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Fossil Energy

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Oil & GasSubseaBusiness & FinanceBusiness Developments & ProjectsCollaborationExploration & ProductionProject & TendersLiquefied Natural GasLow-Carbon TransitionRigsAuthorities & GovernmentRegulation & PolicyRules & RegulationSafetyHuman CapitalSurveys & InterventionsCarbon Capture Usage & StorageEnvironmentOutlook & StrategyTransitionVisionFPSO & VesselsVessels & VehiclesVessels
Bay du Nord FPSO development concept; Source: Equinor
Fossil Energy

Subsea7 and OneSubsea hired to work on Wisting and Bay du Nord oil projects

Subsea Integration Alliance, comprising OneSubsea and Subsea7, has won a long-term strategic agreement with Equinor.

about 2 years ago
Illustration; Courtesy of Shell
Fossil Energy

Shell collects $7.7 billion in profit against backdrop of lower energy prices

Shell has made strides in the pursuit of its strategy, which aims to bring more energy to the fore with a reduced emissions footprint.

about 2 years ago
Deepsea Nordkapp rig; Source: Odfjell Drilling
Fossil Energy

New task for Odfjell Drilling related to rig non-conformities stemming from emergency preparedness management

Odfjell Drilling has been asked to handle the identified non-conformities and improvement points regarding emergency preparedness management at a semi-submersible rig, which is working on the Norwegian Continental Shelf (NCS).

about 2 years ago
Illustration; Credit: Morten Berentsen/Equinor
Fossil Energy

Norway’s oil & gas production beats forecasts

Norway recorded a slight rise in oil and gas production in March 2023 compared to the Norwegian Offshore Directorate’s predictions.

about 2 years ago
Deepsea Stavanger rig; Source: Odfjell Drilling
Fossil Energy

Equinor gets more info on oil discovery to gauge development option

Equinor has wrapped up drilling activities at an appraisal well in the Barents Sea off the coast of Norway with one of Odfjell Drilling’s rigs.

about 2 years ago
Valaris DS-9 drillship; Source: Valaris
Fossil Energy

New rig deals lift Valaris’ contract backlog to $4 billion

Valaris has expanded its contract backlog, thanks to a series of new contract awards and extensions with multiple oil and gas companies.

about 2 years ago
Illustration; Source: Archer
Fossil Energy

More time in UK for Archer thanks to $40 million extension deal

Oil services company Archer has landed a two-year contract extension for platform drilling services with an undisclosed company in the UK.

about 2 years ago
Illustration; Credit: Manfred Jarisch/Equinor
Fossil Energy

Equinor sees downturn in oil & gas workers’ injury frequency

Equinor has provided safety results for the first quarter of 2024, reporting no serious well control incidents.

about 2 years ago
Deepwater Titan drillship; Source: Transocean
Fossil Energy

Transocean anticipates more long-term rig deals over next few months

Transocean is looking forward to securing new assignments for its rig fleet, thanks to the high demand for offshore drilling services on the global oil and gas stage.

about 2 years ago
Equinor, Aker BP and Vår Energi among applicants for Norwegian CO2 storage licenses
Fossil Energy

Equinor, Aker BP and Vår Energi among applicants for Norwegian CO2 storage licenses

Eight companies have submitted their applications to the Norwegian Ministry of Energy for CO2 storage licenses for two areas on the Norwegian Continental Shelf (NCS). Aker BP, Equinor Low Carbon Solution, Lime Petroleum, Northern Lights JV, OMV (Norge), PGNiG Upstream Norway, Vår Energi and Wintersh

about 2 years ago
Shelf Drilling Fortress jack-up rig; Source: Shelf Drilling
Fossil Energy

North Sea operator books Shelf Drilling rig for ops in UK waters

Shelf Drilling has won a new deal for one of its jack-up rigs for operations on the UK Continental Shelf (UKCS).

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

UK’s political and fiscal regime hampers Deltic’s ability to fund its share of appraisal costs for North Sea discovery

Deltic Energy is still on the lookout for a farm-out partner to ensure that its share of costs will be secured for the appraisal of a gas discovery in the North Sea.

about 2 years ago
Two contracts with Petrobras to bring over $192 million to DOF
Fossil Energy

Two contracts with Petrobras to bring over $192 million to DOF

Norwegian vessel owner DOF Group has secured multiple contracts with Brazilian state-owned oil and gas giant Petrobras expected to generate revenue beyond $192 million. Following a competitive tender process, Petrobras awarded new long-term charter and service contracts to Norskan Offshore and DOF S

about 2 years ago
Illustration; Source: OMV
Fossil Energy

OMV steps up its methane reduction game by joining UN program for curbing such emissions

OMV is the latest in the long line of oil and gas players that have thrown their support behind the Oil & Gas Methane Partnership (OGMP 2.0).

about 2 years ago
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