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Fossil Energy

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Illustration; Source: Wood Mackenzie
Fossil Energy

Middle East conflict: Energy security risks and price shocks as market volatility hits supply chains

Since the ignition of the conflict between the U.S. and Israel on one side and Iran on the other, the global markets have been on tenterhooks, as fears continue to grow over the impact the hostilities will have not just on the Middle East region but also the world at large, especially in terms of ec

about 7 months ago
Second UK CO2 storage licensing round yields interest for over 2 million North Sea acres
Fossil Energy
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Second UK CO2 storage licensing round yields interest for over 2 million North Sea acres

The North Sea Transition Authority (NSTA) has received bids from carbon storage developers for more than 2 million acres of North Sea seabed as part of its second carbon storage licensing round. The licensing round was opened in December 2025, offering five locations offshore Scotland and nine offsh

about 7 months ago
FPSO Kraken; Source: EnerMech
Fossil Energy

New North Sea FPSO job in EnerMech’s hands

Aberdeen-headquartered integrated solutions specialist EnerMech has won a new multi-year deal with Malaysia’s Bumi Armada for a floating production, storage, and offloading (FPSO) vessel deployed in the UK sector of the North Sea.

about 7 months ago
Deutsche Ostsee; Source: Deutsche Regas
Fossil Energy

German player picks up permanent permit for LNG terminal with FSRU duo

Germany’s private operator of liquefied natural gas (LNG) terminals, Deutsche ReGas, has secured the go-ahead for the permanent operation of an energy terminal in Mukran with two floating storage and regasification units (FSRUs) using onboard gas generators.

about 7 months ago
Norway: Northern Lights starts injecting first CO2 from wastewater
Fossil Energy

Norway: Northern Lights starts injecting first CO2 from wastewater

The Northern Lights CO2 project in the Norwegian North Sea has started injecting the first biogenic CO2 from wastewater treatment delivered to the receiving terminal in Øygarden. Carbon removal company Inherit has delivered CO2 cargos to Northern Lights from Veas, Norway’s largest wastewater treatme

about 7 months ago
Illustration; Source: Adura via LinkedIn
Fossil Energy

$3 billion loan in the bag, as Shell and Equinor’s UK JV ups financial ante

Adura, an incorporated joint venture (IJV) between the UK’s Shell and Norway’s Equinor, has secured a multibillion-dollar reserve based lending (RBL) facility to support its growth aspirations.

about 7 months ago
Fast4Ward FPSO design; Source: SBM Offshore
Fossil Energy

SBM Offshore interview: Advancing future-ready FPSOs through standardization, robotics, AI and lower‑carbon solutions

While diving into the evolution journey of its offshore operations model and the implementation of its Fast4ward program, the Netherlands-based SBM Offshore, a provider of the design, construction, installation, and operation of offshore floating facilities, has shed light on the key growth drivers

about 7 months ago
Illustration; Courtesy of MidOcean Energy
Fossil Energy

Japanese player to pour $500 million into EIG’s LNG business

Tokyo-based Idemitsu Kosan is setting the stage for full-scale entry into the liquefied natural gas (LNG) business with its multimillion-dollar investment in MidOcean Energy, an LNG player formed and managed by the U.S.-headquartered investment company EIG Global Energy Partners (EIG).

about 7 months ago
Illustration; Source: Westwood
Fossil Energy

Transocean, Noble, COSL, Seadrill, and Valaris pinpointed as rig backlog powerhouses

While taking a deep dive into the floater rig market and top floating rig managers based on the current total backlog for 2026, Westwood Global Energy, an energy market research and consultancy firm, has spotlighted five offshore drilling players – Transocean, Noble, COSL, Seadrill, and Valaris – as

about 7 months ago
Saipem’s subsea drone clears tests with Petrobras ahead of offshore deployment
Fossil Energy

Saipem’s subsea drone clears tests with Petrobras ahead of offshore deployment

Saipem’s underwater inspection drone (UID) FlatFish has completed a test campaign with Brazil’s oil & gas major Petrobras as part of a contract awarded in 2023, ahead of deployment in a real offshore environment. The functional acceptance tests (FAT) were held at Saipem’s underwater drone testing fa

about 7 months ago
Aker Solutions bags FEED contract for Lithuanian CO2 terminal
Fossil Energy

Aker Solutions bags FEED contract for Lithuanian CO2 terminal

Lithuanian liquefied natural gas (LNG) terminal operator KN Energies has awarded Aker Solutions with a front-end engineering and design (FEED) contract for its CO2 transshipment terminal infrastructure project in Klaipėda. The planned terminal is expected to have a capacity of approximately 2.8 mill

about 7 months ago
An offshore rig
Fossil Energy

More oil unearthed in Norwegian waters as Equinor strikes black gold again

Norwegian state-owned energy giant Equinor has unveiled a new oil discovery in the Barents Sea off the coast of Norway, which was drilled with a semi-submersible rig owned by COSL Drilling Europe, an offshore drilling player.

about 7 months ago
Morecombe; Source: Spirit Energy
Fossil Energy

Spirit Energy books AG on multi-year North Sea gig

Spirit Energy, an energy company with two shareholders consisting of Centrica (69%) and Stadtwerke München GmbH SWM (31%), has hired AG Consultancy and Apps (AG), an independent SAP consultancy, on a long-term assignment to support its assets in the North Sea.

about 7 months ago
S‑92 helicopter; Source: Bristow
Fossil Energy

Bristow’s helicopter pair tasked with flights across Norwegian oil & gas fields

Bristow Norway, a subsidiary of the offshore aviation services provider Bristow Group, has secured a multimillion-dollar assignment on the Norwegian Continental Shelf (NCS) for two helicopters with Norway’s state-owned energy giant Equinor.

about 7 months ago