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Fossil Energy

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Valaris 123 jack-up rig; Source: Valaris
Fossil Energy

Shell takes Valaris jack-up rig for upcoming North Sea drilling ops

Shell has hired a heavy-duty jack-up rig from Valaris, an offshore drilling contractor, for a two-well drilling campaign in 2024.

about 2 years ago
Venture Global and Grain LNG pen long-term LNG deal
Fossil Energy

Venture Global and Grain LNG pen long-term LNG deal

U.S. Venture Global LNG and UK National Grid Grain LNG have signed a binding long-term terminal use agreement (TUA), enabling the regasification and sale of LNG from all of Venture Global’s terminals in Louisiana, U.S., including CP2 LNG, subject to obtaining necessary federal permits. Under the agr

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about 2 years ago
16-year-old vessel returns to VARD for conversion
Fossil Energy

16-year-old vessel returns to VARD for conversion

A Canadian company active in the offshore oil & gas and energy sectors has appointed Norway’s VARD to convert a platform supply vessel (PSV) that it built 16 years ago into a cable-laying vessel (CLV). I.T. International Telecom Marine (IT) is a Halifax-based marine network installer offering deskto

about 2 years ago
Dana-operated FPSO Triton lies approximately 6 km to the northeast in the UK Central North Sea; Source: Tailwind Energy
Fossil Energy

Drilling program and well intervention campaign on Serica’s 2024 agenda in North Sea

Serica Energy is preparing to kick off its four-well drilling campaign and work-over program in the UK sector of the North Sea.

about 2 years ago
Transocean Norge; Source: Transocean
Fossil Energy

Wintershall Dea’s drilling ops with Transocean rig cleared for take-off

Wintershall Dea has secured a green light for the drilling of four wells in the Norwegian Sea, using one of Transocean’s semi-submersible rigs.

about 2 years ago
After TotalEnergies and PTTEP, Shell joins wave power for subsea equipment project
Fossil Energy

After TotalEnergies and PTTEP, Shell joins wave power for subsea equipment project

Energy major Shell has joined the Renewables for Subsea Power (RSP) collaborative project which is powering subsea equipment off the coast of Orkney, Scotland, through a combination of wave power and subsea energy storage. The £2 million demonstrator initiative, nearing 12 months in the water, has c

about 2 years ago
Kate Thomson, BP's interim CFO; Source: BP
Fossil Energy

BP hands chief financial officer role to its interim CFO

UK-headquartered energy giant BP has decided to appoint its interim Chief Financial Officer (CFO) to the CFO role.

about 2 years ago
MOL emerges as preferred supplier of Poland’s first FSRU
Fossil Energy

MOL emerges as preferred supplier of Poland’s first FSRU

After revealing two potential suppliers in November 2023, Poland’s natural gas transmission system operator GAZ-SYSTEM has now selected Japanese shipping major Mitsui O.S.K. Lines (MOL) as the preferred shipowner to time charter out a floating storage and regasification unit (FSRU) for the planned L

about 2 years ago
PSV Skandi Kvitsoy; Source: DOF Group
Fossil Energy

Two oil & gas firms book DOF vessels for long-term gigs in Norway and Australia

DOF Group has won two long-term assignments for an AHTS vessel and a platform supply vessel (PSV) in Norway and Australia, respectively.

about 2 years ago
Prelude FLNG; Source: Shell
Fossil Energy

With $28 billion in the bag, Shell’s 2023 profit attests to oil & gas price slump and LNG trading upturn

Shell’s annual profit in 2023 took a tumble, dropping by 30% on a year-over-year basis, compared to its highest-ever annual profit, which came to almost $40 billion in 2022.

11 minutes read
Cygnus gas field in the southern North Sea; Source: Neptune Energy
Fossil Energy

Eni and Vår Energi enrich their portfolios by taking over Neptune’s oil & gas business

Eni and its majority-owned Vår Energi have expanded their footprint by wrapping up the acquisition of Neptune Energy’s oil and gas assets.

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

BP, Shell, TotalEnergies, and Equinor among recipients of second license batch in UK’s 33rd oil & gas round

The NSTA has offered 24 licenses across 74 blocks and part-blocks, which are situated in the Central North Sea, Northern North Sea, and West of Shetland areas.

about 2 years ago
Illustration; Credit: Clyde Thomas/Longboat Energy
Fossil Energy

Norwegian player wraps up sale of partial stakes in North Sea pair

Longboat JAPEX Norge has completed the divestment of partial interests in a pair of exploration licenses on the NCS to Norway’s Concedo.

about 2 years ago
North Sea operator picks Scottish firm for P&A campaign
Fossil Energy

North Sea operator picks Scottish firm for P&A campaign

Scottish well intervention and plug and abandonment (P&A) solutions provider Oilenco has won a contract to deliver engineering and manufacturing services for what it says is a “major North Sea operator”. The contract will see Oilenco provide well intervention and downhole equipment throughout a 52-w

about 2 years ago