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Fossil Energy

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Sintana Energy
Fossil Energy

Canadian oil & gas firm widens its footprint in Namibia’s prolific Orange Basin

Sintana Energy is entering a new license offshore Namibia, thanks to a deal with Crown Energy for the acquisition of a stake in Giraffe Energy.

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
FSO Palanca; Source Stapem Offshore
Fossil Energy

Seal of approval for UK oil & gas firm to expand its stake in Angolan offshore blocks

Afentra plc has received the Angolan government’s blessing for its acquisition of additional interest in two blocks off the coast of Angola.

about 2 years ago
TEN-T
Fossil Energy

European Parliament okays revised TEN-T to accelerate industrial decarbonization

The European Parliament has taken a significant step towards incentivizing a robust CO2 transport infrastructure as it approved the regulation on the Trans-European Transport Network (TEN-T).

about 2 years ago
Nkossa oil field off the coast of Congo; Credit: TotalEnergies
Fossil Energy

UK firm steps into Congo’s oil & gas offshore arena through deals with Chevron and TotalEnergies

Trident Energy has expanded its footprint on Africa’s oil and gas scene by inking strategic agreements with Chevron and TotalEnergies.

about 2 years ago
Congo FLNG; Source: Eni
Fossil Energy

Sharp fall in gas prices brings Eni slump in profit

With natural gas prices being nearly cut in half, Italy’s energy giant Eni has seen a 46% drop in net profit in the first quarter of 2024 compared to the sum collected in the same period last year.

about 2 years ago
Illustration; Source: Peru LNG
Fossil Energy

New partner joins South America’s inaugural LNG export facility

EIG-managed LNG company MidOcean Energy has completed the acquisition of Korea-based SK earthon’s interest in Peru LNG (PLNG).

about 2 years ago
Maintenance checks on recently commissioned S-938 well; Source: Heritage
Fossil Energy

Start-up of another well boosts Trinidad and Tobago’s oil production

Heritage Petroleum Company Limited (Heritage) has brought on stream a new oil well off the coast of Trinidad and Tobago.

about 2 years ago
Dorado drillship; Source: Pelago Management
Fossil Energy

Drillship reaches its destination to await its inaugural drilling assignment

A newbuild ultra-deepwater drillship, acquired by Eldorado Drilling, has arrived in Malaysia, where it will stay until it secures its maiden drilling job.

about 2 years ago
Illustration; Source: Texas LNG
Fossil Energy

Texas LNG tucks another tolling deal under its belt

Texas LNG has signed a second heads of agreement (HOA) with Pittsburgh-based EQT Corporation for natural gas liquefaction services.

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
FPF-1 facility; Source: Ithaca Energy
Fossil Energy

Eni and Ithaca firm up business combination deal to establish top-tier oil & gas player in UK waters

Eni has ironed out an agreement on the combination of its upstream assets in the UK, excluding East Irish Sea ones and CCUS activities with Ithaca Energy.

about 2 years ago
Illustration; Source: Europa Oil & Gas
Fossil Energy

Gas discovery at Irish prospect could bring down emissions stemming from energy imports, report finds

Europa Oil & Gas has published a report suggesting that its prospect offshore Ireland could help curb the firm’s carbon footprint.

about 2 years ago
Noble Venturer drillship; Source: Noble Corporation
Fossil Energy

As Noble drillship winds down its drilling gig, new bundle of opportunities springs up offshore Africa

Noble Corporation has unveiled a set of new assignments for one of its drillships off the coast of Africa.

about 2 years ago
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