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Fossil Energy

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Scana's PSW Technology secures contract extension with Odfjell Drilling
Fossil Energy

Scana’s PSW Technology secures contract extension with Odfjell Drilling

Scana-owned PSW Technology has secured an extension of its frame agreement with Odfjell Drilling for the provision of marine risers and subsea equipment services. The agreement includes services for the classification and testing of well control equipment for all the rigs within Odfjell Drilling’s p

about 3 years ago
Petrofac and Saipem to together tackle UK decommissioning job
Fossil Energy

Petrofac and Saipem to together tackle UK decommissioning job

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Oilfield services provider Petrofac has secured a multi-million-pound contract with Saipem to support the decommissioning of a platform in the UK sector of the North Sea. Under the terms of the contract, the companies will work as an integrated team to prepare and remove a 20,000-tonne topside using

about 3 years ago
Chevron buying Hess Corporation for $53 billion
Fossil Energy

Chevron buying Hess Corporation for $53 billion

U.S. oil and gas major Chevron Corporation has entered into a definitive agreement with Hess Corporation to acquire all of the outstanding shares of the compatriot company in an all-stock transaction valued at $53 billion. Under the terms of the agreement, Hess shareholders will receive 1.0250 share

about 3 years ago
Balticconnector damage probe focuses on suspicious Chinese vessel
Fossil Energy

Balticconnector damage probe puts Chinese vessel under investigation

The investigation into the damage to the Balticonnector gas pipeline between Finland and Estonia is now focused on the role of the Hong Kong-flagged NewNew Polar Bear container vessel, Finland’s National Bureau of Investigation (NBI) said. The Finnish police have established in the criminal investig

about 3 years ago
Tango FLNG and Excalibur FSU on their way to start up first phase of Eni’s Congo LNG project
Fossil Energy

Tango FLNG and Excalibur FSU on their way to start up first phase of Eni’s Congo LNG project

Tango floating liquefied natural gas (FLNG) and Excalibur floating storage unit (FSU) have set sail to Congo as Eni prepares to start up the first phase of its Congo LNG project in December 2023. Following refurbishment carried out by Exmar, the two vessels sailed away from Dry Docks World yard in D

about 3 years ago
New company to be created as part of Solstad refinancing
Fossil Energy

New companies to be created as part of Solstad refinancing

Solstad Shipholding, a subsidiary of Solstad Offshore, has reached an agreement with Aker, via its wholly owned subsidiary Aker Capital, AMSC, DNB Bank and Export Finance Norway (Eksfin) for an overall refinancing solution which will create a robust industrial platform going forward. Solstad has, to

about 3 years ago
Eesti Gaas to bring extra LNG supplies to Inkoo terminal in Finland
Fossil Energy

Eesti Gaas to bring extra LNG supplies to Inkoo terminal in Finland

Energy company Eesti Gaas, also known as Elenger, has announced it will bring an additional LNG cargo from the United States (U.S.) to the Inkoo terminal, Finland, in the second half of November 2023 to cover the country’s gas consumption. Margus Kaasik, Chairman of the Management Board of Eesti Gaa

about 3 years ago
Eni clinches long-term LNG deal with QatarEnergy to strengthen Italy’s energy security
Fossil Energy

Eni clinches long-term LNG deal with QatarEnergy to strengthen Italy’s energy security

Qatar’s state-owned oil and gas company QatarEnergy and Italian energy major Eni have signed a long-term agreement for the supply of LNG from Qatar to Italy. Under the 27-year sale and purchase agreement (SPA), up to one million tons per annum (mtpa) of LNG will be delivered to the floating storage

about 3 years ago
Rig en route to begin drilling campaign off Namibia
Fossil Energy

Rig en route to begin drilling campaign off Namibia

Portuguese oil and gas company Galp is getting ready to begin drilling a well in license PEL 83 offshore Namibia, located close to Shell’s Graff and TotalEnergies’ Venus discoveries. Galp’s partner, Canada-based Sintana Energy, said on October 19 that the semi-submersible rig Hercules is currently i

about 3 years ago
In focus: Hydrogen and CCS – silver bullet or cog in energy transition machine?
Fossil Energy

In focus: Hydrogen and CCS – silver bullet or cog in energy transition machine?

As the world turns its attention toward a new/old conflict arising in the Middle East, offshore energy players are seeking new ways to curb climate change and bring us closer to a mellifluous cleaner, greener future. The energy transition process is moving ahead with each passing day but there is no

about 3 years ago
Harland & Wolff wins £61 million contract for FPSO mid-life upgrade
Fossil Energy

Harland & Wolff wins £61 million contract for FPSO mid-life upgrade

Harland & Wolff has secured a £61 million contract with Canadian oil and natural gas company Cenovus Energy for the mid-life upgrade of a floating production storage and offloading (FPSO) vessel. The SeaRose FPSO vessel is expected to arrive at the Harland & Wolff Belfast Yard in early 2024 and will

about 3 years ago
World-first as Woodside removes riser turret mooring from Australian waters (Photo+video)
Fossil Energy

World-first as Woodside removes riser turret mooring from Australian waters (Photo+video)

Australian energy giant Woodside Energy has removed the decommissioned Nganhurra riser turret mooring (RTM) from Australian water, which is now in transit to the shore for recycling and reuse. The Nganhurra RTM has been lifted onto a barge approximately 38 kilometers north of the North West Cape in

about 3 years ago
Seatrium delivers FPU for Shell's Gulf of Mexico field
Fossil Energy

Seatrium delivers FPU for Shell’s Gulf of Mexico field

Singapore’s Seatrium, previously known as Sembcorp Marine, has delivered a floating production unit (FPU) to Shell, destined for deployment in the Gulf of Mexico. The completed Whale FPU comprises a topside module and a four-column semisubmersible floating hull, of over 22,000 tonnes. Sembcorp Marin

about 3 years ago
North Sea oil project comes on stream ahead of schedule
Fossil Energy

North Sea oil project comes on stream ahead of schedule

Norway’s state-owned energy giant Equinor has brought on stream the Breidablikk field in the Norwegian sector of the North Sea four months ahead of schedule. The Breidablikk field, which commenced production on October 20, holds almost 200 million barrels of recoverable oil. Its plateau production i

about 3 years ago