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Fossil Energy

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Prinos is situated in the vicinity of Kavala NE Greece operated by Energean; Source: EnEarth
Fossil Energy

Sale of oil & gas assets with $945 million price tag falls through

Energean has severed the divestment cord for its asset portfolio in Egypt, Italy, and Croatia, worth $945 million, as key regulatory pieces have not been put in place within the agreed timeline.

about 1 year ago
Noble Resolute; Source: Petrogas
Fossil Energy

Noble rig instrumental to Petrogas’ gas extraction ‘milestone’ in Dutch waters

Petrogas has tucked a new natural gas extraction achievement under its belt off the coast of the Netherlands, thanks to drilling operations undertaken with one of Noble Corporation’s harsh environment jack-up rigs.

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about 1 year ago
Kongsberg
Fossil Energy

TEN orders 9 eco-friendly shuttle tankers in South Korea for Petrobras charter

South Korea’s major Samsung Heavy Industries (SHI) has clinched a ‘major’ contract worth KRW 1.9 trillion (approximately $1.34 billion) for the construction of nine environmentally friendly DP2 Suezmax shuttle tankers. As disclosed in a stock exchange filing by SHI, the newbuilds are due for deliver

about 1 year ago
FPSO Petrojarl I; Courtesy of Amplus Energy
Fossil Energy

UK contractor chosen to oversee 1986-built FPSO’s transition as new owner takes over

Amplus Energy has picked V.Ships Offshore to handle the change in ownership for a 39-year-old FPSO.

about 1 year ago
Illustration; Source: Offshore Energies UK (OEUK)
Fossil Energy

‘Pragmatic’ offshore energy investment policy key to ensure UK’s supply chain stays put

With research showing that nine out of ten companies perceive business playgrounds in other countries as better suited for investment and growth, Britain’s trade body for the offshore energy industry, Offshore Energies UK (OEUK), has warned the UK government about the looming uncertainty surrounding

about 1 year ago
Subsea7 and Solstad vessel to reach 20 years of collaboration as new contract comes in
Fossil Energy

Subsea7 and Solstad vessel to reach 20 years of collaboration as new contract comes in

A subsea vessel owned by Norwegian shipping company Solstad Offshore has secured another contract with Subsea7, extending its work for the company for another two years, potentially longer. Normand Subsea, a versatile inspection, maintenance, and repair (IMR) vessel, has been on contract with Subsea

about 1 year ago
Saipem's Scarabeo 8 semi-submersible rig; Source: Var Energi
Fossil Energy

Saipem rig cleared to spin the drill bit in Norwegian waters

Aker BP has secured a drilling permit for an exploration well in the Norwegian Sea off the coast of Norway, which is slated to be drilled this month using a semi-submersible rig owned by Italy’s Saipem.

about 1 year ago
A floating production storage and offloading (FPSO) unit
Fossil Energy

Eni looking to rebalance portfolio by divesting stakes in West African assets to Vitol for $1.65B

Italy’s energy giant Eni has reached an agreement with energy and commodities company Vitol to sell a portion of interests in certain assets it owns in Cote d’Ivoire and the Republic of Congo.

about 1 year ago
FPSO Triton; Source: Dana Petroleum
Fossil Energy

Restart hold-up ratchets up UK oil & gas firm’s ‘frustrations’ with North Sea FPSO’s performance

Serica Energy has disclosed a delay in resuming production from its assets in the North Sea, as more time is needed to fix the issue hampering a floating production, storage, and offloading (FPSO) vessel’s performance on the UK Continental Shelf (UKCS).

about 1 year ago
Akçakoca platform; Source: Trillion Energy
Fossil Energy

Wheels up to up hydrocarbon production ante at giant gas field offshore Türkiye

Trillion Energy is working on implementing solutions to bolster and maintain natural gas production in the long run at its giant field offshore Türkiye, with a gas lift compressor system.

about 1 year ago
Offshore platform and vessel
Fossil Energy

Ukraine stocking up on US LNG thanks to deal with Orlen

Poland’s Orlen Group has signed a liquefied natural gas (LNG) supply contract with Ukraine’s state-owned energy company Naftogaz.

about 1 year ago
A floating storage regasification unit
Fossil Energy

Italian FSRU gets new 20-year lease on life

Italy’s floating regasification terminal operator OLT Offshore LNG Toscana, controlled by Snam and Igneo Infrastructure Partners, has secured a 20-year extension for its floating storage and regasification unit (FSRU) moored off the coast of Livorno.

about 1 year ago
An LNG carrier at dock
Fossil Energy

Seapeak pondering sale of three newly laid up steam LNG carriers

Seapeak Maritime, an independent owner-operator of liquefied natural gas (LNG) vessels, is considering selling three steam-turbine LNG carriers from its fleet that are in lay up. As disclosed in Seapeak’s annual report, three steam turbine LNG carriers–out of seven from its fleet–were placed in layu

about 1 year ago
Argeo concludes longer-than-expected task for TotalEnergies offshore Namibia
Fossil Energy

Argeo concludes longer-than-expected task for TotalEnergies offshore Namibia

Norwegian subsea service provider Argeo has completed a project offshore Namibia on behalf of French multi-energy major TotalEnergies, with its vessel now demobilizing. Argeo completed its work at TotalEnergies’ Venus project in Namibia’s Orange Basin under a $39 million contract announced in April

about 1 year ago