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Fossil Energy

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A North Sea platform
Fossil Energy

Tenaz gains access to ‘highly prospective’ North Sea gas assets in $244M deal

Canada’s public energy company Tenaz Energy has acquired a private company holding interests in an offshore development on the border between the Dutch and German sectors of the North Sea.

about 11 months ago
A processing plant by the sea
Fossil Energy

Safety overhaul underway at Equinor’s Barents Sea LNG plant after incident probe

Following an internal investigation of an accident at its liquefied natural gas (LNG) facility, Norway’s state-owned energy giant Equinor has introduced measures to prevent similar incidents from happening in the future.

about 11 months ago
QatarEnergy expands exploration footprint offshore Egypt; Source: QatarEnergy
Fossil Energy

QatarEnergy widens its oil & gas exploration acreage by joining Shell’s block offshore Egypt

Qatar’s state-owned energy giant QatarEnergy has set the wheels in motion to get a stake in an exploration block off the coast of Egypt.

about 11 months ago
Two ship side by side
Fossil Energy

Hanwha conducts pioneering LNG transfer between ships under sea trials

Hanwha Ocean has completed what it says is the world’s first ship-to-ship(STS) transfer of liquefied natural gas (LNG) between vessels under sea trials.

about 11 months ago
Illustration; Source: Europa Oil & Gas
Fossil Energy

PSC extension in hand: Farm-out and drilling plans moving forward for African oil & gas block

UK-headquartered and AIM-listed oil and gas company Europa Oil & Gas has confirmed that the final details are being ironed out for an extension of a production sharing contract (PSC) covering a block off the coast of Equatorial Guinea.

about 11 months ago
Scarabeo 9 rig at sea
Fossil Energy

Eni restarts Libya drilling after five years using Saipem’s rig

Eni North Africa, the affiliate of Italy’s oil and gas giant Eni, has resumed its offshore exploration activities northwest of Libya.

about 11 months ago
First steel strike ceremony for FPSO Gato do Mato at COSCO Qidong Shipyard; Source: MODEC
Fossil Energy

MODEC: Pieces of Shell’s Brazil-bound FPSO puzzle continue to slide into place

Japan’s MODEC is making headway in the construction of a floating production, storage, and offloading (FPSO) unit destined for a field offshore Brazil, operated by the Brazilian subsidiary of the U.K.-headquartered energy giant Shell.

about 11 months ago
Illustration: Source: Wood Mackenzie
Fossil Energy

50% oil & gas North Sea boost on the UK’s table with cost savings and net zero within reach

With the United Kingdom’s government currently at a crossroads as it faces a critical decision over banning new North Sea exploration licenses or embracing a so-called science-backed approach that curbs emissions, Wood Mackenzie, an energy intelligence group, has pointed out that such a decision cou

about 11 months ago
FPSO P-63; Source: Petrobras
Fossil Energy

Brazilian offshore oil asset pair turning off the taps next month for scheduled maintenance

The production mode at two oil-producing assets off the coast of Brazil is weeks away from being switched off, enabling operators to undertake planned maintenance activities in their chosen Campos Basin fields.

about 11 months ago
Zandolie renewably-powered platform; Source: DeNovo, now Proman Energy
Fossil Energy

Trinidad and Tobago’s gas producer rebrands to align with Proman family of companies

Proman’s upstream company, DeNovo Energy, has changed its name to Proman Energy to bring its identity in alignment with the integral role of the parent company’s upstream business, ensuring greater visibility across its integrated value chain.

about 11 months ago
A rig offshore
Fossil Energy

Australia’s energy backbone: Oil & gas firms set to boost tax revenue with $21.9 billion

While emphasizing that oil and gas companies are among Australia’s largest corporate taxpayers, Australian Energy Producers (AEP), representing the country’s upstream oil and gas exploration and production industry, has highlighted that the hydrocarbon industry will drive additions to taxes and roya

about 11 months ago
ABS
Fossil Energy

Next-gen autonomous tech from HD Hyundai Group greenlit by ABS, ready for real-ship demo

The US-based classification society American Bureau of Shipping (ABS) has granted approval in principle (AIP) for a next-generation autonomous technology developed by South Korean shipbuilders HD Korea Shipbuilding & Offshore Engineering (HD KSOE), HD Hyundai Heavy Industries (HD HHI) and HD Hyundai

about 11 months ago
Illustration; Source: Environmental Defense Fund Europe (EDFE)
Fossil Energy

€4.5 trillion investor coalition urges EU to hold the line on methane cuts

The European Union (EU) is facing pressure to uphold its methane regulation amid the climate push from 42 institutional investors, with over €4.5 trillion in assets under management, which have warned that backtracking would undermine regulatory certainty and market stability, while also slowing pro

about 11 months ago
DOF gets project awards for three vessels to keep working in North America
Fossil Energy

DOF gets project awards for three vessels to keep working in North America

Norwegian vessel owner DOF Group has secured several project awards in the North America region that have a combined contract value of over $60 million. The awards will use vessels already in the region, securing over 300 days of firm vessel utilization, with further options available. Skandi Skanse

about 11 months ago
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