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Fossil Energy

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Interim CEO picks up the reins at Petrobras while Bolsonaro’s candidate gets closer to taking over
Fossil Energy

Interim CEO picks up the reins at Petrobras while Bolsonaro’s candidate gets closer to taking over

Petrobras has appointed an interim CEO, which is expected to spearhead the firm until a new CEO takes over the steering wheel.

about 4 years ago
While Jadestone addressed ‘immediate risk of any further spill,’ Australian regulator keeping an eye on developments
Fossil Energy

Australian regulator: Jadestone addressed ‘immediate risk of any further spill’

After an oil spill led to a production halt at a Jadestone-operated field off Australia, NOPSEMA intends to keep an eye on the situation.

about 4 years ago
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.

about 4 years ago
Woodside wins Bumi FPSO termination case as court dismisses appeal
Fossil Energy

Woodside wins Bumi FPSO termination case as court dismisses appeal

After hearing the appeal filed by Bumi Armada, the court has ruled in favour of Woodside in a dispute over an FPSO charter termination.

about 4 years ago
BW Energy to expand its footprint off Brazil as Petrobras greenlights sale of two clusters
Fossil Energy

BW Energy to expand its footprint off Brazil as Petrobras greenlights sale of two clusters

Petrobras has approved the sale of two assets, located in the Espírito Santo Basin offshore Brazil, to BW Energy.

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
Shift in funding looms over oil & gas industry as COP27 approaches, says WoodMac
Fossil Energy

Shift in funding looms over oil & gas industry as COP27 approaches, says WoodMac

As GFANZ works to crystallise its climate threshold for financing, WoodMac wonders if COP27 could be a turning point for oil & gas funding.

about 4 years ago
UK firm to support oil & gas developments offshore Suriname
Fossil Energy

UK firm to support oil & gas developments offshore Suriname

Asco has inked a deal with Kuldipsingh Port to provide technical expertise for supply base ops to support Suriname’s energy industry.

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
UK operator sees last rig in its fleet off to scrap yard
Fossil Energy

UK operator sees last rig in its fleet off to scrap yard

After completing the sale of a rig, which has been stacked for years, Awilco Drilling is left with no other drilling assets in its fleet.

about 4 years ago
Valaris rig on its way to Angola to start work for ExxonMobil
Fossil Energy

Valaris rig on its way to Angola to start work for ExxonMobil

Valaris has revealed that one of its drillships has set off towards Angola to embark on its new assignment with ExxonMobil.

about 4 years ago
After missiles hit Black Sea platforms, reports indicate fire still ragging
Fossil Energy

After missiles hit Black Sea platforms, reports indicate fire still burning

Following an alleged missile strike on three platforms in the Black Sea, satellite images indicate the fire is still burning at the site.

about 4 years ago
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