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Fossil Energy

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Saipem collects $900 million in new contracts
Fossil Energy

Saipem wraps up pipeline installation for Equinor’s Irpa field (Video)

The pipelaying vessel Castorone, operated by Italian oilfield services provider Saipem, has completed the installation of an approximately 80-kilometer pipeline linking the Aasta Hansteen platform to Equinor’s new subsea tieback field, Irpa, formerly known as Asterix. The Irpa field, located at a de

about 1 year ago
Shelf Drilling Fortress jack-up rig; Source: Shelf Drilling
Fossil Energy

Shelf Drilling fleet staying busy with new UK contract and Egypt extension

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UAE-headquartered offshore drilling contractor Shelf Drilling has secured one new contract and one extension for two vessels from its fleet.

about 1 year ago
Valaris DS-15 drillship; Source: Valaris
Fossil Energy

Billion-dollar rig jobs raise Valaris’ backlog to $4.7B

Valaris has won a new batch of rig assignments and extensions, enabling three drillships and three jack-ups to secure work in different geographies.

about 1 year ago
A shipyard at night
Fossil Energy

ModuSpec enhancing rig safety in Caspian Sea with new inspection contracts

MR Group’s ModuSpec, a rig intake and inspection specialist, has been hired to provide inspection services in the Caspian region.

about 1 year ago
Saipem 10000; Source: Saipem
Fossil Energy

Energy giants sign binding merger deal, bringing Saipem7 closer to reality

Italy’s engineering, drilling, and construction services giant Saipem has signed a binding agreement on the terms and conditions of its proposed merger with global energy player Subsea7. Since the management of both companies believes the merger will create a global leader in energy services, especi

about 1 year ago
FSRU steel-cutting ceremony; Source: Gaz-System
Fossil Energy

First steel cut for Poland’s FSRU at HD Hyundai Heavy Industries shipyard

Poland’s gas transmission system operator (TSO), Gaz-System, has confirmed a steel-cutting ceremony, held in South Korea, for the country’s floating storage and regasification unit (FSRU), which will be part of a liquefied natural gas (LNG) terminal located in the Gulf of Gdańsk.

about 1 year ago
SUMMER SALE: Up to 50% off on advertising on offshore-energy.biz
Fossil Energy

SUMMER SALE: Up to 50% off on advertising on offshore-energy.biz

Offshore Energy has launched a summer sale with up to 50% off on advertising packages, ending on July 31. Use this opportunity to book your advertising campaign and multiply ways to increase exposure to the industry! Get 15% off for one, 25% off for two, and 50% off for three products or more. Conta

about 1 year ago
Allseas lays 20-kilometer pipeline for EU’s first large-scale CO2 transport and storage project
Fossil Energy

Allseas lays 20-kilometer pipeline for EU’s first large-scale CO2 transport and storage project

Allseas’ Lorelay has completed offshore pipelaying for the Port of Rotterdam CO2 Transport Hub and Offshore Storage (Porthos) project, the first offshore carbon capture and storage (CCS) project in the Netherlands. This first large-scale CO2 transport and storage project to be realized in the EU is

about 1 year ago
SLB adds first UK offshore CO2 storage project to its to-do list
Fossil Energy

SLB adds first UK offshore CO2 storage project to its to-do list

Texax-headquartered energy technology company SLB has secured a contract to deliver carbon storage solutions for the UK’s first offshore carbon capture and storage (CCS) project, developed by a joint venture of BP, Equinor and TotalEnergies. For the Northern Endurance Partnership (NEP) project, SLB

about 1 year ago
Serica Energy
Fossil Energy

Serica Energy brings UK firm with North Sea oil & gas assets into its fold

UK-based upstream oil and gas player Serica Energy has wrapped up the acquisition of a compatriot player, Parkmead (E&P) Limited (PUK), from Parkmead Group, expanding its North Sea portfolio with two additional licenses on the UK Continental Shelf (UKCS).

about 1 year ago
An offshore platform at Valhall field
Fossil Energy

Asset trio stake sale to Inpex fueling Pandion’s growth ambitions

Norway’s oil and gas company Pandion Energy has signed an agreement to sell its stakes in three assets offshore Norway to Inpex Idemitsu Norge, a subsidiary of Japan’s Inpex.

about 1 year ago
Noble Resolve jack-up rig as it set off from the Esbjerg shipyard, Denmark; Source: Zenith Energy
Fossil Energy

New oil & gas discovery seen as European country’s ‘largest conventional hydrocarbon field’

Keeping the remaining potential for exploration and recovery in mind, a fresh oil and gas discovery, which was drilled with a Noble Corporation-owned rig in the Baltic Sea, has aided the operator of the Wolin license block off the coast of Poland to infer that this find is one of the largest convent

about 1 year ago
Globetrotter I drillship
Fossil Energy

Noble drillship lands $80M Black Sea exploration gig

Southeastern Europe’s integrated energy player OMV Petrom and NewMed Energy Balkan, a subsidiary of Israel’s NewMed Energy, have inked a rig contract with Noble Corporation for a drilling assignment in the Black Sea, offshore Bulgaria.

about 1 year ago
Aurora finalizes 11-vessel takeover from Sea1 with delivery of third high-end subsea vessel
Fossil Energy

Aurora finalizes 11-vessel takeover from Sea1 with delivery of third high-end subsea vessel

Norwegian vessel management services provider Aurora Offshore, part of the Borealis Group, has taken delivery of the eleventh and final vessel from compatriot operator Sea1 Offshore, ex-Siem Offshore. Siem Barracuda, the third high-end subsea vessel of a total of three that are part of the collabora

about 1 year ago