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Fossil Energy

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Clean FuelSubseaBusiness & FinanceBusiness Developments & ProjectsCarbon Capture Usage & StorageCollaborationOutlook & StrategyFPSO & VesselsOil & GasExploration & ProductionProject & TendersVesselsEnvironmentMarket OutlooksTransitionRigsHuman CapitalFloating SolarMarine EnergyOffshore WindAuthorities & GovernmentRegulation & PolicyLNGInfrastructureRules & Regulation
PGS and deepC Store to pursue carbon capture and storage projects under new agreement
Fossil Energy

PGS and deepC Store ink subscription agreement

Norwegian seismic company PGS and Australia’s deepC Store Limited (DCS) have entered into a subscription agreement under which dCS will issue shares to PGS in exchange for geological and geophysical advisory services. As a result of the agreement, PGS will become a major shareholder in dCS. The two

about 4 years ago
Brazil-bound FPSO embarks on its journey with a few stops planned along the way
Fossil Energy

FPSO embarks on its journey to Brazil with a few stops planned along the way

An FPSO, destined for Petrobras’ revitalisation project off Brazil, has left the Cosco Qidong shipyard in China and started its journey.

about 4 years ago
Oil & gas trump low-carbon investment plays in H1 2022, says WoodMac
Fossil Energy

Oil & gas plays trump low-carbon investments in H1 2022, says WoodMac

Instead of the anticipated ramp-up of green investments, WoodMac, points out that pure oil plays still trump low-carbon diversification.

about 4 years ago
TAQA keeping all assets in its oil & gas portfolio, bar Dutch assets
Fossil Energy

TAQA keeping all assets in its oil & gas portfolio, bar Dutch ones

Due to the current energy security concerns, TAQA has decided to keep its entire oil & gas portfolio, except for its Dutch upstream assets.

about 4 years ago
OMV books MMA vessel for gig in New Zealand
Fossil Energy

OMV books MMA vessel for gig in New Zealand

MMA Offshore has secured a deal for one of its platform supply vessels (PSVs) with OMV for operations in New Zealand.

about 4 years ago
Saipem’s board endorses first sustainability plan combining business with ESG factors to reach net-zero by 2050
Fossil Energy

Saipem’s board endorses first sustainability plan with ‘challenging objectives’

Saipem’s first sustainability plan, combining business and financial objectives with ESG criteria, has been approved.

about 4 years ago
With TotalEnergies deal all done, firm enters UK Continental Shelf
Fossil Energy

With TotalEnergies deal all done, firm expands presence in ‘one of the largest gas hubs in the UK’

Kistos has entered the UKCS thanks to the acquisition of TotalEnergies’ stakes in several gas fields located West of Shetland.

about 4 years ago
Beach Energy picks ‘internal successor’ for/to CFO role
Fossil Energy

Beach Energy picks ‘internal successor’ for CFO role

Australia’s oil and gas company Beach Energy has appointed its Acting Chief Financial Officer (CFO) to the CFO role, effective immediately.

about 4 years ago
Amid high fossil fuel prices, renewable power saves around $55 bln, says IRENA
Fossil Energy

Amid high fossil fuel prices, renewable power saves around $55 bln, says IRENA

IRENA believes that renewables are crucial to breaking away from volatile fossil fuel prices and tackling energy security & climate change.

about 4 years ago
WoodMac: Seven giant national oil players have what it takes to keep up output for 40-60 years
Fossil Energy

WoodMac: Seven giant oil players have what it takes to keep up output for 40-60 years

With two-thirds of global resources in their hands, seven NOCs own the lion’s share of remaining discovered oil & gas resources.

about 4 years ago
Santos hires Worley for its carbon capture and storage project in Timor Sea
Fossil Energy

Santos hires Worley for its carbon capture and storage project in Timor Sea

Santos has awarded a deal for its carbon capture and storage (CCS) project at a gas and condensate field in the Timor Sea to Worley.

about 4 years ago
Two oil & gas firms close long-anticipated deal for sale of stake in field off Nigeria
Fossil Energy

Two oil & gas firms close long-anticipated deal for sale of stake in field off Nigeria

Panoro Energy has completed the sale of its interest in the Offshore Mining Lease no. 113 (OML 113) offshore Nigeria to Oslo-listed PetroNor.

about 4 years ago
Potential delay looms over first oil from Gabon project due to rig availability
Fossil Energy

Potential delay looms over first oil from Gabon project due to rig availability

BW Energy has revealed that the first oil from its project off Gabon may be delayed due to a potential change in the rig’s schedule.

about 4 years ago
After getting its hands on Aban’s rig, Shelf Drilling changes its name
Fossil Energy

After getting its hands on Aban’s rig, Shelf Drilling changes its name

Following the delivery of a jack-up rig from India’s Aban, Shelf Drilling has renamed this latest addition to its fleet of offshore rigs.

about 4 years ago
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