Fossil Energy
Oil & gas after 2020: Will the latest downturn lead to permanent transformation?
Following its third price collapse in 12 years, the oil and gas industry may be facing a period of transformation. The industry managed to recover from the previous two downturns and continue with business as usual, but this time it seems the recovery might look a bit different from the ones before.
PGS wraps up seismic campaign offshore Angola
Norwegian seismic player PGS has completed its 2020 acquisition campaign in Angola’s Namibe Basin. The vessel Ramform Sovereign has completed the project offshore Angola using multisensor GeoStreamer technology. PGS noted that it has achieved operational and geological objectives successfully and sa
Former U.S. Ambassador to Russia rejoins Chevron board
U.S. energy major Chevron has re-elected one of its previous directors to the board of directors and two committees.
Neptune Energy starts drilling Bue well off Norway
Oil and gas company Neptune Energy has started drilling the Bue well on the offshore Fenja field in the Norwegian Sea.
Petrobras reports excellent productivity from Jupiter test
Oil major Petrobras has completed the drill stem test in the area of the Jupiter discovery, located in the Santos Basin pre-salt offshore Brazil.
Sempra LNG tests interest for Hackberry gas storage project
Sempra LNG, a unit of Sempra Energy, started a non-binding open season to solicit interest for firm natural gas storage service at the proposed Hackberry gas storage project to be located in Hackberry, Louisiana.
GC Rieber in fleet management deal with OSM
Oslo-listed GC Rieber Shipping and OSM Maritime Group (OSM) have entered into an agreement for fleet management services. Specifically, the deal includes business transfer from GC Rieber to OSM of all technical, crewing and support functions in Bergen. OSM will also establish a new wholly-owned ship
Western Australia: EPA approves NWS LNG backfill project
Western Australia’s Environmental Protection Authority has recommended Waitsia gas project stage 2 for environmental approval.
ExxonMobil boasts new oil discovery offshore Guyana
Oil major ExxonMobil has made its 18th discovery offshore Guyana at the Redtail-1 exploration well.
Barrier deficiencies force Equinor to drill fresh Martin Linge wells
Equinor has decided to drill new wells on its operated Martin Linge field, located offshore Norway, due to barrier deficiencies discovered in previous wells.
McDermott makes use of Ampelmann system in India
Ampelmann has signed a contract with offshore engineering and construction company McDermott for the provision of an Ampelmann system in India.
Rystad: Europe could invest $35 billion in CCS by 2035
After many years of expensive carbon capture and storage (CCS) studies and test centres, Europe has reached a point where big-scale developments are financially sensible, a Rystad Energy analysis shows.
Chariot boosts Anchois offshore gas field resource estimate by 148pct
Oil and gas exploration company Chariot Oil & Gas has revealed that its Lixus license offshore Morocco, which contains the undeveloped Anchois gas discovery, could potentially hold more gas than previously thought.
OFG buys CSEM capability from PGS
PGS and Ocean Floor Geophysics (OFG) have signed an agreement under which OFG has acquired the exclusive rights to use the hardware, software and intellectual property associated with the PGS towed streamer CSEM system. Oslo-listed PGS receives shares in Canada-based OFG as settlement for the transa