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The WND development is projected to be the second biggest project (production wise) in Egypt after the massive Zohr development; Source: WintershallDea/Credit: BP

Fossil Energy

BP hands out multi-million deal for mega gas project in Mediterranean Sea

UK-headquartered energy giant BP has hired a compatriot drilling waste management specialist, TWMA, for its large-scale gas project off Egypt.

about 3 years ago

Fugro delivers milestone subsea inspection in the Middle East

Fossil Energy

Fugro delivers first-ever remotely operated subsea inspection in the Middle East

Fugro has carried out what is said to be the first-ever remotely operated subsea inspection using an uncrewed surface vessel (USV) in the Middle East. Having commissioned the region’s first-ever government-licensed USV in early 2023, Fugro has now carried out its first USV operation for a client in

about 3 years ago

FSO Safer with Yemen and Ndeavor moored alongside; Courtesy of Boskalis

Fossil Energy

With oil disaster averted, world breathes a sigh of relief but more funds needed to wrap things up

The way to secure the funds to complete the operation in full hangs in the air with around $20 million still missing.

about 3 years ago

Adriatic I jack-up rig; Source: Shelf Drilling

Fossil Energy

With 35 out of 36 rigs contracted, Shelf Drilling’s backlog stands at $2.6 billion

Shelf Drilling has revealed higher revenue for 2Q 2023, compared to 1Q 2023, driven by higher day rates and effective fleet utilisation.

about 3 years ago

Fossil Energy

Two Borr Drilling jack-up rigs booked for work in Middle East and Southeast Asia

Borr Drilling has secured letters of award (LOA) for two premium jack-up drilling rigs, which increase the company’s firm backlog by approximately 421 days, excluding optional periods.

about 3 years ago

The North Field off Qatar; Source: Qatargas

Fossil Energy

With 18 oil & gas projects, worth $60.2 billion, in the works, Qatar set on upping the LNG ante

Qatar’s energy sector is positioned for further growth, solidifying the country’s position as the world’s top exporter of LNG.

about 3 years ago

Fossil Energy

Long-awaited oil removal from ‘ticking bomb’ FSO Safer kicks off in Red Sea

The much-anticipated removal of more than 1 million barrels of oil from the decaying FSO Safer off Yemen’s Red Sea coast started today. The ship-to-ship transfer of oil to the replacement tanker Yemen, formerly known as Nautica, which arrived in Yemen a few days ago, is expected to last 19 days. The

about 3 years ago

Transocean's Deepwater Invictus drillship; Source: BHP (now Woodside)

Fossil Energy

Transocean’s plethora of new rig deals fetches $1.2 billion

Transocean has won a bundle of new contracts and extensions in Mexico, Australia, Norway, Lebanon, and the East Mediterranean Sea.

about 3 years ago

Johan Sverdup field in the North Sea; Credit: Lizette Bertelsen & Jonny Engelsvoll/Equinor

Fossil Energy

Europe redraws black gold map by switching out Russian oil with barrels from other top producers

With the demand for black gold still going strong, Europe has replaced Russian oil barrel for barrel by importing more from other producers.

about 3 years ago

Illustration; Source: The International Energy Agency (IEA)

Fossil Energy

IEA: Ensuring gas supply security and decarbonisation high on global energy market’s agenda

A new report says closer dialogue between producers and consumers is required to ensure security of gas supply while curbing emissions.

about 3 years ago

Fossil Energy

Sparrows lands crane replacement deal for four offshore platforms

Sparrows Group has secured a long-term crane replacement contract with an undisclosed player in the Middle East.

about 3 years ago

Fossil Energy

VLCC Nautica arrives in Yemen to transfer oil from ‘time bomb’ FSO Safer

A very large crude carrier the Nautica, bought in March by the UN Development Programme (UNDP) from Euronav, as part of a coordinated operation to remove oil from decaying FSO Safer, has arrived in Yemen. The arrival of the VLCC has been confirmed by Yemeni Foreign Minister, Ahmed Bin Mubarak. Nauti

about 3 years ago

Fossil Energy

In focus: Is LNG stuck between a rock and a hard place in the energy transition story?

The energy transition towards low-carbon and green energy sources is gaining momentum worldwide, driven by rising climate and energy security concerns. That being said, the thorny road toward decarbonization always seems to be stuck between the need to ‘act now’ and find the ‘silver bullet’. The sen

about 3 years ago

Fossil Energy

Gallery: Phase 11 of giant gas field in Persian Gulf to bring Iran up to $5 billion annually

The installation of the much-anticipated South Pars (SP) Phase 11 platform has been completed in the Persian Gulf.

about 3 years ago