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Fossil Energy

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Cygnus Alpha; Source: Neptune Energy, which became part of Eni's UK portfolio now managed by Ithaca
Fossil Energy

North Sea operator raising €450M to fund boost in UK gas field and growth opportunities

Ithaca Energy, a North Sea oil and gas operator and producer, has disclosed pricing of its senior notes offering and the extension of its reserves based lending (RBL) facility, which is expected to fuel the firm’s acquisition of an additional stake in a gas field in UK waters and optimize financial

about 1 year ago
Mammoet Tugdock
Fossil Energy

Mammoet, Tugdock seal strategic pact to expand use of offshore platform tech

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Mammoet and Tugdock Submersible Platforms Limited (Tugdock) have entered into a strategic partnership to expand the use of the Tugdock Submersible Platform (TSP), which is a modular, submersible platform that allows large floating structures to be transferred seamlessly from quaysides into the water

about 1 year ago
Illustration; Source: International Energy Agency (IEA)
Fossil Energy

IEA: Oil & gas decline rates sound the alarm over global energy security risks

Given the accelerated decline in hydrocarbon production rates, a new report from the International Energy Agency (IEA) has warned about the supply risks that output drops carry, as ignoring them has the potential to undermine energy security, market stability, and emissions reduction aspirations, wi

about 1 year ago
WATCH: First of four Sea1 Offshore offshore energy support vessels enters construction
Fossil Energy

WATCH: First of four Sea1 offshore energy support vessels enters construction

The construction of the first of four offshore energy support vessels (OESVs) that Norwegian offshore services provider Sea1 Offshore ordered from China has officially begun. Sea1 Offshore placed the order for the first two OESVs with Chinese shipyard Cosco Shipping in November 2024, with the contra

about 1 year ago
Intermoor and Jumbo Offshore have forged a strategic alliance to advance offshore energy projects; Courtesy of Acteon
Fossil Energy

Acteon-Jumbo partnership’s end-to-end offering enriches offshore oil & gas and wind realms

A new strategic alliance – made up of Jumbo Offshore, a Dutch transportation and installation player, and Intermoor, Acteon’s moorings and anchors business line – has appeared on the offshore oil, gas, and wind scene to tackle floating energy challenges by jointly delivering fully integrated project

about 1 year ago
Global OTEC’s structural prototype for operating OTEC in tropical storm prone environments under the Horizon Europe funded 'PLOTEC' project
Fossil Energy

Consortium including Chevron, ExxonMobil, BP to evaluate OTEC for deepwater ops

UK-based Global OTEC has been selected to take part in a new research project under the DeepStar program, an international consortium focused on offshore technology innovation. According to Global OTEC, the project will examine the potential of ocean thermal energy conversion (OTEC) to supply basel

about 1 year ago
LNG carrier Zoe Knutsen at sea
Fossil Energy

Final piece in place: Knutsen’s ninth LNG carrier for Shell arrives

The French subsidiary of Norwegian shipping company Knutsen has welcomed its latest liquefied natural gas (LNG) carrier that will be chartered to the U.K. energy giant Shell.

about 1 year ago
A jack-up rig at a shipyard
Fossil Energy

‘World’s largest’ jack-up starts first decom with Perenco post refurbishment

A heavy lift jack-up vessel owned by the Netherlands-based decommissioning services specialist Petrodec has started decommissioning work with the UK subsidiary of Anglo-French oil and gas player Perenco in the Southern North Sea (SNS).

about 1 year ago
Deepsea Atlantic semi-submersible rig; Credit: Odfjell Drilling
Fossil Energy

Equinor gets go-ahead to drill two wells off Norway

Norway’s state-owned energy giant Equinor has obtained two drilling permits from the Norwegian Offshore Directorate (NOD).

about 1 year ago
Leman Alpha complex in the North Sea
Fossil Energy

Petrofac staying longer on North Sea assignment with Shell’s affiliate

UK-headquartered oilfield services provider Petrofac has secured a contract extension in the North Sea, which will enable it to keep working for a subsidiary of Shell, a compatriot energy giant.

about 1 year ago
Sevan's semi-submersible FPU design; Source: Sevan Deepwater Technology (Sevan DWT)
Fossil Energy

New design of semi-sub floating production unit expands Norwegian firm’s offshore energy offering

Norway’s specialized marine engineering and design house Sevan Deepwater Technology (Sevan DWT), formerly Sevan SSP, has unveiled a new concept for a semi-submersible floating production unit (FPU) designed for deployment across the offshore energy realm, including the oil and gas arena.

about 1 year ago
Jack up vessel Obana
Fossil Energy

Liebherr muscle to help Petrodec with heavy lifts in North Sea

Construction equipment manufacturer Liebherr has supplied three cranes for a jack-up vessel owned by the Netherlands-based decommissioning services specialist Petrodec.

about 1 year ago
Illustration; Source: Chevron
Fossil Energy

Chevron’s JV with local player makes a play for four hydrocarbon blocks offshore Greece

Hellenic Hydrocarbons & Energy Resources Management Company (Herema) has revealed that a joint venture (JV), entailing the U.S.-headquartered energy giant Chevron and Helleniq Energy, has submitted bids for hydrocarbon exploration at four blocks off the coast of Greece.

about 1 year ago
Vallourec to supply Petrobras with OCTG from 2026 to 2029 in deal worth up to $1B
Fossil Energy

Vallourec to supply Petrobras with OCTG from 2026 to 2029 in deal worth up to $1B

French provider of tubular solutions Vallourec has signed a long-term agreement with Brazilian oil & gas giant Petrobras for the supply of oil country tubular goods (OCTG) that could generate total revenue of up to $1 billion. Following a competitive bidding process, Vallourec has been selected to s

about 1 year ago