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Fossil Energy

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Synergia Energy
Fossil Energy

Carbon storage license award seen as ‘significant milestone’ for UK CCS project

Synergia Energy has been awarded a license under the North Sea Transition Authority’s first carbon storage licensing round, which it sees as an important step for its carbon capture and storage (CCS) project.

about 3 years ago
Unity platform; Source: INEOS
Fossil Energy

INEOS FPS books Sparrows for more work at North Sea platform

Sparrows Group has secured a long-term deal with INEOS FPS for work on the company’s UK North Sea platform.

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about 3 years ago
An image mapping Hornsea Four location within the Hornsea Zone
Fossil Energy

A win for coexistence in North Sea | BP and Ørsted reach agreement on offshore wind-CCS project overlap area

Ørsted and BP have reached an agreement on the previously disputed overlap area between the Hornsea Four offshore wind farm and the Endurance carbon storage site, developed by the Northern Endurance Partnership (NEP) that gathers BP, Equinor and TotalEnergies. Quick overview: Ørsted submitted an app

about 3 years ago
Deep Vision subsea IMR and survey vessel; Source: DeepOcean
Fossil Energy

DeepOcean tucks ‘significant milestone’ under its belt with production boost at North Sea field

DeepOcean has carried out inspection, repair and maintenance (IRM) of a field in the Danish sector of the North Sea.

about 3 years ago
Shelf Drilling’s Shelf Perseverance (former Noble Hans Deul) jack-up rig; Source: Noble Corporation
Fossil Energy

UK firm hits pause on North Sea drilling ops amidst buffeting winds of gas market volatility

IOG has decided to put on hold the previously planned drilling activities in the North Sea, which were expected to be undertaken with Shelf Drilling’s rig.

about 3 years ago
In focus: Plotting the course of green transition as heat waves strain energy sources
Fossil Energy

In focus: Plotting the course of green transition as heat waves strain energy sources

Human-caused global warming has increased the intensity and duration of heat waves all around the world. Scientists indicate that the heat waves will become even more intense in the future. As the world struggles to take a fresh breath from record-breaking high temperatures, the offshore energy sect

about 3 years ago
Gjøa platform; Source: Neptune Energy
Fossil Energy

Eni and Vår Energi paying $4.9 billion for Neptune’s entire oil & gas portfolio, bar German business

Eni and Vår Energi will acquire Neptune’s entire portfolio, aside from its business in Germany, for an aggregate enterprise value of $4.9 billion.

11 minutes read
Uranus rig; Source: Trillion Energy
Fossil Energy

Well perforation unleashes more Black Sea gas

Trillion Energy has wrapped up recompletion work at the third well in its 2022 – 2023 drilling campaign on a natural gas field in the Black Sea

about 3 years ago
Paul B. Loyd Jr. rig; Source: Transocean
Fossil Energy

On fleet expansion quest, Dolphin Drilling snaps up two Transocean rigs

Dolphin Drilling is in the process of buying two rigs from Transocean for a total of $61.5 million, plus an additional $3 million.

about 3 years ago
Faris Churcher, Oxford Flow’s Business Lead – Gas & Energy Transition, with IM-S hydrogen-ready gas regulator model; Courtesy of Oxford Flow
Fossil Energy

Revamping overlooked emissions contributor to imbue energy transition with greener vigour

There are some components in the energy industry, which are being largely overlooked during the transition to low-carbon and green sources.

about 3 years ago
KCA Deutag
Fossil Energy

New drilling jobs on four North Sea platforms for KCA Deutag

KCA Deutag has secured new contracts and extensions with a total value of over $70 million in the UK sector of the North Sea.

about 3 years ago
Greater Buchan Area concept; Source: Jersey Oil & Gas
Fossil Energy

New UK operator taking the helm at North Sea oil project

Jersey Oil & Gas has completed the farm-out deal for a partial stake in an asset on the UK Continental Shelf (UKCS) to NEO Energy.

about 3 years ago
Illustration; Credit: Clyde Thomas/Longboat Energy
Fossil Energy

Longboat and Japan’s JAPEX weeks away from bringing new Norwegian player to life

Longboat Energy and JAPEX are expected to complete all the steps for the creation of their Norwegian joint venture (JV) by mid-July 2023.

about 3 years ago
Saipem
Fossil Energy

Saipem’s €860 million credit facilities come into force

Saipem has strengthened its financial structure and liquidity, after its two new credit facilities came into effect.

about 3 years ago