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Fossil Energy

Shearwater to explore carbon storage potential in Australian waters

Norwegian Shearwater GeoServices has been tasked with a seismic survey offshore Australia to explore carbon storage potential in the Bonaparte Basin, marking its second carbon capture and storage (CCS)-related survey in this basin. Under the 3D seismic survey contract, the Norwegian firm will deploy

about 1 month ago

Fossil Energy

€5.6 million contract to keep PSV busy for 319 days or more off UK

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Norwegian vessel owner and operator Golden Energy Offshore Services (GEOS) has secured a term contract valued at approximately £4.85 million (over €5.6 million) for one of its platform supply vessels (PSVs) to be deployed on the UK Continental Shelf (UKCS). The contract for the PSV Energy Pace was a

about 1 month ago

Fossil Energy

Northern Lights fleet ready for phase one as fourth LCO2 carrier arrives from China

The vessel fleet required for first phase operations of the Northern Lights CO2 project in Norway has been completed with the arrival of the fourth liquefied carbon dioxide (LCO2) carrier from China. Northern Purpose, custom-designed to transport liquefied CO2 as part of the world’s first cross-bord

about 1 month ago

Fossil Energy

Borr Drilling’s Mexican JV completes purchase of five rigs for $287 million

BC Ventures, a 50/50 joint venture between subsidiaries of Bermuda-based Borr Drilling and CME as its long-term well construction partner in Mexico, has completed the acquisition of five jack-up rigs from Fontis Finance, an indirect subsidiary of Bermuda-headquartered Paratus Energy Services. For a

about 1 month ago

Fossil Energy

First condensate cargo from Australian project en route to South Korea

Australian energy player Santos has marketed, sold and loaded the first condensate cargo from the Barossa gas project for delivery to SK Innovation E&S in South Korea. Approximately 300,000 barrels of condensate were loaded from the BW Opal floating production, storage and offloading (FPSO) vessel a

about 1 month ago

Fossil Energy

Eni and TotalEnergies take FID for Cyprus’ first gas development

Eni and TotalEnergies have taken the final investment decision (FID) for the development of Cronos, the first gas development in Cyprus, with production start-up expected in 2028. Operated by Eni and located in deep offshore waters approximately 185 kilometers southwest of the coast of Cyprus, in of

about 1 month ago

Fossil Energy

Serica Energy wins race for Pharos Energy with €170 million takeover agreement

UK-based upstream oil & gas player Serica Energy has agreed to acquire compatriot Pharos Energy for £145.7 million (more than €170 million), with Pharos to withdraw its recommendation for an offer from Israeli Ratio Petroleum. The acquisition is said to be consistent with Serica Energy’s long-standi

about 1 month ago

Fossil Energy

UK CO2 storage project that will reuse existing infrastructure secures lease

Liverpool Bay CCS Limited (LBCCS) has entered into a lease with The Crown Estate for its CO2 transportation and storage project offshore the UK, the country’s first carbon capture and storage (CCS) project to repurpose existing infrastructure. The Liverpool Bay CCS project will operate as the backbo

about 1 month ago

Fossil Energy

Eni strengthens team for Côte d’Ivoire project with Saipem now on board

Italy’s energy giant Eni has continued its contract awards spree for the third phase of its oil & gas development project off the coast of Côte d’Ivoire, with Saipem having been selected for the delivery of rigid pipelines and associated subsea structures. Baleine Phase 3 will increase total field p

about 1 month ago

Fossil Energy

Saipem-Subsea7 merger under the microscope as EU flags competition concerns

A proposed merger between Italy’s engineering, drilling, and construction services giant Saipem and the Luxembourg-domiciled Subsea7 is facing deeper scrutiny in the European Union (EU) over offshore market concentration due to subsea umbilicals, risers, and flowlines (SURF) and carbon capture and s

about 1 month ago

FPSO Cidade de Itajai is operating on the Baúna field - Karoon

Fossil Energy

FPSO efficiency at Brazilian oil field surpasses target range to hit 97%

Karoon Energy, an ASX-listed oil and gas exploration and production company, has confirmed an uptick in operating efficiency at a floating production, storage, and offloading (FPSO) unit deployed on an oil field off the coast of Brazil.

about 1 month ago

Fossil Energy

Harbour Energy’s US arm advances repair plan after riser leak at Gulf of America oil & gas asset

U.S.-headquartered LLOG Exploration, a subsidiary of Harbour Energy, has seen a drop in output at its asset in the Gulf of America (U.S. Gulf of Mexico) following a riser leak; however, the start-up of a sidetrack well is supporting near-term production, as the company and its joint venture (JV) par

about 1 month ago

Fossil Energy

Allseas places order with Vallourec for Petrobras’ Santos Basin development

French provider of tubular solutions Vallourec has secured a new contract for the Atapu-2 project in the Santos Basin offshore Brazil, this time with Allseas for the supply of carbon steel seamless line pipes and thermal insulation coating. Allseas is in charge of the design, procurement, constructi

about 1 month ago

Fossil Energy

Expro eyeing market growth after broadening drilling tech offering with acquisition of Norwegian firm

U.S.-headquartered energy services provider Expro has brought Enhanced Well Technologies Group (Enhanced Drilling) into its fold, extending its drilling technology capabilities.

about 1 month ago