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Fossil Energy

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Shelf Drilling Fortress jack-up rig; Source: Shelf Drilling
Fossil Energy

Shelf Drilling fleet staying busy with new UK contract and Egypt extension

UAE-headquartered offshore drilling contractor Shelf Drilling has secured one new contract and one extension for two vessels from its fleet.

about 1 year ago
Valaris DS-15 drillship; Source: Valaris
Fossil Energy

Billion-dollar rig jobs raise Valaris’ backlog to $4.7B

Valaris has won a new batch of rig assignments and extensions, enabling three drillships and three jack-ups to secure work in different geographies.

about 1 year ago
Production capacity of 1.3 million barrels of oil per day expected by the end of 2027 offshore Guyana; Source: ExxonMobil
Fossil Energy

As $53 billion Chevron-Hess merger crosses the finish line, oil & gas assets’ fusion comes next

Chevron has cleared all the hurdles in its path to bring Hess Corporation, a fellow oil and gas player, into its fold. As a result, the companies are taking steps to blend their operations, enabling Chevron to expand its oil and gas arsenal, with four regions pinpointed as the ones where this merger

about 1 year ago
Malaysia's Sapura Energy nets $118M in contracts with long-term Thai clients
Fossil Energy

Malaysia’s Sapura Energy nets $118M in contracts with long-term Thai clients

Malaysian oil & gas services provider Sapura Energy has secured new contracts with Chevron’s Thailand subsidiaries, as well as with Thai national oil & gas company PTT Exploration and Production (PTTEP), that together have a value of over RM 500 million (roughly $118 million). The contracts with the

about 1 year ago
Offshore platforms
Fossil Energy

Valeura Energy strikes a deal with PTTEP to expand its Thai oil & gas footprint

Canada-based Valeura Energy, an oil and gas company, has made a move to acquire partial stakes from Thailand’s national oil and gas player, PTT Exploration and Production Public Company Limited (PTTEP), in two offshore blocks off the coast of Thailand.

about 1 year ago
Illustration; Source: PTTEP
Fossil Energy

PTTEP enlarges gas portfolio in Southeast Asia with new acquisition

PTTEP, Thailand’s national oil and gas player, has made a play for a stake, which Hess Corporation, now part of Chevron, holds in the Malaysia-Thailand Joint Development Area (MTJDA).

about 1 year ago
LNG carrier Al Mas’habiyyah
Fossil Energy

New China-built LNG vessel named ahead of QatarEnergy charter

China LNG Shipping (Holdings) Limited has held a naming ceremony for a liquefied natural gas (LNG) carrier that will join Qatar Energy’s fleet at Hudong Shipyard in Shanghai, China.

about 1 year ago
A large vessel at dock at night
Fossil Energy

MODEC delivers another piece of puzzle for Guyana-bound FPSO

Japan’s MODEC has delivered a structure that will form part of a floating production storage and offloading (FPSO) unit to be deployed to a project offshore Guyana operated by ExxonMobil, a U.S.-headquartered oil and gas giant.

about 1 year ago
A shipyard at night
Fossil Energy

ModuSpec enhancing rig safety in Caspian Sea with new inspection contracts

MR Group’s ModuSpec, a rig intake and inspection specialist, has been hired to provide inspection services in the Caspian region.

about 1 year ago
A large vessel at sea
Fossil Energy

COSCO unit forms alliance for offshore energy projects in Southeast Asia

Singapore-based COSCO Shipping Marine Engineering (CSME) has signed a non-binding strategic cooperation agreement with compatriot Union Steel Holdings and China Offshore Engineering Solutions (COES) to collaborate in executing oil and gas projects in the region.

about 1 year ago
Mysterious project books Subsea7 for 2027
Fossil Energy

Mysterious project books Subsea7 for 2027

Subsea7 has secured a contract worth between $150 million and $300 million with an undisclosed client, with offshore operations to kick start in 2027. Under the contract defined as substantial, Subsea7’s scope includes the engineering and offshore installation of flexible pipe, umbilicals, subsea eq

about 1 year ago
Stena Forth drillship; Source: Stena Drilling
Fossil Energy

Shell signs off on Egypt’s Mediterranean gas project

BG International, an affiliate of UK-headquartered energy major Shell, has taken a final investment decision (FID) to develop a gas discovery in Egypt’s Mediterranean Sea.

about 1 year ago
Illustration; Source: United Oil & Gas
Fossil Energy

United gets green light for Jamaican block surveys, citing Stabroek-scale potential

Dublin-headquartered and AIM-listed United Oil & Gas has received an environmental permit for offshore surveys at its license off the coast of Jamaica.

about 1 year ago
Saipem 10000; Source: Saipem
Fossil Energy

Energy giants sign binding merger deal, bringing Saipem7 closer to reality

Italy’s engineering, drilling, and construction services giant Saipem has signed a binding agreement on the terms and conditions of its proposed merger with global energy player Subsea7. Since the management of both companies believes the merger will create a global leader in energy services, especi

about 1 year ago
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