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Fossil Energy

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Argus project; Source: north.io
Fossil Energy

Coming to grips with security risks: Germany backs project for keeping critical subsea infrastructure out of harm’s way

Given the worldwide rise in threats to energy and other underwater industries’ infrastructure such as offshore installations, pipelines, and cables, many countries, especially in Europe, have been upping their security ante to prevent further attacks.

13 minutes read
Wearable device; Source: Salunda
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Fossil Energy

BP handpicks red zone monitoring tech for North Sea well intervention ops

Salunda, a UK-headquartered firm specializing in red-zone safety monitoring technology, has inked a deal with energy giant BP to install its monitoring solution on the latter’s North Sea assets.

about 2 years ago
Illustration; Source: Wärtsilä
Fossil Energy

Seapeak turns to Wärtsilä for 16-year optimization of ten LNG vessels

Wärtsilä has secured a multi-year renewal of its lifecycle agreement with Seapeak Maritime, an independent owner-operator of LNG vessels.

about 2 years ago
Illustration; Source: Trillion Energy
Fossil Energy

End of perforation ops at Black Sea field spurs hopes for higher gas output post-tubing installation

Following perforation ops, Trillion Energy is anticipating a ramp-up in gas production once it wraps up the installation of velocity strings.

about 2 years ago
Clipper platform in the North Sea; Source: Viaro Energy
Fossil Energy

Shell and ExxonMobil downsize North Sea portfolio enabling British firm to snap up giant gas-producing assets in UK

Viaro Energy is expanding its gas footprint by taking over a 100% working interest in the UK Southern North Sea assets from Shell and ExxonMobil.

about 2 years ago
FSRU Prometheus; Source: COSCO Shipping
Fossil Energy

Potential procurement violations prompt probe into Cyprus’ LNG terminal

The European Public Prosecutor’s Office (EPPO) in Nicosia, Cyprus has launched an investigation into the country’s liquefied natural gas (LNG) import terminal project due to suspected procurement fraud, misappropriation of European Union (EU) funds, and corruption.

about 2 years ago
Illustration; Source: Saipem
Fossil Energy

Saipem and Curtiss-Wright enrich subsea playbook with new all-electric tool to prolong oil & gas assets’ life

Saipem has pooled resources with Curtiss-Wright to bring into play an all-electric seabed barrier fluid-less pump, marking a new milestone for the subsea applications toolbox.

about 2 years ago
Valaris 123 jack-up rig; Source: Valaris
Fossil Energy

Shell spins the drill bit in North Sea with Valaris rig

Shell has embarked on drilling operations at a high-impact gas prospect in the UK sector of the North Sea with a jack-up rig, owned by Valaris.

about 2 years ago
ETAP facility in the North Sea; Source: BP
Fossil Energy

BP gives multimillion-dollar job on North Sea oil & gas project to Subsea7 and OneSubsea

Subsea Integration Alliance, a strategic alliance between SLB’s OneSubsea and Subsea7, will handle work at BP’s subsea tie-back in the North Sea.

about 2 years ago
Ocean Apex rig; Source: Diamond Offshore
Fossil Energy

Noble-Diamond Offshore merger process is off to a good start: Will it prompt further rig market consolidation moves?

With two of the world’s top five floating rig contractors merging into one, the market consolidation trend is ripe for further such moves, bringing the possibility of transformation endeavors in existing business models and a potential shift in offshore rig supply and demand dynamics.

about 2 years ago
LNG terminal Illustration; Source: Aker Solutions
Fossil Energy

‘Critical milestone’ for Scotland’s floating LNG import terminal as British firm wins engineering design job

Crown LNG Holdings has picked a partner for the design and engineering of its planned FSRU import terminal in Scotland’s Firth of Forth.

about 2 years ago
Fluxys’ Zeebrugge, Belgium regasification terminal; Source: ConocoPhillips
Fossil Energy

ConocoPhillips secures multi-year LNG supply for Europe and Asia

ConocoPhillips has disclosed two long-term strategic agreements, enabling it to supply liquefied natural gas (LNG) to the European and Asian markets from 2027.

about 2 years ago
Illustration; Source: GTT
Fossil Energy

With 58 new additions to its order book, GTT more than doubles net profit

GTT has disclosed its semi-annual results, identifying higher revenues as one of the reasons for a two-fold growth in net income.

about 2 years ago
Transocean Spitsbergen rig; Source: Transocean
Fossil Energy

Transocean rigs fetch $656 million for eight drilling gigs

Transocean has landed multi-million contracts and extensions in the U.S. Gulf of Mexico, Norway, Australia, and Brazil for seven floaters, encompassing four drillships and three semi-submersible rigs.

about 2 years ago