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Valaris 118, formerly known as Joe Douglas; Source: BP

Fossil Energy

Valaris builds on ‘contracting success’ from 2022 with new floater and jack-up deals in 2023

Valaris has revealed a robust performance during 4Q 2022 while kicking off 2023 with new contracts and extensions for its rig fleet.

about 3 years ago

Illustration; Source: International Energy Agency (IEA)

Fossil Energy

IEA: Fraction of bumper profits during 2022 can slash oil & gas sector’s methane emissions

Methane emissions remained stubbornly high in 2022, even as soaring energy prices made actions to reduce them cheaper than ever, says IEA.

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about 3 years ago

Fossil Energy

Seismic surveys for gas exploration offshore Greece reach finish line

A survey campaign exploring potential natural gas deposits has been completed over two areas in Greece’s exclusive economic zone (EEZ) in which ExxonMobil and Helleniq Energy hold licenses. Norway’s PGS carried out the 2D seismic surveys at the offshore areas deemed as West and Southwest of Crete. T

about 3 years ago

Illustration; Source: NPD; Credit: Morten Berentsen

Fossil Energy

Norway sees lower oil and higher gas output in January

Norway’s oil & gas output in January 2023 is lower than in December 2022, but the gas production is still higher than last year and NPD’s predictions.

about 3 years ago

Depsea Yantai rig; Source: Odfjell Drilling

Fossil Energy

Norwegian oil & gas firm all set to spud North Sea wildcat

Wellesley Petroleum has secured a drilling permit from the country’s authorities for an exploration well in the North Sea off Norway.

about 3 years ago

Fossil Energy

Aker BP gets all-clear to drill North Sea prospect with Saipem rig

Aker BP has secured a drilling permit from the country’s authorities for an exploration well in the North Sea off Norway.

about 3 years ago

Fossil Energy

UK player brings online tie-back to North Sea FPSO

Tailwind Energy has started production from a well in the UK Central North Sea, which has been tied back to the Triton FPSO.

about 3 years ago

Fossil Energy

Rovco completes decommissioning ops offshore UK

Rovco, a UK provider of subsea robotics and integrated survey, has completed a contract awarded by decommissioning services provider Well-Safe Solutions to support its well plug and abandonment decommissioning operations in the Southern North Sea.

about 3 years ago

Fossil Energy

Survey for Southern North Sea gas project set for April

Belgium-based geo-data specialist GEOxyz has secured a contract with the oil and gas services provider Hartshead Resources, for a geophysical survey across the Anning and Somerville fields and inter-field pipeline locations in the Southern North Sea.

about 3 years ago

Caspian Explorer drilling vessel Source Caspian Sunrise

Fossil Energy

Drilling vessel gets new gig in Caspian Sea

Caspian Sunrise has won a new deal for the Caspian Explorer drilling vessel, enabling it to carry out work in the Caspian Sea.

about 3 years ago

Fossil Energy

Tripartite partnership pursuing European carbon capture and storage value chain

Horisont Energi and Neptune Energy have signed a Memorandum of Understanding (MoU) with E.ON for the development of a European carbon capture and storage (CCS) value chain. With the agreement, Horisont Energi aims to strengthen the existing cooperation with E.ON, and by bringing in Errai partner Nep

about 3 years ago

Fossil Energy

In focus: Investments in oil, offshore wind hit a snag, while deals on new green vessels keep emerging

Even though it is an industry which is seeing major growth, European offshore wind saw no investments in an offshore wind farm in 2022 (except in a few small floating wind projects). Oil companies are also tip-toeing around new capital investments. Meanwhile, in the shipping sector, deals on new, gr

about 3 years ago

Fossil Energy

Big oil to keep capital investment taps closed despite collecting $283 bln in 2022, says Westwood

Westwood looks into the conundrum concerning the cashflow and capex of five supermajors: BP, Shell, Chevron, ExxonMobil and TotalEnergies.

about 3 years ago

Fossil Energy

TechnipFMC to deliver subsea production systems for two Equinor fields

Norwegian state-owned energy giant Equinor has awarded TechnipFMC with contracts for the delivery of subsea production systems for two of its development projects located in the Norwegian Sea. The contracts, awarded under a framework agreement with Equinor, will see TechnipFMC supply and install sub

about 3 years ago