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Fossil Energy

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Illustration; Source: MSI
Fossil Energy

Interview: With new oil & gas horizons calling, will the North Sea hold sway over its existing rig fleet?

This interview sheds more light on whether there will be a greater rig exodus from the North Sea market and a mass pivot toward other destinations.

about 2 years ago
With environmental decision in place, GAZ-SYSTEM set to proceed with Gdańsk FSRU project
Fossil Energy

With environmental decision in place, GAZ-SYSTEM set to proceed with Gdańsk FSRU project

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Poland’s natural gas transmission system operator GAZ-SYSTEM has received a decision on the environmental conditions from the Regional Director for Environmental Protection in Gdańsk for the implementation of the FSRU terminal with a subsea gas pipeline at the Port of Gdańsk. According to GAZ-SYSTEM

about 2 years ago
Valaris DS-17 drillship; Source: Equinor
Fossil Energy

Valaris rigs collect $1.2 billion for drilling jobs spanning geographies

Valaris has landed a batch of new contracts and extensions across multiple geographies for three floaters and six jack-ups in its rig fleet.

about 2 years ago
UK oil & gas engineering services firm gets more North Sea work
Fossil Energy

Multiple P&A activities on the list for UK firm under £1 million contract

UK-headquartered oil and gas engineering services business Plexus Holdings has secured a contract valued at over £1 million to deliver equipment and services for multiple plug and abandonment (P&A) activities in the North Sea. Under the contract with an undisclosed client, Plexus will provide Exact

about 2 years ago
Solstad Offshore
Fossil Energy

Solstad amps up its decarbonization ante to boost vessels’ fuel efficiency and curb emissions

Solstad Offshore has joined forces with Pon Power and Caterpillar Marine to scale up fuel efficiency across its vessels and slash its emissions.

about 2 years ago
With offshore repairs soon to begin, Balticconnector restart set for April
Fossil Energy

With offshore repairs soon to begin, Balticconnector restart set for April

Offshore repair works for the Balticconnector gas pipeline between Finland and Estonia, which was shut down in October 2023 due to a rupture, are set to start at the beginning of next month. Estonian transmission system operator (TSO) Elering and its Finnish counterpart Gasgrid closed Balticconnecto

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

No hydrocarbons for Equinor in another North Sea well

Equinor has drilled an exploration well in the Norwegian sector of the North Sea, which turned out to be dry.

about 2 years ago
diving operation as Equinor hires compatriot company for diving intervention services
Fossil Energy

Equinor hires compatriot company for diving intervention services

Norway’s energy giant Equinor has signed a long-term frame agreement for diving intervention services with compatriot SubseaPartner. The frame agreement focuses on contingency preparedness for Equinor as the principal user, in addition to 23 other operating companies participating in the Pipeline Re

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

Eni reveals ‘excellent’ annual results as natural gas and LNG business cushions drop in profit

Eni has disclosed strong financial and operating results for 4Q and full year 2023 on the back of its natural gas and LNG portfolio.

about 2 years ago
Transocean Barents semi-submersible rig; Source: Transocean
Fossil Energy

Transocean rigs pick up drilling gigs in Angola, Gulf of Mexico, and Black Sea

Transocean has secured more work for three floaters in its rig fleet, enabling it to collect $326 million for assignments in Angola, the U.S. and Romania.

about 2 years ago
Paul B. Loyd Jr. rig; Source: Transocean
Fossil Energy

Two rigs bought from Transocean come under the wing of Dolphin Drilling

Dolphin Drilling has confirmed the start of operations and the final transfer of ownership for two semi-submersible rigs acquired from Transocean.

about 2 years ago
Siem seeks to slash fleet carbon footprint through collaboration with Wärtsilä
Fossil Energy

Siem seeks to slash fleet carbon footprint through collaboration with Wärtsilä

Norwegian shipping company Siem Offshore is collaborating with Finnish technology group Wärtsilä on vessel decarbonization solutions as part of its efforts to reduce the carbon footprint of its 26-vessel fleet and goal of reaching full carbon neutrality by 2050. According to Siem, the aim is to achi

about 2 years ago
Green light for Saipem to restart pipelaying off Australia after vessel incident
Fossil Energy

Green light for Saipem to restart pipelaying off Australia after vessel incident

Following the offshore trunkline installation incident at the end of January, Italian oilfield services provider Saipem has received approval from the Australian Commonwealth regulator National Offshore Petroleum Safety and Environmental Management Authority (NOPSEMA) that the Castorone vessel may r

about 2 years ago
Noble Resolute; Source: Noble Corporation
Fossil Energy

Noble jack-up rig staying longer in North Sea

Noble Corporation has found more work for one of its jack-up rigs off the coast of the Netherlands, where the rig is currently carrying out drilling operations.

about 2 years ago