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Fossil Energy

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Illustration; Credit: OEUK
Fossil Energy

UK’s offshore oil & gas decom bill to hit £24.6 billion by 2033

Offshore Energies UK (OEUK) has outlined in its new report that decommissioning work could account for 22% of the cumulative oil and gas spend over the next ten years.

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

Out with the old FPSO after eight years, in with the new one at oil field offshore Brazil

An FPSO is leaving an oil field off the coast of Brazil after spending eight years there, as another unit prepares to take its place once the field’s operator, Brava Energia gets the remaining requirements out of the way.

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about 1 year ago
Illustration of a floating power hub
Fossil Energy

Norwegian duo looking into floating power hubs for offshore platforms with CCS solution

Techouse and electricity provider Ocean-Power – have signed a memorandum of understanding (MoU) to explore the option of developing a floating gas power plant with CO2-capture capabilities to be deployed on the Norwegian Continental Shelf (NCS).

about 1 year ago
West Auriga drillship; Source: Seadrill
Fossil Energy

Seadrill’s drillship pair heading into the home stretch to start drilling job offshore Brazil

Seadrill has welcomed back to its rig fleet two drillships, which are getting the finishing touches out of the way to begin their new multimillion-dollar drilling assignments off the coast of Brazil, which are slated to last until the end of 2027.

about 1 year ago
Illustration; Source: TotalEnergies
Fossil Energy

TotalEnergies ups methane detection ante and signs up another firm to its drone-based tech

TotalEnergies has set its cap on deploying real-time methane emissions detection equipment on all operated upstream assets as part of its efforts to curtail the methane footprint from its operations.

about 1 year ago
Engineers standing in line in front of a large sign
Fossil Energy

Strike steel ceremony held for ‘largest FPSO in Petrobras’ history’

A steel-cutting ceremony has been held for one of the two floating storage, production, and offloading (FPSO) units Singapore-headquartered Seatrium is building for Brazil’s state-owned giant Petrobras.

about 1 year ago
An aerial photo of the exhibition floor at Offshore Energy Exhibition & Conference 2023
Fossil Energy

One week to go: 400+ exhibitors from offshore energy industry to gather in Amsterdam

The following is a press release from Navingo BV, the owner of Offshore-Energy.biz and organizer of the annual Offshore Energy Exhibition & Conference (OEEC). More than 400 exhibitors and co-exhibitors booked their spots at OEEC 2024 Businesses and organizations from across the offshore energy secto

about 1 year ago
Cantarell III rig; Source: Keppel
Fossil Energy

Keppel taking back control over 13 rigs in hot pursuit of monetization during offshore drilling upcycle

In light of the improving conditions in the offshore rig market, Singapore-headquartered asset manager and operator Keppel has set the wheels in motion to seize control and return to its fold 13 legacy rigs currently held by Rigco Holding (Asset Co).

about 1 year ago
António Guterres, UN Secretary-General, delivers remarks at the opening of the World Leaders Climate Action Summit at COP29 in Baku, Azerbaijan; Credit: UNFCCC/Kiara Worth
Fossil Energy

COP29’s trillion-dollar net zero battle: Needs, wants, and reality of global energy scene run by oil & gas

Many proponents of taking a stronger stance on global climate action are hoping for a pivotal shift in the final text of the 29th Conference of the Parties (COP29), which will turn the tide once and for all in favor of renewables by unlocking trillions required to pay the net zero bill while pulling

16 minutes read
Transocean Barents rig; Source: OMV Petrom
Fossil Energy

WATCH: Transocean rig comes to Southeastern Europe for 540-day drilling gig on €4 billion gas project

Transocean is expected to kick off drilling activities in the Black Sea next year, after one of its semi-submersible rigs, which was hired for a gas project off the coast of Romania, arrived in Constanta.

about 1 year ago
Aerial view of an offshore platform
Fossil Energy

Trillion pressing on with ops to unlock full potential of Black Sea gas wells

Canada’s oil and gas player Trillion Energy is progressing with velocity string operations on its production platform at a gas field offshore Türkiye.

about 1 year ago
Well-Safe Solutions has secured two contracts worth $25 million for well decommissioning operations in the UK Continental Shelf (UKCS)
Fossil Energy

Well-Safe Solutions wins $25M well decom contracts in North Sea with extra $25M options

Aberdeen-based decommissioning services provider Well-Safe Solutions has secured two contracts worth $25 million for well decommissioning operations in the UK Continental Shelf (UKCS), with an additional $25 million in options for work extending into 2025 and 2026. Under the firm scope, which spans

about 1 year ago
LNG tanks under constructions by the sea
Fossil Energy

Work done on Korea’s oil & LNG terminal with transformation into ‘carbon-neutral energy hub’ next on the agenda

Korea Energy Terminal (KET), a joint venture (JV) between Korea National Oil Corporation (KNOC) and SK Gas, has held a completion ceremony for its terminal at the North Port of Ulsan, South Korea.

about 1 year ago
Deepsea Bollsta rig; Source: Equinor
Fossil Energy

Odfjell Drilling-managed rig going back to Europe for multimillion-dollar work in Norwegian waters

Northern Ocean (NOL) has won a short-term gig with an undisclosed operator and a long-term assignment with Norway’s energy giant Equinor on the Norwegian Continental Shelf (NCS) for a semi-submersible rig, which is currently in Africa.

about 1 year ago