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Fossil Energy

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Oil & GasBusiness & FinanceBusiness Developments & ProjectsProject & TendersClean FuelLiquefied Natural GasOther FuelsExploration & ProductionProduction & ProcessingSubseaOutlook & StrategyRigsMarket OutlooksAuthorities & GovernmentRegulation & PolicyPipesCollaborationDecommissioningInfrastructureFPSO & VesselsVessels
Illustration; Source: Weatherford
Fossil Energy

ExxonMobil tasks Weatherford with deepwater job in Nigerian waters

U.S. oilfield services company Weatherford International has been hired on a deepwater integrated completions assignment by Esso Exploration & Production Nigeria Ltd. (EEPNL), an ExxonMobil affiliate, off the coast of Nigeria.

about 4 months ago
Illustration; Source: Eni
Fossil Energy

Eni pulls off LNG offtake hat trick in Southeast Asia

Italy’s energy giant Eni has lined up three new long-term liquefied natural gas (LNG) supply agreements for its gas project duo in Indonesia, Southeast Asia.

about 4 months ago
Illustration; Source: Archer
Fossil Energy

Archer acquires Scottish firm to expand subsea and rigless P&A capabilities

Oslo Stock Exchange-listed oil services company Archer is set to acquire isol8, a Scottish well technology company focused on alloy-based barrier solutions and advanced materials for use in well completions, intervention, and plug and abandonment (P&A). The completion of the transaction is expected

about 4 months ago
Illustration; Courtesy of MidOcean Energy
Fossil Energy

New investor dishes millions to join EIG’s LNG arm

The Arab Energy Fund (TAEF), a multilateral impact financial institution, has decided to expand its energy portfolio by investing in MidOcean Energy, a liquefied natural gas (LNG) player formed and managed by the U.S.-headquartered investment company EIG Global Energy Partners (EIG).

about 4 months ago
Ran jack-up rig; Source: FOSS & ESG; Credit: Borr Drilling
Fossil Energy

Borr Drilling’s CEO: Middle East conflict brings uncertainty but empowers long-term rig outlook

Borr Drilling, an offshore drilling player with its corporate base in Bermuda, has secured 13 contracts year-to-date, enhancing its backlog by adding 2,250 days and $274 million in jack-up rig deals.

about 4 months ago
Abadi LNG; Source: Inpex
Fossil Energy

Offtake talks move forward for Southeast Asia’s $20 billion LNG project

Japan’s exploration and production (E&P) company Inpex has shed light on the progress made in advancing discussions for liquefied natural gas (LNG) and pipeline gas offtake deals from a planned LNG project in Indonesia’s Masela block, which is seen as a way to fortify Southeast Asia’s energy securit

about 4 months ago
Indonesian block map; Source: BP
Fossil Energy

BP, Inpex, CNOOC, and LNG Japan enrich oil & gas arsenal with new Southeast Asian blocks

UK-headquartered energy giant BP and its partners have penned three production sharing contracts (PSCs) for oil and gas blocks off the coast of Indonesia, Southeast Asia. The British player is also participating in another offshore block, which Japan’s Inpex offshore Eastern Java in Indonesia.

about 4 months ago
Shell’s JV in Egypt appoints Oceaneering for offshore installation
Fossil Energy

Shell’s JV in Egypt appoints Oceaneering for offshore installation

Oceaneering has won an integrated offshore installation contract with Burullus Gas Company, a joint venture of Egyptian General Petroleum Corporation (EGPC) and Shell Petroleum, for a gas field development project offshore Egypt. The contract was awarded to the company’s Offshore Projects Group for

about 4 months ago
Troll A platform in North Sea; Credit: Jan Arne Wold and Elisabeth Sahl/Equinor
Fossil Energy

Equinor-Aker BP pact accelerating development of oil & gas discoveries

Two Norwegian energy players, Equinor and Aker BP, have forged a strategic alliance to augment future production and value creation across selected parts of their oil and gas portfolios on the Norwegian Continental Shelf (NCS), enabling them to better align ownership interests, support coordinated d

about 4 months ago
Illustration; Source: Saipem
Fossil Energy

Saipem and Petrobras set their cap on advancing Brazil’s decom offering

Italy’s engineering, drilling, and construction services giant Saipem is pooling resources with Brazil’s state-owned energy player Petrobras to look into enhancing solutions for decommissioning activities across the South American country’s oil and gas fields, subsea systems, and associated infrastr

about 4 months ago
Edda Freya; Source: DeepOcean
Fossil Energy

DeepOcean picks up subsea and topside removal job for North Sea FPSO

Norwegian ocean services provider DeepOcean has been hired to support the subsea decommissioning and disconnection of an undisclosed floating production, storage, and offloading (FPSO) vessel in the UK sector of the North Sea.

about 4 months ago
Illustration; Source: QatarEnergy
Fossil Energy

Wood to deliver pipeline design and more for Qatar’s redevelopment project

China’s Offshore Oil Engineering Company (COOEC) has awarded Wood with a contract for the design of an optimized solution for a pipeline network at QatarEnergy’s hydrocarbon redevelopment project. Wood has been put in charge of the design of 25 pipelines, including ensuring safe interaction where pi

about 4 months ago
FPSO Aoka Mizu; Source: Serica
Fossil Energy

Sea Lion eyes bigger bite with second FPSO deal to speed up oil uptick

With the first phase on track for start-up in 2028, an oil project in the North Falkland Basin (NFB) is looking into expediting a capacity boost through the development of subsequent phases in the Falkland Islands.

about 4 months ago
Naming ceremony for Diamond Global Energy's Diamond Gas Jade LNG vessel; Source: K Line
Fossil Energy

LNG Canada-bound vessel gets its name at Samsung Heavy Industries’ yard

Japanese shipping major Kawasaki Kisen Kaisha (K Line) has confirmed the naming ceremony for a newly built liquefied natural gas (LNG) vessel, which is destined for an LNG export terminal in Kitimat, British Columbia, Canada, operated by LNG Canada, a joint venture company encompassing Shell, Petron

about 4 months ago
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