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Fossil Energy

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Oil & GasRigsBusiness & FinanceBusiness Developments & ProjectsExploration & ProductionFPSO & VesselsProject & TendersDeepwater InstallationPipesSubseaHuman CapitalOutlook & StrategyInterconnectorsLiquefied Natural GasLow-Carbon TransitionMarket OutlooksTransitionDecommissioningVessels & Vehicles
Mist rig; Source: Borr Drilling
Fossil Energy

With drilling ops underway, first oil from Asian project still in the cards for next quarter

Valeura Energy has kicked off a development drilling campaign at an asset off the coast of Thailand with a jack-up rig owned by Borr Drilling.

about 2 years ago
FPSO Marechal Duque de Caxias; Source: Petrobras
Fossil Energy

FPSO comes to Brazilian waters and heads for Petrobras’ third largest oil field

Petrobras has welcomed the arrival of a floating production, storage, and offloading (FPSO) vessel from China to Brazilian waters.

about 2 years ago
Illustration; Source: Pré-Sal Petróleo S.A (PPSA)
Fossil Energy

Petrobras taps Seatrium for construction of $8.15 billion FPSO pair

Petrobras has hired Seatrium for the supply of two FPSOs, which will be deployed at its fields off the coast of Brazil.

about 2 years ago
FPSO Triton; Source: Dana Petroleum
Fossil Energy

Subsea7’s new multibillion-dollar UK gig brings it more work in North Sea oil & gas arena

Subsea7 has tucked a new assignment in the UK under its belt, which will enable it to work on the development of a field in the North Sea.

about 2 years ago
FPSO Alvheim; Source: Aker BP
Fossil Energy

On portfolio optimization quest, Vår Energi offloads stake in North Sea oil field

Vår Energi has set the wheels into motion to sell its interest in a field in the Norwegian sector of the North Sea, operated by Aker BP.

about 2 years ago
Troll A platform; Source: Equinor
Fossil Energy

SLB, Subsea7, and Aker Solutions’ JV finds work on $1 billion North Sea gas project

OneSubsea, a joint venture backed by SLB, Aker Solutions, and Subsea7, will work on a project that aims to bolster gas infrastructure at a giant oil and natural gas field in the North Sea.

about 2 years ago
FPSO Carioca MV30; Source: Dalian Cosco Shipping Heavy Industries
Fossil Energy

Petrobras sanctions next phase of two oil projects in Brazilian waters

Petrobras has made a final investment decision (FID) to move forward with the second development phase of two oil fields offshore Brazil.

about 2 years ago
Petrobras' new CEO, Magda Chambriard; Source: Petrobras
Fossil Energy

New CEO takes the reins at Petrobras

Petrobras has confirmed that a new CEO will take over the company, after securing the board of directors’ approval to become its member.

about 2 years ago
Illustration; Source: National Grid
Fossil Energy

Over $76 billion set aside for energy projects across the Atlantic over next five years

National Grid has unveiled its investment plan for the 2024-29 period, earmarking £60 billion (close to $76.5 billion) for energy projects that will step up its decarbonization game and propel the energy transition momentum forward on both sides of the Atlantic Ocean.

about 2 years ago
Helix Q7000 light well intervention rig; Source: Helix Energy Solutions
Fossil Energy

Helix vessel close to crossing the finish line at decom job offshore Australia

Helix Energy Solutions is drawing to an end its multi-well decommissioning assignment offshore Australia, which is being carried out with its purpose-built DP3 semi-submersible vessel.

about 2 years ago
Illustration; Source: Aker Solutions
Fossil Energy

Aker Solutions rebrands its consultancy business, with twofold headcount increase on the horizon

Aker Solutions has shared a new name for its consultancy arm alongside plans to boost revenue and personnel by 50% over the next six years.

about 2 years ago
Troll A platform in the North Sea; Credit: Øyvind Gravås/Even Kleppa - Equinor
Fossil Energy

Equinor unveils over $1 billion investment to lift the gas production bar at giant North Sea field

Equinor has disclosed plans to develop further gas infrastructure at a huge oil and natural gas field in the Norwegian sector of the North Sea.

about 2 years ago
Leviathan field; Source: New Med Energy
Fossil Energy

More gas sold from Chevron’s Mediterranean Sea field under $650 million deal

Chevron has signed a contract with Israel’s Eshkol Power Energies to supply natural gas for the production units at Eshkol power station.

about 2 years ago
Keel laying for the construction of the FPSO Errea Wittu hull; Source: MODEC
Fossil Energy

MODEC: Keel laying for Guyana-bound FPSO hull done weeks ahead of schedule

MODEC has achieved a new milestone by completing the keel laying for the construction of an FPSO hull, which is destined for Guyana.

about 2 years ago
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