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Fossil Energy

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Oil & GasBusiness & FinanceBusiness Developments & ProjectsExploration & ProductionGreen MarineVesselsAuthorities & GovernmentEnvironmentRegulation & PolicyLow-Carbon TransitionRules & RegulationSubseaVessels & VehiclesTransitionRegulations & PolicySafetyTechnologyInfrastructureFPSO & VesselsRigs
Subsea template installation for Halten East; Source: Equinor
Fossil Energy

More Norwegian gas for Europe as first segment of two-phase development comes online

Equinor has kicked off production from the first chapter of a gas and condensate project off the coast of Norway, which is envisioned to encompass multiple discoveries developed in two phases.

about 1 year ago
Navigator Gas
Fossil Energy

Navigator Gas completes triple ethylene carrier acquisition

Navigator Gas has completed the acquisition of the final two of three new 17,000 cbm liquefied ethylene gas (LEG) carriers.

about 1 year ago
Stena Immaculate tanker pictured on March 12, 2025; Credit: UK's Maritime and Coastguard Agency
Fossil Energy

Pollution ‘no cause for concern’ after oil tanker-cargo ship North Sea allision, UK says

Following a collision between a U.S.-flagged oil/product tanker and a Portuguese container ship in the North Sea, the UK’s Maritime and Coastguard Agency has maintained that it does not foresee a damaging pollution effect from the tanker.

about 1 year ago
Prinos is situated in the vicinity of Kavala NE Greece operated by Energean; Source: EnEarth
Fossil Energy

$945 million sale deal for ‘high-quality’ assets on shaky ground as uncertainty abounds

Energean has spotted potential clouds that are gathering on the divestment horizon for its portfolio in Egypt, Italy, and Croatia with an enterprise value (EV) of up to $945 million, of which $820 million is firm.

about 1 year ago
Kongsberg Maritime signs contract for the design of two multipurpose subsea vessels; Source: Kongsberg Maritime
Fossil Energy

Methanol-ready subsea vessel pair with battery hybrid tech lands on Kongsberg’s worksheet

Kongsberg Maritime has won a new design and equipment assignment for two multipurpose subsea vessels envisioned to be methanol-ready dual-fuel ships, sporting battery hybrid technology, which are set to be built for multiple purposes and optimized for advanced offshore operations under rough conditi

about 1 year ago
Several people standing in line on a vessel with Greek flag flying above them
Fossil Energy

HD Hyundai-built LNG carrier reflagged to Greece

Greece’s Capital Gas Ship Management has completed the registration process of a liquefied natural gas (LNG) carrier to the Greek registry.

about 1 year ago
Brage platform; Source: OKEA
Fossil Energy

Norwegian firm getting a stake in North Sea prospect ahead of drill-or-drop decision

OKEA and Aker BP have struck a deal, which enables the former to get an interest in a prospect the latter is contemplating to drill with the aim of finding more hydrocarbons in the North Sea off the coast of Norway.

about 1 year ago
Stena Immaculate tanker; Credit: Maritime and Coastguard Agency
Fossil Energy

Oil tanker stays put as cargo ship gets a tow: US and Portugal let UK spearhead North Sea allision probe

As a recent allision between a U.S.-flagged oil/product tanker and a Portuguese container ship in the North Sea keeps reverberating across the maritime industry, many conspiracy theories are making the rounds.

about 1 year ago
UK player revamps safety solution for offshore platform red zones
Fossil Energy

UK player revamps safety solution for offshore platform red zones

Salunda, a UK-headquartered firm specializing in red-zone safety monitoring technology, has launched a second-generation monitoring device aimed at improving safety during pipe handling on offshore drilling platforms.

about 1 year ago
North Sea
Fossil Energy

Total insured losses from North Sea containership-tanker allision to likely range between $100M to $300M

Total insured losses resulting from the allision between a Portuguese-flagged containership and a US-flagged tanker in the North Sea are anticipated to range between $100 million and $300 million for all coverages, according to a Canada-based global credit ratings agency.

about 1 year ago
Neptun Deep project's offshore platform simulation; Credit: OMV Petrom
Fossil Energy

New partner comes on board Black Sea block with drilling activities due in 2025

OMV Petrom has welcomed NewMed Energy Balkan, a subsidiary of Israel’s NewMed Energy, as its new partner in an offshore block in Bulgaria’s part of the Black Sea ahead of the upcoming hydrocarbon exploration activities, which are anticipated to start at the block this year.

about 1 year ago
FPSO Jotun; Source: Vår Energi
Fossil Energy

FPSO sets its sails toward North Sea project with oil production extension to 2045 in mind

Vår Energi has confirmed the tow-out of a floating production, storage and offloading (FPSO) vessel from the Worley Rosenberg yard to a field in the North Sea off the coast of Norway.

about 1 year ago
Selene prospect was drilled with the Valaris 123 jack-up rig; Source: Valaris
Fossil Energy

Shell’s North Sea gas discovery ‘commercially robust’ with FID on the cards for 2027

Shell is eyeing a field development plan (FDP) and a final investment decision (FID) in 2027 for its recent natural gas discovery in the North Sea, which is situated on the UK Continental Shelf (UKCS).

about 1 year ago
Cargo vessel crashed into MV Stena Immaculate oil tanker off the coast of the UK; Source: Greenpeace UK
Fossil Energy

With fire ‘greatly diminished,’ probe into oil tanker–cargo ship North Sea allision ongoing

A collision between a U.S.-flagged oil/product tanker and a Portuguese container ship in the North Sea, north of England, put both vessels on fire, which has since been brought under control.

about 1 year ago
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