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Fossil Energy

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Brage platform; Source: OKEA
Fossil Energy

Stamp of approval for North Sea operator to kick off drilling ops

Norwegian oil and gas company OKEA has secured a drilling permit from the country’s authorities for an exploration well in the North Sea off the coast of Norway.

about 1 year ago
Shelf Drilling Barsk (former Noble Lloyd Noble) jack-up rig; Source: Jamie Baikie/Equinor
Fossil Energy

With clearance in hand, Shelf Drilling focuses on final rig prep for ops in Norwegian waters

Shelf Drilling has now received the Norwegian offshore safety regulator’s stamp of approval after the watchdog’s initial rejection of its application to obtain an acknowledgment of compliance (AoC) for one of its jack-up rigs, which is gearing up for work on the Norwegian Continental Shelf (NCS) wit

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about 1 year ago
A panel session at Offshore Energy Exhibition & Conference 2023 in Amsterdam
Fossil Energy

OEEC 2024: A lot to talk about

In a little more than five years, renewable energy targets set for 2030 will come knocking on the door. Whether they will be reached, missed or overshot, depends on multiple factors, most of which concern policymakers and the energy sector itself. At the end of 2023, the EU increased the binding ren

about 1 year ago
TGS sees record-high OBN contract activity following merger with PGS
Fossil Energy

TGS sees record-high OBN contract activity following merger with PGS

Norway-based energy data and intelligence company TGS has reported record-high ocean bottom node (OBN) contract activity in the third quarter of 2024, the first quarter including PGS, with the utilization of its streamer fleet improving on high bid activity. In Q3 2024, TGS said that the activity le

about 1 year ago
Outer Harbor project site in February 2024; Source: Venice Energy
Fossil Energy

US firm bankrolls its Singapore arm’s entrance into Australian LNG market

Nebula Energy will foot the bill for its majority-owned AG&P LNG to spread its wings into the Australian liquefied natural gas (LNG) arena with the acquisition of Venice Energy, a developer of an import terminal project in South Australia, which is said to be the world’s first floating LNG (FLNG) im

about 1 year ago
'First-of-its-kind' open-access CO2 storage concept gets €225 million EU support
Fossil Energy

‘First-of-its-kind’ open-access CO2 storage concept gets €225 million EU support

UK’s energy services provider Altera Infrastructure and oil and gas company Harbour Energy have secured up to €225 million in grant funding from the EU Innovation Fund for what is said to be the first-of-its-kind large-scale solution for CO2 sequestration using shared, flexible offshore infrastructu

about 1 year ago
Topside structure of an offshore plant manufactured by Dyna-Mac; Source: Hanwha Ocean
Fossil Energy

As Singapore FPSO builder’s directors back its bid, South Korean shipbuilder closing in on takeover deal

The sweetened deal South Korea’s shipbuilder Hanwha Ocean made with an 11.67% rise in its final offer seems to have worked its magic, as the independent directors of Singapore-based offshore builder Dyna-Mac have recommended to shareholders to accept the cash offer.

about 1 year ago
Ocean Onyx semi-submersible rig; Source: Noble
Fossil Energy

Noble anticipates step-up in floater rig demand as deepwater oil & gas plays become ‘critical’ to global energy security

Noble Corporation is expecting a ramp-up in drilling demand for the floater fleet from late 2025 and 2026, which will spur further rig reactivations, as it perceives the oil and gas production from deepwater reservoirs as an important factor in the global security of energy supply.

about 1 year ago
Illustration; Source: BOEM
Fossil Energy

US court forestalls threat of oil & gas shutdown in Gulf of Mexico with a reprieve

A court decision, which was interpreted to pose a serious threat to new and existing oil and natural gas operations in the U.S. Gulf of Mexico with some fearing that it would have unintended consequences for the offshore wind program as well, has been replaced with a new one.

about 1 year ago
Sleipner field in North Sea; Credit: Øyvind Gravås and Bo B. Randulff/Equinor
Fossil Energy

Update: North Sea platform still offline after smoke incident

Equinor has confirmed that the production at an unmanned production platform on a gas field in the North Sea offshore Norway remains shut in, following the appearance of smoke, with no impact on committed gas exports currently anticipated.

about 1 year ago
Island Innovator rig; Source: Island Drilling
Fossil Energy

Island Drilling rig makes a stop at shipyard in Las Palmas

Canarship has confirmed the arrival of a semi-submersible rig to the Port of Las Palmas. This rig is owned by Norway’s Island Drilling.

about 1 year ago
FSRU; Courtesy of Hanwha Ocean
Fossil Energy

Japanese giant strikes deal for Singapore’s first FSRU

Mitsui O.S.K. Lines (MOL) has won a long-term time charter contract for a floating storage and regasification unit (FSRU), which will be built by South Korea’s Hanwha Ocean for deployment in Singapore.

about 1 year ago
Wärtsilä and Qatar Shipyard shake hands on eco-friendly maintenance and repair services
Fossil Energy

Wärtsilä and Qatar Shipyard shake hands on eco-friendly maintenance and repair services

Finnish technology group Wärtsilä has signed a memorandum of understanding (MoU) with Qatar Shipyard Technology Solutions, a joint venture between Nakilat and Keppel Offshore & Marine, related to maintenance and repair services involving eco-friendly technology, decarbonization, and dual-fuel conver

about 1 year ago
PSV Skandi Feistein; Source: DOF
Fossil Energy

DOF vessel finds more work with oil major in Australian waters

DOF Group has secured a new long-term assignment for one of its platform supply vessels (PSVs) off the coast of Australia, which enables the ship to remain in the country after wrapping up its five-year job with Esso Australia, an Australian affiliate of ExxonMobil.

about 1 year ago