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Fossil Energy

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Fossil Energy

Euronav says litigation and arbitration on the table as it rejects Frontline’s tie-up termination

Belgian tanker shipping major Euronav believes that Frontline’s unilateral termination of the proposed $4.2 billion combination agreement announced on Monday was unfounded, the company said in an update. “Euronav has determined that Frontline’s unilateral action in pursuing the termination of the co

about 3 years ago

Scotland on mission to become ‘renewables powerhouse’ contemplates policy for no new oil & gas exploration

Fossil Energy

Scotland on mission to become ‘renewables powerhouse’ contemplates no new oil & gas policy

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2046

The Scottish government has released a draft energy strategy, which aims to shape the country’s next 25 years of energy production.

about 3 years ago

With six players in pursuit of previous North Sea carbon storage area, Norway invites applications for another CO2 acreage

Fossil Energy

With six players in pursuit of previous carbon storage acreage, Norway invites applications for another CO2 area

Norway’s government has received applications from six companies for acreage on the NCS to be allocated for the injection and storage of CO2.

about 3 years ago

Fossil Energy

Italian duo closes transaction for Algeria-Italy gas pipelines

Italian energy player Snam has finalized the acquisition of a 49.9 per cent stake held by compatriot oil and gas firm Eni in the companies operating two groups of international gas pipelines between Algeria and Italy. The scope of the transaction includes the onshore gas pipelines running from the A

about 3 years ago

Fossil Energy

UK oil & gas player getting rid of two ‘non-core’ North Sea discoveries

Orcadian Energy has entered into a non-binding heads of agreement with Rapid Oil to dispose of its interests in two North Sea discoveries.

about 3 years ago

Trillion Energy plans more wells at Black Sea gas field

Fossil Energy

Trillion to boost production at Black Sea gas field with additional wells

Trillion Energy is planning to add three sidetrack wells to the development program for the SASB gas field, increasing the total number of wells at the Black Sea project from 17 to 20. Trillion Energy said it had identified several additional opportunities to increase production at the SASB gas fiel

about 3 years ago

Fossil Energy

TechnipFMC scores more work with Wintershall Dea off Norway

TechnipFMC has secured an engineering, procurement, construction, and installation (EPCI) contract with oil and gas company Wintershall Dea Norge for a gas field located offshore Norway. The contract covers the design, engineering, manufacture, and installation of pipe for the Dvalin North field, wh

about 3 years ago

Shell finds gas in North Sea prospects and embarks on full well testing programme

Fossil Energy

Shell finds gas in North Sea prospect and embarks on commerciality evaluation

Shell has made a gas discovery in an exploration well in the North Sea, which was spudded using a Noble-owned rig.

about 3 years ago

Fossil Energy

With ‘diversity in the player landscape,’ Norway offers offshore oil & gas licenses to 25 firms

Norway has offered production licenses to 25 companies for further exploration activity on the Norwegian continental shelf (NCS).

about 3 years ago

Fossil Energy

DNV partners up with Ocyan, LZ Energia to decarbonise drilling operations

Ocyan, a subsidiary of the Novonor group that provides solutions for the upstream offshore oil and gas industry in Brazil and abroad, and LZ Energia, developer of technological solutions to reduce its customers’ operations fuel consumption and air pollution, have appointed DNV, the global independen

about 3 years ago

Solstad PSV hits 'incredible' emission and fuel saving milestone

Fossil Energy

Solstad PSV hits ‘incredible’ emission reduction and fuel saving milestone

Solstad Offshore’s platform supply vessel (PSV) Normand Leader has saved 29 per cent of emissions and fuel consumption compared to a normal transit and only minor vessel speed alternations. Solstad said it had worked with partner VPS Decarbonization over the last weeks to use data analytics to save

about 3 years ago

Three UK-produced ROVs get to work at Petrobras' oilfields

Fossil Energy

Three UK-produced ROVs get to work on Petrobras’ oilfields

Forum Energy Technologies (FET) has delivered three work-class remotely operated vehicles (ROVs) to Brazil-based OceanPact for deployment on Petrobras’ oilfields. The three 200HP Perry XLX-C ROVs, manufactured at FET’s UK facility at Kirkbymoorside, North Yorkshire, will be deployed on two of OceanP

about 3 years ago

Fossil Energy

Frontline pulls the plug on the highly anticipated $4.2 bln merger with Euronav

Norwegian tanker owner and operator Frontline has terminated the combination agreement it entered into with Belgian counterpart Euronav in July 2022, the company revealed on Monday in a sudden turn of events. The stock-for-stock merger deal would have created a global oil tanker operator valued at $

about 3 years ago

Fossil Energy

Archer increases 2023 guidance as it closes purchase of P&A specialist

Oilfield services provider Archer has closed the acquisition of plug and abandonment (P&A) specialist Romar-Abrado, increasing its guidance for this year. The acquisition is based on an enterprise value of $8 million, plus earn-out pending trading performance over 2023 to 2025, and is conducted on a

about 3 years ago