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Fossil Energy

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Namaka Subsea gets to work with Petronas
Fossil Energy

Namaka Subsea gets to work with Petronas

Malaysian energy company Petronas has awarded consulting company Namaka Subsea with a contract for the provision of diving contractor and competency assurance services. “We are thrilled to have been selected by Petronas for this contract,” said Namaka Subsea’s Managing Director, Lee Duncan. “This is

about 3 years ago
ADNOC and Eni ally on clean energy and sustainability
Fossil Energy

ADNOC and Eni ally on clean energy and sustainability

The UAE’s Abu Dhabi National Oil Company (ADNOC) and Italy’s Eni have signed a Memorandum of Understanding (MoU) which outlines a framework of cooperation for future joint projects on energy transition, sustainability, and decarbonisation. Through this agreement, Eni and ADNOC said they will explore

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about 3 years ago
Illustration; Source: Worley
Fossil Energy

In focus: Tackling energy trilemma with oil & gas industry calling the shots

With the global oil and gas industry’s income skyrocketing to nearly $4 trillion in 2022, many are of the opinion that this sector holds the purse strings. Will it tighten or loosen them to invest a considerable chunk in the clean energy transition?

12 minutes read
West Hercules rig; Source: Equinor; Credit: Ole Jørgen Bratland
Fossil Energy

Once Norwegian Sea licence is dropped, Longboat plans to pick it up

Longboat Energy is seeking to forge a new group of partners to re-apply for a license in the Norwegian Sea, once it has been abandoned.

about 3 years ago
UK-produced well site processing solution to cut North Sea oil & gas operator's emissions by half
Fossil Energy

UK-produced well site processing solution to cut North Sea operator’s emissions

UK-based provider of integrated drilling waste management and environmental solutions TWMA has secured a seven-figure contract with an undisclosed “major” North Sea oil and gas operator. Under the contract, TWMA said it would deploy its RotoMill well site processing solution on a harsh environment s

about 3 years ago
FPSO Petrojarl Knarr, which is expected to work on Equinor’s Rosebank oil and gas field off the coast of Shetland; Source: Altera Infrastructure
Fossil Energy

Equinor buying Suncor’s UK assets for $850 million

Equinor has inked an agreement to acquire Suncor Energy UK Limited, a subsidiary of Canada’s Suncor, for a total consideration of $850 million.

about 3 years ago
Neptune Energy commits to Extractive Industries Transparency Initiative
Fossil Energy

Neptune Energy commits to initiative bolstering tax revenue accountability of natural resources

Oil and gas company Neptune Energy has committed to the Extractive Industries Transparency Initiative (EITI) which aims to improve accountability for the revenues paid and received for a country’s oil, gas and mineral resources. Neptune Energy said that becoming a formal supporting company builds on

about 3 years ago
Subsea 7 sees highest order intake in last 9 years
Fossil Energy

Subsea 7 sees highest order intake in last 9 years

Subsea 7 has reported an order intake of over $7 billion for the full year of 2022, representing the highest order intake since 2013, with a backlog of over $9 billion, said to have resulted in high revenue visibility for 2024 and beyond. In 2022, Subsea 7 reported revenue of $5.1 billion, which is

about 3 years ago
Map of the acreage position in the West of Shetlands; Source: Spark New Energies
Fossil Energy

UK oil & gas player buying West of Shetland assets

Viaro Energy, through its wholly-owned subsidiary RockRose Energy, has executed a share purchase agreement to acquire Spark Exploration UK.

about 3 years ago
Petrofac extends collaboration with Scottish repair, inspection and integrity solutions provider
Fossil Energy

Petrofac extends collaboration with Scottish repair and inspection solutions provider

Oilfield services provider Petrofac has signed a new master service agreement (MSA) with ICR Integrity, a Scotland-headquartered provider of specialist repair, inspection and integrity solutions, valued at over £1 million per annum. Under the MSA, initially awarded in 2019, ICR’s partnership with Pe

about 3 years ago
Scarabeo 8 rig; Source: Saipem
Fossil Energy

Aker BP’s North Sea well comes up dry

Aker BP has completed the drilling of an exploration well near the Edvard Grieg field in the Norwegian sector of the North Sea but failed to find hydrocarbons.

about 3 years ago
FPSO Goliat; Credit: Øyvind Gravås/Vår Energi
Fossil Energy

Recent oil discovery in Barents Sea puts forward tie-back to existing FPSO

Vår Energi’s oil discovery near the Goliat field in the Barents Sea has brought the possibility of a tie-back to the existing infrastructure.

about 3 years ago
A photo of the Kincardine floating wind farm in Scotland featuring Principle Power's floating foundations
Fossil Energy

Flotation Energy, Vårgrønn take first permitting step for another oil & gas-powering floating wind farm

Flotation Energy and Vårgrønn, who recently filed a Marine Licence application for their 500 MW Green Volt floating wind farm in Scotland, have now submitted a Scoping Report for the 1.4 GW Cenos floating offshore wind farm to Marine Scotland. The developers have submitted leasing applications for b

about 3 years ago
New partnership targets cutting costs of carbon capture and storage infrastructure
Fossil Energy

New partnership targets cutting costs of carbon capture and storage infrastructure

Technology group ABB and Pace CCS, a UK provider of engineering design to the CCS and blue hydrogen industries, have signed a partnership agreement to deliver a solution that reduces the cost of integrating carbon capture and storage (CCS) into new and existing industrial operations. The two compani

about 3 years ago