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Fossil Energy

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Montara field FPSO
Fossil Energy

Initial well production exceeds expectations at Australian offshore oil field

AIM-listed and Singapore-headquartered oil and gas player Jadestone Energy has revealed the results of initial flow testing at a well off the coast of Australia that achieved production rates significantly above expectations.

about 1 year ago
West Vela drillship; Source: Seadrill
Fossil Energy

US firm hits oil pay in Gulf of America with Seadrill rig

Houston-based energy player Talos Energy has made a new oil discovery in the Gulf of America, formerly the U.S. Gulf of Mexico, thanks to its drilling activities with a drillship owned by Seadrill, an offshore drilling contractor.

about 1 year ago
Foresea NS-42 (ODN-II) drillship will be used during the pre-operational assessment for drilling operations; Source: Petrobras
Fossil Energy

2012-built rig at designated spot: Petrobras sets the stage to secure go-ahead for drilling ops

Following the arrival of a drillship at its drill site, Brazil’s state-owned oil and gas giant Petrobras is getting ready to embark on the pre-operational assessment, as the final stage of the licensing process for drilling a deepwater well in Amapá.

about 1 year ago
Shah Deniz Alpha platform; Source: BP
Fossil Energy

BP confirms multimillion-dollar deals for gas field expansion and terminal electrification

BP has corroborated the award of engineering and procurement support assignments to the SOCAR-KBR joint venture (JV), entailing KBR, a U.S.-headquartered science, technology, and engineering player, and Azerbaijan’s SOCAR.

about 1 year ago
Illustration; Source: Santos
Fossil Energy

$19 billion Santos takeover in limbo: Four-week deadline extension looms as talks continue

Santos is facing a multi-week extension of the deadline for the negotiations surrounding an $18.7 billion non-binding indicative offer made by a consortium spearheaded by XRG, a subsidiary of Abu Dhabi National Oil Company (ADNOC), which entails Abu Dhabi Development Holding Company (ADQ) and global

about 1 year ago
Rendering of the proposed LNG terminal; Source: LNG Alliance
Fossil Energy

Mexico’s large-scale LNG export terminal strikes another 20-year offtake deal

Amigo LNG, a Mexican joint venture between Texas-based Epcilon LNG and Singapore’s LNG Alliance, has landed a definitive multi-year sales and purchase agreement (SPA) with Gunvor Singapore, an independent commodity trading house, for the supply of liquefied natural gas (LNG) from its liquefaction fa

about 1 year ago
Step forward for Eni’s co-control stake sale in CCUS business
Fossil Energy

Step forward for Eni’s co-control stake sale in CCUS business

Global Infrastructure Partners (GIP), an infrastructure investor part of BlackRock, has entered into a definitive agreement with Italy’s energy giant Eni for the acquisition of a co-control 49.99% interest in the latter’s carbon capture, utilization, and storage (CCUS) business. The partners in May

about 1 year ago
Al Zuwair LNG vessel; Source: NYK
Fossil Energy

QatarEnergy’s LNG carrier fleet becomes one vessel richer

A joint venture encompassing Japanese shipping companies NYK and Kawasaki Kisen Kaisha (K Line), Malaysia’s energy-related maritime services provider MISC, and China LNG Shipping (Holdings) Limited (CLNG) has taken delivery of a new liquefied natural gas (LNG) carrier built for QatarEnergy, as part

about 1 year ago
SBM Offshore's FPSO One Guyana at ExxonMobil-operated Yellowtail; Source: Saipem
Fossil Energy

Saipem sheds light on its part in early start-up of ExxonMobil’s oil project offshore Guyana

Saipem has landed a helping hand to U.S.-headquartered ExxonMobil to bring online its fourth oil project on the Stabroek block off the coast of Guyana.

about 1 year ago
Illustration; Source: Australian Energy Producers (former APPEA)
Fossil Energy

Australia’s upstream industry stepping up gas game with reform proposals

Australian Energy Producers (AEP), representing the country’s upstream oil and gas exploration and production industry, has come up with a set of proposals aimed at boosting Australia’s natural gas arsenal.

about 1 year ago
FPSO Peregrino; Credit: Felipe Torres/Equinor
Fossil Energy

Brazilian FPSO weeks away from restart following oil production shutdown

Norway’s state-owned energy giant Equinor has switched off oil production at its largest operated field outside the European country.

about 1 year ago
Illustration; Source: Shell
Fossil Energy

Shell shakes hands with Shape Digital, MODEC, and Unicamp to boost offshore unit safety

Shell Brasil, a subsidiary of the UK-headquartered energy giant Shell, has joined forces with MODEC Brasil, an affiliate of Japan’s MODEC, Shape Digital, which is MODEC’s digital services spin-off, and Unicamp, to employ artificial intelligence to improve the safety performance of offshore units.

about 1 year ago
Klaipėda terminal; Source: KN Energies
Fossil Energy

Solar power coming to curb European terminal’s emissions

KN Energies (KN), formerly Klaipedos Nafta, has taken steps to secure a contractor to equip its liquid energy products terminal with a solar power plant to unlock greenhouse gas (GHG) emissions cuts.

about 1 year ago
Illustration; Source: TotalEnergies
Fossil Energy

TotalEnergies and Shell’s offshore drilling plans at risk as court throws a spanner in the works

As oil and gas exploration off South Africa’s coast continues to garner attention, the offshore drilling activities planned by two energy giants, France’s TotalEnergies and the UK-based Shell, have hit a snag, with the Western Cape High Court opting to set aside the South African government’s decisi

about 1 year ago
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