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Fossil Energy

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Deep Value Driller drillship; Source: Deep Value Driller
Fossil Energy

Saipem keeping seventh-gen drillship longer in its rig fleet

Italy’s engineering, drilling, and construction services giant Saipem has prolonged the stay of a chartered seventh-generation drillship in its rig fleet.

about 9 months ago
Large-scale LNG plant within Sakhalin II project; Source: Gazprom
Fossil Energy

$11 billion investment agenda on Gazprom’s 2026 horizon

Russia’s energy giant Gazprom has received the blessing from its board of directors for its investment program and budget for next year, which is set at RUB 1.1 trillion (around $11 billion), a decrease from RUB 1.52 trillion (almost $15.22 billion) earmarked for 2025 and the spending of RUB 1.64 tr

about 9 months ago
Louisiana LNG
Fossil Energy

BOTAŞ and Woodside seal multi-year LNG deal

Türkiye’s state-owned Boru Hatları ile Petrol Taşıma Anonim Şirketi (BOTAŞ) has signed off on a long-term liquefied natural gas (LNG) agreement with Australia’s energy giant Woodside, which is expected to further diversify the energy mix and strengthen the security of supply for Türkiye.

about 10 months ago
UK-Slovenian partnership targets seabed data
Fossil Energy

UK-Slovenian partnership targets seabed data

UK-headquartered Ocean Geophysics and Slovenia-based HighTide have entered into a joint venture (JV) agreement to combine their seabed and data solutions for offshore wind, cable and pipeline installation, and oil & gas. As part of the partnership, the renewable energy industry suppliers will combin

about 10 months ago
Scarabeo 8 rig; Source: Saipem
Fossil Energy

Drilling ops with Saipem rig cleared for take-off in North Sea

Norwegian authorities have given their blessing for exploration drilling activities Norway’s oil and gas player Aker BP is planning to undertake in the North Sea on the Norwegian Continental Shelf (NOC), with a semi-submersible rig owned by Saipem, an Italian engineering, drilling, and construction

about 10 months ago
PSV Viking Princess; Source: Eidesvik
Fossil Energy

Oil & gas trio books Eidesvik’s 2013-built LNG-powered vessel

Norwegian offshore vessel owner Eidesvik Offshore has secured more work for one of its platform supply vessels (PSVs).

about 10 months ago
Illustration; Source: Petrofac
Fossil Energy

Wheels up for CB&I to bring Petrofac’s Asset Solutions business into its fold

CB&I, a designer and builder of storage facilities, tanks, and terminals owned by a consortium of financial investors led by Mason Capital Management, has made a play for Petrofac’s Asset Solutions business, a provider of operations, maintenance and decommissioning services for onshore and offshore

about 10 months ago
Chevron secured Stena Drilling’s Stena Forth drillship for a decommissioning campaign in the Mediterranean Sea offshore Israel a few years ago, alongside an option for a well offshore Cyprus; Source:
Fossil Energy

Gas field charting its development course as Aphrodite embarks on FEED journey

Chevron Cyprus, a subsidiary of the U.S.-headquartered oil major Chevron, and its partners, BG Cyprus (Shell) and NewMed Energy, have decided to move forward with a front-end engineering design (FEED) work for an offshore gas field reservoir in Block 12, located in the Eastern Basin of the Mediterra

about 10 months ago
Helix to go on P&A duty in UK North Sea in 2026
Fossil Energy

Helix to go on P&A duty in UK North Sea in 2026

U.S.-headquartered offshore energy services provider Helix Energy Solutions has secured a multi-year contract for riserless plug and abandonment (P&A) operations on up to 34 subsea wells in the UK North Sea. The award came from a “major operator”, as Helix said, and includes the flushing and disconn

about 10 months ago
LNG carrier; Courtesy of Wärtsilä
Fossil Energy

As Wärtsilä parts with gas solutions business, German player snaps it up

Finnish technology group Wärtsilä has decided to divest Wärtsilä Gas Solutions to Mutares SE & Co. KGaA, a German private equity investor.

about 10 months ago
Snohvit Future project (illustration); Source: Equinor
Fossil Energy

Rise in costs to $1.98 billion among factors impacting Equinor’s low-emission gas project

Norwegian state-controlled energy giant Equinor has revealed an increase in costs for a project anticipated to strengthen Norway’s position as a reliable and long-term supplier of gas produced with very low greenhouse gas (GHG) emissions. The company explains that onshore compression is now expected

about 10 months ago
Transocean Encourage rig; Source: Transocean
Fossil Energy

Fresh oil and gas/condensate find comes to light offshore Norway

Equinor, a Norwegian state-owned oil and gas giant, has uncovered a new oil and gas/condensate discovery that enriches its hydrocarbon arsenal off the coast of Norway.

about 10 months ago
PPF; Source: ConocoPhillips
Fossil Energy

Poland’s Orlen strengthens its Norwegian oil & gas portfolio with acquisition wrap-up

Orlen Upstream Norway, a subsidiary of Poland’s Orlen, has brought into its fold the interests Norwegian oil and gas player DNO held in two fields off the coast of Norway.

about 10 months ago
DOF lands work in the Atlantic, secures multi-year North America contract with Shell
Fossil Energy

DOF lands work in the Atlantic, secures multi-year North America contract with Shell

Norwegian vessel owner DOF Group has secured several new contracts in the Atlantic region, as well as a multi-year contract in the North America region for Shell. The contracts in the Atlantic region have a combined value of over $60 million, excluding optional work, and will be executed primarily u

about 10 months ago
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