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Fossil Energy

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Deep Value Driller drillship; Source: Deep Value Driller
Fossil Energy

Saipem keeping seventh-gen drillship longer in its rig fleet

Italy’s engineering, drilling, and construction services giant Saipem has prolonged the stay of a chartered seventh-generation drillship in its rig fleet.

about 9 months ago
Large-scale LNG plant within Sakhalin II project; Source: Gazprom
Fossil Energy

$11 billion investment agenda on Gazprom’s 2026 horizon

Russia’s energy giant Gazprom has received the blessing from its board of directors for its investment program and budget for next year, which is set at RUB 1.1 trillion (around $11 billion), a decrease from RUB 1.52 trillion (almost $15.22 billion) earmarked for 2025 and the spending of RUB 1.64 tr

about 9 months ago
Trident 16 rig; Source: Ministry of Petroleum and Mineral Resources – Egypt
Fossil Energy

Eni going full steam ahead with drilling campaign in Gulf of Suez

As the dash for gas off the coast of Egypt continues to run unabated, the country’s Minister of Petroleum and Mineral Resources has visited the drilling site of the first well in the drilling program, Italy’s energy giant Eni is currently undertaking in the Gulf of Suez with a rig owned by Shelf Dri

about 9 months ago
Chevron-operated Leviathan gas asset; Source: NewMed Energy
Fossil Energy

$35 billion gas export deal good to roll

A multibillion-dollar agreement for the export of natural gas from Israel to Egypt is locked and loaded, following the green light from the Israeli government.

about 9 months ago
Illustration; Source: Petronas
Fossil Energy

First of four wells in drilling campaign offshore Suriname checked off the list

Petronas Suriname, a subsidiary of Malaysia’s state-owned oil and gas company Petronas, has crossed the finish line for the first in a multi-well drilling campaign off the coast of Suriname.

about 9 months ago
Louisiana LNG
Fossil Energy

BOTAŞ and Woodside seal multi-year LNG deal

Türkiye’s state-owned Boru Hatları ile Petrol Taşıma Anonim Şirketi (BOTAŞ) has signed off on a long-term liquefied natural gas (LNG) agreement with Australia’s energy giant Woodside, which is expected to further diversify the energy mix and strengthen the security of supply for Türkiye.

about 9 months ago
PV Drilling IX drilling rig on a specialized transport ship arrived in Vung Tau, Ho Chi Minh City, on the morning of December 25, 2025; Source: PV Drilling
Fossil Energy

Drilling ops set for April: Rig ends nearly 13K-nautical mile journey from Europe to Asia

Vietnam’s Petrovietnam Drilling & Well Service Corporation (PV Drilling) has confirmed the arrival of a jack-up drilling rig to Southeast Asia, where it will embark on drilling activities next year.

about 9 months ago
Corpus Christi LNG Stage 3; Source: Cheniere
Fossil Energy

Fourth piece of Cheniere’s multibillion-dollar LNG puzzle crossing the finish line in Texas

U.S. energy player Cheniere Energy has tucked a new milestone under its belt at its liquefied natural gas (LNG) facility, with the substantial completion of the fourth train, which is part of its expansion project on the La Quinta Ship Channel, along the north shore of Corpus Christi Bay in Texas, U

about 9 months ago
Illustration; Source: Baker Hughes
Fossil Energy

Baker Hughes enhancing production at oil & gas fields in Middle East

Thanks to a deal with Kuwait Oil Company (KOC), the U.S.-headquartered energy technology giant Baker Hughes is on a mission to help boost production from oil and gas fields in Kuwait, Middle East.

about 9 months ago
UK-Slovenian partnership targets seabed data
Fossil Energy

UK-Slovenian partnership targets seabed data

UK-headquartered Ocean Geophysics and Slovenia-based HighTide have entered into a joint venture (JV) agreement to combine their seabed and data solutions for offshore wind, cable and pipeline installation, and oil & gas. As part of the partnership, the renewable energy industry suppliers will combin

about 9 months ago
Scarabeo 8 rig; Source: Saipem
Fossil Energy

Drilling ops with Saipem rig cleared for take-off in North Sea

Norwegian authorities have given their blessing for exploration drilling activities Norway’s oil and gas player Aker BP is planning to undertake in the North Sea on the Norwegian Continental Shelf (NOC), with a semi-submersible rig owned by Saipem, an Italian engineering, drilling, and construction

about 9 months ago
PSV Viking Princess; Source: Eidesvik
Fossil Energy

Oil & gas trio books Eidesvik’s 2013-built LNG-powered vessel

Norwegian offshore vessel owner Eidesvik Offshore has secured more work for one of its platform supply vessels (PSVs).

about 9 months ago
A man looking at a large vessel at sea
Fossil Energy

Korean player gets hold of interest in Asian offshore block ahead of oil & gas drilling ops

South Korea’s SK Earthon, the energy exploration and production (E&P) subsidiary of SK Innovation, has expanded its offshore acreage in Indonesian waters with a stake in a block, which is expected to see drilling activity before the year ends.

about 9 months ago
GMS Evolution vessel (for illustration purposes); Source: GMS
Fossil Energy

Middle East sends its calling card to GMS’ large-class vessel

Gulf Marine Services (GMS), a UAE-headquartered provider of self‐propelled, self‐elevating support vessels for the offshore energy sector, has landed a new long-term assignment for one of its large‐class vessels in the Middle East.

about 9 months ago
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