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Fossil Energy

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EU’s first dedicated offshore CO2 carrier now equipped with CO2 storage tanks (Gallery)
Fossil Energy

EU’s first dedicated offshore CO2 carrier now equipped with CO2 storage tanks (Gallery)

The eighth and final CO2 storage tank has been installed on Carbon Destroyer 1, the first dedicated offshore CO2 carrier built in the EU, set to work on the Greensand project in Denmark. Once operational next year, the vessel will be prepared for its carbon capture and storage (CCS) duties, working

about 10 months ago
Cygnus Alpha; Source: Neptune Energy, which became part of Eni's UK portfolio now managed by Ithaca
Fossil Energy
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UK oil & gas consolidation continues: Serica makes move on Spirit Energy’s North Sea assets

UK-based upstream oil and gas player Serica Energy has taken another consolidation step on the UK Continental Shelf (UKCS) by striking a deal to acquire the oil and gas portfolio of Spirit Energy Limited and its affiliates for an upfront consideration of £57 million (around $74 million).

about 10 months ago
Noble Globetrotter I drillship; Source: Noble
Fossil Energy

WATCH: Noble rig reaches Bulgaria to kick off Black Sea drilling ops by year-end

Southeastern Europe’s integrated energy player OMV Petrom and NewMed Energy Balkan, a subsidiary of Israel’s NewMed Energy, are getting ready to begin drilling activities in the Black Sea off the coast of Bulgaria.

about 10 months ago
COSL Innovator rig; Source: COSL
Fossil Energy

Go-ahead for Equinor’s drilling ops with COSL rig in Norwegian waters

Equinor has received the Norwegian authorities’ blessing for drilling activities in the Norwegian Sea, which will be undertaken with a semi-submersible rig owned by COSL Drilling Europe, an offshore drilling player.

about 10 months ago
Deepsea Bollsta; Source: Odfjell Drilling
Fossil Energy

Odfjell Drilling buys six-year-old rig: Name change coming up next year

A 2019-built semi-submersible rig, owned by Northern Ocean, has now been acquired by Odfjell Drilling, which plans to rename this mobile offshore drilling unit (MODU) in 2026.

about 10 months ago
New study exploring oxygen as possible solution to hydrogen pipeline embrittlement
Fossil Energy

New study exploring oxygen as possible solution to hydrogen pipeline embrittlement

Great Britain’s National Gas Transmission (NGT) has appointed London-headquartered engineering consultancy Penspen to explore whether oxygen can act as an effective inhibitor for hydrogen embrittlement, seen as one of the major challenges in repurposing and constructing pipelines for a future hydrog

about 10 months ago
A North Sea platform
Fossil Energy

North Sea green shift at play: Dutch gas platform plugs into German offshore wind power

The Netherlands-based exploration and production player ONE-Dyas, together with its partners EBN and Tenaz Energy, has tucked a new decarbonization milestone under its belt by breathing life into the first natural gas production platform in the Dutch and German sectors of the North Sea to run on off

about 10 months ago
FSRU Toscana; Source: OLT Offshore LNG Toscana
Fossil Energy

Snam moves to take over partner’s stake in Italy’s FSRU

Snam has taken a step to buy the stake its partner, Igneo Infrastructure Partners, holds in Italy’s floating regasification terminal operator, OLT Offshore LNG Toscana, which runs a floating storage and regasification unit (FSRU) moored off the coast of Livorno.

about 10 months ago
Catcher FPSO
Fossil Energy

Oil & gas asset consolidation in full swing in UK North Sea: Harbour makes a play for Waldorf

London-listed oil and gas company Harbour Energy has taken a step to bring into its fold all subsidiaries of Waldorf Energy Partners Limited (WEPL) and Waldorf Production Limited (WPL), currently in administration, for $170 million. This move will bolster Harbour’s portfolio in the UK sector of the

about 10 months ago
Transocean Barents semi-submersible rig; Source: Transocean
Fossil Energy

OMV Petrom continues its multi-well drilling program with Transocean rig in Black Sea

OMV Petrom, Romania-headquartered affiliate of Austria’s OMV, has provided insight into its drilling plans in the Romanian sector of the Black Sea, where several wells remain on the list to be drilled using a semi-submersible rig owned by Transocean.

about 10 months ago
FPSO Aoka Mizu; Source: Serica
Fossil Energy

Serica brings another multimillion-dollar oil & gas acquisition to a close in UK

UK-based upstream oil and gas player Serica Energy has completed the acquisition of Prax Upstream, a subsidiary of compatriot Prax Exploration & Production, expanding its hydrocarbon portfolio on the UK Continental Shelf (UKCS).

about 10 months ago
UK opens second carbon storage licensing round
Fossil Energy

UK opens second carbon storage licensing round

The North Sea Transition Authority (NSTA) has opened its second carbon storage licensing round, offering 14 locations offshore Scotland and England for exploration and appraisal, with the stores offering up to 2 gigatons of additional CO2 storage capacity. The round, opened today, December 9, offers

about 10 months ago
Man pointing at offshore platform
Fossil Energy

‘Largest UK independent oil & gas producer’ arises with TotalEnergies-NEO NEXT upstream merger

French energy giant TotalEnergies is set to merge its upstream business with NEO NEXT, creating what is said to be the largest independent oil & gas producer in the UK. The partners have signed an agreement under which TotalEnergies will merge its upstream business with NEO NEXT and become the leadi

about 10 months ago
Goliat; Source: Var Energi
Fossil Energy

Round-up: New oil & gas discoveries take center stage as LNG momentum grows

As the offshore energy sector sees advancements in exploration, infrastructure expansion, LNG diversification, and carbon management initiatives, new discoveries in Norway reinforce the ongoing oil and gas dominance. International players, such as Shell, Equinor, Chevron, and Petrobras are reshaping

about 10 months ago