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Fossil Energy

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Tamar platform; Source: Chevron
Fossil Energy

SOCAR coming aboard Chevron’s gas field offshore Israel

Chevron Mediterranean Limited, a subsidiary of the U.S.-headquartered oil major Chevron, is getting a new partner at its gas field off the coast of Israel, as Union Energy has decided to sell its stake to the State Oil Company of the Republic of Azerbaijan (SOCAR). SOCAR is continuing to implement i

about 1 year ago
Under $57.4M contract, Indian firm takes its diving support vessel to Middle East
Fossil Energy

Under $57.4M contract, Indian firm sends its diving support vessel to Middle East

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India’s Seamec Limited has entered into a charter hire with a Saudi Arabian company under which its multipurpose diving support vessel (DSV) will be deployed in the Middle East. Seamec entered into a Bimco charter party with Safeen Al Behar Limited Company, Saudi Arabia, for the charter hire of Seam

about 1 year ago
A tugboat
Fossil Energy

Svitzer bags long-term towage job at Oman’s LNG terminal

Svitzer has signed a contract with Oman LNG, a joint venture company between the Government of the Sultanate of Oman and seven global energy players, to provide towage services at a liquefied natural gas (LNG) terminal near the town of Sur, Oman.

about 1 year ago
A man and a woman sitting behind a desk
Fossil Energy

ADNOC inks $450 million LNG supply deal with JERA

JERA Global Markets, a trading subsidiary of Japan’s energy major JERA, has signed a liquefied natural gas (LNG) supply agreement with UAE’s ADNOC Gas and its subsidiaries.

about 1 year ago
Illustration; Source: Bureau Veritas
Fossil Energy

Workforce cuts on the rise: Oil & gas giants’ cost-saving quests fuel layoffs’ wave

Price volatility, rise in costs, climate change, energy transition agendas, rising power demand, and emerging technologies and innovations, including market evolution, automation, and progress in unleashing the benefits of artificial intelligence (AI), have also played their part in shrinking the jo

23 minutes read
Kuwait Petroleum Company
Fossil Energy

Another oil & gas discovery of ‘great importance’ springs up offshore Kuwait

Kuwait Petroleum Corporation (KPC) has confirmed a large hydrocarbon discovery at an offshore field in the country’s territorial waters, bolstering its expectations of discovering more offshore oil and gas to boost the country’s energy arsenal.

about 1 year ago
A man and a woman standing next to each other
Fossil Energy

ADNOC’s $10B gas supply deal boosting UAE’s energy transition

ADNOC Gas, an affiliate of Abu Dhabi National Oil Company (ADNOC), has entered into a long-term strategic partnership with Emirates Water and Electricity Company (EWEC), the procurer and supplier of water and electricity in Abu Dhabi. The duo has also signed a gas sales and purchase agreement (GSPA)

about 1 year ago
A large screen in a control room with two people sitting in front of it
Fossil Energy

Norwegian tech to enhance safety of over 300 assets offshore Qatar

Norway-based software developer Vissim has been hired as a subcontractor to deliver a centralized vessel monitoring and alerting system (CVMAS) to Qatar-based Bin Omran Trading & Telecommunications, which oversees local project management and offshore installation.

about 1 year ago
Valaris DS-9 drillship; Source: Valaris
Fossil Energy

ExxonMobil’s drilling ops with Valaris drillship unleash more gas

ExxonMobil has made a new gas discovery in the western region of the Mediterranean Sea, off the coast of Egypt, with a drillship owned by Valaris, an offshore drilling contract.

about 1 year ago
Illustration; Source: Westwood
Fossil Energy

$54 billion in engineering, procurement and construction contracting opportunities on offshore oil & gas agenda for 2025

The batch of new projects, which are expected to reach the EPC stage this year, is anticipated to lead to awards worth billions of dollars for jobs related to associated subsea equipment, offshore platforms, floating production units, and liquefied natural gas (LNG) equipment and facilities, based o

about 1 year ago
Valaris DS-12 drillship; Source: Valaris
Fossil Energy

BP eyes first gas months earlier with subsea ops already underway, as Valaris rig moves to next well

UK-headquartered energy giant BP has wrapped up drilling activities at two wells, targeting to bring them on stream next month.

about 1 year ago
Shah Deniz Alpha platform; Source: BP
Fossil Energy

BP expands 70-year relationship with US firm through deal spanning its global energy portfolio

U.S.-headquartered science, technology, and engineering player KBR has secured a global agreement, which builds upon the duo’s decades-long relationship with BP, the UK-based energy giant.

about 1 year ago
Rendering of the Ruwais LNG concept design; Source: ADNOC
Fossil Energy

US player secures Ruwais LNG storage tank job

TJN Ruwais JV, a joint venture between Technip Energies, JGC Corporation, and NMDC Energy–formerly National Petroleum Construction Company (NPCC)–has awarded Texas-based designer and builder of storage facilities CB&I with a contract for the engineering, procurement, and construction (EPC) of tanks

about 1 year ago
An illustration of an LNG processing facility
Fossil Energy

CNPC unit and Petrofac among winners of $2.1B infrastructure contracts for ADNOC’s Ruwais LNG

ADNOC Gas, a subsidiary of Abu Dhabi National Oil Company (ADNOC), has awarded three contracts related to the construction of infrastructure at its future liquefied natural gas (LNG) complex in Al Ruwais Industrial City, Abu Dhabi. The contracts with a combined value of $2.1 billion encompass works

about 1 year ago