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Fossil Energy

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An offshore platform viewed from a rugged coastline
Fossil Energy

Hartshead seeks partners’ approval for revised offtake route in North Sea gas project

ASX-listed Hartshead Resources has submitted a program and budget for the development of a new gas export route from a production license situated on the United Kingdom Continental Shelf (UKCS) for approval to its partners in the P2607 joint venture (JV).

about 1 year ago
A vessel at sea at sunset
Fossil Energy

Celsius and Basalt’s two-vessel LNG fleet growing by one, possibly more

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  • 2044

UK-based investment firm Basalt Infrastructure Partners has signed a deal to add a newbuild liquefied natural gas (LNG) carrier to the existing LNG platform owned by its joint venture with Denmark’s Celsius Shipping.

about 1 year ago
Prinos
Fossil Energy

EnEarth secures millions in EU funding for Prinos CO2 project

The European Commission has earmarked a €~120 million CEF grant to support the development of a liquified CO2 receiving terminal at Prinos Carbon Storage located in the north of Greece.

about 1 year ago
Scana firm gets gig to deliver steel parts for subsea production systems
Fossil Energy

Scana firm gets gig to deliver steel parts for subsea production systems

Sweden-headquartered Subseatec, owned by Scana, has secured a frame agreement with an undisclosed client under which it will deliver steel parts for subsea production systems for a period of three years. As part of the frame agreement that will begin in Q1 2025, Subseatec will be the exclusive globa

about 1 year ago
LNG carrier (for illustration purposes); Source: GTT
Fossil Energy

GTT-COSCO collab sets out to strengthen LNG, ethane shipping sector

French LNG containment specialist GTT has signed a strategic cooperation agreement with China’s COSCO Shipping LNG Investment and COSCO Shipping Heavy Industries to explore joint development of LNG carriers, ethane carriers, floating LNG (FLNG) units., and crude carriers.

about 1 year ago
Deepsea Nordkapp rig; Source: Odfjell Drilling
Fossil Energy

Two drilling strikes in a row for Aker BP as another North Sea well comes up empty

Aker BP has drilled another dry well in the North Sea off the coast of Norway. The drilling activities were conducted by one of Odfjell Drilling’s semi-submersible rigs.

about 1 year ago
Transocean Barents rig is on drilling duty with OMV Petrom in Romanian Black Sea; Source: OMV Petrom
Fossil Energy

WATCH: Transocean rig preps to spin the drill bit on €4B gas project

With preparations one of the semi-submersible rigs, owned by Transocean, is undergoing in Constanta drawing to a close, a start-up date for a long-term drilling campaign on a natural gas project in the Black Sea is fast approaching.

about 1 year ago
Revised concept for North Sea gas project's offtake route; Source: Hartshead Resources
Fossil Energy

Tweaks to North Sea gas project’s concept encapsulate ‘far superior’ export route

Hartshead Resources has made changes to the gas offtake route for natural gas development in the UK sector of the North Sea and submitted the revised concept select report addendum (CSRA) to the North Sea Transition Authority (NSTA) on its own behalf as its joint venture (JV) partners did not back t

about 1 year ago
Hercules rig; Source: Odfjell Drilling
Fossil Energy

Legal spat over rig contract breach nearing its end with Seadrill ordered to pay SFL $48 million

A court order is bringing a legal battle over an alleged contract breach to a close by instructing Bermuda-headquartered offshore drilling contractor Seadrill to pay a multimillion-dollar compensation to the owner of a semi-submersible rig, which was hired under the contract that sparked the dispute

about 1 year ago
Eni entrusts Well-Safe Solutions rig with more work
Fossil Energy

Eni entrusts Well-Safe Solutions rig with more decommissioning work

Aberdeen-based decommissioning services provider Well-Safe Solutions has received a further contract extension from Italy’s energy giant Eni to decommission selected subsea and platform wells across a portfolio of projects in the Dutch North Sea. Eni recently exercised another 90-day option for the

about 1 year ago
Shell's FPSO Penguins; Source: Sevan
Fossil Energy

Shell’s new North Sea FPSO brings UK’s oil & gas field back online

Shell has put into operation mode its first new FPSO in the North Sea after more than two decades have gone by since its previous one.

about 1 year ago
Vår Energi's precommitment to subsea systems to cut tie-back development time by up to one year
Fossil Energy

Vår Energi’s precommitment to subsea systems to cut tie-back development time by up to one year

Norwegian oil & gas company Vår Energi has signed a pre-commitment agreement with OneSubsea, a joint venture (JV) backed by SLB, Aker Solutions and Subsea7, for the delivery of subsea production systems (SPS), a move expected to shorten subsea tie-back development time by up to one year. Under the S

about 1 year ago
FPSO Petrojarl Knarr for Equinor's Rosebank oil field in UK waters; Source: Aker Solutions
Fossil Energy

Multi-billion projects at stake: Another blow for UK’s largest untapped oil & gas duo but Shell, Equinor, and Ithaca remain upbeat

Which side will come on top is not yet clear, but it is unlikely that either will throw in the towel at this late stage in the UK’s oil and gas saga without a fight.

14 minutes read
Offshore platform machinery
Fossil Energy

Rig quartet off Guyana to feature ‘world first’ safety tech combination

Salunda, a UK-headquartered firm specializing in red-zone safety monitoring technology, has joined forces with Norway’s Intellilift to install a solution aimed at enhancing the safety of critical equipment and personnel on four drilling platforms offshore Guyana.

about 1 year ago