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Fossil Energy

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Illustration; Source: BOEM
Fossil Energy

Chevron, ExxonMobil, BP and Shell among highest bidders in Gulf of Mexico oil & gas lease sale

The latest oil and gas lease sale for acreage in federal waters in the Gulf of Mexico gathered nearly $264 million in high bids.

about 3 years ago
ADNOC Offshore
Fossil Energy

UAE player scopes up $2.6 bln deal while unveiling new turnkey offering to ‘revolutionise offshore oil and gas logistics’

ADNOC Logistics & Services has revealed a new deal with ADNOC Offshore, which amounts to $2.6 billion (AED9.5 billion).

about 3 years ago
Marathon Oil
Fossil Energy

Chevron, Marathon Oil and Equatorial Guinea govt pursuing further development of Gas Mega Hub

Heads of Agreement (HOA) has been inked to move forward with the next phases in the development of Equatorial Guinea’s Gas Mega Hub (GMH).

about 3 years ago
Four out of six companies awarded CO2 storage license offshore Norway
Fossil Energy

Four out of six companies awarded CO2 storage licenses offshore Norway

The Norwegian Ministry of Petroleum and Energy has awarded two new exploration licenses for CO2 storage on the Norwegian continental shelf in the North Sea to four companies. The two exploration licenses are located in the southern part of the North Sea. The eastern license is offered to Aker BP and

about 3 years ago
PSV Energy Swan; Source: Golden Energy
Fossil Energy

Repsol prolongs platform supply vessel’s assignment

Golden Energy Offshore Services (GEOS) has secured a contract extension for one of its platform supply vessels (PSVs) with Repsol.

about 3 years ago
Greater Buchan Area concept; Source: Jersey Oil & Gas
Fossil Energy

UK oil & gas player firming up farm-out talks with ‘well-funded industry heavyweight’

Jersey Oil & Gas plc is in the process of finalising a farm-out process with an undisclosed operator for an asset in the North Sea.

about 3 years ago
Deepsea Atlantic rig; Source: Odfjell Drilling
Fossil Energy

Odfjell Drilling secures more North Sea work for its rig

Odfjell Drilling has inked two letters of intent with an undisclosed client for one of its rigs to carry out drilling activities in the North Sea.

about 3 years ago
Illustration; Source: Institute for Energy Economics and Financial Analysis (IEEFA)
Fossil Energy

IEEFA warns of worsening inflation in power sector with carbon capture and storage in the mix

New report by IEEFA points out that adding CCS to fossil-fired power plants will have unsustainable implications on electricity prices.

about 3 years ago
Illustration; Source: Eni
Fossil Energy

Eni creates new venture to enhance pipeline monitoring technology

Italian energy giant Eni has created a new venture called Enivibes, dedicated to increasing the market value of its proprietary vibroacoustic pipeline monitoring system technology. The establishment of the new venture comes as Eni wishes to enhance the market value of its proprietary technology call

about 3 years ago
Valaris JU-115; Source: Valaris
Fossil Energy

Valaris jack-up rig almost ready for its new assignment with Shell

Valaris has revealed that one of its jack-up rigs is in the process of wrapping up preparations in Singapore for its new contract with Shell.

about 3 years ago
Danes complete salvage of undefined object adjacent to Nord Stream pipeline
Fossil Energy

Danes complete salvage of undefined object adjacent to Nord Stream pipeline

The object that was found adjacent to the Nord Stream 2 pipeline last week has been salvaged, the Danish Energy Agency has confirmed. The salvage, which was carried out at a water depth of 73 meters, was completed on 28 March. According to the Danish Defense, investigations indicate that the object

about 3 years ago
Eight CCUS initiatives in the UK proceed to negotiations
Fossil Energy

UK: Eight CCUS projects proceed to negotiations for support

The UK Government has selected eight successful bidders in the second phase of the carbon capture, utilization and storage (CCUS) cluster sequencing process to proceed to negotiations for support through relevant business models. Following the selection of HyNet and East Coast Cluster as Track-1 CCU

about 3 years ago
Illustration; Source: Halliburton
Fossil Energy

Halliburton to assist Petrobras in stepping up digitalisation and enhancing exploration ops

Brazil’s Petrobras has picked Halliburton’s digital platform to accelerate digital transformation and address subsurface challenges.

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

Fourth well in Black Sea drilling campaign comes online

Trillion Energy has put the fourth well in its 2022 – 2023 drilling campaign on a natural gas field in the Black Sea off Türkiye into production.

about 3 years ago
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