Fossil Energy
UK regulator cheers new checkpoint expected to safeguard oil & gas industry future and help usher in net-zero
The Oil and Gas Authority is supporting the launch of a new climate compatibility checkpoint for the oil and gas industry.
Argeo marks entry into Brazil’s oil & gas sector with AUV deal
Norwegian marine survey contractor Argeo has signed an agreement with an undisclosed client to provide autonomous underwater vehicle (AUV) services in the Brazilian oil and gas sector. The project is scheduled to commence early in the first quarter of 2022 and includes the possibility of being exten
Petronas and Posco team up to unlock carbon capture and storage potential in Malaysia
Petronas and Posco have joined forces to collaborate on evaluating and exploring CCS potential in Malaysia.
TotalEnergies and Petronas get stakes in Petrobras assets to expand pre-salt footprint off Brazil
TotalEnergies and Petronas have increased their pre-salt portfolio, following successful bids on Petrobras -operated fields, offshore Brazil.
Charges of negligence over major oil spill off California coast, spark renewed outcries to ban offshore drilling
Amplify Energy has been accused of negligent conduct during the oil spill off the California coast, which renewed efforts to ban offshore drilling.
SBM Offshore unveils $620 million loan for Mero FPSO
SBM Offshore has secured a $620 million loan for the construction of the FPSO, which will be deployed at the Mero field offshore Brazil.
Maersk Drilling inks rig renewal deal worth around $1 bln with Aker BP
Maersk Drilling and Aker BP have agreed to renew a frame agreement for two jack-up rigs. The estimated value of this deal is around $1 bln.
Wood nets UK North Sea contract wins worth $160 million in Q4 2021
Wood has secured contracts worth around $160 million with several companies – including Shell and Dana Petroleum – for ops in the UK North Sea.
Dutch energy companies sign contract for Porthos CO2 project
Air Liquide, Air Products, ExxonMobil and Shell have signed the final contracts with Porthos for the transport and storage of CO2 in Rotterdam.
Petrobras restarts production from Brazilian gas field following pipeline repairs
After the repairs were carried out on the export pipeline’s subsea valve, Petrobras has resumed gas production from the Manati field.
Norwegian trio gets approval for manned underwater ops
Norway’s offshore safety regulator, the Petroleum Safety Authority (PSA), has granted Vår Energi, Equinor and Gassco consent to carry out manned underwater operations in 2022. The consents apply to facilities and pipeline systems on the Norwegian continental shelf, and pipelines subject to Norwegian
Solstad clinches another vessel deal for North Sea ops
Solstad Offshore has been awarded a long-term contract for another PSV by an undisclosed charterer to support operations in the North Sea.
Another mystery buyer gets its hands on Solstad vessel
Farstad Shipping, a subsidiary of Solstad Offshore, has sold another one of its vessels to a buyer, whose identity was not revealed.
U.S. offshore rig count continues inching upward
According to Baker Hughes’ weekly rig count report, the number of offshore rigs in the U.S. is continuing its slow, upward movement.