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Fossil Energy

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EnQuest gives out HVAC contract for its UKCS assets
Fossil Energy

EnQuest gives out HVAC services contract for its UKCS assets

London Stock Exchange-listed energy player EnQuest has awarded engineering, procurement, and construction (EPC) services provider Nexos, formerly known as Global E&C, with a contract for heating, ventilation, and air conditioning (HVAC) services for its offshore assets on the UK Continental Shelf (U

about 2 years ago
Sval Energi exits Norwegian Sea development by selling share to Equinor
Fossil Energy

Sval Energi exits Norwegian Sea development by selling share to Equinor

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Norwegian energy company Sval Energi has signed an agreement with compatriot state-owned Equinor to sell its 11.8% share in the Halten East Unit in the Norwegian Sea, enabling Equinor to increase its ownership to 69.5%. Located in the Kristin-Åsgård area in the Norwegian Sea, Halten East is an ongoi

about 2 years ago
Altera
Fossil Energy

Altera Infrastructure lets go of Altera Shuttle Tankers

Altera Infrastructure Holdings, a wholly-owned subsidiary of the UK-based energy services provider Altera Infrastructure, has entered into an agreement to sell all of its membership interests in Altera Shuttle Tankers to Maistros Shiptrade, a company affiliated with the Greek shipping major Angelico

about 2 years ago
A vessel at sea
Fossil Energy

Akastor becoming majority owner of Akofs thanks to $22.5 million deal with Japanese player

Norway-based oil services investment company Akastor has signed an agreement with Japan’s Mitsui & Co. to purchase the latter’s shares in Akofs Offshore, an Oslo-headquartered provider of vessel-based subsea well construction and intervention services.

about 2 years ago
An offshore platform onboard a barge during maritime transport
Fossil Energy

Decade-long decom ops at Shell’s UK oil & gas field enter home stretch as final mammoth topside is skidded quayside

The last remaining topside from a Shell-operated oil and gas field situated northeast of the Shetland Islands has been lifted to the quay by Dutch heavy lifting and transport provider Mammoet.

about 2 years ago
Offshore rigs
Fossil Energy

Oil & gas license duo offshore Denmark formally changes hands following approval by Danish Energy Agency

The Danish Energy Agency (DEA) has cleared the transfer of ownership shares in two oil and gas licenses in the Danish sector of the North Sea.

about 2 years ago
Sea1 orders two methanol-ready offshore energy support vessels from China
Fossil Energy

Sea1 orders two methanol-ready offshore energy support vessels from China

Norwegian vessel operator Sea1 Offshore, formerly known as Siem Offshore, has placed an order with Chinese shipyard Cosco Shipping for two next-generation offshore energy support vessels (OESVs) that will be methanol-ready. Bernt Omdal, CEO of Sea1, said that the investment is part of the company’s

about 2 years ago
Shell pauses Gulf of Mexico drilling, transfers personnel to shore due to hurricane forecast
Fossil Energy

Shell pauses Gulf of Mexico drilling, transfers personnel to shore due to hurricane forecast

UK-headquartered energy giant Shell has paused certain drilling operations and began transferring non-essential personnel to shore from its Gulf of Mexico assets amid disturbance likely to become a hurricane. Shell reported on Monday, November 4, that it had started transferring non-essential person

about 2 years ago
North Sea; Source: OEUK
Fossil Energy

Wheels up to change rules of oil & gas game in UK waters while windfall tax hike gets green light

The United Kingdom (UK) plans to embark on consultations to come up with new environmental guidance for offshore oil and gas projects in the aftermath of the recent Supreme Court ruling.

13 minutes read
Two men sitting at a desk with two women standing behind them
Fossil Energy

TotalEnergies supplying Sinopec with LNG well into 2040s

France’s energy giant TotalEnergies has inked a heads of agreement (HoA) with China Petrochemical Corporation (Sinopec) for a multi-year sale of liquefied natural gas (LNG).

about 2 years ago
Argeo signs eight-year data agreement with Suriname’s oil & gas regulator
Fossil Energy

Argeo signs eight-year data agreement with Suriname’s oil & gas regulator

Norway’s subsea services provider Argeo has entered into an eight-year agreement with Staatsolie, Suriname’s oil and gas regulator and state oil company, for the acquisition, processing and sales of multi-client data in Suriname. The execution of the agreement will be performed in several phases ove

about 2 years ago
An engineer wearing safety harness onboard a vessel
Fossil Energy

Younger generations key to securing energy sector’s future and tackling skills deficit, report suggests

As part of its My Energy Future initiative, the global non-profit safety and skills body for the energy industry OPITO has published a report on barriers preventing young people from entering the energy sector to glean insights into the steps stakeholders might take to make the industry more appeali

about 2 years ago
Chevron's Anchor deepwater project in Gulf of Mexico; Source: Chevron
Fossil Energy

Shell, BP, TotalEnergies, Eni, Equinor, ExxonMobil, Chevron, and ConocoPhillips get their hands on total profits of more than $29 billion

European and U.S. oil majors – the UK’s duo Shell and BP, France’s TotalEnergies, Norway’s Equinor, and Italy’s Eni alongside U.S.-based trio: ExxonMobil, Chevron, and ConocoPhillips – have posted strong sets of results even though they collected around $4.7 billion less in combined profit during th

14 minutes read
Rendering of gravity-based structure (GBS) design (for illustration); Source: Aker Solutions
Fossil Energy

Crown taking charge of LNG import terminals in UK and India

Crown LNG has concluded acquisition agreements related to two liquefied natural gas (LNG) import terminal projects, one in India and the other one in Scotland’s Firth of Forth.

about 2 years ago