi National Oil Company (ADNOC), has taken a non-binding step to join a proposed liquefied natural gas (LNG) project in Sierra Grande Norte, on the South American co

about 11 months ago
Sval Energi closes Equinor and Suncor deals worth $1.3 bln
Fossil Energy

Equinor keeps Aker Solutions busy on inspection missions across over 15 oil & gas assets

Norwegian state-owned energy giant Equinor is retaining Aker Solutions as its inspection services provider across more than 15 onshore and offshore facilities in Norway, thanks to a multi-year contract extension.

about 11 months ago
Map of blocks 9 and 10 offshore Suriname; Source: QatarEnergy
Fossil Energy

Petronas, QatarEnergy, Chevron and Staatsolie enlarge oil & gas portfolio with two blocks off Suriname

Suriname’s national oil company (NOC) Staatsolie Maatschappij Suriname (Staatsolie), Malaysia’s energy titan Petronas, U.S.-based oil major Chevron, and Qatar’s state-owned oil & gas giant QatarEnergy have signed up for two blocks off the coast of Suriname that were secured as part of a consortium d

about 11 months ago
SPA signing; Source: Vitol via LinkedIn
Fossil Energy

Louisiana FLNG project inching closer to FID with 20-year offtake deal

U.S.-based export infrastructure company Delfin LNG and energy and commodities company Vitol have signed a long-term heads of agreement (HoA) with International Resources Holding (IRH), a mine-to-market platform.

about 11 months ago
Illustration; Source: QatarEnergy
Fossil Energy

KBR tasked with engineering work on oilfield redevelopment project in Persian Gulf

U.S. science, technology, and engineering player KBR has been hired to handle a detailed engineering assignment for a hydrocarbon redevelopment project operated by Qatar’s state-owned oil & gas giant QatarEnergy off the Persian Gulf state’s coast.

about 11 months ago
Allseas to install export pipeline that will ‘significantly enhance’ Gulf of America oil transport capacity
Fossil Energy

Allseas to install export pipeline that will ‘significantly enhance’ Gulf of America oil transport capacity

Allseas has secured a contract for the installation of a new deepwater export pipeline for Shell that is set to significantly enhance oil transport capacity, flexibility and efficiency in the central part of Gulf of America (the U.S. Gulf of Mexico). The contract was awarded by pipeline operator She

about 11 months ago
Illustration; Source: ADNOC Drilling
Fossil Energy

ADNOC Drilling expands its presence across Gulf Arab states with new acquisition

ADNOC Drilling has widened its footprint in the Arab states of the Persian Gulf, thanks to a deal to obtain a majority stake in MB Petroleum Services (MBPS), a drilling and oilfield services (OFS) provider with operations in Oman, Kuwait, Saudi Arabia, and Bahrain.

about 11 months ago
TGS and Chevron ink long-term deal for deepwater seismic services
Fossil Energy

TGS and Chevron ink long-term deal for deepwater seismic services

Norwegian energy data and intelligence company TGS and U.S.-headquartered energy giant Chevron have signed a three-year capacity agreement for marine streamer and ocean bottom node (OBN) acquisition services. The parties plan to collaborate on seismic acquisition projects using TGS streamer and OBN

about 11 months ago
FPSO Norne; Source: Equinor
Fossil Energy

DNO swaps non-core assets with Aker BP for bigger slice of Norwegian field nearing startup

Norwegian oil and gas operator DNO has signed a deal with compatriot Aker BP to swap multiple assets on the Norwegian Continental Shelf (NCS).

about 11 months ago
Meridian purpose-built FPSO hull design; Courtesy of Yinson Production
Fossil Energy

Yinson Production’s CFO: Two new project bonds on the 2026 horizon to refinance FPSO duo

Foreseeing no financing woes to hinder its progress, Malaysia’s Yinson Production, a subsidiary of Kuala Lumpur-based energy infrastructure and technology company Yinson, is eyeing refinancing opportunities for two floating production, storage, and offloading (FPSO) units with new project bonds on t

about 11 months ago
Rendering of the Ruwais LNG concept design; Source: ADNOC
Fossil Energy

Shell lines up 15-year offtake from ADNOC’s mega LNG project

Abu Dhabi National Oil Company (ADNOC) has struck a multi-year liquefied natural gas (LNG) offtake deal with Shell International Trading Middle East Limited FZE, a wholly-owned subsidiary of the UK-based Shell, for its low-carbon LNG project, currently under development in the United Arab Emirates (

about 11 months ago
Aker BP gets the all-clear to use Maersk rig on North Sea field
Fossil Energy

Inpex adds three assets to Norwegian portfolio

Inpex Idemitsu Norge, a subsidiary of Japan’s Inpex, has completed the acquisition of three assets in Norwegian waters from Norway’s oil and gas company Pandion Energy.

about 11 months ago
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