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Fossil Energy

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FPSO Energean Power; Source: Energean
Fossil Energy

FPSO returns to operation mode in Eastern Mediterranean

London-based oil and gas player Energean has restarted production from a floating production, storage, and offloading (FPSO) vessel deployed at a field off the coast of Israel.

about 5 months ago
Borr Drilling's Arabia I and Arabia II
Fossil Energy

Borr Drilling anticipates step-up in rig contracting game

Borr Drilling, an offshore drilling player with its corporate base in Bermuda, has shed light on operational and contracting activities of its fleet, expecting to witness a boost in rig action.

about 5 months ago
Illustration; Source: Baker Hughes
Fossil Energy

Baker Hughes hauls in $1.45 billion for sale of Waygate Technologies

U.S.-headquartered energy technology giant Baker Hughes has struck a deal to offload Waygate Technologies, part of its Industrial & Energy Technology (IET) segment, to Stockholm-headquartered Hexagon, a measurement technologies player.

about 5 months ago
Petrobras gives out $56 million contract extension to Solstad CSV
Fossil Energy

Petrobras gives out $56 million contract extension to Solstad CSV

A construction support vessel (CSV) owned by Solstad Maritime (SOMA) has secured a two-year contract extension worth approximately $56 million with Brazilian oil & gas company Petrobras. As part of the extended contract, the CSV Normand Fortress will provide accommodation services to support product

about 5 months ago
Çağrı Bey seventh-generation ultra-deepwater drillship; Source: Türkiye’s Ministry of Energy and Natural Resources
Fossil Energy

Drillship comes to Africa for Türkiye’s first deepwater drilling foray abroad

Türkiye’s Ministry of Energy and Natural Resources has confirmed the arrival of a seventh-generation drillship to Somalia, where it is expected to kick off hydrocarbon offshore exploration activities and spud what is described as the world’s second-deepest offshore well.

about 5 months ago
DS Carolina drillship; Source: Ventura Offshore
Fossil Energy

Ventura Offshore’s sixth-gen drillship picks up 135-day extension in Brazil

Brazilian deepwater offshore drilling contractor Ventura Offshore has revealed a contract extension for its sixth-generation ultra-deepwater drillship off the coast of Brazil.

about 5 months ago
FPSOs P-84 (Atapu) and P-85 (Sépia) will each have a daily production capacity of 225 thousand barrels of oil per day and processing of 10 million cubic meters of gas per day; Source: Petrobras
Fossil Energy

Subsea7 rakes in over $1.25 billion for Brazilian oil & gas job

Luxembourg-domiciled Subsea7 has been tasked with work in the Santos Basin on a field development project, which is described as one of the largest pre‑salt expansion phases off the coast of Brazil.

about 5 months ago
Artist's depiction of Geelong gas terminal
Fossil Energy

Australia backs proposed LNG terminal to stave off Victoria’s gas supply crunch

Australian energy infrastructure player Viva Energy has received federal environmental approval for its proposed liquefied natural gas (LNG) terminal project in Geelong, Australia.

about 5 months ago
An offshore platform
Fossil Energy

Gulf of Suez oil output on the rise as new well joins in on the action

The Gulf of Suez Petroleum Company (GUPCO) has started oil production from another well at an offshore field in the Gulf of Suez, further augmenting its oil arsenal off the coast of Egypt.

about 5 months ago
FPSO Cidade de Campos dos Goytacazes; Source: MODEC
Fossil Energy

Petrobras takes back full ownership of Brazilian offshore oil fields

Brazilian state-owned energy giant Petrobras has signed on the dotted line to buy out Petronas Petróleo Brasil Ltda. (PPBL), a subsidiary of Malaysia’s energy giant Petronas, and secure sole ownership of two assets in the Campos Basin off the coast of Brazil.

about 5 months ago
Illustration; Source: Petronas
Fossil Energy

Petronas tasks Petra Energy with work on Malaysian gas project

Petronas Carigali, a subsidiary of Malaysia’s state-owned oil and gas heavyweight Petronas, has entrusted assignments on its gas project to Petra Resources Sdn. Bhd. (PRSB), a subsidiary of Petra Energy Berhad (PEB).

about 5 months ago
Oxy
Fossil Energy

New oil discovery comes to light in Gulf of America

Houston-headquartered energy player Occidental (Oxy) has unveiled a new oil discovery at a prospect in the Gulf of America (U.S. Gulf of Mexico).

about 5 months ago
A man seen from behind looking at the sea
Fossil Energy

CB&I all done with acquisition of Petrofac’s Asset Solutions business

CB&I, a designer and builder of storage facilities, tanks, and terminals owned by a consortium of financial investors led by Mason Capital Management, has expanded its service offering with the purchase of Petrofac’s Asset Solutions business, a provider of operations, maintenance and decommissioning

about 5 months ago
Marvel Swallow LNG tanker; Source: Elenger
Fossil Energy

European firm lines up five LNG cargos to up gas storage ante

Elenger, Finland’s privately owned energy company by Infortar, has set the wheels in motion to get ready for the next heating season by securing five liquefied natural gas (LNG) cargoes this spring.

about 5 months ago
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