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Fossil Energy

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FPSO & VesselsOil & GasProduction & ProcessingSubseaVessels & VehiclesBusiness & FinanceBusiness Developments & ProjectsOutlook & StrategyProject & TendersVesselsLow-Carbon TransitionAuthorities & GovernmentRegulation & PolicyLiquefied Natural GasExploration & ProductionRules & RegulationTransitionRigsSeismicSurveys & InterventionsCollaborationEnvironment
Multiple contract win in Brazil brings $53 million to Solstad
Fossil Energy

Multiple contract win in Brazil brings $53 million to Solstad

Norwegian shipping company Solstad Offshore has secured multiple contracts together worth around $53 million for three of its vessels to perform work in Brazil. The 2005-built anchor handling tug supply (AHTS) vessel Normand Topazio has been awarded a one-year contract with commencement this month,

about 1 year ago
Illustration; Source: Petronas
Fossil Energy

Petronas’ quest to fortify Malaysia’s oil & gas pinpoints 34 contractors for well engineering activities

Petronas has launched two initiatives through Malaysia Petroleum Management (MPM) to strengthen the country’s oil and gas sector and ensure an optimal and sustainable supply of oil and gas to boost energy security.

about 1 year ago
LNG carrier Marvel Swallow; Source: MOL
Fossil Energy

New LNG vessel gets christened at Hanwha Ocean’s yard

Japan’s shipping giant Mitsui O.S.K. Lines (MOL) has held a naming ceremony for a newbuild liquefied natural gas (LNG) carrier at the Geoje Shipyard of South Korea’s shipbuilder Hanwha Ocean. With the naming ceremony out of the way, the next item on the agenda for MOL’s Marvel Swallow LNG carrier, s

about 1 year ago
Transocean Barents rig (for illustration purposes); Source: Equinor
Fossil Energy

UK likely to unlock £10 billion worth of North Sea oil & gas with encouraging fiscal regime, WoodMac finds

Considering the rising focus on energy security, Wood Mackenzie has pointed out that Britain could get its hands on an additional £10 billion of North Sea oil and natural gas value from existing assets if it puts the right set of fiscal and regulatory policies in place.

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

SBM Offshore’s behemoth FPSO steps into Brazil to work at Petrobras’ mega deepwater field

SBM Offshore is closing in on the first oil milestone from its new FPSO unit as the vessel has reached Brazilian waters and will be deployed at a huge field in the pre-salt Santos Basin off the coast of Brazil, where it will work for Petrobras.

about 1 year ago
Transocean Spitsbergen rig; Source: Transocean
Fossil Energy

More rig market consolidation on the cards as Transocean and Seadrill ponder merger

A new merger may soon be visible on the rig market horizon, as the Switzerland-based offshore drilling contractor Transocean is now allegedly contemplating a business combination with its Bermuda-headquartered rival Seadrill.

about 1 year ago
Santorini drillship; Source: Saipem
Fossil Energy

Saipem rig kicks off second drilling campaign off Namibia after first one yielded oil discoveries

Galp has embarked on its second exploration and appraisal program in the Orange Basin where oil discoveries were made during the first campaign within license PEL 83 off the coast of Namibia, which is situated close to recent discoveries made by Shell and TotalEnergies.

about 1 year ago
Transocean Spitsbergen rig; Source: Transocean
Fossil Energy

Transocean rigs clinch $1.3 billion in offshore drilling gigs

Transocean has got hold of a new batch of contracts and extensions in the U.S. Gulf of Mexico, India, Norway, and Australia for six floaters, encompassing four drillships and two semi-submersible rigs.

about 1 year ago
Thylacine platform in the Otway Basin; Source: Beach Energy
Fossil Energy

More gas flows to Australian market as Beach Energy brings offshore duo on stream

Beach Energy has started production from two wells in the Otway Basin in Commonwealth waters, approximately 65 km southwest of the Victorian coastline.

about 1 year ago
TotalEnergies assigns more work to Shearwater offshore Angola
Fossil Energy

TotalEnergies assigns more work to Shearwater offshore Angola

Norwegian marine geoscience and technology company Shearwater GeoServices has secured its second contract with French energy giant TotalEnergies for a project offshore Angola. The project will include a three-month deepwater ocean bottom node (OBN) survey covering the Golfinho and Cameia fields, loc

about 1 year ago
Statfjord C platform; Credit: Harald Pettersen/Equinor
Fossil Energy

TotalEnergies, Equinor among players pursuing decarbonization project for floating and fixed offshore installations

Techouse is pooling resources with multiple energy companies, including TotalEnergies and Equinor, alongside SINTEF Energy Research, to develop and test a joint industry project (JIP), which aims to change the oil and gas industry’s mind about retrofitting offshore power generation with combined cyc

about 1 year ago
Illustration; Source: Sunda Energy, former Baron Oil
Fossil Energy

Rig activity overruns defer UK firm’s drilling ops on gas field offshore Timor-Leste

UK-based and AIM-listed Sunda Energy, former Baron Oil, has disclosed a new timeline for the drilling of an appraisal well at a gas field off the coast of Timor-Leste.

about 1 year ago
Jackdaw platform; Source: Aker Solutions
Fossil Energy

Shell and Equinor weeks away from court fight over two mega oil & gas projects in UK waters

The legal battle that may decide the fate of two of the largest undeveloped oil and gas fields off the coast of the United Kingdom (UK) is fast approaching with less than three weeks left until the set date.

about 1 year ago
FPSO Sepetiba; Source: SBM Offshore
Fossil Energy

SBM Offshore sells partial stake in Brazilian FPSO to Chinese player

SBM Offshore has offloaded a minority stake in a floating production, storage, and offloading (FPSO) vessel, which is working on Petrobras’ giant oil field in the Santos Basin off the coast of Brazil.

about 1 year ago
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