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Fossil Energy

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Oil & GasBusiness & FinanceBusiness Developments & ProjectsExploration & ProductionProject & TendersAuthorities & GovernmentRegulation & PolicyLow-Carbon TransitionEnvironmentVesselsRigsSubseaTransitionFPSO & VesselsLiquefied Natural GasHydrogenPipesTransport & StorageInfrastructureMarket OutlooksOperations & MaintenanceOutlook & StrategySafetyVision
Luda 5-2 North oilfield phase II development project; Source: CNOOC
Fossil Energy

Next chapter of Chinese giant’s offshore project boosts super heavy oil development

Chinese state-owned oil and gas giant CNOOC has kick-started production from the second phase of its oilfield development project in the Bohai Sea.

about 1 year ago
A helicopter mid-flight
Fossil Energy

Vår Energi selects compatriot player as its offshore flight operator

Norwegian oil & gas player Vår Energi has awarded compatriot company Lufttransport RW the contract for operating two new helicopters manufactured by Italy’s Leonardo.

about 1 year ago
Two dozens of people standing in a single line on a stage
Fossil Energy

Malaysia stepping up hydrocarbon game with new bid round and deals with global majors

After concluding the Malaysia Bid Round 2024 (MBR 2024) by signing two offshore production sharing contracts (PSCs) with Japan’s Inpex Corporation through its subsidiary Malaysia Petroleum Management (MPM), Malaysia’s state-owned energy player Petronas has announced a new licensing round.

about 1 year ago
Ursa platform; Source: Shell
Fossil Energy

Shell forks out $735 million for ConocoPhillips’ stakes in its US deepwater oil assets

Shell has made a play for interests ConocoPhillips, a U.S. oil major, holds in its assets in the Gulf of America (GoA), formerly named Gulf of Mexico (GoM).

about 1 year ago
Texas GulfLink deepwater crude oil export terminal; Source: Sentinel Texas GulfLink
Fossil Energy

‘Permitting milestone’ slides into place for US deepwater crude oil export terminal

Texas GulfLink has secured a stamp of approval from the U.S. Department of Transportation’s Maritime Administration for its deepwater port license application, bringing a multi-year environmental and technical review saga to an end.

about 1 year ago
Scarabeo 8 rig; Source: Saipem
Fossil Energy

Aker BP comes up empty-handed at another prospect as drilling ops wind down

Aker BP has found no hydrocarbons in the Norwegian Sea, following drilling activities conducted by one of Saipem’s semi-submersible rigs off the coast of Norway.

about 1 year ago
Hywind Tampen wind farm (on the horizon) powers the Gullfaks and Snorre fields; Credit: Ole Jørgen Bratland
Fossil Energy

Electrification tops Norway’s list of ‘most efficient’ oil & gas decarbonization tools

Equinor has portrayed electrification as the key measure to curb greenhouse gas (GHG) emissions from oil and gas production, paving the way to move forward with the energy transition journey to a low-carbon and zero-emission era.

about 1 year ago
Two women sitting behind a desk
Fossil Energy

Petrobras secures $1.1B loan for decarbonization initiatives

Brazil’s energy giant Petrobras has signed two credit notes and a memorandum of understanding (MoU) with the Banco do Brasil (BB) aiming to fund and promote initiatives related to sustainability and energy transition.

about 1 year ago
Illustration; Source: BOEM
Fossil Energy

Court challenge takes first crack at US move to ignite offshore oil & gas drilling boom

With the first legal stone cast at the reversal of ocean protections, the Trump administration is facing its initial environmental challenge from groups concerned about the threats stemming from steps taken to spur offshore drilling zest for a new era of oil and gas rush.

about 1 year ago
FPSO Penguins; Source: Wood
Fossil Energy

Multimillion-dollar job across Shell’s assets keeps Wood busy in UK

Wood is staying for two more years on duty with Shell, thanks to a contract extension, which covers the British oil major’s onshore and offshore portfolio in the United Kingdom.

about 1 year ago
Ichthys LNG BCM being placed on Heerema's Sleipnir; Source: Inpex Australia
Fossil Energy

Heerema’s heavy lift vessel carrying ‘engineering marvel’ to enhance production from Ichthys

Inpex has confirmed the setting of the stage for a miles-long journey, which Heerema Marine Contractors and its heavy lift vessel will undertake to bring a liquefied natural gas (LNG) booster compression module (BCM) from Indonesia to Australian waters, where it will be installed to augment producti

about 1 year ago
A vessel at sea
Fossil Energy

Centrica to supply Petrobras with LNG until 2040s

Brazil’s state-owned energy giant Petrobras has signed a long-term purchase and sale agreement for liquefied natural gas (LNG) with the U.K.-based energy company Centrica.

about 1 year ago
Nord Stream 2 could be repurposes for hydrogen and LNG, says Swiss StreamTec Solutions
Fossil Energy

Nord Stream 2 could be repurposed for hydrogen and LNG, says Swiss StreamTec Solutions

The Nord Stream 2 gas pipeline that connects Russia and Germany through the Baltic Sea suffered damage in September 2022 following an explosion. StreamTec Solutions, a company formed from the management team of the Nord Stream pipelines, has conducted research on the current condition of Nord Stream

about 1 year ago
Illustration; Source: ARO Drilling
Fossil Energy

New rig job lands on Seatrium’s table

Seatrium has emerged as the winner in an international tender from International Maritime Industries (IMI), said to be the largest shipyard in the Middle East and North Africa (MENA) region, for the supply of equipment and license for jack-up rig destined to work in the Middle East.

about 1 year ago
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