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Fossil Energy

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Several men sitting behind a desk at a contract signing ceremony
Fossil Energy

PSC signed for Myanmar’s seventh offshore project

Myanmar’s state-owned Oil and Gas Enterprise and Gulf Petroleum Myanmar, a Thai-owned company based in Myanmar, have signed a production sharing contract (PSC) for an offshore oil and gas block.

about 1 year ago
Illustration; Source: ModuSpec
Fossil Energy

Black Sea drillship reactivation job lands on ModuSpec’s table

MR Group’s ModuSpec, a rig intake and inspection specialist, has lined up a multi-staged support assignment during the intake process of a sixth-generation deepwater drillship in the Black Sea.

about 1 year ago
Edvard Grieg platform; Source: Aker BP
Fossil Energy

Drone ops edging North Sea oil platform closer to autonomous offshore inspections

Aker BP has made a new leap toward fully autonomous offshore inspections and maintenance, thanks to its recently completed first offshore beyond-visual-line-of-sight (BVLOS) drone operation at its platform in the North Sea off the coast of Norway.

about 1 year ago
LNG carrier Kool Glacier at sea
Fossil Energy

HD Hyundai’s upgrades help CoolCo future-proof its LNG fleet

HD Hyundai Marine Solution (HD HMS) has completed the retrofit of a liquefied natural gas (LNG) carrier owned by Bermuda-based LNG carrier owner and operator Cool Company (CoolCo).

about 1 year ago
Fugro wins its ‘largest-ever project in Asia Pacific’
Fossil Energy

Fugro wins its ‘largest-ever project in Asia Pacific’

The Netherlands-headquartered Fugro has secured its largest-ever project in the Asia Pacific (APAC) region, as part of which it will support the development of a deepwater gas field in Southeast Asia. As part of the signed letter of award (LoA), Fugro will perform a site characterization program for

about 1 year ago
FPSO Petrojarl I; Courtesy of Amplus Energy
Fossil Energy

39-year-old FPSO going to Las Palmas to get ready for redeployment

Amplus Energy has picked Spain’s Astican Shipyard in Las Palmas de Gran Canaria off the northwest coast of Africa to undertake the work scope related to the preparation for the redeployment of a floating production, storage, and offloading (FPSO) vessel, seen as one of the offshore industry’s most i

about 1 year ago
Transformer station at Melkøya
Fossil Energy

Norwegian duo teams up on Equinor’s CO2-cutting LNG project

Asset integrity management company Axess Group has won an enterprise of competence (EoC) contract with Norway’s energy services company Aibel for work on a project operated by the compatriot energy giant Equinor.

about 1 year ago
Port of Gdańsk; Source: Gaz-System
Fossil Energy

Poland’s FSRU project taking shape as onshore segment makes new inroads

Poland’s gas transmission system operator, Gaz-System, has disclosed progress in the construction of the onshore section of the country’s floating storage and regasification unit (FSRU) in the Gulf of Gdańsk.

about 1 year ago
Flex Courageous vessel at sea
Fossil Energy

Flex LNG secures first of three planned vessel refinancing deals

Bermuda-headquartered liquefied natural gas (LNG) shipping company Flex LNG has completed the lease financing for one of the vessels from its fleet.

about 1 year ago
Sea Lion FPSO and Phase 1 & 2 development layout; Source: Navitas
Fossil Energy

Sea Lion runs into setback as financing delays Falkland Islands’ $1.4B oil project

Israel’s Navitas Petroleum has put off a final investment decision (FID) for its giant Sea Lion oil project in the North Falkland Basin (NFB), pushing it to the second half of the year for Phase 1 to put a financing plan in place.

about 1 year ago
FPU Osman Gazi; Source: Alparslan Bayraktar, Türkiye’s Minister of Energy and Natural Resources via X
Fossil Energy

WATCH: FPU heads off to Black Sea ahead of doubling Türkiye’s gas production in 2026

As part of its efforts to wean itself off energy imports and bolster its domestic production capacity, Türkiye has sent its first-ever floating production unit (FPU) on a journey to the Black Sea, where it is expected to enable a twofold increase in gas production from the country’s giant deepwater

about 1 year ago
Illustration; Source: Petrobras
Fossil Energy

Petrobras taps Portuguese firm for €250M oil platform work

Empresa Construtora do Brasil, an affiliate of Portugal’s engineering group Mota-Engil, has secured a maintenance and construction contract with Brazilian state-owned energy giant Petrobras. Valued at around 1.61 billion Brazilian reais, equivalent to approximately €250 million, the contract is set

about 1 year ago
Illustration; Source: ADNOC Drilling
Fossil Energy

15-year drilling assignment enables rig duo to rake in $1.15 billion

ADNOC Drilling has expanded its workload with ADNOC Offshore, a compatriot oil and gas heavyweight, by securing another multi-year drilling campaign in the Middle East, which will be undertaken by two of its jack-up rigs.

about 1 year ago
Hail and Ghasha mega gas development concept; Source: ADNOC
Fossil Energy

Lukoil boosts its share in huge offshore sour gas project as OMV exits

Austria-headquartered oil and gas player OMV has struck a deal with Lukoil Gulf Upstream, a subsidiary of Russia’s Lukoil, to divest its stake in a giant sour gas development off the coast of the United Arab Emirates (UAE).

about 1 year ago
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