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Fossil Energy

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VARD starts building Island Offshore's hybrid ocean energy construction vessel, second one to follow in July
Fossil Energy

VARD starts building first Island Offshore hybrid ocean energy construction vessel, second to follow in July

Norwegian shipbuilder VARD has cut the first steel for the first hybrid power ocean energy construction vessel (OECV) it is building for compatriot shipping group Island Offshore. The steel cutting that marks the official start of construction for the first newbuild OECV, named Island Evolution, too

about 1 year ago
Denmark: TotalEnergies, Mitsui and CarbonCuts in the run for CO2 storage in coastal areas
Fossil Energy
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Denmark: TotalEnergies, Mitsui and CarbonCuts in the run for coastal CO2 storage permits

The Danish Energy Agency has received two applications in the tender for permits to explore and use the subsurface for CO2 storage in three coastal areas in Denmark, launched at the beginning of 2025. The tender, opened on January 9, covers three areas near the Danish coast – Jammerbugt, Lisa and In

about 1 year ago
Transocean Barents rig; Source: OMV Petrom
Fossil Energy

WATCH: Transocean rig on its way to kick off 10-well drilling gig

One of the semi-submersible rigs, owned by Transocean, is on the move to reach an offshore site where it will embark on a multi-well drilling campaign to unlock natural gas from a project in the Black Sea.

about 1 year ago
A vessel next to a larger vessel
Fossil Energy

Norwegian firm moves to become sole owner of Avenir LNG

After finalizing the acquisition of 95% of the shares of the UK-based midstream LNG & BioLNG company Avenir LNG, Stolt-Nielsen, a Norway-based company specializing in chemical and bulk liquid transportation and storage, has disclosed its intention to buy the latter’s remaining shares.

about 1 year ago
Ursula von der Leyen, President of the European Commission; Image credit: World Economic Forum
Fossil Energy

EU invites input for workforce transition from oil & gas to renewables

The European Commission is pushing for a workforce shift as part of its Clean Industrial Deal, encouraging offshore oil and gas workers to transition into renewables, mainly offshore wind and ocean energy. Commission President, Ursula von der Leyen said: “Here we need your input. For example, on how

about 1 year ago
Eighth call for CO2 storage offshore Norway opens for applications
Fossil Energy

Eighth call for CO2 storage offshore Norway opens for applications

The Norwegian Ministry of Energy is inviting interested parties to apply for CO2 storage exploration licenses related to one area on the Norwegian Continental Shelf (NCS), representing the eighth time such acreage is announced on NCS. The announcement was made on March 5 for the area that comprises

about 1 year ago
Deepsea Atlantic semi-submersible rig; Credit: Odfjell Drilling
Fossil Energy

Norway sheds more light on recent gas/condensate discovery

After a new hydrocarbon discovery at a prospect off the coast of Norway, which was drilled with a semi-submersible rig owned by Odfjell Drilling, the Norwegian Offshore Directorate (NOD) has disclosed more information about the latest gas/condensate find in the Norwegian Sea.

about 1 year ago
Two contracts for huge Black Sea gas project reel in $10 million for Expro
Fossil Energy

Two contracts for huge Black Sea gas project reel in $10 million for Expro

U.S.-headquartered energy services provider Expro has secured two contracts with Southeastern Europe’s integrated energy player OMV Petrom worth over $10 million for what is said to be the largest natural gas project in the Romanian Black Sea. The contracts described as major involve Expro’s subsea

about 1 year ago
Several men standing inside of a large metal tank
Fossil Energy

GTT to design tanks for Asian shipowner’s LNG newbuild pair

An Asian shipyard has placed an order with French technological containment specialist Gaztransport & Technigaz (GTT) for the tank design of two new liquefied natural gas carriers (LNGCs) it is building for an Asian shipowner.

about 1 year ago
Three-year seismic capacity reservation deal expands Shearwater and TotalEnergies’ collab
Fossil Energy

Three-year seismic capacity reservation deal expands Shearwater and TotalEnergies’ collab

Norwegian marine geoscience and technology company Shearwater GeoServices and France’s energy giant TotalEnergies have expanded their collaboration with the signature of a three-year firm capacity reservation agreement (CRA) for global marine seismic streamer acquisition services. The CRA is said to

about 1 year ago
A man seen from behind looking at the sea
Fossil Energy

Petrofac eyes April restructuring date as convening hearing is postponed

UK-headquartered oilfield services provider Petrofac has provided an update on its proposed financial restructuring.

about 1 year ago
Trion FPU concept image
Fossil Energy

Award of fiber optic contract brings remote ops to Mexican deepwater oil project

Tampnet, a Norway-headquartered provider of offshore high-capacity and low-latency connectivity services, has secured a fiber optic project and long-term service contract with Woodside Energy that will enable remote operations at an oil project in the Gulf of Mexico/America. The fiber-based connecti

about 1 year ago
A woman smiling
Fossil Energy

Upstream director out the door as Shell seeks to ‘delayer’ top management

UK-headquartered energy giant Shell has announced leadership changes, including the stepping down of its Integrated Gas and Upstream Director.

about 1 year ago
COSL Pioneer rig; Source: COSL
Fossil Energy

Third time not the charm as another well comes up dry in same North Sea area

Norwegian oil and gas player Vår Energi has found no hydrocarbons in an exploration well located in the North Sea off the coast of Norway.

about 1 year ago