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Fossil Energy

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An offshore rig and a vessel at sunset
Fossil Energy

UK regulator streamlining offshore license transactions with set of guidelines

The UK’s regulator, the North Sea Transition Authority (NSTA), has published a guidance document to assist current and potential offshore license holders and investors with the application for and management of licenses on the UK Continental Shelf (UKCS). Following consultations with industry stakeh

about 1 year ago
Woodside Louisiana LNG, former Driftwood LNG; Source: Tellurian, now part of Woodside Energy
Fossil Energy

Woodside enriches US liquefied natural gas arsenal with $900 million acquisition

Woodside has wrapped up the expansion of its liquefied natural gas (LNG) portfolio with the completion of the acquisition of Tellurian, a U.S.-based natural gas player.

about 1 year ago
Shearwater's 2025 to-do list expands with deepwater gig for TotalEnergies
Fossil Energy

Shearwater’s 2025 to-do list expands with deepwater gig for TotalEnergies

Norwegian marine geoscience and technology company Shearwater GeoServices is set to carry out an ocean bottom node (OBN) survey in Angola for French energy giant TotalEnergies at the beginning of 2025. The deepwater OBN survey will be performed by the dual ROV-equipped SW Tasman, the fit-for-purpose

about 1 year ago
Illustration; Source: McDermott
Fossil Energy

McDermott offloading storage business arm for $475 million six years after merger

McDermott has set the sale of its storage business line in motion, with a newly inked agreement, following its marketing process which culminated in a winning offer from a consortium of financial investors, led by Mason Capital Management. The U.S. giant will use the cash from the divestment to sett

about 1 year ago
People standing in front of a screen that says ASEAN energy sector Methane Leadership Program 2.0, Turning Capacity into Action
Fossil Energy

Petronas inks gas supply deal and explores decarbonization avenues by extending regional methane reduction program

Malaysia’s state-owned energy firm Petronas has inked a gas sales agreement (GSA) for its subsidiary Malaysia Petroleum Management (MPM) to deliver gas to compatriot firm Sabah Electricity Sdn. Bhd. (SESB). The oil and gas giant has also teamed up with energy players from the Association of Southeas

about 1 year ago
Design of BP's Kaskida FPU; Source: Exmar Offshore
Fossil Energy

BP books TechnipFMC on multimillion-dollar job at its first 20K tech oil project

BP has picked TechnipFMC for work at its sixth-operated deepwater project in a prolific high-margin basin within the U.S. Gulf of Mexico.

about 1 year ago
Atlantic Zonda drillship; Source: Pelago Management
Fossil Energy

Brazil-bound seven-gen drillship all set for inaugural drilling job with Petrobras (Gallery)

With upgrades and sea trials now out of the way, a newbuild ultra-deepwater drillship is ready to embark on a voyage to Brazil, where it will begin its maiden offshore drilling assignment with the South American country’s energy giant Petrobras. Once Eldorado Drilling, an offshore drilling player ba

about 1 year ago
A large vessel at sea
Fossil Energy

Norway tweaking 2025 national budget to fit Equinor offshore projects’ cost overruns

Norway’s Ministry of Energy has listed the status of 13 projects, either under development or recently completed, out of 19 operated by the Norwegian state-owned energy giant Equinor in the country’s proposed budget for next year.

about 1 year ago
Haiji-2 offshore China (for illustration purposes); Source: CNOOC
Fossil Energy

Oil flows from another offshore project in eastern Asia

China National Offshore Oil Corporation (CNOOC) has brought online an oilfield development project off the coast of China in eastern Asia on the western shore of the Pacific Ocean.

about 1 year ago
Avenir’s LNG bunker vessel to go on multi-year charter to Italian energy major
Fossil Energy

Avenir’s LNG bunker vessel to go on multi-year charter to Italian energy major

UK-based midstream LNG & BioLNG company Avenir LNG has signed a time charter party (TCP) with LNG Shipping, a subsidiary of Italian energy major Eni, for one of its LNG bunker vessels. Under the multi-year deal, Eni will charter the 7,500 cubic meter (cbm) LNG bunker vessel Avenir Aspiration, commen

about 1 year ago
AHTS Njord Viking; Source: Viking Supply Ships
Fossil Energy

Vessel quartet gearing up for $50 million crane upgrades to enhance subsea work

Viking Supply Ships will upgrade its fleet of ice-classed anchor handling tug supply (AHTS) vessels with the installation of four 100-ton heave-compensated offshore cranes.

about 1 year ago
A man with virtual-reality headset looking at a hologram depicting terrain with some data attached to it
Fossil Energy

Microsoft helping Enbridge harness power of AI to scale up assets and slash emissions

Canadian pipeline and energy company Enbridge has teamed up with Microsoft to employ artificial intelligence (AI) to maximize safety, reduce greenhouse gas (GHG) emissions, and enhance assets across its operations.

about 1 year ago
GTT receives stamps of approval for multifuel-ready technology and new LNG carrier design
Fossil Energy

GTT receives stamps of approval for multifuel-ready technology and new LNG carrier design

French technological containment specialist Gaztransport & Technigaz (GTT) has obtained five approvals in principle (AiPs) for advancements in its Mark III multifuel-ready membrane containment system and the new 200,000 cubic meter (cbm) LNG carrier concept. The approvals were issued by classificati

about 1 year ago
Longship CCS value chain; Source: Northern Lights
Fossil Energy

Norway’s $2.8 billion full-scale carbon capture transport and storage project close to crossing the finish line

The Norwegian government has made room in its 2025 budget for a multimillion-dollar investment destined to be injected into its carbon capture and storage (CCS) project, described as a full-scale CO2 capture, transport, and storage development in line with the country’s international climate agreeme

about 1 year ago
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