Fossil Energy

Solstad inks contract renewal for North Sea ops
Solstad Offshore has secured a long-term contract for one of its PSVs, which will enable the vessel to support operations in the North Sea.

ADC Energy bags three contract extensions for rig inspection services
ADC Energy has secured three global contract extensions for the delivery of its rig inspection, selection and audit services.

Aker BP awards new contracts to enable Valhall to operate up to 2060
Aker BP has awarded FEED contracts valued as part of its efforts to extend the life of the Valhall field located off Norway.

Energean to boost capacity by adding new oil train module to Israel-bound FPSO
Energean has signed an EPC contract with Kanfa for the supply of a second, 700-tonne oil train for the Energean Power FPSO.

Two UK contractors in partnership to transform life of field services in North Sea
Bilfinger and Global E&C have formed Torus BGP JV to transform the delivery of late-life services for CNR International’s North Sea assets.

Rockhopper CFO to resign over role in another company
Rockhopper Exploration’s current Executive Director and CFO has announced his intention to resign from his roles in the company.

Bristow to offer sustainable aviation fuel option after first such flight for BP
Bristow has completed a flight to BP’s assets using sustainable aviation fuel, which it plans to offer to its clients.

In focus: Governments take the lead in funding energy transition projects
Although the year draws to a close and embraces the holiday spirit, the global energy transition shows no signs of slowing down. In the week behind us, we witnessed that governments spare no expense to support clean energy projects and step up the energy transition game.

Siccar Point hits pause on controversial Cambo project after Shell’s exit
Siccar Point Energy has decided to suspend its controversial Cambo offshore oilfield development following a recent exit by Shell.

John Fredriksen firm takes interest in Valaris
Billionaire John Fredriksen’s Seatankers Group has acquired an interest in Seadrill’s rival offshore drilling contractor Valaris.

Lukoil and Petronas change Shah Deniz deal due to pre-emption by partners
Lukoil and Petronas have changed their previous agreement related to Lukoil’s acquisition of an interest in the Shah Deniz project.

ExxonMobil and QatarEnergy expand footprint in Cyprus with new block entry
A consortium comprising ExxonMobil and QatarEnergy has signed an exploration and production sharing contract with Cyprus.

Neptune Energy to ring in the new year with new CEO
Neptune Energy has revealed the name of its new CEO, who will take over the role after the current one retires at the end of the month.

Norwegian energy trio joins in on Polaris CCS project
Norwegian energy companies Horisont Energi, Equinor, and Vår Energi have agreed to collaborate on the development of the carbon transportation and storage project Polaris, off the coast of Northern Norway.