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Fossil Energy

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FSRU conversion works for EemsEnergyTerminal are now underway; Source: Exmar
Fossil Energy

Exmar embarks on FSRU conversion job for Dutch LNG terminal

Belgian shipping company Exmar has started the conversion works for a new floating storage regasification unit (FSRU) destined for the expansion of a liquefied natural gas (LNG) terminal in the Netherlands.

about 6 months ago
AF Gruppen buys Acteon business to expand its decom and offshore wind offering
Fossil Energy

AF Gruppen buys Acteon business to expand its decom and offshore wind offering

Norway’s AF Gruppen is acquiring Aberdeen-headquartered Claxton, a provider of technology-driven services and engineering primarily within offshore decommissioning, from the UK-headquartered Acteon Group for an agreed enterprise value of £63.5 million (around €72.8 million). The transaction comprise

about 6 months ago
Borgland Dolphin drilling rig; Source: Dolphin Drilling
Fossil Energy

Dolphin Drilling’s 1977-built rig gets hold of new multi-year gig

Dolphin Drilling, an Oslo-listed, Aberdeen-headquartered owner and operator of a fleet of harsh environment mid-water and deepwater semi-submersible drilling rigs, has won a potential long-term job with an undisclosed oil and gas player for one of its semi-submersible rigs.

about 6 months ago
Blythe platform; Source: IOG
Fossil Energy

Perenco enlarges its Southern North Sea asset arsenal

Perenco UK (PUK), part of Anglo-French oil and gas player Perenco, has augmented its portfolio in the Southern North Sea, with the acquisition of two licenses on the UK Continental Shelf (UKCS).

about 6 months ago
Fenris topside sails from Aker Solutions' yard in Verdal; Source: Aker BP
Fossil Energy

WATCH: Aker BP making inroads at North Sea oil & gas projects

Norwegian oil and gas player Aker BP has progressed the development of its projects on the Norwegian Continental Shelf (NCS).

about 6 months ago
Illustration; Source: TotalEnergies
Fossil Energy

TotalEnergies combines strengths with TPAO for oil & gas exploration ops

France-headquartered energy giant TotalEnergies is pooling resources with Türkiye‘s national oil and gas giant, Türkiye Petrolleri A.O. (TPAO), to embark on hydrocarbon exploration activities.

about 6 months ago
Illustration; Source: Baker Hughes
Fossil Energy

Baker Hughes hauls in $1.45 billion for sale of Waygate Technologies

U.S.-headquartered energy technology giant Baker Hughes has struck a deal to offload Waygate Technologies, part of its Industrial & Energy Technology (IET) segment, to Stockholm-headquartered Hexagon, a measurement technologies player.

about 6 months ago
A man seen from behind looking at the sea
Fossil Energy

CB&I all done with acquisition of Petrofac’s Asset Solutions business

CB&I, a designer and builder of storage facilities, tanks, and terminals owned by a consortium of financial investors led by Mason Capital Management, has expanded its service offering with the purchase of Petrofac’s Asset Solutions business, a provider of operations, maintenance and decommissioning

about 6 months ago
Marvel Swallow LNG tanker; Source: Elenger
Fossil Energy

European firm lines up five LNG cargos to up gas storage ante

Elenger, Finland’s privately owned energy company by Infortar, has set the wheels in motion to get ready for the next heating season by securing five liquefied natural gas (LNG) cargoes this spring.

about 6 months ago
Beryl Alpha in North Sea; Source: APA
Fossil Energy

250 North Sea workers to reap benefits from UK union recognition deal

The offshore workers’ voices on the UK Continental Shelf (UKCS) are set to be amplified as Unite, described as Britain’s largest offshore trade union, has secured a new recognition agreement with Apache, a North Sea operator.

about 6 months ago
EnQuest
Fossil Energy

Multimillion-dollar fine for EnQuest over 33 idle wells as UK cracks down on decom inactivity

Great Britain’s regulator, North Sea Transition Authority (NSTA), has hit London Stock Exchange-listed energy player EnQuest with a penalty over decommissioning failures related to 33 inactive wells.

about 6 months ago
Third Northern Lights LCO2 carrier blessed, now preparing for service
Fossil Energy

Third Northern Lights LCO2 carrier blessed, now preparing for service

Northern Phoenix, the third liquefied carbon dioxide (LCO2) carrier for the Northern Lights CO2 project in Norway, has officially been blessed and will now start final preparations and commissioning ahead of operations. China’s Dalian Shipbuilding Industry (DSIC), part of China State Shipbuilding Co

about 6 months ago
Aker BP gets the all-clear to use Maersk rig on North Sea field
Fossil Energy

Go-ahead for Aker BP to use accommodation facility at North Sea field

The Norwegian offshore safety regulator has given its blessing to Aker BP to deploy Macro Offshore Management’s mobile living quarters facility at a field in the North Sea off the coast of Norway.

about 6 months ago
Capricorn’s NewMed merger plan runs up against strong shareholders’ opposition
Fossil Energy

Saudi player’s takeover bid deadline for UK oil & gas firm gets prolonged

UK-headquartered Capricorn Energy, formerly known as Cairn Energy, has confirmed the extension of the deadline for a potential takeover offer from Alamadiyaf al-Masiyyah, a member of Saudi Arabia’s Cafani Group.

about 6 months ago
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