Fossil Energy
UK: New scheme emerges for rapid decarbonisation of oil & gas assets with floating wind and hydrogen
A plan to accelerate the decarbonisation of oil & gas assets through a 200-turbine floating wind and hydrogen development has been revealed.
Equinor makes FID for $8bn Bacalhau Phase 1 project
Norwegian oil major Equinor, along with its partners, has decided to develop phase one of the Bacalhau field in the Brazilian pre-salt Santos area.
Equinor bites dust in Barents Sea well
Oil and gas giant Equinor has concluded the drilling of a wildcat well in the Barents Sea, but the well is dry.
New Vår Energi CEO formally takes over
The chief executive officer (CEO) role of oil and gas company Vår Energi has been formally taken over by Torger Rød, following the announcement of his appointment at the start of 2021.
OKEA to develop gas discovery as first Draugen tie-back
OKEA, Petoro, and Neptune Energy Norge have made the decision to develop the Hasselmus gas discovery as a subsea tie-back to Draugen.
Three60 Energy fills several senior roles
Energy services group Three60 Energy has made a series of senior appointments, hiring leading people from a who’s who of energy or energy services companies.
Velesto abandons sunken rig while progressing insurance claims
Malaysian rig owner Velesto Energy is progressing on the insurance claims and it has issued a notice of abandonment for its NAGA 7 rig, which tilted and submerged off Malaysia in May 2021. On 3 May 2021, an incident involving Velesto NAGA 7 drilling rig occurred due to the penetration of one of its
Heerema vessel removes Gulf of Mexico platform for Eni – gallery
Heerema Marine Contractors’ DCV Balder has completed the offshore removal of the Morpeth tension leg platform on behalf of Eni.
Borr upbeat about market amid strong tendering and contracting activity
Borr Drilling is optimistic and encouraged by signs of shallow water rig market recovery amid strong tendering and contracting activity.
PGS begins data rejuvenation project offshore Cyprus
Petroleum Geo-Services (PGS) has commenced the first phase of the Cyprus Vision data rejuvenation project in partnership with the Cypriot Ministry for Energy, Commerce and Industry. The 14,750 square kilometer PSDM re-processing endeavor will deliver a single data volume over several highly prospect
FAR and Woodside on track to finalize Sangomar deal
Australia’s FAR Limited is on track to complete the sale of its interest in the RSSD project, which contains the Sangomar field, to Woodside.
Equinor set to drill Norwegian Sea wildcat
Norwegian oil major Equinor has been given a drilling permit to drill a new wildcat well in the Norwegian Sea, offshore Norway.
Green light for Archer to close DeepWell takeover
Oilfield services provider Archer has received approval from a competition regulator in Norway for the acquisition of DeepWell.
Biden budget to support BSEE with over $253 million
The Biden administration has submitted to Congress the budget for the fiscal year 2022, which includes $253.4 million to support the Bureau of Safety and Environmental Enforcement (BSEE).