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Fossil Energy

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Subsea7 has won a “sizeable” contract for subsea infrastructure in the U.S. Gulf of Mexico, described as one worth between $50 and $150 million.
Fossil Energy

Subsea7’s backlog remains ‘robust’ with high tendering in subsea and offshore wind

Subsea7 has reported a “robust” backlog of $10.4 billion in its financial results for the first quarter of 2024, with tendering activity high in both the subsea and offshore wind sectors. To remind, in the financial results for the full year of 2023, Subsea7 reported it had secured $7.4 billion of c

about 2 years ago
TEN-T
Fossil Energy

European Parliament okays revised TEN-T to accelerate industrial decarbonization

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The European Parliament has taken a significant step towards incentivizing a robust CO2 transport infrastructure as it approved the regulation on the Trans-European Transport Network (TEN-T).

about 2 years ago
Congo FLNG; Source: Eni
Fossil Energy

Sharp fall in gas prices brings Eni slump in profit

With natural gas prices being nearly cut in half, Italy’s energy giant Eni has seen a 46% drop in net profit in the first quarter of 2024 compared to the sum collected in the same period last year.

about 2 years ago
FPF-1 facility; Source: Ithaca Energy
Fossil Energy

Eni and Ithaca firm up business combination deal to establish top-tier oil & gas player in UK waters

Eni has ironed out an agreement on the combination of its upstream assets in the UK, excluding East Irish Sea ones and CCUS activities with Ithaca Energy.

about 2 years ago
Illustration; Source: Europa Oil & Gas
Fossil Energy

Gas discovery at Irish prospect could bring down emissions stemming from energy imports, report finds

Europa Oil & Gas has published a report suggesting that its prospect offshore Ireland could help curb the firm’s carbon footprint.

about 2 years ago
Illustration; Source: Vår Energi
Fossil Energy

Vår Energi’s intra-group merger approaching the finish line

Vår Energi has approved the plan for the recently announced intra-group merger with its wholly-owned subsidiary Vår Energi Norge.

about 2 years ago
Balticconnector gas pipeline back in operation following six-month shut-down
Fossil Energy

Balticconnector gas pipeline back in operation following six-month shut-down

The Balticconnector gas pipeline between Finland and Estonia, which was shut down in October 2023 due to a rupture, has commenced commercial operations following the completion of repair work. Estonian transmission system operator (TSO) Elering and its Finnish counterpart Gasgrid closed Balticconnec

about 2 years ago
Equinor and Nexans extend long-term relationship with four-year agreement
Fossil Energy

Equinor and Nexans extend long-term relationship with four-year agreement

Designer and manufacturer of cable systems Nexans and Norwegian state-owned energy giant Equinor have expanded their long-standing relationship with a four-year contingency and preparedness contract. The long-term collaboration between the two companies is extended through a four-year agreement that

about 2 years ago
SBM Offshore's Fast4Ward FPSO design; Source: SBM Offshore
Fossil Energy

SBM Offshore gets its hands on $250 million FPSO construction loan

Dutch FPSO operator SBM Offshore has secured a term loan facility that will be used for building an FPSO vessel.

about 2 years ago
Ivar Aasen platform; Source: Aker BP
Fossil Energy

Aker BP’s North Sea field comes on stream

Aker BP has started production from a field in the North Sea, which has been tied back to an existing platform off the coast of Norway.

about 2 years ago
Illustration; Source: DNV
Fossil Energy

Interview: Shaping up UK’s gas infrastructure to get it ready for hydrogen bonanza

Can hydrogen overcome the obstacles in its path to show it is the real deal in the fight against climate change?

about 2 years ago
Klaipeda LNG terminal; Source: KN Energies
Fossil Energy

Trio joins hands to boost seafarers’ FSRU and LNG carrier servicing skills

KN Energies, the Lithuanian Maritime Academy, and Hoegh LNG Klaipėda have inked a deal to enhance LNG carrier and FSRU servicing skills.

about 2 years ago
Illustration; Source: North Sea Transition Authority (NSTA)
Fossil Energy

UK oil & gas player slapped with £100K fine in venting breach suppression drive

NSTA has given NEO Energy a fine in a clampdown on venting and flaring lack of oversight on the UK Continental Shelf (UKCS).

about 2 years ago
Neptun Deep offshore platform simulation
Fossil Energy

Deal for work on giant Black Sea gas project finds its way to ABL’s worksheet

South-Eastern Europe’s integrated energy player OMV Petrom has selected ABL, part of ABL Group, to provide marine warranty survey (MWS) services for a natural gas project which is said to be the largest one in the Romanian area of the Black Sea.

about 2 years ago