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Fossil Energy

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NewMed Energy
Fossil Energy

BP and ADNOC buying stake in Israel’s NewMed for nearly $3.99 billion

BP and ADNOC have made a non-binding offer to take NewMed Energy private through an acquisition of the free float and a partial acquisition of Delek’s stake.

about 3 years ago
The International Renewable Energy Agency (IRENA)
Fossil Energy

With energy transition off-track, IRENA calls for diverting $1 trillion of annual fossil fuel investment by 2030 to accelerate it

The International Renewable Energy Agency (IRENA) has outlined the investment needs of $35 trillion by 2030 as the price for the green shift.

about 3 years ago
Power cables now in place for electrification of Utsira High
Fossil Energy

Power cables now in place for electrification of Utsira High

NKT has completed the power cable systems connecting six offshore oil and gas platforms located at Utsira High to the onshore power supply. This is said to play a central role in reducing carbon emissions from the Norwegian continental shelf (NCS) with 1.2 million tonnes annually. NKT has provided t

about 3 years ago
Transocean Encourage rig; Source: Transocean
Fossil Energy

Equinor ready to deploy Transocean rig for work in Norwegian Sea

Equinor has received consent from Norway’s offshore safety regulator to use one of Transocean’s semi-submersible rigs on a field located in the Norwegian Sea.

about 3 years ago
Another firm joins LLOG's deepwater Gulf of Mexico project
Fossil Energy

Another firm joins LLOG’s deepwater Gulf of Mexico project

Texas-based oil and gas service company Trendsetter Engineering has won a contract with LLOG Exploration Offshore for the provision of subsea hardware for a project in the U.S. Gulf of Mexico. Trendsetter will design and manufacture the subsea production manifold featuring its TCS subsea connectors,

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

Equinor gets the all-clear for North Sea drilling ops

Equinor has received consent from Norway’s offshore safety regulator for exploration drilling in the North Sea off Norway, using one of Odfjell Drilling’s rigs.

about 3 years ago
Island Constructor vessel; Source: Island Offshore
Fossil Energy

Shell all-set to use well intervention vessel at two North Sea fields

Shell has received consent from the Norwegian regulator to use one of Island Offshore’s mobile offshore units (MOU) on two fields off Norway.

about 3 years ago
FPSO Petrojarl I; Source: Enauta
Fossil Energy

First of three new wells kicks off production after being tied to Brazilian FPSO

Enauta has started production from the first well in its three-well drilling campaign at a field offshore Brazil.

about 3 years ago
Illustration; Source: International Energy Agency (IEA)
Fossil Energy

With over 140 carbon capture, utilisation, and storage hubs in development, 2022 pushes CCUS to new heights

IEA: More than 140 new CCUS projects were announced, ramping up planned storage capacity by 80 per cent, and capture capacity by 30 per cent.

about 3 years ago
Equinor picks Aker Solutions for Norwegian Sea tie-back job
Fossil Energy

Aker Solutions wins contract for Norwegian Sea tie-back job

Norway’s energy giant Equinor has awarded compatriot oilfield services provider Aker Solutions with a contract to tie back two gas fields in the Norwegian Sea to the Åsgard B platform. The contract comprises engineering, procurement, construction, installation and commissioning (EPCIC) and implies t

about 3 years ago
The Valaris 8503 rig was used for Zama appraisal. Source: Talos Energy
Fossil Energy

Pemex hands over development plan for giant oil field off Mexico

Pemex has submitted a unit development plan (UDP) for an oil field offshore Mexico to the National Hydrocarbons Commission.

about 3 years ago
Yggdrasil; Source: Aker BP
Fossil Energy

ABL Group to act as marine warranty surveyor for multiple oil & gas developments off Norway

ABL Group has been appointed as a marine warranty surveyor for the transportation and installation operations on several Aker BP-operated offshore field developments located on the Norwegian Continental Shelf (NCS).

about 3 years ago
West Capella drillship (for illustration purposes); Source: Seadrill
Fossil Energy

U.S. offshore rig count continues its upward trajectory

Baker Hughes’ weekly rig count report shows that the number of offshore rigs in the United States kept its forward momentum by adding one unit last week.

about 3 years ago
Estaleiro Jurong Aracruz (EJA)
Fossil Energy

Probe into alleged ‘irregularities’ at Sembcorp Marine’s Brazilian arm underway

Brazil’s Office of the Comptroller General (CGU) has launched an investigation into alleged irregularities practised by the Brazilian subsidiary of Singapore’s Sembcorp Marine.

about 3 years ago
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