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Fossil Energy

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Fossil Energy

QatarEnergy and Namibia’s national oil company team up to develop oil & gas sector

QatarEnergy has signed a cooperation agreement with Namibia’s NAMCOR to support and develop a sustainable oil and gas sector in Namibia.

about 4 years ago

Fossil Energy

Energy industry optimistic about transition despite skills shortages, policies, and supply chain issues – DNV

Energy industry leaders believe the energy transition is accelerating and that 2022 is set to be a strong year for growth, DNV has said.

about 4 years ago

Fossil Energy

Over $400 million of Valaris backlog hangs in the balance after TotalEnergies abandons project

Valaris has secured new contracts for its rigs, however, over $400 million of backlog related to a drillship contract in the Gulf of Mexico now hangs in the balance.

about 4 years ago

Lamprell looks forward to ‘large’ contract with Saudi contractor for multiple jack-up lift barges

Fossil Energy

Lamprell awaits large contract award from Saudi operator

Lamprell is anticipating a contract award for the full scope of work required for the construction of multiple jack-up lift barges.

about 4 years ago

Fossil Energy

ADNOC dishes out drilling deals worth nearly $2 bln for thousands of new wells

UAE’s ADNOC has awarded framework agreements to four oilfield services providers valued at $1.94 billion to enable drilling growth.

about 4 years ago

Fossil Energy

ADNOC adds ROVs to its operations

UAE’s Abu Dhabi National Oil Company (ADNOC) has introduced remotely operated vehicles (ROVs) to its operations, targeting easier and safer underwater safety inspections. ADNOC stated that the move comes as using ROVs reduces human exposure to underwater hull inspections, which is in line with the c

about 4 years ago

Fossil Energy

Noble counts on meaningful growth ahead as rigs secure more work

Noble Corporation has secured more work for its rigs, including a conditional award for four drillships working for ExxonMobil in Guyana.

about 4 years ago

GMS New deal with improved day rates propels GMS towards further growth

Fossil Energy

New deal with higher day rate signals market improvement to GMS

GMS has inked a new contract for one of its vessels with an increased day rate, fuelling expectations of even higher rates in the future.

about 4 years ago

Fossil Energy

Borr Drilling believes rig day rates will increase

Borr Drilling has converted several LOAs into contracts, secured a couple of new deals, and postponed delivery dates for five newbuilds.

about 4 years ago

Fossil Energy

New oil discovery in Gulf of Suez is one of area’s largest in 20 years

Dubai’s oil and gas company Dragon Oil has made its first oil discovery in the Gulf of Suez, considered the largest in the last 20 years.

about 4 years ago

Fossil Energy

In focus: ‘Hydrogen to go, please’

Another week has gone by with (green) hydrogen filling our headlines, from new hydrogen carrier projects and hydrogen-powered vessels, to oil giants looking at hydrogen as the next best thing to invest into as they start adding new revenue drivers.

about 4 years ago

Fossil Energy

Sumitomo inks $200 million deal for first Middle East subsea transmission system

Sumitomo Electric Industries has received a limited notice to proceed (LNTP) from Samsung C&T Corporation to deliver a high-voltage direct current (HVDC) cable for what will be the first of its kind submarine HVDC network in the Middle East. Under the $200 million deal, Sumitomo will deliver its 400

about 4 years ago

Fossil Energy

Ex-Qatari Investors Group CFO joins GMS

GMS has appointed a former CFO of the Qatari Investors Group as its new CFO, since, its current CFO has decided to step down from the role.

about 4 years ago

Fossil Energy

In focus: highlights from an industry in change

The world is changing fast and the offshore energy industry goes along with it.

about 4 years ago