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Fossil Energy

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Shell and Ocean Infinity bolster subsea ties under five-year agreement
Fossil Energy

Shell and Ocean Infinity bolster subsea ties under five-year agreement

Houston-based marine robotics company Ocean Infinity has signed a five-year global framework agreement (GFA) with energy giant Shell concerning subsea data capture services. The GFA encompasses all countries where Shell is currently active or plans to operate in the future and covers the provision o

about 2 years ago
Protesters at OMV Petrom HQ in Bucharest, Romania; Source: Greenpeace
Fossil Energy

Protesters against Black Sea gas project dub new drilling operations ‘the last thing the world needs’

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  • 2045

Greenpeace activists have held a rally in Bucharest against “the largest natural gas project in the Romanian part of the Black Sea”.

about 2 years ago
Private equity investors acquire Acteon, new CEO to take over
Fossil Energy

Private equity investors acquire Acteon, new CEO to take over

Offshore energy infrastructure services company Acteon Group has been acquired by private equity investors Buckthorn Partners and One Equity Partners (OEP), with a new Chief Executive Officer (CEO) taking the helm. According to Acteon, Buckthorn and OEP are making a substantial investment in the bus

about 2 years ago
Stena Drilling’s new drillship to get equipment that allows 'drilling in previously inaccessible reservoirs'
Fossil Energy

Stena Drilling’s new drillship to get equipment that allows access to ‘previously inaccessible reservoirs’

UK-based offshore drilling contractor Stena Drilling is set to deliver an equipment upgrade for its newest drillship that is expected to make it capable of drilling in previously inaccessible reservoirs. The seventh-generation drillship Stena Evolution is about to undergo an equipment upgrade which

about 2 years ago
Illustration; Source: Eni
Fossil Energy

Eni reaffirms commitment to low-carbon energy research as part of agreement with MIT

Eni has extended its tenure as a founding member of the MIT Energy Initiative through 2027 to reinforce its decarbonization efforts.

about 2 years ago
Eni and Ithaca Energy in 'potential transformational combination'
Fossil Energy

Eni and Ithaca Energy in ‘potential transformational combination’

North Sea oil and gas operator Ithaca Energy has entered into an exclusivity agreement with Eni in relation to a potential transformational combination with substantially all of the company’s UK upstream assets. The deal implies the recently acquired Neptune Energy assets, excluding certain assets i

about 2 years ago
Germany’s SEFE to bolster role in secure energy supply by becoming sole owner of WIGA
Fossil Energy

Germany’s SEFE to bolster role in secure energy supply by becoming sole owner of WIGA

German SEFE will become the sole shareholder of gas transmission network WIGA by acquiring the 50.02% shareholding held by Wintershall Dea.

about 2 years ago
Equinor gives out more work to Ocean Installer
Fossil Energy

Equinor gives out more work to Ocean Installer

Norway’s Ocean Installer has secured a new subsea line modification (SLM) project award from compatriot energy giant Equinor, with execution scheduled for fall. The scope of work on Åsgard A in the Norwegian Sea covers the recovery of two risers, the installation of one new riser and flexible jumper

about 2 years ago
Stena Bulk sells two LNG tankers to BW LNG in bid to ‘build bridges towards a new era’
Fossil Energy

Stena Bulk sells two LNG tankers to BW LNG in bid to ‘build bridges towards a new era’

Swedish tanker shipping company Stena Bulk has completed the sale of two LNG carriers to Norway-based gas shipping company BW LNG.

about 2 years ago
Equinor and DNO delineate 2023 oil & gas discovery with appraisal well and sidetrack
Fossil Energy

Equinor and DNO delineate 2023 oil & gas discovery with appraisal well and sidetrack

Norwegian state-owned energy giant Equinor and compatriot oil and gas operator DNO have completed an appraisal well and sidetrack said to further delineate the 2023 Heisenberg oil and gas discovery in the Norwegian North Sea. Heisenberg, a new shallow play located in license PL827SB in the northern

about 2 years ago
Seismic interpretation solutions firm Eliis and U.S. headquartered Chevron have agreed to collaborate on the development and commercialization of advanced artificial intelligence (AI) algorithms for s
Fossil Energy

Chevron and Eliis collaborate on AI solutions for seismic interpretation

Seismic interpretation solutions firm Eliis and U.S. headquartered Chevron have agreed to collaborate on the development and commercialization of advanced artificial intelligence (AI) algorithms for seismic interpretation, subsurface characterization, and modeling. Leveraging its experience in hydr

about 2 years ago
Illustration; Source: Energy Industries Council (EIC)
Fossil Energy

Widening chasm between reality and ambitions endangers net zero targets

The rift between the current energy landscape and greener desires continues to expand, putting global net zero targets in peril.

about 2 years ago
Swedish energy-tech company SeaTwirl and UK-based energy management and energy storage firm Verlume have inked a memorandum of understanding (MoU) to collaborate on the electrification of offshore ass
Fossil Energy

SeaTwirl and Verlume join forces to drive decarbonization of offshore assets

Swedish energy-tech company SeaTwirl and UK-based energy management and energy storage firm Verlume have inked a memorandum of understanding (MoU) to collaborate on the electrification of offshore assets and decarbonization of the oil and gas industry. The MoU will see the two companies identify and

about 2 years ago
Illustration; Source: Türkiye Petrolleri A.O. (TPAO)
Fossil Energy

Türkiye puts wind in Black Sea oil & gas exploration sails while chasing energy independence

Türkiye is planning to embark on further drilling activities in the Black Sea during 2024 in the hopes of finding more hydrocarbons.

about 2 years ago