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Fossil Energy

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How do things stand for the oil & gas industry in the wake of COP27?
Fossil Energy

How do things stand for the oil & gas industry in the wake of COP27?

In the aftermath of COP27, many argue that very little progress was made on the phasing out of fossil fuels.

about 4 years ago
In focus: Battle to accelerate green energy programs continues
Fossil Energy

In focus: Battle to accelerate green energy programs continues

Winter is almost here and concerns over the security of energy supplies are on the rise. Governments and industries are trying to find ways to tackle both energy and climate crises at the same time. The never-ending battle with new regulations to accelerate green energy programs and address high pri

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about 4 years ago
Is third order the charm for a drillship that previous owners cancelled twice?
Fossil Energy

Is third time the charm for a drillship that previous owners cancelled twice?

Transocean has set the wheels into motion to acquire an interest in a newbuild drillship, after entering into a new joint venture.

about 4 years ago
Sweden: Nord Stream incident caused by 'gross sabotage'
Fossil Energy

Sweden: Nord Stream incident caused by ‘gross sabotage’

An investigation has shown that explosions that damaged the Nord Stream gas pipelines in late September were caused by “gross sabotage”, Swedish authorities announced. Swedish prosecutor Mats Ljungqvist, who is leading the ongoing preliminary investigation at the Nord Stream 1 and 2 pipelines, said

about 4 years ago
Johan Sverdrup field; Source: Equinor
Fossil Energy

Aker Solutions secures more Johan Sverdrup work

Aker Solutions has been awarded an extension for maintenance and modification work on the Johan Sverdrup field in the North Sea off Norway.

about 4 years ago
UK's oil and gas tax changes to 'hit industry hard', OEUK warns
Fossil Energy

UK’s oil and gas tax changes to ‘hit industry hard’, OEUK warns

The UK offshore industry will be “hit hard” by the recent tax changes on oil and gas production, which threaten to drive out investors and drive up imports, leaving consumers increasingly exposed to global shortages, UK’s representative body for the offshore energy industry Offshore Energies UK (OEU

about 4 years ago
Contractor chosen for BP’s compression platform project in Caspian Sea
Fossil Energy

Contractor chosen for BP’s compression platform project in Caspian Sea

A joint venture between KBR and SOCAR has been awarded a contract by BP for the delivery of an unmanned compression platform in Azerbaijan.

about 4 years ago
UK offshore workers down tools over pay dispute
Fossil Energy

UK offshore workers down tools over pay dispute

UK’s Unite the union has confirmed that around 146 offshore workers have opted to take strike action due to a dispute over pay and benefits.

about 4 years ago
OKEA
Fossil Energy

Issues at North Sea field cut down Norwegian player’s production outlook

Norwegian oil and gas company OKEA is reducing its production outlook for 2023 following news that limited production is expected from a field in which it had recently purchased a stake. Operator Wintershall Dea Norge informed OKEA that issues with the water injectors at the Nova field may limit its

about 4 years ago
WATCH: 'Record-breaking' FPSO decom ops winding down in Norway
Fossil Energy

WATCH: ‘Record-breaking’ FPSO decom ops winding down in Norway

The semi-submersible heavy transport vessel Xin Guang Hua, owned by China’s COSCO Shipping, has completed the float-on and load-in operation of a floating, production, storage and offloading unit (FPSO) set to be decommissioned, an operation that is believed to have set a new world record. Xin Guang

about 4 years ago
INEOS picks structural integrity analysis provider for North Sea platforms
Fossil Energy

INEOS picks structural integrity analysis provider for North Sea platforms

UK-based oil and gas company INEOS has awarded energy services company Kent with a framework contract for the delivery of structural integrity analysis modeling services for its offshore facilities. Under the three-year contract, Kent will deliver the full suite of structural analysis services for I

about 4 years ago
UK firm backs 'major' North Sea operator with casing integrity solution
Fossil Energy

UK firm backs ‘major’ North Sea operator with casing integrity solution

UK-headquartered well integrity and production optimization firm Coretrax has completed a multi-product project for a “major” North Sea operator said to have eliminated the need for a casing string to be replaced. The project, which saw the delivery of a casing integrity solution, included the ident

about 4 years ago
Neptune finds hydrocarbons in Norwegian Sea prospect
Fossil Energy

Neptune finds hydrocarbons in Norwegian Sea prospect

Neptune Energy has encountered hydrocarbons during the drilling of an exploration well located in the Norwegian Sea.

about 4 years ago
Wintershall Dea hands in amended plan for Norwegian field
Fossil Energy

Wintershall Dea hands in amended plan for Norwegian field

Operator Wintershall Dea and licensees Petoro and Sval Energi have submitted the amended plan for the development and operation of the Maria field to Norway’s Ministry of Petroleum and Energy. Located at a depth of 300 meters in the Norwegian Sea, the Maria field started production in 2017 from two

about 4 years ago