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Fossil Energy

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Oil & gas players join forces to scale up energy industry’s digital inventory ecosystem
Fossil Energy

Oil & gas players join forces to scale up energy industry’s digital inventory ecosystem

Five oil & gas firms have inked an industry collaboration agreement with a software company to standardize the digital supply of spare parts.

about 3 years ago
Wintershall Dea exiting Russia as operations are "not tenable"
Fossil Energy

Wintershall Dea exiting Russia as operations are “not tenable”

Germany’s oil and gas company Wintershall Dea is planning to fully exit Russia, stating that continuing to operate in Russia is “not tenable” and that Russia’s aggression on Ukraine is incompatible with the company’s values. The Supervisory Board approved a principle decision by the Management Board

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about 3 years ago
Fresh gas discovery in Norwegian Sea puts tie-back potential on the table
Fossil Energy

Fresh gas discovery in Norwegian Sea puts tie-back potential on the table

Norwegian state-owned energy giant Equinor has made a new commercial gas discovery in the Norwegian Sea using an Odfjell Drilling-owned rig.

about 3 years ago
UK firm chosen to drill well offshore Isle of Man
Fossil Energy

UK firm chosen to drill well offshore Isle of Man

Isle of Man-based Crogga Limited has awarded Aberdeen-based energy services company THREE60 Energy with a contract to drill an appraisal well this year in the Crogga gas field in the Irish Sea. The 112/25a-2 appraisal well, called Independence, will be used to establish commercial flow rates of gas

about 3 years ago
UK’s first licensing round since 2019 brings 115 bids from 76 oil & gas firms
Fossil Energy

UK’s first licensing round since 2019 brings 115 bids from 76 oil & gas firms

The UK’s 33rd offshore oil and gas licensing round has attracted a total of 115 bids across 258 blocks and part-blocks from 76 companies.

about 3 years ago
UK partnership aims to 'revolutionize' subsea cutting with new system
Fossil Energy

UK partners developing new system to ‘revolutionize’ subsea cutting

A partnership comprising Acteon’s Claxton, the University of Aberdeen, the National Decommissioning Centre, and the Net Zero Technology Centre is developing a gas-jet system expected to “revolutionize” subsea cutting. The Underwater Laser Cutting (UWLC) technology is said to improve efficiency when

about 3 years ago
UK player buying North Sea discovery from compatriot firm
Fossil Energy

UK player snaps up North Sea discovery

Quattro Energy has entered into a binding deal to buy a license in the Central North Sea, which includes an existing oil discovery.

about 3 years ago
OMV gearing up to drill two North Sea wells
Fossil Energy

OMV gearing up to drill two North Sea wells

OMV has secured a drilling permit from Norway’s authorities for two exploration wells in the Norwegian part of the North Sea.

about 3 years ago
Semi-sub rig to sport new filterless ballast water management system
Fossil Energy

Semi-sub rig to sport new filterless ballast water management system

Island Drilling has decided to retrofit its semi-submersible drilling rig with Ecochlor’s EcoOne filterless ballast water management system (BWMS).

about 3 years ago
Enagás buys stake in UK-Netherlands subsea gas pipeline operator
Fossil Energy

Enagás buys stake in UK-Netherlands subsea gas pipeline operator

Spanish energy company Enagás has reached an agreement with Germany’s Uniper to acquire a 20% stake in the Dutch BBL Company, an owner of a 235-kilometre subsea gas interconnection between the Netherlands and the UK. Enagás concluded the deal as part of the objectives of its strategic plan to contri

about 3 years ago
In focus: Is Europe the heart of the energy transition?
Fossil Energy

In focus: Is Europe the heart of the energy transition?

It is just the second week of the new year ahead of us, however, European authorities and industry are not wasting any time on acting upon carbon reduction efforts. This week saw the European Union launch a number of initiatives, making us wonder whether 2023 will be the year of big changes.

about 3 years ago
Deep dive: What's in store for Valaris rigs?
Fossil Energy

Deep dive: What’s in store for Valaris rigs?

An in-depth review of Valaris’ rigs, including details about new contracts and extensions along with other recent activities related to its fleet.

about 3 years ago
Low-carbon investments set to hit $620 billion in 2023, Rystad says
Fossil Energy

Low-carbon investments set to hit $620 billion in 2023, Rystad says

While low-carbon investments overtook oil & gas spending for the first time in 2022, this growth is expected to slow in 2023, says Rystad.

about 3 years ago
BP picks UK firm for global well engineering services
Fossil Energy

BP picks UK firm for global well engineering services

BP has handed out a long-term deal for well engineering services across its global operations to THREE60 Energy.

about 3 years ago