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Fossil Energy

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MMEGA FPSO design; Source: MISC
Fossil Energy

Bumi Armada and MISC mulling over potential merger to consolidate floating production businesses

Malaysia’s Bumi Armada is pondering a business combination with the offshore segment of MISC Berhad (MISC), an owner and operator of offshore floating and energy-related maritime solutions and services.

about 1 year ago
An offshore platform
Fossil Energy

Norwegian State bringing into its fold world’s ‘most extensive’ gas network for $1.6 billion

Norway’s Ministry of Energy has signed purchase agreements with seven companies forming part of three joint ventures (JV) that own “key” parts of the country’s gas transportation system. Agreements have been concluded with A/S Norske Shell, CapeOmega, ConocoPhillips Skandinavia, Equinor Energy, Hav

about 1 year ago
A large vessel at sea
Fossil Energy

ADNOC to supply India with LNG until 2036

ADNOC Gas, a subsidiary of Abu Dhabi National Oil Company (ADNOC), has signed a ten-year liquefied natural gas (LNG) sales and purchase agreement (SPA) with India’s state-owned natural gas player GAIL.

about 1 year ago
Illustration; Source: TotalEnergies
Fossil Energy

TotalEnergies, Shell, BP, and Equinor to assist in tackling energy access woes with $500M pledge

Four energy giants – France’s TotalEnergies, Norway’s Equinor, and the UK-headquartered Shell and BP – have confirmed their plans to pool resources to help support access to energy with a $500 million joint investment commitment.

about 1 year ago
FPSO One Guyana; Source: SBM Offshore
Fossil Energy

SBM Offshore’s FPSO trio nearing finish line for first oil next year as ExxonMobil sets its cap on buying another Guyanese unit

SBM Offshore is putting the finishing touches in place to make three of its floating production, storage, and offloading (FPSO) vessels ready to start their assignments next year. Two of these will be deployed at oil fields offshore Brazil while one is destined for ExxonMobil’s project off the coast

about 1 year ago
Illustration; Source: OMV
Fossil Energy

Arbitration win against Gazprom enables OMV to take €230M plus interest and costs home

OMV has managed to get the upper hand in the arbitration case against Gazprom Export, a subsidiary of Russia’s gas giant Gazprom, over the latter’s alleged irregular gas supplies to Germany.

about 1 year ago
Norwegian
Fossil Energy

Norwegian and Greek firms team up on joint CO2 corridor project between Norway and the Netherlands

Norwegian clean energy company Horisont Energi and ECOLOG, a Greek mid-stream carbon capture, utilization and sequestration (CCUS) service provider, have entered into an agreement to ‘advance’ the development of a carbon dioxide (CO2) corridor between Norway and the Netherlands. As disclosed, the pr

about 1 year ago
Valaris 123 jack-up rig; Source: Valaris
Fossil Energy

Shell begins laying the groundwork for recent North Sea gas discovery to become FID-ready

Shell is taking steps to set the stage for a potential final investment decision (FID) to be taken in relation to its recent gas discovery in the North Sea, which is located on the UK Continental Shelf (UKCS).

about 1 year ago
Allseas installs pipeline for 'flagship' Dutch gas development
Fossil Energy

Allseas installs pipeline for ‘flagship’ Dutch North Sea gas development

Allseas has completed the pipeline installation and post-lay activities for what is said to be a flagship project in the Dutch North Sea led by the Netherlands-based exploration and production player ONE-Dyas. Under a contract secured at the beginning of 2023, Allseas was in charge of the transport

about 1 year ago
Deepsea Atlantic semi-submersible rig; Credit: Odfjell Drilling
Fossil Energy

North Sea drilling leads to another oil & gas discovery where 12 more sprung up since 2018

Equinor has made a new oil and gas discovery in the North Sea off the coast of Norway, using one of the semi-submersible rigs owned by Odfjell Drilling.

about 1 year ago
An offshore platform with several smaller vessels around it
Fossil Energy

Axess helping Floatel cut emissions and costs across assets

Axess Group has signed a long-term frame agreement with the provider of offshore accommodation vessels Floatel International aimed at delivering cost savings and reducing carbon footprint in the latter’s operations.

about 1 year ago
Under $1.9B contract, Saipem joins TechnipFMC at TotalEnergies' oil project in Suriname
Fossil Energy

Under $1.9B contract, Saipem joins TechnipFMC at TotalEnergies’ oil project in Suriname

After news that TechnipFMC had secured a $1 billion contract for the project, Saipem has reported a $1.9 billion win for TotalEnergies’ GranMorgu oil development offshore Suriname. Saipem has secured an engineering, procurement, construction, and installation (EPCI) contract by TotalEnergies EP Suri

about 1 year ago
People standing in two lines on stage
Fossil Energy

Steel cut for Woodside’s Mexico-bound FPU

A groundbreaking ceremony for the semi-submersible floating production unit (FPU) South Korean shipbuilder HD Hyundai Heavy Industries (HD HHI) is building for Australia’s energy giant Woodside has been held at the former’s yard in Ulsan, South Korea.

about 1 year ago
US targets viable climate solutions with launch of strategy for marine CO2 removal research
Fossil Energy

US targets viable climate solutions with launch of strategy for marine CO2 removal research

The U.S. White House and the National Oceanic and Atmospheric Administration (NOAA) have released a national strategy for marine carbon dioxide removal (mCDR) research, which outlines how research could be safely and effectively accelerated, helping determine if emerging approaches are viable climat

about 1 year ago
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