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Fossil Energy

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FPSO Penguins; Source: Wood
Fossil Energy

Multimillion-dollar job across Shell’s assets keeps Wood busy in UK

Wood is staying for two more years on duty with Shell, thanks to a contract extension, which covers the British oil major’s onshore and offshore portfolio in the United Kingdom.

about 1 year ago
A vessel at sea
Fossil Energy

Centrica to supply Petrobras with LNG until 2040s

Brazil’s state-owned energy giant Petrobras has signed a long-term purchase and sale agreement for liquefied natural gas (LNG) with the U.K.-based energy company Centrica.

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about 1 year ago
Nord Stream 2 could be repurposes for hydrogen and LNG, says Swiss StreamTec Solutions
Fossil Energy

Nord Stream 2 could be repurposed for hydrogen and LNG, says Swiss StreamTec Solutions

The Nord Stream 2 gas pipeline that connects Russia and Germany through the Baltic Sea suffered damage in September 2022 following an explosion. StreamTec Solutions, a company formed from the management team of the Nord Stream pipelines, has conducted research on the current condition of Nord Stream

about 1 year ago
Valaris DPS-5 rig; Source: Lukoil
Fossil Energy

Valaris pensions off semi-sub trio, offloads jack-up, and picks up new drilling work for multiple rigs

Valaris has taken steps to optimize its rig fleet by deciding to put three semi-submersible units out of drilling work for good and divest a stacked jack-up rig. The rig owner has also won a new batch of drilling assignments spanning geographies.

about 1 year ago
Stella Maris CCS; Source: Altera Infrastructure
Fossil Energy

Yinson Production broadens its carbon capture and storage horizons with Stella Maris CCS buy

Yinson Production has opened itself up to new decarbonization inroads with the acquisition of Norway-based Stella Maris carbon capture and storage (CCS) business that aims to unlock large-scale floating collection, transport, and offshore storage of CO2.

about 1 year ago
FPSO Petrojarl I; Source: Altera Infrastructure
Fossil Energy

39-year-old FPSO ready for redeployment as it changes hands

A 1986-built floating production, storage, and offloading (FPSO) vessel, seen as capable of supporting early-phase and tail-phase production at offshore oil fields given its experience to date, is getting a new owner, which intends to find a new job for the unit in regions such as Vietnam, Suriname,

about 1 year ago
Illustration; Source: Scana-owned Seasystems
Fossil Energy

Multimillion-dollar FLNG mooring deal ends up in Scana’s workbook

Norway-based Seasystems, a Scana-owned mooring solutions business for floating structures, has received a new order to deliver mooring equipment for a floating liquefied natural gas (FLNG) project to an undisclosed company.

about 1 year ago
Tungsten Explorer drillship; Credit: Greg Williams
Fossil Energy

TotalEnergies and Eni sign on dotted line for Cyprus gas exports through Egypt

TotalEnergies and Eni have struck a deal with Cyprus and Egypt to develop a gas discovery named after the god of time in ancient Greek mythology by exporting the natural gas from the field off the coast of Cyprus through Egypt.

about 1 year ago
Safe Concordia; Source: Prosafe
Fossil Energy

Prosafe months away from saying goodbye to 2005-built vessel

Prosafe has taken steps to sell one of its accommodation, safety, and support semi-submersible vessels to an undisclosed buyer.

about 1 year ago
Dana-operated FPSO Triton lies approximately 6 km to the northeast in the UK Central North Sea; Source: Tailwind Energy
Fossil Energy

North Sea FPSO production restart on the cards next month following storm-induced damage

Serica Energy has confirmed the new timeline for the resumption of production at its assets in the North Sea, which are tied back to an existing floating production, storage, and offloading (FPSO) vessel, operated by Dana Petroleum, on the UK Continental Shelf (UKCS).

about 1 year ago
Gasum
Fossil Energy

Gasum, Sirius Shipping order LNG, bio-LNG bunker vessel in Türkiye

Nordic energy company Gasum and Swedish shipping company Sirius Shipping have placed an order for 7,800 cbm liquefied natural gas (LNG) and bio-LNG bunker vessel at RMK Marine shipyard in Türkiye.

about 1 year ago
Aerial view of a port area
Fossil Energy

Diversification of Dutch gas supply key to avoiding geopolitical pressure, says local player

According to the Netherlands-headquartered Traffic Family, the country needs to diversify its gas supply to boost energy security and decrease its susceptibility to geopolitical pressure.

about 1 year ago
Chevron secured Stena Drilling’s Stena Forth drillship for a decommissioning campaign in the Mediterranean Sea offshore Israel a few years ago, alongside an option for a well offshore Cyprus; Source:
Fossil Energy

Aphrodite rising as Chevron, Shell, NewMed and Cyprus give the go-ahead for tweaked gas development plan

Chevron and its partners, BG Cyprus (Shell) and NewMed Energy, have given their blessing, together with the government of Cyprus, for an updated development plan of an offshore gas field reservoir in Block 12 located in the Eastern Basin of the Mediterranean Sea.

about 1 year ago
David Whitehouse CEO, Offshore Energies UK (OEUK)
Fossil Energy

OEUK pushes for UK carbon capture funding amid budget concerns

Britain’s trade body for the offshore energy industry Offshore Energies UK (OEUK) has urged the UK government to stay committed to supporting additional carbon capture, usage, and storage (CCUS) projects as concerns mount over potential funding cuts in the upcoming comprehensive spending review (CSR

about 1 year ago