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Fossil Energy

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Courtesy of DNO
Fossil Energy

Norwegian firm quadrupling its North Sea oil & gas production with Sval Energi buy

DNO has set the wheels into motion to augment its hydrocarbon portfolio with the acquisition of Sval Energi.

about 1 year ago
Gumusut-Kakap; Source: Shell
Fossil Energy

Shell flows first oil from next chapter of Malaysian enormous deepwater project

Shell has brought online Phase 4 of its giant deepwater development project off the coast of Malaysia.

about 1 year ago
FPSO Western Isles; Source: Jersey Oil & Gas
Fossil Energy

UK’s fiscal and regulatory hurdles pull the plug on FPSO buy as North Sea oil project awaits policy reset

A deal for an FPSO, picked for an oil redevelopment project in the North Sea, has been taken off the table as New European Offshore (NEO Energy) and its partners, Serica Energy and Jersey Oil & Gas (JOG), continue to wait clarity on the fiscal and regulatory woes arising from the UK’s current oil an

about 1 year ago
Greater Kittiwake Area (GKA); Source: EnQuest
Fossil Energy

UK oil & gas duo mulling over potential merger

Serica Energy and EnQuest have taken steps to engage in talks over a potential business combination that has the opportunity to create a bigger combined company with a total market capitalization of nearly $1 billion.

about 1 year ago
An offshore rig
Fossil Energy

UK player inks acquisition and farm-out deals for assets off Africa

After inking one deal to buy and two deals to sell a portion of its stakes in assets offshore Namibia and Cameroon, two local subsidiaries of the UK-based oil and gas company Tower Resources are seeking partner and government approvals for the transactions.

about 1 year ago
VARD starts building Island Offshore's hybrid ocean energy construction vessel, second one to follow in July
Fossil Energy

VARD starts building first Island Offshore hybrid ocean energy construction vessel, second to follow in July

Norwegian shipbuilder VARD has cut the first steel for the first hybrid power ocean energy construction vessel (OECV) it is building for compatriot shipping group Island Offshore. The steel cutting that marks the official start of construction for the first newbuild OECV, named Island Evolution, too

about 1 year ago
Keel-laying for Hull 3407; Source: Excelerate Energy
Fossil Energy

FSRU hull starts taking shape with keel-laying milestone out of the way (Gallery)

A keel-laying ceremony has been held for a newbuild floating storage regasification unit (FSRU), owned by the U.S.-based Excelerate Energy.

about 1 year ago
Plants at an LNG terminal
Fossil Energy

$18B expansion to make Louisiana LNG terminal ‘largest’ in North America

U.S. liquefied natural gas (LNG) export project developer Venture Global has disclosed its intention to expand its LNG facility south of New Orleans, Louisiana.

about 1 year ago
Denmark: TotalEnergies, Mitsui and CarbonCuts in the run for CO2 storage in coastal areas
Fossil Energy

Denmark: TotalEnergies, Mitsui and CarbonCuts in the run for coastal CO2 storage permits

The Danish Energy Agency has received two applications in the tender for permits to explore and use the subsurface for CO2 storage in three coastal areas in Denmark, launched at the beginning of 2025. The tender, opened on January 9, covers three areas near the Danish coast – Jammerbugt, Lisa and In

about 1 year ago
Transocean Barents rig; Source: OMV Petrom
Fossil Energy

WATCH: Transocean rig on its way to kick off 10-well drilling gig

One of the semi-submersible rigs, owned by Transocean, is on the move to reach an offshore site where it will embark on a multi-well drilling campaign to unlock natural gas from a project in the Black Sea.

about 1 year ago
A jack-up rig
Fossil Energy

Borr rig ends Gabon job with a bang: oil discovery opens new cluster door

Oslo-listed oil and gas E&P player BW Energy has made what it says is a “substantial” oil discovery at a field in the Dussafu license off the coast of Gabon, Africa, using a Borr Drilling jack-up rig.

about 1 year ago
FPSO Raia; Source: Equinor
Fossil Energy

MODEC cheers new ‘milestone’ for Brazil-bound FPSO as workforce earns brownie points

MODEC has achieved further progress in the construction of a floating production, storage, and offloading (FPSO) destined for a big upcoming natural gas project off the coast of Brazil, thanks to the workers hired to turn the unit plan into reality, hitting 1 million work hours without lost time acc

about 1 year ago
Golden Pass LNG
Fossil Energy

US bestows export permit extension on Golden Pass LNG terminal as start-up edges closer

The U.S. Department of Energy (DOE) has handed out its third liquefied natural gas (LNG) approval since President Donal J. Trump returned to the White House, enabling more time to start LNG exports from the Golden Pass LNG terminal (GPX) export project in Sabine Pass, Texas.

about 1 year ago
A vessel next to a larger vessel
Fossil Energy

Norwegian firm moves to become sole owner of Avenir LNG

After finalizing the acquisition of 95% of the shares of the UK-based midstream LNG & BioLNG company Avenir LNG, Stolt-Nielsen, a Norway-based company specializing in chemical and bulk liquid transportation and storage, has disclosed its intention to buy the latter’s remaining shares.

about 1 year ago
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