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Fossil Energy

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Ras Laffan petrochemicals project in Qatar (aerial view); Source: CPChem
Fossil Energy

QatarEnergy turns off LNG and downstream production taps

Qatar’s state-owned oil & gas giant QatarEnergy has opted to clamp down on output by cutting off the production flow of liquefied natural gas (LNG) and associated products in the wake of the attack on Iran, which the U.S. and Israel launched over the weekend.

about 7 months ago
Deepsea Bollsta; Source: Odfjell Drilling
Fossil Energy

Probe into North Sea rig incident ends

Norway’s state-owned energy giant Equinor has wrapped up its investigation into a well control incident that occurred on a semi-submersible rig working in the Norwegian sector of the North Sea. This incident is classified as being in the company’s highest category of severity.

about 7 months ago
Snorre A platform; Credit: Bo B. Randulff/Even Kleppa/Equinor
Fossil Energy

North Sea becomes richer for another oil discovery

Norwegian state-owned energy giant Equinor has found more black gold in the North Sea off the coast of Norway, thanks to drilling activities with one of Odfjell Drilling’s semi-submersible rigs.

about 7 months ago
An offshore platform and a vessel next to it at sunset
Fossil Energy

Millions committed to bring Southeast Asian gas field to life

West Natuna Exploration Limited (WNEL), a majority-owned subsidiary of Singapore-headquartered natural gas player Conrad Asia Energy, has taken a step to secure future gas supply by greenlighting a final investment decision (FID) for a natural gas field in the West Natuna Sea off the coast of Indone

about 7 months ago
Showing the Sea Lion FPSO and the Phase 1 & 2 development field layout; Source: Navitas
Fossil Energy

Navitas signs off on Falkland Islands oil & gas portfolio expansion

Israel’s Navitas Petroleum has locked in the increase of its oil and gas footprint off the coast of the Falkland Islands by firming up a deal to get a lion’s share in a license within the North Falkland Basin.

about 7 months ago
NAGA 2 jack-up rig; Source: Velesto
Fossil Energy

Five-year Asian drilling gig comes Velesto rig’s way

Malaysia’s Velesto Energy, owner of premium jack-up rigs, has landed a multi-year drilling assignment for one of its rigs with Petronas Carigali, a subsidiary of the Asian country’s energy giant Petronas.

about 7 months ago
FPSO Energean Power works at the Karish field offshore Israel; Source: Energean
Fossil Energy

Hormuz shutdown ramifications: Oil price hike to hit $100 as Asia-Europe LNG battle looms

As the closure of the Strait of Hormuz, through which 15% of global oil and 20% of global liquefied natural gas (LNG) supply flows, evokes fears of a major energy shock, analysts at Wood Mackenzie, an energy intelligence group, have warned that oil prices could surge past $100 a barrel (bbl), if flo

about 7 months ago
LNG carrier; Source: MET Group
Fossil Energy

More LNG for Europe as MET Group and Shell expand their long-term cooperation

MET International, the trading and wholesale arm of Switzerland-headquartered energy company MET Group, and Shell Global LNG Limited have signed a non-binding memorandum of understanding (MoU) to expand their existing long-term cooperation in LNG and gas trading. The agreement provides a framework f

about 7 months ago
A man looking at a large vessel at sea
Fossil Energy

Petronas hand-picks FPSO for Asian hydrocarbon redevelopment project

OceanSTAR Engineering Holding, part of Singapore-headquartered OceanSTAR Elite group of companies, has secured a new deal with Petronas Carigali (PCSB), a subsidiary of Malaysia’s energy giant Petronas, for the provision of lease, operation and maintenance of a floating production, storage, and offl

about 7 months ago
PSV Seacor Yangtze; Source: Remøy Shipping
Fossil Energy

Two 2018-built vessels pick up North Sea gig with TGS

Norwegian energy data and intelligence company TGS has hired two platform supply vessels (PSVs), managed by Norway’s shipping company, Remøy Shipping.

about 7 months ago
Three Acteon firms unite to deliver multi-million-dollar contract with Petrobras
Fossil Energy

Three Acteon firms unite to deliver multi-million-dollar contract with Petrobras

Intermoor, Acteon’s Moorings and Anchors business line, has secured a three-year contract with Brazil’s oil & gas giant Petrobras for stack-up mooring system services in Brazil. The multi-million-dollar contract will see the provision of work to support light-workover interventions and abandonment o

about 7 months ago
Illustration; Source: AF Offshore Decom - Helene Pettersen
Fossil Energy

AF Offshore and Heerema tasked with removing 39,500-ton North Sea platform

A consortium of AF Offshore Decom, part of AF Gruppen, and Heerema Marine Contractors (HMC) has secured a contract for the engineering, preparation, removal and disposal (EPRD) of a North Sea platform on the UK Continental Shelf (UKCS). The platform’s topsides weigh approximately 27,500 tons and the

about 7 months ago
Calcasieu Pass terminal; Source: Venture Global
Fossil Energy

Korean player taps US firm for two-decade-long LNG offtake

Venture Global, an American producer of liquefied natural gas (LNG) sourced from North American basins, has signed off on a multi-year LNG deal with Korea’s Hanwha Aerospace, described as a core affiliate of the Hanwha Group.

about 7 months ago
Modules for Shell's Fourchon Resiliency Project; Source: Morrison Energy
Fossil Energy

New milestone for Shell’s project bolstering US Gulf energy infrastructure hub

Louisiana-based Chet Morrison Contractors, known as Morrison Energy, has confirmed the load-out of the first modules for a project aiming to up the resiliency ante of Port Fourchon in the Pelican State.

about 7 months ago
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