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Fossil Energy

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Oil & GasBusiness Developments & ProjectsAuthorities & GovernmentBusiness & FinanceExploration & ProductionRegulation & PolicyLiquefied Natural GasInfrastructureVesselsSeismicSubseaSurveys & InterventionsVessels & VehiclesProject & TendersGreen MarineCollaborationEnvironmentLow-Carbon TransitionRules & Regulation
An offshore platform at sunset
Fossil Energy

‘Material’ portfolio expansion on Seascape’s 2025 agenda after Malaysian block farmout

Seascape Energy, an E&P company focused on Southeast Asia, has completed the sale of its participating interest in a production sharing contract (PSC) offshore Malaysia to Japan’s Inpex Corporation.

about 1 year ago
Illustration; Source: Jadestone Energy
Fossil Energy

Wheels up to get the go-ahead for phased development of gas assets in Southeast Asia

AIM-listed and Singapore-headquartered oil and gas player Jadestone Energy has handed over a field development plan (FDP) for hydrocarbon discoveries off the coast of Vietnam, Southeast Asia.

about 1 year ago
PEL 87 location map; Source: Pancontinental
Fossil Energy

Operator on the hunt for new partner to bankroll hydrocarbon search offshore Namibia

Pancontinental is on the lookout for a new partner to secure the required funds for exploration drilling in petroleum exploration license (PEL) 87, located in the Orange Basin, off the coast of Namibia, after Australia’s Woodside changed its mind about acquiring an interest in the license.

about 1 year ago
An LNG carrier at dock
Fossil Energy

Seapeak pondering sale of three newly laid up steam LNG carriers

Seapeak Maritime, an independent owner-operator of liquefied natural gas (LNG) vessels, is considering selling three steam-turbine LNG carriers from its fleet that are in lay up. As disclosed in Seapeak’s annual report, three steam turbine LNG carriers–out of seven from its fleet–were placed in layu

about 1 year ago
Argeo concludes longer-than-expected task for TotalEnergies offshore Namibia
Fossil Energy

Argeo concludes longer-than-expected task for TotalEnergies offshore Namibia

Norwegian subsea service provider Argeo has completed a project offshore Namibia on behalf of French multi-energy major TotalEnergies, with its vessel now demobilizing. Argeo completed its work at TotalEnergies’ Venus project in Namibia’s Orange Basin under a $39 million contract announced in April

about 1 year ago
Alpha Star rig is one of multiple units working for Petrobras offshore Brazil; Source: Constellation Oil Services
Fossil Energy

Drilling ops bear fruit as Petrobras finds more hydrocarbons off Brazil

Petrobras has made a hydrocarbon discovery at an exploration well in the pre-salt Santos Basin off the coast of Brazil, South America.

about 1 year ago
Subsea template installation for Halten East; Source: Equinor
Fossil Energy

More Norwegian gas for Europe as first segment of two-phase development comes online

Equinor has kicked off production from the first chapter of a gas and condensate project off the coast of Norway, which is envisioned to encompass multiple discoveries developed in two phases.

about 1 year ago
Navigator Gas
Fossil Energy

Navigator Gas completes triple ethylene carrier acquisition

Navigator Gas has completed the acquisition of the final two of three new 17,000 cbm liquefied ethylene gas (LEG) carriers.

about 1 year ago
Several men standing behind a desk with two central people holding signed documents
Fossil Energy

Vietnamese firm expanding LNG collab with two US energy giants

PV Gas, a subsidiary of Vietnam Oil and Gas Group (Petrovietnam) has signed agreements with two Texas-based energy majors, Excelerate Energy and ConocoPhillips, to cooperate on sourcing LNG from the United States.

about 1 year ago
Stena Immaculate tanker pictured on March 12, 2025; Credit: UK's Maritime and Coastguard Agency
Fossil Energy

Pollution ‘no cause for concern’ after oil tanker-cargo ship North Sea allision, UK says

Following a collision between a U.S.-flagged oil/product tanker and a Portuguese container ship in the North Sea, the UK’s Maritime and Coastguard Agency has maintained that it does not foresee a damaging pollution effect from the tanker.

about 1 year ago
An LNG carrier viewed from the shore
Fossil Energy

Asian duo wins $810 million LNG terminal expansion gig in Taiwan

Taiwan’s state-owned petroleum company CPC Corporation has awarded an engineering, procurement, and construction (EPC) contract for the construction of liquefied natural gas (LNG) cryogenic tanks at its Kaohsiung Intercontinental LNG terminal to Taiwan’s EPC services provider CTCI Corporation and Ja

about 1 year ago
Transocean Equinox rig; Source: Transocean
Fossil Energy

Seabed surveys on ConocoPhillips’ agenda for April ahead of drilling ops offshore Australia

ConocoPhillips has penciled in the start of seabed surveys next month to find drilling locations for its upcoming Otway exploration drilling program (OEDP), envisioned to discover more Australian gas with a semi-submersible rig owned by Transocean, a Switzerland-based offshore drilling contractor.

about 1 year ago
An offshore platform at sunset
Fossil Energy

Australia-based oil & gas player debuts new name

Global Petroleum, an AIM-listed oil and gas upstream exploration company presently focused on Africa and the Mediterranean, has changed its name to Geo Exploration.

about 1 year ago
Prinos is situated in the vicinity of Kavala NE Greece operated by Energean; Source: EnEarth
Fossil Energy

$945 million sale deal for ‘high-quality’ assets on shaky ground as uncertainty abounds

Energean has spotted potential clouds that are gathering on the divestment horizon for its portfolio in Egypt, Italy, and Croatia with an enterprise value (EV) of up to $945 million, of which $820 million is firm.

about 1 year ago
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