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Fossil Energy

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Oil & GasRigsAuthorities & GovernmentBusiness & FinanceBusiness Developments & ProjectsExploration & ProductionRegulation & PolicyRules & RegulationFPSO & VesselsSeismicSubseaSurveys & InterventionsVessels & VehiclesProject & TendersDecommissioningClean FuelLiquefied Natural GasOther FuelsCollaboration
Scarabeo 8 rig; Source: Saipem
Fossil Energy

Two oil & gas operators gearing up for North Sea drilling ops with COSL and Saipem’s rigs

Norwegian oil and gas operators, Equinor and Aker BP, have each obtained drilling permits for operations in the North Sea on the Norwegian Continental Shelf (NCS), which will be conducted with semi-submersible rigs owned by COSL Drilling Europe and Saipem.

about 3 months ago
An offshore rig
Fossil Energy

Regulatory setback puts appraisal of gas discovery at risk in Southeast Asia

A regulatory notice over a missed drilling deadline has placed a production sharing contract (PSC) for a gas asset under threat unless SundaGas Banda Unipessoal, a wholly owned subsidiary of the UK-based and AIM-listed Sunda Energy, shows proof that a rig has been booked to undertake the appraisal p

about 3 months ago
Ringvei Vest concept combines several discoveries in one project; Source: Equinor
Fossil Energy

Several North Sea oil & gas discoveries fusing into large subsea tie-back project

Norway’s state-owned energy giant Equinor has unveiled a development concept for a project that aims to combine several discoveries in the North Sea into a single project, with estimated gross resources of approximately 240 million barrels of oil equivalent, making it one of the largest early-phase

about 3 months ago
FPSO Jotun; Source: Vår Energi
Fossil Energy

FPSO tie-back project unlocking seven more wells to enrich North Sea oil arsenal in 2027

Norwegian oil and gas player Vår Energi and its partner, Kistos Energy, have rubberstamped a final investment decision (FID) to develop another multi-well addition to an oil project in the North Sea next year, augmenting oil output off the coast of Norway.

about 3 months ago
Ramform Tethys vessel; Source: TGS
Fossil Energy

Brazil’s frontier basin lit up as TGS, SLB drive 3D seismic push

A multi-client 3D seismic survey is on the agenda at one of the frontier regions in Brazilian waters, with Norway’s energy data and intelligence company TGS and its joint venture (JV) partner, U.S.-headquartered SLB, at the helm of the campaign that will help boost the exploration momentum in the So

about 3 months ago
Edda Freya vessel (for illustration purposes); Source: DeepOcean
Fossil Energy

BP entrusts subsea decom and recycling job at UK field to DeepOcean

Norwegian ocean services provider DeepOcean has been hired by the UK-headquartered energy giant BP to lend a hand in the decommissioning and recycling of subsea equipment from a site where a floating production, storage, and offloading (FPSO) worked at the operator’s field located West of Shetland,

about 3 months ago
Plaquemines LNG; Courtesy of Venture Global LNG
Fossil Energy

Germany clinches more US LNG as Venture Global and EnBW pen multi-year deal

Venture Global, an American producer of liquefied natural gas (LNG) sourced from North American basins, has signed on the dotted line with EnBW Energie Baden-Württemberg (EnBW), a German energy player, to send additional long-term U.S. LNG supply to Germany, aside from the volumes included in the du

about 3 months ago
Gjøa; Source: Vår Energi
Fossil Energy

Vår Energi on portfolio reshaping spree: $460M acquisitions, swaps and divestments

Norwegian oil and gas player Vår Energi has embarked on a mission to high-grade its portfolio on the Norwegian Continental Shelf (NCS) to strengthen long-term value creation through deals that encompass the acquisition of Pandion Energy’s portfolio, a swap agreement with DNO Norge, a subsidiary of D

about 3 months ago
Illustration; Courtesy of Zululand Energy Terminal (ZET), a joint venture between Vopak and Transnet
Fossil Energy

ExxonMobil joins Vopak–Transnet JV to progress South Africa’s LNG import terminal

ExxonMobil South Africa LNG, an affiliate of U.S.-headquartered energy heavyweight ExxonMobil, has penned a heads of agreement (HoA) with a strategic partnership between Vopak Terminal Durban and Transnet Pipelines to advance the development of a liquefied natural gas (LNG) import terminal at the Po

about 3 months ago
Philippe Levy, President of Hanwha Ocean's Energy Plant Unit, and Robert F. Delamar, Chief Executive Officer of Kanata Clean Power & Climate Technologies Corp. sign a memorandum of understanding; Sour
Fossil Energy

$15.7 billion floating LNG project on Canada’s horizon as Kanata partners with Hanwha Ocean

South Korea’s Hanwha Ocean has signed a non-binding memorandum of understanding (MOU) with Kanata Clean Power & Climate Technologies Corp. to explore potential cooperation on a proposed development of a floating liquefied natural gas (FLNG) export project planned for Prince Rupert, British Columbia,

about 3 months ago
Man with a hardhat with words "Chevron" on it with an offshore rig in the background
Fossil Energy

Chevron joins Helleniq in Eastern Mediterranean offshore block

U.S.-headquartered energy giant Chevron has signed on the dotted line to acquire a majority stake and operatorship in a block off the coast of Greece, currently solely owned by Helleniq Energy, a Greek integrated energy player.

about 3 months ago
Shell
Fossil Energy

US Gulf oil production flow another well richer with more to come before year-end

Beacon Offshore Energy, a Texas-based exploration and production company, has advanced two projects by bringing online a second well at a field in the Gulf of America (the U.S. Gulf of Mexico) and drilling another at a different development, which is anticipated to achieve first oil by the end of 20

about 3 months ago
FPSO Valente (formerly known as FPSO Frade) operating in the Frade field off Brazil; Source PRIO
Fossil Energy

Oil gushes out of fourth well at subsea tie-back in Brazilian waters

Brazilian oil and gas company PRIO, formerly known as PetroRio, has brought online another well at its subsea tie-back project in the Campos basin off the coast of Brazil.

about 3 months ago
Kosmos Energy completes sale of production assets in Equatorial Guinea to Panoro; Source: Kosmos Energy via LinkedIn
Fossil Energy

Kosmos Energy trims oil & gas portfolio with sale of assets off Equatorial Guinea

U.S.-headquartered oil and gas exploration and production company Kosmos Energy has wrapped up the divestment of its non-operating working interest in production assets off the coast of Equatorial Guinea to the UK-headquartered independent E&P company Panoro Energy.

about 3 months ago
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