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Fossil Energy

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Fossil Energy

IEA: Natural gas markets to remain tight into 2023 as Russia’s reductions bring tensions and uncertainty

Natural gas markets are expected to remain tight well into next year as Russia keeps curtailing natural gas flows to Europe which has pushed international prices to new highs, disrupted trade flows and led to fuel shortages, International Energy Agency (IEA) finds in its latest report. According to

about 4 years ago

Sval Energi closes Equinor and Suncor deals worth $1.3 bln

Fossil Energy

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Sval Energi closes Equinor and Suncor deals worth $1.3 bln

Sval Energi has expanded its portfolio by completing the previously announced acquisition deals with Equinor and Suncor Energy.

about 4 years ago

Petrobras picks Shearwater for large deepewater OBN survey

Fossil Energy

Petrobras picks Shearwater for large deepwater OBN survey

Shearwater GeoServices has secured a contract to deliver a large deepwater ocean bottom node (OBN) survey over the Petrobras-operated Grand Iara Project offshore Brazil. The project includes the Berbigão, Sururu, and Shared Reservoir of Atapu in the Santos Basin. It is scheduled to start in the firs

about 4 years ago

Expro wraps up P&A campaign at first Irish indigenous gas wells

Fossil Energy

Expro wraps up P&A of first Irish indigenous gas wells

UK-headquartered energy services provider Expro has completed the plug and abandonment (P&A) of Ireland’s first indigenous gas wells. Expro provided integrated subsea and well test services over a period of eight months to intervene, plug and abandon subsea wells from a mobile offshore drilling unit

about 4 years ago

Fossil Energy

Equinor getting ready to spud North Sea well in December

Equinor has secured a drilling permit from the country’s authorities for an appraisal well in the North Sea off Norway.

about 4 years ago

Fossil Energy

Gas transmission starts through Baltic Pipe

Gas transmission from Norway to Poland via Denmark has started through the new Baltic Pipe pipeline, Polish gas transmission system operator GAZ-SYSTEM announced on Saturday, 1 October. The flow started at 6:10 a.m. and nominations as of 1 October totaled 62.4 million kilowatt-hours/day. Baltic Pipe

about 4 years ago

Fossil Energy

Shell to invest in another deepwater project in Malaysia

Shell has taken a final investment decision on Phase 4 of the Gumusut-Kakap-Geronggong-Jagus East deepwater development project in Malaysia.

about 4 years ago

Fossil Energy

‘A defining moment in the history of offshore drilling’ as Noble-Maersk merger closes

The business combination between Noble Corporation and Maersk Drilling has been completed, creating “a new and dynamic leader in offshore drilling.”

about 4 years ago

Fossil Energy

New Brazilian assignment for Solstad vessel

Norwegian offshore vessel owner Solstad Offshore has been awarded a new contract offshore Brazil for one of its PSVs.

about 4 years ago

Fossil Energy

Nord Stream leaks stopped, damage assessment next on schedule

Gas leaks from the Nord Stream 1 and 2 pipelines in the Baltic Sea have stopped after stable pressure was achieved over the weekend, the Danish Energy Agency announced. A stable pressure was achieved on the Nord Stream 2 pipeline on Saturday, 1 October, indicating that the blowout of gas had been co

about 4 years ago

Fossil Energy

Reduction in gas demand puts Brazilian field into ‘temporary’ offline mode

Brazilian state-owned oil and gas player Petrobras has interrupted production at a field offshore Brazil due to a reduction in gas demand.

about 4 years ago

Fossil Energy

Petrofac takes over FPSO operatorship as part of ‘landmark’ decom deal off Australia

Petrofac has taken over the operatorship of a floating production, storage and offtake (FPSO) vessel on behalf of the Australian government.

about 4 years ago

In focus: Are countries caught between energy security and net-zero pledges?

Fossil Energy

In focus: Balancing act between energy security and net-zero goals

The global energy crisis has forced nations around the globe to ponder whether they need to pick between energy security and net-zero goals. Can both be obtained simultaneously? This is the question on everyone’s mind.

about 4 years ago

Fossil Energy

Prosafe unit staying longer in UK North Sea

Offshore accommodation rig provider Prosafe has secured a contract extension for one of its units in the UK North Sea.

about 4 years ago