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UK firm emerges from Chapter 11 with FPSO charter for giant oil & gas project as ‘one of the key drivers’

Fossil Energy

UK firm emerges from Chapter 11 with FPSO deal for giant oil & gas project as ‘one of the key drivers’

UK-based energy services provider Altera Infrastructure has emerged from Chapter 11 bankruptcy, a few months after filing for it.

about 3 years ago

Fossil Energy

Acquisition to lift North Sea player into top 10 UK producers and strengthen its oil & gas portfolio

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UK-based oil and gas player Serica Energy has outlined the strategic rationale behind its proposed acquisition of Tailwind Energy Investments.

about 3 years ago

Fossil Energy

Aker Solutions to deliver FPSO upgrade for Equinor’s huge oil and gas project

Aker Solutions has secured an engineering, procurement and construction (EPC) contract from Altera Infrastructure for the complete upgrade of a floating production storage and offloading vessel (FPSO) to be redeployed at an Equinor-operated oil and gas field offshore UK. Under the contract defined a

about 3 years ago

Fossil Energy

In focus: Ammonia emerges as a ‘trump card’ as countries dash for energy security

As we entered into a new year, the mission remained the same. In the next twelve months, the offshore energy sector will continue to work on the steps to ameliorate immediate challenges and climate change impact.

about 3 years ago

Fossil Energy

More work in UK for Island Drilling’s semi-sub rig

Island Drilling has secured a contract extension for its semi-submersible rig, which will prolong the rig’s assignment in the UK.

about 3 years ago

Fossil Energy

Norway to keep boosting Europe’s energy security with high gas exports in 2023

Norway’s government expects to maintain higher output on the NCS to supply Europe with high gas exports, bolstering its energy security.

about 3 years ago

Fossil Energy

Poten: Unipec king of VLCC charters, Lukoil doesn’t make the cut

Unipec, a wholly-owned subsidiary of China Petroleum & Chemical Corporation, remained the king of the VLCC charter market in 2022 with 746 reported fixtures, according to Poten & Partners. However, Russia’s Lukoil has dropped out of the top 20 spot charterers. This is mainly due to Russia’s war in U

about 3 years ago

Fossil Energy

2022 saw higher offshore rig activity, Baker Hughes reports

Baker Hughes’ rig count report has revealed that the international offshore rig count experienced an increase of 30 units in 2022 compared to the figures from the year before. The overall international rig count including both offshore and onshore rigs was up 66 rigs from the 2021 count of 834. Acco

about 3 years ago

Fossil Energy

WATCH: Semi-sub rig arrives at UK port to get ready for its inaugural decom gig in North Sea

A semi-submersible rig has arrived at a port in Scotland to prepare for its first decommissioning assignment on the UK Continental Shelf.

about 3 years ago

Fossil Energy

Horisont Energi picks site for Errai onshore CO2 terminal

Horisont Energi has selected a site in Norway where the onshore CO2 terminal for the Errai large-scale carbon capture and storage (CCS) project will be located. The Norwegian company entered into an option agreement with Haugaland Næringspark to locate the land-based CO2 terminal for the Errai CCS p

about 3 years ago

Neptune tasked with addressing nonconformities at North Sea oil & gas asset

Fossil Energy

Neptune tasked with addressing nonconformity at North Sea oil & gas asset

Norway’s regulator has carried out an audit of Neptune’s management of major accident risk and barriers at a gas & oil asset in the North Sea.

about 3 years ago

Fossil Energy

Transocean finds more work for five rigs

Transocean has secured contract awards and extensions for five drilling rigs in the Gulf of Mexico (GOM), North Sea, Norway and Suriname.

about 3 years ago

Fossil Energy

System integration can be a game-changer if done really well, BP says

System integration might allow us to accelerate the energy transition, however, it does have its challenges. Ina Kamps, VP of Offshore Wind Growth at BP, and René Peters, Business Director at TNO, discuss what the future holds in terms of system integration and what are the steps. According to Peter

about 3 years ago

Energinet receives DNV's verification for Baltic Pipe

Fossil Energy

Energinet receives DNV verification for Baltic Pipe

Danish transmission system operator (TSO) Energinet has received Certificates of Conformity (CoC) from DNV for its section of the Baltic Pipe project. Energinet’s part consists of a 105-kilometer pipeline in the North Sea, an approximately 210-kilometer pipeline underground across Denmark, an expans

about 3 years ago