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Fossil Energy

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Offshore rig
Fossil Energy

Constellation-operated jackup lands long-term gig with Petrobras

Brazilian drilling contractor Constellation Oil Services Holding has won a new contract with compatriot state-owned energy giant Petrobras for a jackup drilling rig owned by ADES Holding, part of Saudi Arabia-headquartered ADES Group, which will be used for plug and abandonment (P&A) assignments off

about 1 year ago
North Sea; Source: OEUK
Fossil Energy

$452 billion shot in UK economy’s arm on the table with oil & gas and other homegrown energy

With forecasts indicating that the United Kingdom (UK) will need billions of oil and gas barrels by 2050 amidst the ongoing economic challenges and energy market headwinds and tailwinds, Britain’s trade body for the offshore energy industry, Offshore Energies UK (OEUK), has outlined in its new repor

about 1 year ago
An offshore drilling rig
Fossil Energy

Chinese major makes ‘hundred-million-ton’ oil discovery in South China Sea

Chinese state-owned oil and gas giant China National Offshore Oil Corporation (CNOOC) has made what it says is a major oilfield discovery in the deep and ultra-deep South China Sea plays.

about 1 year ago
An offshore rig and a vessel
Fossil Energy

Dolphin Drilling gets new CFO as interim CEO is promoted to permanent position

Norway-headquartered offshore drilling contractor Dolphin Drilling has promoted its interim Chief Executive Officer (CEO) to a permanent role and appointed a new Chief Executive Officer (CFO).

about 1 year ago
Two men shaking hands with several other men standing beside each
Fossil Energy

Petronas kicking off LNG exports to Vietnam next month

PV Gas, a subsidiary of Vietnam Oil and Gas Group (Petrovietnam), and Malaysia’s state-owned energy player Petronas have expanded their liquefied natural gas (LNG) collaboration.

about 1 year ago
Alaska LNG
Fossil Energy

US player tasked with taking Alaskan LNG project to finish line

Alaska Gasline Development Corporation (AGDC) has signed binding agreements with Glenfarne Alaska LNG, an affiliate of Glenfarne Group, for the latter to become the majority owner of a liquefied natural gas (LNG) export project in Alaska and lead its development to construction.

about 1 year ago
A large vessel at sea
Fossil Energy

ADNOC’s African footprint grows with acquisition of stake in block off Mozambique

Portugal’s oil and gas company Galp has completed the sale of its upstream assets offshore Mozambique to XRG, a wholly-owned subsidiary of the UAE’s Abu Dhabi National Oil Company (ADNOC).

about 1 year ago
An offshore drilling rig
Fossil Energy

Equinor keeping Island Drilling, Archer, and Baker Hughes busy with multi-well P&A gigs

Norwegian state-owned energy giant Equinor has awarded compatriot Island Drilling with a well plugging contract on the fields it operates on the Norwegian continental shelf (NCS), while Archer and Baker Hughes Norge have won contracts for full-range delivery of plugging services.

about 1 year ago
With phase 1 fully booked, Northern Lights partners take €662M FID for second phase
Fossil Energy

With phase 1 fully booked, Northern Lights partners take €662M FID for project expansion

Northern Lights joint venture (JV) partners Equinor, Shell and TotalEnergies have made a final investment decision (FID) to progress phase two of the namesake CO2 transport and storage development. This will increase the project’s transport and storage capacity from 1.5 million to over 5 million ton

about 1 year ago
Illustration; Source: Woodside
Fossil Energy

Perenco to acquire Woodside’s Trinidadian assets for $206 million

Australia’s energy giant Woodside Energy has signed an agreement with Anglo-French oil and gas player Perenco to divest its assets in Trinidad and Tobago.

about 1 year ago
A floating storage and regasification unit
Fossil Energy

US LNG major buying compatriot’s Jamaican assets for $1.05B in pursuit of downstream growth

U.S. energy infrastructure player New Fortress Energy (NFE) has entered into a definitive agreement for the sale of its assets and operations in Jamaica to compatriot liquefied natural gas (LNG) player Excelerate Energy.

about 1 year ago
Odfjell Drilling exec trades CFO role for new position at the company
Fossil Energy

Odfjell Drilling exec trades CFO role for new position at the company

The Chief Financial Officer (CFO) of offshore drilling contractor Odfjell Drilling is slated to replace his CFO position with another finance-related role at the company.

about 1 year ago
UK-made buoyancy modules make their way to Eastern Mediterranean natural gas project
Fossil Energy

UK-made buoyancy modules make their way to Eastern Mediterranean natural gas project

UK-headquartered CRP Subsea, part of AIS, has been appointed to deliver distributed buoyancy modules (DBMs) for a natural gas development off the Eastern Mediterranean coast. The DBMs will be deployed on dynamic umbilical and mono-ethylene glycol (MEG) risers, which connect to a floating production,

about 1 year ago
An LNG carrier at sea
Fossil Energy

Cheniere reaches 4,000th LNG cargo mark ‘faster than any producer in history’

U.S. liquefied natural gas (LNG) producer and exporter Cheniere Energy has celebrated the 4000th shipment of LNG cargo at its terminal in Louisiana.

about 1 year ago
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