Fossil Energy
OKEA abandons North Sea oil project plans
Oil and gas company OKEA has decided to propose to the licence partners not to develop its operated North Sea discovery further.
Qatar Petroleum changes name to reflect strategy focusing on energy transition
Qatar’s state-owned oil and gas company Qatar Petroleum has changed its name to reflect its energy transition focus.
Shell’s JV orders 1st LNG-fueled, wind-assisted CO2 carriers
Northern Lights, Shell’s joint venture with energy majors Equinor and TotalEenrgies, has placed an order for two LNG-powered, wind-assisted CO2 carriers at China’s Dalian Shipbuilding Industry Co. (DSIC).
Petrofac joins forces with Gazprom to boost Russia’s industry expansion
Petrofac has signed a strategic partnership with Gazprom to export and promote the Russian energy industry on the domestic and global markets.
No oil for Lundin after drilling in North Sea
Lundin Energy is in the process of concluding the drilling of a wildcat well in the North Sea after encountering disappointing results.
Lukoil paying $2.25 billion for Shah Deniz stake
Lukoil has concluded an agreement on acquiring an interest in the Shah Deniz gas project in the Caspian Sea from Petronas.
ExxonMobil’s resource estimate for Guyana block rises to 10 billion barrels
ExxonMobil has increased its estimate of the discovered recoverable resource for the Stabroek Block off Guyana following its latest discovery.
Still no decision from Petrobras over Albacora bids despite reports
Brazilian oil and gas company Petrobras has said there is still no decision about the winning proposal for the Albacora field off Brazil.
Damen’s first new fast crew supplier completes sea trials
Damen’s first FCS 7011 vessel has successfully finished its sea trials off the Turkish coast and is set to head to the Netherlands.
Equinor books COSL rig to drill up to nine wells
Equinor has awarded COSL Offshore Management a contract to drill on Statfjord Øst field off Norway with the COSLPromoter rig.
Yinson on track with FPSO conversion for Petrobras
Yinson is on track with an FPSO conversion project for a Petrobras project off Brazil with topside module integration currently in progress.
UK regulator rejects Shell’s plan for North Sea gas project
UK petroleum regulator has not approved Shell’s proposed plan for an ultra-high pressure/high-temperature gas field in the UK North Sea.
Valaris rig bags fresh extension
Offshore drilling contractor Valaris has been awarded an extension to its bareboat charter agreement with ARO Drilling for a jack-up rig.
ExxonMobil adds one more plant to CCS project plans
U.S. oil major ExxonMobil has increased its participation in the Acorn CCS project in Scotland by signing an Expression of Interest.