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Fossil Energy

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Oil & GasBusiness & FinanceBusiness Developments & ProjectsVesselsRigsExploration & ProductionProduction & ProcessingSubseaInfrastructureProject & TendersFPSO & VesselsLow-Carbon TransitionLiquefied Natural GasOperations & MaintenanceCollaboration
A vessel at sea
Fossil Energy

Swiss player getting its first LNG carrier in 2027

Swiss-based MET Group has closed a deal with Danish shipowner Celsius for one liquefied natural gas (LNG) vessel, to be built by China Merchants Heavy Industry-Jiangsu.

about 2 years ago
COSL Innovator rig; Source: COSL
Fossil Energy

COSL rig moving to next well on its drilling agenda as UK oil & gas player gears up to bring online previous one

Serica Energy is setting the stage to start production from a recently drilled well in the UK sector of the North Sea.

about 2 years ago
A floating, production, storage and offloading unit
Fossil Energy

Brazil sees monthly increase in oil & gas production, with lion’s share coming from Petrobras’ offshore fields

The Brazilian National Agency for Petroleum, Natural Gas, and Biofuels (ANP) has published its monthly oil and natural gas production bulletin for August 2024, comprising consolidated data on national production.

about 2 years ago
Norwegian energy giant hires compatriot firm for subsurface support
Fossil Energy

Norwegian energy giant hires compatriot firm for subsurface support

Norway’s state-owned energy giant Equinor has selected compatriot company AGR, part of energy and marine consultancy ABL Group, for the provision of subsurface and field development support related to project developments of its facilities, offshore installations and onshore plants. As part of the l

about 2 years ago
Laguna Star drillship; Source: Constellation
Fossil Energy

As drillship gets ready for its Brazilian gig with Petrobras, $500 million lands on Hanwha Drilling’s backlog

Hanwha Drilling, part of South Korea’s Hanwha Group, has secured its first multimillion-dollar contract for a seventh-generation drillship, which will work at the coast of Brazil for the South American country’s energy giant Petrobras.

about 2 years ago
The appraisal drilling at Block 58 was done with the Maersk Valiant (now called Noble Valiant) drillship; Source: Noble Corporation
Fossil Energy

TotalEnergies greenlights ‘historic’ $10.5 billion oil project, enabling new dawn to break over Suriname’s economy (Video)

TotalEnergies has kept its word by reaching a final investment decision (FID) for a giant oil project in Block 58 off the coast of Suriname before the year-end, as promised. With the construction and installation phases estimated to take approximately four years, the first oil is anticipated in 2028

about 2 years ago
Two large vessels at sea surrounded by four smaller ones
Fossil Energy

First LNG cargo from floating terminal offshore Mexico sets sail for Europe (Video)

U.S. energy infrastructure player New Fortress Energy (NFE) has reached another milestone at its floating liquefied natural gas (FLNG) unit off the coast of Altamira, Mexico with first full cargo and sail away.

about 2 years ago
A jack-up rig offshore
Fossil Energy

With no free rigs and funding talks still underway, early-2025 drilling ops on UK player’s agenda off Cameroon

The UK-based oil and gas company Tower Resources has received a proposal to finance its planned drilling campaign in Africa via a farm-out of a minority interest in a production sharing contract (PSC) for an asset offshore Cameroon, where a well was due to be spud this year but rig unavailability an

about 2 years ago
A large group of people standing in front of a vessel
Fossil Energy

Greek operator names LNG carrier

Greek shipping company TMS Cardiff Gas has held a naming ceremony for a liquefied natural gas (LNG) built by South Korea’s Samsung Heavy Industries (SHI).

about 2 years ago
FSRU Toscana returning to Livorno; Source: OLT Offshore LNG Toscana
Fossil Energy

With Italian FSRU en route to its post, tender goes up to secure LNG needed for cool-down and gas-up ops

Italy’s floating regasification terminal operator OLT Offshore LNG Toscana, controlled by Snam and Igneo Infrastructure Partners, has kicked off the required procedure to bring its floating storage and regasification unit (FSRU) back online since maintenance activities have been wrapped up and the u

about 2 years ago
Illustration; Source: ADNOC Drilling
Fossil Energy

$1.7 billion drilling campaign for 144 wells unleashing additional oil & gas before 2025 ends while hinting at more to come

Three player have given birth to the Turnwell joint venture, which is now in charge of handling an initial 144-well program, whose completion has been accelerated to unlock unconventional oil and gas resources from the wells by the fourth quarter of 2025 while giving out clues about the potential fo

about 2 years ago
FPSO Liza Unity; Source: SBM Offshore
Fossil Energy

Chevron’s $53 billion merger with Hess moves forward but not out of woods yet as arbitration keeps suspense alive

Chevron and its compatriot rival player, Hess Corporation, have managed to get the Federal Trade Commission (FTC) antitrust review out of the way.

about 2 years ago
A large vessel at sea
Fossil Energy

Mammoth floating power plant calls at Spanish port

A vessel owned by Turkey’s floating power plant company Karpowership has made a planned seven-day stop to undergo a technical inspection in Las Palmas, Canary Islands while en route to the company’s shipyard.

about 2 years ago
Van Oord completes FSRU jetty at Wilhelmshaven in Germany; Source: Van Oord
Fossil Energy

Van Oord puts 600-meter-long FSRU jetty together for Germany’s LNG terminal

Van Oord has assembled a floating storage and regasification unit (FSRU) jetty at Wilhelmshaven, Germany for Deutsche Energy Terminal (DET), the German state-owned operator of four terminals.

about 2 years ago
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