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Fossil Energy

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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
An offshore platform at sunset
Fossil Energy

Woodside to supply Asia’s ‘largest’ consumer with LNG for 15 years

Australia’s energy giant Woodside has signed a long-term sale and purchase agreement (SPA) with China Resources Gas International Limited, a gas distribution company owned by China Resources Holdings, to deliver liquefied natural gas (LNG) to China.

about 1 year ago
Caofeidian 6-4 oilfield comprehensive adjustment project; Source: CNOOC
Fossil Energy

Two more projects online as Asian giant pursues ‘green and low-carbon’ oil & gas development

CNOOC has brought on stream two oilfield projects off the coast of China, with the help of so-called intelligent technologies, which are said to unlock the doors of low-emission hydrocarbon development.

about 1 year ago
Mozambique LNG
Fossil Energy

$5 billion loan dusting off the cobwebs from TotalEnergies’ stalled $20B LNG project

Following a years-long hiatus, a multibillion-dollar liquefied natural gas (LNG) project off the coast of Mozambique is shaking the rust off its development by getting back on track with a loan of nearly $5 billion secured from the newly appointed board of the Export-Import Bank of the United States

about 1 year ago
Kongsberg Maritime signs contract for the design of two multipurpose subsea vessels; Source: Kongsberg Maritime
Fossil Energy

Methanol-ready subsea vessel pair with battery hybrid tech lands on Kongsberg’s worksheet

Kongsberg Maritime has won a new design and equipment assignment for two multipurpose subsea vessels envisioned to be methanol-ready dual-fuel ships, sporting battery hybrid technology, which are set to be built for multiple purposes and optimized for advanced offshore operations under rough conditi

about 1 year ago
Noble Discoverer (former Maersk Discoverer) rig, which carried out the drilling campaign off Guyana for CGX and Frontera JV; Source: Maersk Drilling (now Noble Corporation)
Fossil Energy

Partners stand firm in opposition to Guyana pulling the plug on offshore license

Joint venture (JV) partners, Canada’s CGX Energy and Frontera Energy, have called on the Guyanese government to engage in talks and iron out the issues surrounding a license in the Corentyne block off the coast of Guyana.

about 1 year ago
Several people standing in line on a vessel with Greek flag flying above them
Fossil Energy

HD Hyundai-built LNG carrier reflagged to Greece

Greece’s Capital Gas Ship Management has completed the registration process of a liquefied natural gas (LNG) carrier to the Greek registry.

about 1 year ago
TDI-Brooks wraps up seismic survey for Shell offshore Nigeria
Fossil Energy

TDI-Brooks wraps up seismic survey for Shell offshore Nigeria

U.S.-headquartered TDI-Brooks has finalized its job with Shell Petroleum Development Company of Nigeria Limited (SPDC) which entailed series of 2D ultra high-resolution (2DUHR) seismic site survey and pipeline route assessment work offshore Nigeria. According to TDI-Brooks, the project, awarded by C

about 1 year ago
Brage platform; Source: OKEA
Fossil Energy

Norwegian firm getting a stake in North Sea prospect ahead of drill-or-drop decision

OKEA and Aker BP have struck a deal, which enables the former to get an interest in a prospect the latter is contemplating to drill with the aim of finding more hydrocarbons in the North Sea off the coast of Norway.

about 1 year ago
Illustration; Source: ExxonMobil
Fossil Energy

ExxonMobil’s oil & gas exploration gets uplift with ‘cutting-edge’ 4D seismic tech and supercomputer

ExxonMobil is buoyed by the possibility of cutting seismic processing time from months to weeks with 4D seismic technology, in combination with high-performance computing (HPC), which will bolster the firm’s subsurface capabilities.

about 1 year ago
Calcasieu Pass terminal; Source: Venture Global
Fossil Energy

US LNG player faces lawsuit for ‘misleading’ stock buyers

Several law firms have called for lead plaintiffs to step forward in a class action lawsuit filed against U.S.-based liquefied natural gas (LNG) export project developer Venture Global.

about 1 year ago
AH Skandi Skansen (for illustration purposes); Source: DOF Group
Fossil Energy

DOF picks up FPSO installation gig with mystery client

Norway’s vessel owner DOF Group has won a floating production, storage, and offloading (FPSO) installation assignment with an undisclosed operator.

about 1 year ago
A man seen from behind looking at a large vessel at sea
Fossil Energy

Shell shifting focus to deepwater and integrated gas in Nigeria as it wraps up onshore unit sale

UK-headquartered energy giant Shell has completed the sale of its Nigerian onshore subsidiary, the Shell Petroleum Development Company of Nigeria Limited (SPDC), to Renaissance, a consortium comprising five companies.

about 1 year ago
Stena Immaculate tanker; Credit: Maritime and Coastguard Agency
Fossil Energy

Oil tanker stays put as cargo ship gets a tow: US and Portugal let UK spearhead North Sea allision probe

As a recent allision between a U.S.-flagged oil/product tanker and a Portuguese container ship in the North Sea keeps reverberating across the maritime industry, many conspiracy theories are making the rounds.

about 1 year ago
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