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Fossil Energy

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Oil & GasBusiness Developments & ProjectsProject & TendersRigsBusiness & FinanceExploration & ProductionFPSO & VesselsInfrastructureOperations & MaintenanceCablingLiquefied Natural GasLow-Carbon TransitionSubseaAlternative FuelsClean FuelGreen MarineLNGPorts & InfrastructurePorts & Logistics
Aerial view of an LNG terminal
Fossil Energy

Permitting starts for Netherlands’ third LNG terminal

Dutch energy infrastructure company VTTI and Norwegian owner and operator of liquefied natural gas (LNG) carriers and floating storage and regasification units (FSRUs), Höegh Evi, have officially launched the permitting process for the Netherlands’ proposed new LNG terminal.

about 1 year ago
Aerial view of an energy complex
Fossil Energy

Petrobras fires up second module at Santos Basin gas processing complex

The second module of the natural gas processing unit (UPGN) in metropolitan Rio de Janeiro, operated by Brazil’s state-owned energy giant Petrobras, has started commercial operation.

about 1 year ago
Valaris DS-15, formerly Rowan Renaissance, drillship; Source: Valaris
Fossil Energy

Valaris drillship going to West Africa for multimillion-dollar gig

Valaris has won a multi-well drilling assignment for one of its drillships in West Africa with an undisclosed oil and gas operator.

about 1 year ago
An aerial view of an island
Fossil Energy

ADNOC Drilling clinches $806M deal for next-gen rig trio

UAE-based ADNOC Offshore has handed out a contract to its sister company ADNOC Drilling for three island rigs to support expanding operations at a development project offshore Abu Dhabi.

about 1 year ago
FPSO Agogo; Source: Yinson Production
Fossil Energy

Yinson Production turns the financial flexibility key to unlock liquidity doors

Yinson Production, a subsidiary of Kuala Lumpur-based energy infrastructure and technology company Yinson Holdings, has made its first foray into a corporate-level standby letter of credit and guarantee facility to boost its liquidity.

about 1 year ago
Paul B Lloyd Jr. rig; Source: Dolphin Drilling
Fossil Energy

Dolphin Drilling reveals refinance plan for 35-year-old rig

Dolphin Drilling has tweaked the terms of the deal for its multimillion-dollar facility agreement with security, among other things, over the 1990-built semi-submersible rig it acquired from Transocean, providing for amortization relief of the installments payable for the three months from April to

about 1 year ago
An offshore platform at Valhall field
Fossil Energy

WATCH: ‘Vital’ piece starts 670-km trip to Aker BP’s North Sea field

A key piece of equipment has embarked on a journey from a shipyard in Norway to a North Sea field operated by the Norwegian oil and gas player Aker BP.

about 1 year ago
FSRU Independence in Klaipėda; Source: Höegh Evi, former Höegh LNG
Fossil Energy

LNG terminal electrification moving forward as contractor gets shore connection job

KN Energies (KN), former Klaipedos Nafta, has picked a contractor for engineering, procurement, and construction (EPC) works related to its LNG terminal electrification project on Lithuania’s Kiaulės Nugara Island.

about 1 year ago
Two connected offshore platforms
Fossil Energy

‘Major’ 130-well P&A gig with Repsol goes to Archer

Oil services company Archer has signed a long-term contract with Repsol Resources UK, a subsidiary of Spanish energy giant Repsol, related to late-life and plug and abandonment (P&A) services across the latter’s platform portfolio.

about 1 year ago
A vessel at sea
Fossil Energy

SBM Offshore bags FPU contract for BP’s US Gulf deepwater project

BP Exploration & Production, a subsidiary of the UK-based energy heavyweight BP, has signed a contract with the Netherlands-based SBM Offshore for the work related to a semi-submersible floating production unit (FPU) destined for the former’s deepwater project in the Gulf of America, formerly the Gu

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

$3 billion loan in the bag for Venture Global’s $28B US LNG export project in Louisiana

Venture Global, an American producer of liquefied natural gas (LNG) sourced from North American basins, has secured a $3 billion bank loan facility with 19 banks to continue manufacturing, procurement, and engineering of a natural gas liquefaction and export facility for its proposed multibillion-do

about 1 year ago
TotalEnergies breaks ground on Middle East’s first LNG bunkering hub
Fossil Energy

TotalEnergies breaks ground on Middle East’s first LNG bunkering hub

French energy giant TotalEnergies and Oman’s OQ Exploration and Production (OQEP) have kicked off construction of the Marsa LNG plant in the port of Sohar, taking the next step toward establishing the Middle East’s first LNG bunkering hub.

about 1 year ago
A floating production storage and offloading unit at sea
Fossil Energy

With Brazilian oil project approved, BW Energy sets sights on doubling output by 2028

Oslo-listed oil and gas E&P player BW Energy has taken the final investment decision (FID) for a development in the Campos Basin field offshore Brazil. The project will encompass an integrated drilling and wellhead platform (WHP) and a refurbished floating production storage and offloading (FPSO) un

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

Equinor bids adieu to its largest offshore asset outside Norway for $3.5 billion

PRIO is expanding its interest in a field off the coast of Brazil by buying the stake Norway’s Equinor holds in what is considered to be its largest operated field outside Norway.

about 1 year ago
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