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Fossil Energy

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In focus: Energy players in strategic moves to net-zero
Fossil Energy

In focus: Energy players in strategic moves to net-zero

This week witnessed prominent industry players teaming up worldwide for energy transition projects and decarbonising their production and operations.

about 4 years ago
Five Noble rigs to join Shelf Drilling’s fleet for $375 million
Fossil Energy

Five Noble rigs to join Shelf Drilling’s fleet for $375 million

Shelf Drilling has inked a deal with Noble to buy five jack-up rigs, which are being sold to address concerns about the Noble-Maersk merger.

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about 4 years ago
In pursuit of solution for ‘severe liquidity concerns,’ Lamprell ponders takeover bid from shareholder
Fossil Energy

‘Severe liquidity concerns’ prompt Lamprell to ponder funding solutions including takeover bid from shareholder

Following Blofeld’s takeover bid, Lamprell intends to continue its discussions with this shareholder to get an updated offer.

about 4 years ago
Non-OPEC+ to spearhead global oil supply in 2023 with output from OPEC+ going down as sanctions take their toll on Russian volumes
Fossil Energy

Output from OPEC+ to go down in 2023 as sanctions take their toll on Russian volumes

The IEA forecasts that non-OPEC+ will spearhead global oil supply in 2023, while the output from OPEC+ may fall.

about 4 years ago
Seadrill bags extension deals for three rigs worth $361 million
Fossil Energy

Seadrill rigs rake in $361 million in extension deals

Seadrill has won contract extensions with a total value of approximately $361 million in aggregate for three jack-up rigs in the Middle East.

about 4 years ago
Two players join forces to research carbon capture and global supply chain
Fossil Energy

Two players join forces to research carbon capture and global supply chain

American Bureau of Shipping (ABS) has teamed up with TAMUQ to launch a study into carbon capture and the global supply chain.

about 4 years ago
Rystad: Russian crude oil diverted from Europe to India & China as war rebalances trade flows
Fossil Energy

Rystad: Russian crude oil diverted from Europe to India & China as war rebalances trade flows

Almost four months after Russia’s invasion of Ukraine, Russian crude oil, Urals, has seen a switch in flow from its traditional market of Europe to Asia, Rystad says.

about 4 years ago
Stena IceMAX drillship
Fossil Energy

Energean to drill two more Israel wells with Stena drillship

Energean has exercised its options with Stena Drilling for two more wells offshore Israel as part of its 2022 growth drilling campaign.

about 4 years ago
New addition for Shelf Drilling’s fleet as India’s Aban offloads another rig
Fossil Energy

New addition for Shelf Drilling’s fleet as India’s Aban offloads another rig

UAE’s Shelf Drilling has inked a deal with India’s Aban Offshore to buy one of the latter’s jack-up drilling rigs.

about 4 years ago
As O&G share of MMO market goes down, renewables and low-carbon to take increasingly large slice of pie – Rystad
Fossil Energy

As O&G share of MMO market goes down, renewables and low-carbon to take increasingly large slice of pie – Rystad

The oil and gas industry has dominated the MMO market but this is set to change, an analysis by Rystad Energy shows.

about 4 years ago
Worley bags 10-year deal for Chevron’s onshore and offshore asset portfolio
Fossil Energy

Worley lands 10-year deal with Chevron

Chevron has awarded a long-term deal to Worley, encompassing its global portfolio of onshore and offshore assets.

about 4 years ago
New UAE joint venture to provide subsea and survey services
Fossil Energy

New UAE joint venture to provide subsea and survey services

Abu Dhabi-based National Marine Dredging Company (NMDC) and AD Ports Group have joined forces to form SAFEEN Surveys and Subsea Services, a new joint venture dedicated to providing surveys, trenching and dredging support services. SAFEEN Surveys and Subsea Services will offer a range of trenching, d

about 4 years ago
Deep Driller 8 rig - Aban Offshore
Fossil Energy

India’s Aban gets rid of another rig

India’s offshore drilling contractor Aban Offshore has sold one of its jack-up rigs to UAE’s ADNOC Drilling.

about 4 years ago
Shelf Drilling Achiever- Shelf Drilling
Fossil Energy

Three-year extension for Saudi rig

Offshore drilling contractor Shelf Drilling has secured a contract extension for one of its jack-up rigs in the Middle East.

about 4 years ago