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Fossil Energy

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Significant offshore wind growth brings Fugro strong start of the year
Fossil Energy

Significant offshore wind growth brings Fugro strong start of the year

In what is described as a “strong start of the year”, Dutch geo-data specialist company Fugro reported a 9% revenue growth for Q1 2024 compared to the same period last year, said to be due to ongoing significant growth in offshore wind projects. Revenue in the first quarter was €503.2 million, a 9%

about 2 years ago
Illustration; Source: ADES
Fossil Energy

‘Major’ oil player books jack-up rig for drilling gig offshore Qatar

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ADES Holding Company has secured a long-term assignment for one of its jack-up rigs off the coast of Qatar.

about 2 years ago
Subsea7 has won a “sizeable” contract for subsea infrastructure in the U.S. Gulf of Mexico, described as one worth between $50 and $150 million.
Fossil Energy

Subsea7’s backlog remains ‘robust’ with high tendering in subsea and offshore wind

Subsea7 has reported a “robust” backlog of $10.4 billion in its financial results for the first quarter of 2024, with tendering activity high in both the subsea and offshore wind sectors. To remind, in the financial results for the full year of 2023, Subsea7 reported it had secured $7.4 billion of c

about 2 years ago
James Hill, CEO of MCF Energy
Fossil Energy

Op-ed: Hormuz blockage – A potential win for the LNG market?

A conflict-turned opportunity is what many are calling the potential blockage of Hormuz. It is a delicate dance between investor opportunity and world crisis for the second time in two years.

about 2 years ago
Illustration; Source: International Energy Agency (IEA)
Fossil Energy

Middle East’s brewing cauldron of geopolitical tensions: Are oil & gas and LNG prices at risk of spiking to 2022 levels?

The Iran-Israel escalation puts the Middle East on the verge of a wider war with the potential to wreak havoc on global trade flows, and oil, gas, and LNG exports.

about 2 years ago
Marsa LNG (illustration); Source: Technip Energies
Fossil Energy

Technip Energies wins multi-million assignment on TotalEnergies’ LNG project in Oman

Technip Energies has won an EPC contract for an LNG project in Oman, developed by an integrated company consisting of TotalEnergies and OQ.

about 2 years ago
Marsa LNG (illustration); Source: Technip Energies
Fossil Energy

TotalEnergies greenlights solar-powered gas project envisioned as Middle East’s first LNG bunkering hub

TotalEnergies has made a final investment decision (FID) for an LNG project in Oman, which is designed to run on solar power.

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

Stena Drilling drillship goes to work in Morocco as Energean takes the helm at gas field

Stena Drilling has tucked a new drilling assignment under its belt, thanks to a drillship deal with Energean for drilling activities off the coast of Morocco.

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

With suspension of 12 more jack-ups, rig pool in Middle East narrows down

ADES, COSL, and Arabian Drilling have joined the rig owners that have confirmed a temporary suspension of operations for one or more rigs in the Middle East.

about 2 years ago
Craig International global HQ; Source: Craig International
Fossil Energy

New assignment lined up in Middle East for Scottish firm

Scottish oilfield procurement specialist Craig International, a member of Craig Group, has won a new contract with QatarEnergy LNG.

about 2 years ago
Arabia I jack-up rig; Source: Borr Drilling
Fossil Energy

Aramco hands out 12-month jack-up rig suspension to Borr Drilling

Borr Drilling has received a notice of temporary suspension of operations for one of its jack-up rigs working for Aramco.

about 2 years ago
Valaris 143 jack-up rig; Source: Valaris
Fossil Energy

Valaris jack-up rig’s gig with Aramco suspended

Valaris has confirmed the receipt of a suspension for one of its 19 contracted rigs working for Saudi Arabia’s Aramco.

about 2 years ago
Harvey H. Ward jack-up rig is currently working in Middle East for Aramco (for illustration purposes); Source: Shelf Drilling
Fossil Energy

Suspension of gigs for four jack-up rigs deals a blow but Shelf Drilling’s fleet outlook still ‘optimistic’

Shelf Drilling has acknowledged the issues arising from a suspension of operations for four jack-up rigs in the Middle East.

about 2 years ago
Illustration; Source: QatarEnergy
Fossil Energy

Mega LNG fleet expansion rises to 104 vessels after QatarEnergy strikes deal with four shipowners

The second phase of QatarEnergy’s giant shipbuilding program has surpassed the 100 mark, reaching 104 conventional LNG vessels.

about 2 years ago