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Fossil Energy

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Oil & GasAuthorities & GovernmentBusiness & FinanceBusiness Developments & ProjectsExploration & ProductionProject & TendersRegulation & PolicyRules & RegulationVesselsLow-Carbon TransitionCarbon Capture Usage & StorageEnvironmentMarket OutlooksOutlook & StrategyTransitionGreen MarineCollaborationClean FuelHydrogenDeepwater InstallationSubseaInnovationTechnologyRigsInfrastructureFPSO & VesselsHuman CapitalSafety
Pharos assets in Vietnam; Source: Pharos Energy
Fossil Energy

With farm-out talks ongoing, UK oil & gas firm secures extension for two blocks off Vietnam

Pharos Energy Plc has received a licence extension for two blocks located in the moderate to deepwater Phu Khanh Basin offshore Vietnam.

about 3 years ago
PSV Siem Giant; Source: Siem Offshore
Fossil Energy

TotalEnergies gives more work to two Siem vessels

TotalEnergies has exercised a contract extension with Siem Offshore for two platform supply vessels (PSVs) carrying out ops off Brazil.

about 3 years ago
Johan Sverdup field in the North Sea; Credit: Lizette Bertelsen & Jonny Engelsvoll/Equinor
Fossil Energy

Speed and scale of ‘fragmented’ energy transition not up to par with net-zero by 2050 targets

Equinor outlines in its new report that the 1.5-degree goal set in the Paris Agreement is becoming increasingly difficult to achieve.

about 3 years ago
FSO Safer
Fossil Energy

EEC expresses interest in recycling FSO Safer as salvage operation moves forward

Netherlands-based Elegant Exit Company (EEC), which specializes in the sustainable recycling of veteran ships by converting them into green steel, has voiced interest in recycling FSO Safer. The rapidly decaying supertanker is at the center of a United Nations-led mission worth over $100 million to

about 3 years ago
Huge potential puts Oman on track to become sixth-largest hydrogen exporter by 2030
Fossil Energy

Huge potential puts Oman on track to become sixth-largest hydrogen exporter by 2030

In a first-of-its-kind report, International Energy Agency (IEA) has presented how rich renewable resources and vast land expanses could make Oman a competitive low-emissions hydrogen supplier by 2030. The report called Renewable Hydrogen from Oman: A Producer Economy in Transition is the first IEA

about 3 years ago
Equinor taps Aker Solutions for 'first, umbilical-less TH installation'
Fossil Energy

Equinor taps Aker Solutions for ‘first, umbilical-less TH installation’

Norway’s state-owned energy giant Equinor has awarded compatriot Aker Solutions with a contract for the first delivery of its Submersible Wireless Installer for Tubing (SWIFT). According to Aker Solutions, the advantage of SWIFT includes OPEX and carbon-footprint savings for operators by providing u

about 3 years ago
Norbe VI; Source: Ocyan
Fossil Energy

Ocyan undergoes restructuring, giving birth to new drilling player

Ocyan has confirmed the completion of its restructuring process, which enabled it to separate its drilling business into a new company, temporarily being called DrillCo.

about 3 years ago
Norwegian deep-water installation vessel to back Mediterranean gas pipeline installation
Fossil Energy

Norwegian deep-water installation vessel to back Mediterranean gas pipeline installation

Norwegian offshore vessel owner Island Offshore has secured a contract to support the installation of a new gas pipeline in the Mediterranean. The company’s deep-water installation vessel Island Victory will carry out the installation of a complete mooring spread for a floating storage regasificatio

about 3 years ago
FPSO Espoir Ivoirien; Source: BW Offshore
Fossil Energy

With BW Offshore FPSO’s stay prolonged, Tullow puts all options on the table for stake in oil field off Ivory Coast

Tullow Oil is mulling over all available options regarding its interest in an oil field located offshore the Ivory Coast.

about 3 years ago
Uranus rig; Source: Trillion Energy
Fossil Energy

Drilling ops kick off at sixth well in Black Sea drilling campaign

Trillion Energy has spudded the sixth well in its 2022 – 2023 drilling campaign on a natural gas field in the Black Sea off Türkiye.

about 3 years ago
Caspian Explorer drilling vessel Source Caspian Sunrise
Fossil Energy

Sale of partial stake in drilling vessel underway

Caspian Sunrise has inked a deal with Stepping Stone Investments Limited to sell 50 per cent of its stake in a drilling vessel.

about 3 years ago
Shelf Drilling Winner (former Noble Sam Turner) jack-up rig; Source: Noble Corp.
Fossil Energy

Shelf Drilling jack-up rig spuds TotalEnergies’ first of two infill wells in North Sea

TotalEnergies has kicked off drilling ops on the first of two infill wells to be drilled during 2023 at a field in the Danish North Sea.

about 3 years ago
GMS Shamal (for illustration purposes); Source: Gulf Marine Services (GMS)
Fossil Energy

GMS racks up two extension deals, as offshore vessel market goes from strength to strength

Gulf Marine Services (GMS) has secured two contract extensions for one of its small-size class vessels and one of its large-class vessels.

about 3 years ago
South Timbalier Complex; Source: Arena Offshore
Fossil Energy

Watch Coast Guard in action as oil worker gets a medevac in Gulf of Mexico

The U.S. Coast Guard (USCG) has medevacked a 33-year-old worker from an oil platform about 23 miles southwest of Port Fourchon, Louisiana.

about 3 years ago
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