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Fossil Energy

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Valaris DS-12 drillship; Source: Valaris
Fossil Energy

BP reiterates its plans to bolster investment in Egyptian oil & gas scene

UK-headquartered energy giant BP has reaffirmed its investment boost in the natural gas exploration and production agenda in the Mediterranean Sea off the coast of Egypt.

about 8 months ago
FPSO Agogo; Source: Yinson Production
Fossil Energy

Exclusive interview with Yinson Production: Deepwater plays setting the stage for ‘robust’ FPSO and FSO market dynamics

With Brazil, West Africa, Southeast Asia, and Namibia at the heart of its expansion quest and its frontier push revolving around carbon capture and low-carbon moves, Malaysia’s Yinson Production, a subsidiary of Kuala Lumpur-based energy infrastructure and technology company Yinson, has set its cap

about 8 months ago
Höegh Gandria; Source: Höegh Evi
Fossil Energy

LNG vessel comes to Seatrium’s yard for new lease on life as Egypt-bound FSRU (Gallery)

Höegh Evi, a Norwegian owner and operator of liquefied natural gas (LNG) carriers and floating storage and regasification units (FSRUs), has confirmed the arrival of an LNG carrier (LNGC) at a yard in Singapore, where it will undergo transformation to turn into an FSRU destined for deployment in Egy

about 8 months ago
Illustration; Source: Wood Mackenzie
Fossil Energy

Oil oversupply risks and global crude trade realignment loom with Venezuela’s regime change

As Venezuela faces a regime change, the country’s production recovery is staring at a decade-long timeline despite near-term supply gains, according to Wood Mackenzie, an energy intelligence group, which believes that additional Venezuelan barrels could pressure Brent prices below mid-to high $50 pe

about 8 months ago
Illustration; Source: Borr Drilling
Fossil Energy

Borr Drilling’s rig duo finds more work in US and Mexico

Bermuda-based offshore drilling contractor Borr Drilling has won a new assignment in the United States (U.S.) with an undisclosed operator for one premium jack-up rig and a contract extension with Italy’s Eni for another off the coast of Mexico.

about 8 months ago
Noble Venturer drillship; Source: Noble Corporation
Fossil Energy

One well due online soon as drilling ops start at another with four more to follow suit off Africa

UK-headquartered Tullow Oil, an independent energy company with operations in West Africa, is set on bringing on stream a recently completed well shortly at an oilfield off the coast of Ghana, which was drilled with a drillship owned by Noble Corporation, a U.S.-based offshore drilling giant. The fi

about 8 months ago
Northern Lights
Fossil Energy

Northern Lights gig lands on ABL’s plate

Oslo-listed global consultancy ABL Group has been hired for work on the second phase of Northern Lights, part of the Longship full-scale carbon capture and storage (CCS) project in Norway.

about 8 months ago
Hail and Ghasha island under construction; Source: ADNOC
Fossil Energy

$11 billion financing in place for giant offshore gas project

ADNOC, in partnership with Italy’s Eni and Thailand’s PTT Exploration and Production Public Company (PTTEP), has secured a structured financing transaction of up to $11 billion (AED 40.4 billion) for its multibillion-dollar big sour gas development, which is set on becoming the world’s first project

about 8 months ago
TechnipFMC illustration
Fossil Energy

TechnipFMC scores a win with BP offshore US

TechnipFMC has secured an integrated engineering, procurement, construction, and installation (iEPCI) contract by BP for a greenfield development in the Gulf of America (the U.S. Gulf of Mexico). The contract for the 20,000 psi (20K) Tiber project has been defined as large, which TechnipFMC says is

about 8 months ago
Transocean Enabler rig at sea
Fossil Energy

Transocean rig pair picks up multimillion-dollar gigs with BP and Equinor

Transocean, an offshore drilling giant, has secured more drilling work for two mobile offshore drilling units (MODUs) off the coasts of Brazil and Norway.

about 9 months ago
South N’dola platform in Angola; Source: Chevron
Fossil Energy

Chevron achieves first oil offshore Angola two years after platform construction start-up

Cabinda Gulf Oil Company (CABGOC), a subsidiary of the U.S.-headquartered energy giant Chevron, has put into production mode a new oil platform off the coast of Angola just over two years after construction on the platform began.

about 9 months ago
MoU signing ceremony; Source: Egypt's Ministry of Petroleum and Mineral Resources
Fossil Energy

More LNG for Egypt as new deal strengthens energy and gas ties with Qatar

With the aim of bolstering its liquefied natural gas (LNG) arsenal, Egypt has fortified its bonds with Qatar within the energy and natural gas domains through a memorandum of understanding (MoU) between the Egyptian Natural Gas Holding Company (EGAS) and QatarEnergy, the Persian Gulf state’s heavywe

about 9 months ago
Scottish firm to deliver 60-ton subsea structure to Norwegian oil & gas operator
Fossil Energy

Scottish firm to deliver 60-ton subsea structure to Norwegian oil & gas operator

Scotland-headquartered engineering and design company T12 Engineering is set to design and manufacture a 60-ton subsea modular structure for a Norwegian oil & gas operator. Under the contract defined as major, T12 Engineering will project manage the engineering, procurement, and construction (EPC) o

about 9 months ago
FLNG MKII design with 3.5 mtpa; Source: Golar LNG
Fossil Energy

Chinese firm places order with TMC for Golar’s FLNG

Norway-based TMC Compressors has been tasked with the provision of a complete marine compressed air system for a floating liquefied natural gas (FLNG) facility, which China’s CIMC Raffles is constructing for Golar LNG, the Bermuda-headquartered owner and operator of LNG midstream infrastructure.

about 9 months ago
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