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Fossil Energy

Chevron shuts in Tamar gas field amid unrest in Israel

Chevron has shut down production at its Tamar field located offshore Israel amid escalating violence and tensions in the region.

about 5 years ago

Fossil Energy

Shelf Drilling sees encouraging signs of improving jack-up market

Shelf Drilling is seeing encouraging signs of an improving jack-up market with an increase in the global number of contracted jack-ups.

about 5 years ago

Platinum Explorer drillship - Vantage Drilling

Fossil Energy

Vantage finds more work for its rigs

Vantage Drilling has been awarded several new contracts, which will see its rigs operate in South East Asia, Middle East, and Africa.

about 5 years ago

Fossil Energy

In focus: Recent developments in the energy transition race

With the In focus column, Offshore Energy delivers a weekly snapshot containing the most relevant energy transition items.

about 5 years ago

Fossil Energy

Shelf Drilling clinches 10-year rig job

Shelf Drilling has secured a ten-year contract extension for a jack-up rig in direct continuation of its current contract in the Arabian Gulf.

about 5 years ago

Drillships acquired by Noble Corp. through Pacific Drilling takeover

Fossil Energy

Noble Corp. shares Transocean’s optimism about market outlook

Just like its rival Transocean, Noble Corp. is optimistic about the outlook with a pipeline of tender opportunities on the horizon.

about 5 years ago

Fossil Energy

Valaris hauls in sixteen new contracts and extensions

The now restructured and debt-relieved offshore drilling contractor Valaris has been awarded sixteen new contracts and extensions with more than a dozen different oil and gas companies.

about 5 years ago

Ocean Harvesting Technologies’ wave energy technology

Fossil Energy

In focus: In pursuit of carbon-neutrality – the holy grail of energy transition

In this week’s edition of our In Focus article, we take a deep dive into the most relevant developments from the energy world targeting emission cuts. In the Fossil Fuels market, oil and gas company Lundin Energy sold what has been described as the world’s first-ever certified carbon neutrally produ

about 5 years ago

Fossil Energy

Lamprell wins drilling jackets deal with Saudi Aramco

Offshore construction specialist Lamprell has been awarded an engineering, procurement, construction and installation (EPCI) contract by Saudi Aramco.

about 5 years ago

Eidesvik Offshore's service operations vessel Acergy Viking

Fossil Energy

In focus: Energy and shipping sectors in symbiosis for net-zero

Offshore Energy continues with its new In focus weekly feature, spotlighting the latest energy transition developments, after our first edition went online on 16 April. Following last week’s news on the U.S. oil giant Chevron’s entrance into the offshore wind market and note that the company has not

about 5 years ago

Fossil Energy

Rystad downgrades peak oil demand to 101.6 million bpd in 2026

Rystad Energy has downgraded its peak oil demand forecast to 101.6 million bpd in 2026 as a result of electrification in transport.

about 5 years ago

Fossil Energy

In focus: Piecing together the energy transition puzzle

The offshore energy sector is currently going through a major change with the energy transition and sustainability as a driving force.

about 5 years ago

Photo of the Vyacheslav Tikhonov (Courtesy of PXGEO)

Fossil Energy

PXGEO buys Vyacheslav Tikhonov vessel from Polarcus

PXGEO Seismic Services has entered into binding agreement to acquire Vyacheslav Tikhonov vessel from its current owner Polarcus, subject to the sanction of the Grand Court of the Cayman Islands.

about 5 years ago

Fossil Energy

Polarcus agrees standstill and settlement terms with lenders

Marine seismic company Polarcus has agreed standstill and settlement terms with its lenders who have committed to refrain from exercising any further security interests over the Polarcus Group or their assets.

about 5 years ago