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Fossil Energy

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Stena IceMAX drillship
Fossil Energy

BP selects Stena drillship to drill Canadian well

Offshore drilling contractor Stena Drilling has secured a new drilling contract from BP for operations offshore Canada.

about 4 years ago
Significant drop in recoverable oil resources could deal major blow to global energy security, Rystad forecasts
Fossil Energy

Drop in recoverable oil resources could deal major blow to energy security, Rystad says

The drop in the total recoverable oil worldwide from last year’s figures represents another threat to global energy security, explains Rystad.

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about 4 years ago
Canadian regulator takes Hibernia oil spill case to court
Fossil Energy

Hibernia oil spill case goes to court three years after it took place

Canadian regulator has brought charges against the company operating the Hibernia platform due to an oil spill, which occurred in July 2019.

about 4 years ago
Faster ramp-up of investments in clean sources needed to tackle double whammy of energy and climate crises
Fossil Energy

Faster ramp-up of investments needed to tackle double whammy of energy and climate crises

While investments are expected to reach $2.4 trillion this year, this is not enough to come to grips with the energy and climate crises.

about 4 years ago
In focus: More green hydrogen projects gaining ground
Fossil Energy

In focus: More green hydrogen projects gaining ground

Green hydrogen, often seen as a critical enabler of the global transition to sustainable energy and net zero emissions economies, continues to be a major subject of interest for the industry players worldwide. The recent surge in activity in the market is opening the door for new developments with o

about 4 years ago
Illustration of the Bay du Nord FPSO unit
Fossil Energy

BP entering Bay du Nord project in Canada as part of its focus on future offshore growth

Oil and gas major BP is expanding its footprint offshore Canada by entering the Equinor-operated Bay du Nord project development.

about 4 years ago
SeaRose FPSO off Canada
Fossil Energy

Construction on Canadian oil project set to restart following suspension of over two years

Canada’s Cenovus Energy and its partners have agreed to restart the West White Rose Project offshore Newfoundland and Labrador.

about 4 years ago
G7 meeting
Fossil Energy

G7 countries to end public funding for international fossil fuels projects

The G7 countries have pledged to end direct international public financing of the fossil fuels sector starting from the end of this year.

about 4 years ago
Uranus rig - GSP Offshore
Fossil Energy

Jack-up rig hired for drilling on gas field offshore Turkey

Trillion Energy has signed a definitive offshore drilling services contract with GSP to secure a jack-up rig for a campaign offshore Turkey.

about 4 years ago
Equinor is using the West Hercules rig for drilling off Canada
Fossil Energy

Norway’s Equinor spuds exploration well offshore Canada

Norwegian energy giant Equinor has started its drilling campaign offshore Canada. The success of this campaign would contribute to Bay du Nord’s resources.

about 4 years ago
Projection on Equinor's HQ on 10 May ahead of AGM - Bay du Nord
Fossil Energy

The plot thickens for controversial Bay du Nord oil project despite govt approval

Norwegian state-controlled oil and gas giant Equinor is now facing more challenges related to the development of its controversial Bay du Nord offshore oil project located in Canada despite recent approval by the government.

about 4 years ago
Odfjell Drilling to take over management of yet another rig from Seadrill
Fossil Energy

Odfjell Drilling to take over management of yet another rig from Seadrill

SFL has inked a new deal with Odfjell Drilling, enabling the latter to replace Seadrill as the manager of another drilling rig.

about 4 years ago
Oil & gas firms’ profits set to smash records reaching $834 billion in 2022, Rystad says
Fossil Energy

Oil & gas firms’ profits set to smash records reaching $834 billion in 2022, Rystad says

Rystad Energy expects public E&P companies to break prior records as profits are set to reach a 70 per cent increase in 2022.

about 4 years ago
In focus: Americas take the offshore energy helm
Fossil Energy

In focus: Americas take the offshore energy helm

The industry has been evidently hitting the pause button ahead of Easter. However, it seems like one part of the world still keeps going without slowing down. The Americas took the spotlight this week in offshore energy news headlines, with Canada and the U.S. steering the wheel.

about 4 years ago