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Fossil Energy

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Black Sea map; Source: OMV Petrom
Fossil Energy

Israel’s NewMed getting in on Black Sea hydrocarbon exploration ops

OMV Petrom has struck a deal with NewMed Energy for the transfer of a partial stake in an offshore block in Bulgaria’s part of the Black Sea, enabling the latter to join the upcoming exploration activities in search for more hydrocarbons.

about 1 year ago
Tartaruga field; Source: Petrobras
Fossil Energy

Petrobras launches divestment of shallow water oil & gas field offshore Brazil

Petrobras has kicked off the opportunity disclosure stage for the sale of its working interest in a producing shallow water field in the Sergipe-Alagoas Basin off the coast of Brazil.

about 1 year ago
Transocean Endurance rig; Source: Songa Offshore, now part of Transocean
Fossil Energy

Transocean rig boosting staff safety with UK player’s zone monitoring tech

Salunda has secured its first installation of its patented zone monitoring technology in Australia and the wider Asia Pacific (APAC) region, thanks to a deal to deploy its zone monitoring solution on one of Transocean’s rigs working in Australian waters.

about 1 year ago
Chinese shipbuilder hands over first 175,000 cbm LNG carrier to ADNOC L&S
Fossil Energy

Chinese shipbuilder hands over first 175,000 cbm LNG carrier to ADNOC L&S

ADNOC Logistics & Services (ADNOC L&S) has taken delivery of the first newbuild LNG carrier from Jiangnan Shipyard in China.

about 1 year ago
LIVE BLOG: Offshore Energy Exhibition & Conference 2024
Fossil Energy

LIVE BLOG: Offshore Energy Exhibition & Conference 2024

Welcome to the Live Blog! That’s a wrap! As OEEC 2024 comes to a close, Navingo invites all attendees to join for the final celebration! After two dynamic days of exploring innovations in the offshore energy sector, it’s time to relax, reflect and network over drinks and bites. Join us at the Stage

12 minutes read
Visit to Subsea7's Seven Seas pipe-laying vessel; Source: BP
Fossil Energy

BP’s project on track for first gas in 2025 as Seven Seas preps for action

BP is moving forward with activities required to bring on stream a subsea gas development project offshore Trinidad and Tobago.

about 1 year ago
Mist rig; Source: Borr Drilling
Fossil Energy

Borr Drilling rig begins another five-well campaign at next field on its drilling list

Valeura Energy has achieved an oil production boost, following a five-well infill drilling program at a field off the coast of Thailand. Encouraged by these results, the firm has prolonged the assignment for one of Borr Drilling’s jack-up rigs, which undertook these drilling operations, thus, the mo

about 1 year ago
FSRU Toscana; Source: OLT Offshore LNG Toscana
Fossil Energy

Italian FSRU goes back to work

OLT Offshore LNG Toscana, controlled by Snam and Igneo Infrastructure Partners, has brought its floating storage and regasification unit (FSRU) back to its post off the coast of Livorno.

about 1 year ago
Deepsea Mira rig; Source: Odfjell Drilling
Fossil Energy

TotalEnergies selling minor stakes in two Namibian offshore blocks to QatarEnergy

QatarEnergy is enlarging its portfolio of assets in the Orange Basin, thanks to a deal with France’s energy giant TotalEnergies, which will enable it to acquire additional interests in two blocks located about 300 kilometers off the coast of Namibia.

about 1 year ago
Tangguh LNG; Source: BP
Fossil Energy

Saipem picks up $1 billion job on BP’s $7B integrated gas and CCUS project

Saipem has won a new offshore assignment with BP for work on an Asian integrated project’s offshore facilities for natural gas production and transportation alongside carbon capture, utilization, and storage (CCUS).

about 1 year ago
Damen
Fossil Energy

Damen, Herman Sr. shake hands on methanol-ready, diesel-electric multipurpose ship

Dutch shipbuilding major Damen Shipyards Group and compatriot tug and workboat company Herman Sr. have signed a letter of intent (LOI) for the construction of a new methanol-ready diesel-electric multipurpose vessel (MPV).

about 1 year ago
Showing the Sea Lion FPSO and the Phase 1 & 2 development field layout; Source: Navitas
Fossil Energy

Sea Lion’s first roar pushed back as costs rise to $1.4 billion for Falkland Islands’ oil project

Israel’s Navitas Petroleum has postponed a final investment decision (FID) for its giant Sea Lion oil project in the North Falkland Basin (NFB), bumping it to next year for Phase 1, following the cost hike to $1.4 billion.

about 1 year ago
FLNG Nguya; Source: Eni
Fossil Energy

FLNG milestone keeps Eni’s next chapter of African LNG story on track (Gallery)

Eni has made inroads in bringing its new floating liquefied natural gas (FLNG) unit to life in line with its start-up timeline, thus, the unit is still slated to come into operation mode in the fourth quarter of 2025 at the Italian player’s LNG project off the coast of Congo, Africa.

about 1 year ago
Illustration; Source: Seatrium
Fossil Energy

Asian duo to create ‘cutting-edge’ jack-up rigs for India’s offshore arena

Seatrium has joined forces with India’s Cochin Shipyard to bring to life mobile offshore drilling units (MODUs), which will be designed specifically to meet the needs of the Indian offshore oil and gas market.

about 1 year ago
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