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Fossil Energy

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Oil & GasBusiness & FinanceBusiness Developments & ProjectsSubseaCarbon Capture Usage & StorageHuman CapitalLow-Carbon TransitionSurveys & InterventionsCollaborationEnvironmentOutlook & StrategyProject & TendersStorageTransitionVisionFPSO & VesselsVesselsExploration & ProductionRigsAuthorities & GovernmentRegulation & PolicyLiquefied Natural Gas
Hail and Ghasha gas project; Source: ADNOC
Fossil Energy

First jacket comes to slide into place at huge offshore gas project

ADNOC has tucked a new construction milestone under its belt with the load-out and transport of the first jacket for its multibillion-dollar giant sour gas development, which aims to become the world’s first project to operate with net-zero emissions.

about 1 year ago
Central Morecambe platform; Source: Spirit Energy
Fossil Energy

UK fund makes first investment in CO2 project to drive industrial renewal

The National Wealth Fund (NWF), the UK’s sovereign wealth fund, intends to make a multi-million equity investment in the development that will store CO2 emissions in the East Irish Sea.

about 1 year ago
Illustration; Source: Viaro Energy
Fossil Energy

British upstream player picks new COO as current one prepares to retire

As its existing Chief Operating Officer (COO) is ready to retire, London-based independent upstream player Viaro Energy has revealed the name of the new COO, who will step into the role next month.

about 1 year ago
Baker Hughes and Evida shake hands for CO2 transport in Denmark
Fossil Energy

Baker Hughes and Evida shake hands for CO2 transport in Denmark

U.S.-headquartered energy technology giant Baker Hughes and Danish gas distribution operator Evida have established a partnership to collaborate on developing and enabling CO2 transport solutions across Denmark to back the country’s CO2 reduction goals. The strategic collaboration agreement, signed

about 1 year ago
FPSO Almirante Tamandaré; Source: Petrobras
Fossil Energy

Petrobras’ Brazilian FPSOs to sport Exail’s navigation tech

Exail, a subsidiary of Exail Technologies, has been hired to provide 30 Quadrans attitude and heading reference systems (AHRS), which will be installed on floating production, storage, and offloading units (FPSOs) working off the coast of Brazil for Petrobras, the country’s state-owned giant.

about 1 year ago
Valaris-DS-18
Fossil Energy

Valaris lands $760 million gigs for rig duo in US Gulf

Bermuda-headquartered offshore drilling contractor Valaris Limited has won a contract extension for one drillship and a new contract for another with Anadarko Petroleum Corporation, a wholly-owned subsidiary of Occidental, in the Gulf of America.

about 1 year ago
MethaneSAT Data Rendering; Credit: MethaneSAT
Fossil Energy

Satellite down for the count but fight against methane in oil & gas realm will go on

MethaneSAT has lost contact with a satellite developed to shed light on methane emissions that other tools cannot detect, with a focus on oil and gas operators as the largest industrial source of the methane menace.

about 1 year ago
Illustration; Source: Perenco
Fossil Energy

25-year PSC chapter paving the way for gas development offshore Vietnam

Perenco has pinpointed a new production sharing contract (PSC) for an offshore block as a stepping stone toward a final investment decision (FID) for the development of a gas and condensate field off the coast of Vietnam, Southeast Asia.

about 1 year ago
Borr Drilling
Fossil Energy

Borr Drilling sets the stage for liquidity boost and CEO succession

Borr Drilling, an offshore drilling player, has taken steps to strengthen its balance sheet for continued growth, with a financing package, and revealed its Chief Executive Officer (CEO) succession plan.

about 1 year ago
An offshore platform
Fossil Energy

Brazilian player’s offshore output grows, setting new production benchmarks

Brazilian energy player Brava Energia has registered an increase in output from its assets offshore Brazil.

about 1 year ago
An offshore rig illuminated by lights at sunset
Fossil Energy

Australia ups decarbonization ante: First offshore CCS undertaking gets major project status

As the global energy transition journey continues to make inroads, a carbon capture and storage (CCS) project in the G-7-AP greenhouse gas (GHG) assessment block off the northwestern coast of the Northern Territory of Australia has secured the Australian government’s backing with the award of a majo

about 1 year ago
EDrill-2 rig
Fossil Energy

PTTEP books Energy Drilling’s rig for offshore campaign

Singapore’s tender-assisted drilling provider Energy Drilling, a wholly owned subsidiary of SED Energy Holdings, has signed a five-year contract with Thailand’s national oil and gas company PTT Exploration and Production Public Company Limited (PTTEP) for an offshore drilling campaign.

about 1 year ago
Floatel Triumph
Fossil Energy

Floatel’s 2016-built vessel finds another job in Australian waters

Floatel International, a Norwegian offshore accommodation provider, has won a new contract for a nine-year-old semi-submersible accommodation vessel off the coast of Australia.

about 1 year ago
CP2 LNG; Source: Venture Global
Fossil Energy

Petronas commits to long-term LNG offtake from Venture Global’s future plant

Venture Global, a U.S. producer of liquefied natural gas (LNG), has signed a multi-year sales and purchase agreement (SPA) with Petronas LNG, a subsidiary of the Malaysian state-owned oil and gas company, Petronas.

about 1 year ago
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