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Fossil Energy

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Low-Carbon TransitionOil & GasBusiness & FinanceBusiness Developments & ProjectsCarbon Capture Usage & StorageExploration & ProductionProject & TendersTransitionClean FuelLiquefied Natural GasInfrastructureOutlook & StrategyVesselsRigsFPSO & VesselsOperations & MaintenanceEnvironmentAuthorities & GovernmentRegulation & PolicySubseaSurveys & Interventions
FPSO Prosperity works at Payara, Guyana’s third offshore oil development on the Stabroek Block; Source: ExxonMobil
Fossil Energy

ExxonMobil and Chevron amass over $57 billion in profits during 2023 while new acquisitions fuel portfolio growth

ExxonMobil and Chevron have raked in huge profits over the course of the past year, recording $36 billion and $21.37 billion, respectively.

about 2 years ago
Illustration; Source: McDermott
Fossil Energy

McDermott confirms pair of new deals for work on Qatar’s largest oil field

McDermott has corroborated the award of two EPCIC contracts for the development of the next phase of the largest oil field offshore Qatar.

about 2 years ago
MOL emerges as preferred supplier of Poland’s first FSRU
Fossil Energy

MOL emerges as preferred supplier of Poland’s first FSRU

After revealing two potential suppliers in November 2023, Poland’s natural gas transmission system operator GAZ-SYSTEM has now selected Japanese shipping major Mitsui O.S.K. Lines (MOL) as the preferred shipowner to time charter out a floating storage and regasification unit (FSRU) for the planned L

about 2 years ago
Titania jack-up rig; Source: Paratus
Fossil Energy

New multi-million drilling gig keeps jack-up rig busy off Mexico

SeaMex, a subsidiary of Paratus Energy Services Limited, has won a new drilling assignment for one of its jack-ups offshore Mexico.

about 2 years ago
Illustration; Source: TotalEnergies
Fossil Energy

TotalEnergies to splash out $903 million on its gas footprint expansion off Malaysia

TotalEnergies has set the wheels into motion to enrich its overall gas portfolio with more assets offshore Malaysia.

about 2 years ago
MOPU TSEVEN SHIRLEY; Source: T7 Global
Fossil Energy

Brand-new MOPU ready to set sail for Asian offshore oil field

T7 Global has unveiled its new mobile offshore production unit (MOPU) at a grand naming ceremony held at the grounds of China State Shipbuilding Corporation Beihai Shipyard in Qing Dao, China.

about 2 years ago
Mike Wirth, Chevron’s Chairman and CEO; Source: Chevron
Fossil Energy

Chevron’s CEO: Oil & gas go hand in hand with low-carbon solutions

Chevron’s Chief Executive Officer (CEO) is adamant that the world needs more oil and gas alongside low-carbon solutions.

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

Wood finds more work at Equinor’s largest field outside Norway

Wood has tucked a contract extension under its belt to deliver maintenance and modification solutions to assets at a field off Brazil.

about 2 years ago
PSV Skandi Kvitsoy; Source: DOF Group
Fossil Energy

Two oil & gas firms book DOF vessels for long-term gigs in Norway and Australia

DOF Group has won two long-term assignments for an AHTS vessel and a platform supply vessel (PSV) in Norway and Australia, respectively.

about 2 years ago
Prelude FLNG; Source: Shell
Fossil Energy

With $28 billion in the bag, Shell’s 2023 profit attests to oil & gas price slump and LNG trading upturn

Shell’s annual profit in 2023 took a tumble, dropping by 30% on a year-over-year basis, compared to its highest-ever annual profit, which came to almost $40 billion in 2022.

11 minutes read
Cygnus gas field in the southern North Sea; Source: Neptune Energy
Fossil Energy

Eni and Vår Energi enrich their portfolios by taking over Neptune’s oil & gas business

Eni and its majority-owned Vår Energi have expanded their footprint by wrapping up the acquisition of Neptune Energy’s oil and gas assets.

about 2 years ago
Illustration; Source: North Sea Transition Authority (NSTA)
Fossil Energy

BP, Shell, TotalEnergies, and Equinor among recipients of second license batch in UK’s 33rd oil & gas round

The NSTA has offered 24 licenses across 74 blocks and part-blocks, which are situated in the Central North Sea, Northern North Sea, and West of Shetland areas.

about 2 years ago
Illustration; Credit: Clyde Thomas/Longboat Energy
Fossil Energy

Norwegian player wraps up sale of partial stakes in North Sea pair

Longboat JAPEX Norge has completed the divestment of partial interests in a pair of exploration licenses on the NCS to Norway’s Concedo.

about 2 years ago
North Sea operator picks Scottish firm for P&A campaign
Fossil Energy

North Sea operator picks Scottish firm for P&A campaign

Scottish well intervention and plug and abandonment (P&A) solutions provider Oilenco has won a contract to deliver engineering and manufacturing services for what it says is a “major North Sea operator”. The contract will see Oilenco provide well intervention and downhole equipment throughout a 52-w

about 2 years ago
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