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Fossil Energy

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Scarabeo 8 rig; Source: Saipem
Fossil Energy

Saipem rig staying with Norwegian oil & gas firm until 2026-end

Saipem has secured more work with Aker BP, a Norwegian oil and gas player, for a semi-submersible rig, which is working on the Norwegian Continental Shelf (NCS).

about 2 years ago
Five men standing onstage
Fossil Energy

Malaysia bent on transforming deepwater ops through innovation

Malaysia Petroleum Management (MPM), an affiliate of Malaysia’s state-owned energy giant Petronas, has hosted a three-day event to explore deepwater opportunities through innovative solutions.

about 2 years ago
Anchor FPU; Source: Chevron
Fossil Energy

Gulf of Mexico’s oil & gas platforms getting check-up post-tropical cyclone while offshore facilities in China ride out super typhoon

Following bad weather, the offshore oil and gas facilities in the Gulf of Mexico are set to undergo inspection to determine if they are in a fit condition to return online while CNOOC has confirmed that its offshore facilities overall weathered the storm.

about 2 years ago
C-Power CEO Reenst Lesemann and SLB OneSubsea CEO Mads Hjelmeland joined by colleagues from OneSubsea and Subsea7 at ONS in Stavanger, Norway, to celebrate a joint industry project to test a next-gene
Fossil Energy

SLB, Subsea7 partner with C-Power to explore ocean energy solutions for subsea applications

SLB has inked a memorandum of understanding (MoU) with C-Power through its OneSubsea joint venture (JV) to, together with Subsea7, explore using ocean energy as a lower-cost, lower-carbon power source for subsea applications. SLB OneSubsea, the JV backed by SLB, Aker Solutions, and Subsea7, will pro

about 2 years ago
Breeze inks deal to design battery hybrid MPSVs for Greek shipowner
Fossil Energy

Breeze inks deal to design battery hybrid MPSVs for Greek shipowner

Norwegian ship design company Breeze Ship Design has secured a contract for the design of two battery hybrid multipurpose offshore supply vessels (MPSVs) for Greek shipowner Capital Offshore Management.

about 2 years ago
Shelf Drilling Tenacious jack-up rig; Source: Shelf Drilling
Fossil Energy

Shelf Drilling’s triangular merger move consolidates its jack-up fleet and sorts out funding gap

Shelf Drilling (SHLF) has made a consolidation move, which is structured as a proposed triangular merger between its indirect subsidiary SHLF MergCo, Shelf Drilling North Sea (SDNS) as the surviving entity in the proposed merger, and SHLF as the issuer of the merger consideration shares.

about 2 years ago
Stena Forth drillship; Source: Stena Drilling
Fossil Energy

Despite gas pays being present, drilling ops off Morocco ‘unsuccessful’ in fulfilling main objectives

Energean has finished drilling activities without reaching its exploration targets at an appraisal well on its gas field in the Lixus license located 40 km off the coast of Morocco in the Atlantic Ocean.

about 2 years ago
Browse to North-West Shelf project development concept; Source: Woodside
Fossil Energy

$30 billion offshore energy undertaking at stake of being thwarted as endangered sea snake slithers to mega gas project

Will a dusky sea snake, which has been put on the endangered list by the Australian federal government, jeopardize a project, led by Australia’s energy giant Woodside and valued at over $30 billion, to develop what is said to be the country’s largest untapped conventional gas resource?

14 minutes read
Illustration; Source: BV
Fossil Energy

Closing ‘reality gap’ between net zero ambition and energy transition action requires US and EU to pull all decarbonization levers

McKinsey & Company, a global management consulting firm, highlights the need to up the climate action ante by scaling up interrelated low-emission and green technologies.

about 2 years ago
Knutsen welcomes eighth energy-efficient LNG carrier for charter with Shell
Fossil Energy

Knutsen welcomes eighth energy-efficient LNG carrier for charter with Shell

Norwegian shipping company Knutsen Group has received new energy-efficient LNG carrier for charter with energy giant Shell from South Korean shipbuilder Hyundai Samho Heavy Industries (HSHI). The 174,000 cubic meter LNG carrier named Nantes Knutsen was delivered to the shipowner on September 13, 202

about 2 years ago
Zama graphic; Credit: Wintershall Dea
Fossil Energy

Mexico’s top oil & gas projects under development: Coming to grips with main hydrocarbon challenges and obstacles at home and abroad

Mexico’s energy officials have offered a glimpse into the prospects for the exploration and extraction of hydrocarbons not only in the domestic playground but also the international one, under the backdrop of economic, geopolitical, and energy transition woes and opportunities.

about 2 years ago
MOL and Chevron to equip newbuild LNG carrier with wind-assisted propulsion
Fossil Energy

MOL and Chevron to equip newbuild LNG carrier with wind-assisted propulsion

Japanese shipping major Mitsui O.S.K. Lines (MOL) and Chevron Shipping Company, a subsidiary of energy company Chevron, have signed an agreement to install Wind Challenger, a hard sail wind-assisted ship propulsion system, on a newbuild LNG carrier. The vessel is said to be the world’s LNG carrier t

about 2 years ago
Rendering of Scarborough FPU; Source: Woodside
Fossil Energy

Woodside eyes FPU subsea infrastructure work next year for giant Australian gas project

Woodside has handed out an environment plan (EP) to the country’s offshore regulator for a floating production unit (FPU) work associated with subsea infrastructure activities, including the Commonwealth waters portion of an export trunkline at a natural gas project off the coast of Australia.

about 2 years ago
A view of a bridge on an offshore platform at sunset
Fossil Energy

Five years of emission cuts bring UK’s 2030 oil & gas decarbonization targets within reach, but more needed for cleaner energy

Based on the latest report on emissions in the oil and gas industry by the UK’s regulator, the North Sea Transition Authority (NSTA), progress has been made on the decarbonization journey, however, additional effort is still required to ensure the industry will meet key emissions targets and adopt l

about 2 years ago
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