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Fossil Energy

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Oil & GasBusiness & FinanceBusiness Developments & ProjectsExploration & ProductionRigsOperations & MaintenanceLiquefied Natural GasLow-Carbon TransitionAuthorities & GovernmentEnvironmentMarket OutlooksOutlook & StrategyProject & TendersTransitionTechnologyCablingPipesSubseaEquipmentVesselsProduction & ProcessingInfrastructureFPSO & Vessels
Cygnus gas field in the southern North Sea; Source: Neptune Energy, which became part of Eni following merger and is now part of enlarged Ithaca Energy
Fossil Energy

Ithaca-Eni upstream oil & gas combination gives birth to UK’s ‘largest resource holder’ in North Sea

Eni has fused its upstream assets in the UK, excluding East Irish Sea ones and carbon capture, utilization, and storage (CCUS) activities, with Delek’s Ithaca Energy, a North Sea oil and gas operator and producer.

about 1 year ago
NAGA 6 jack-up rig; Source: Velesto Energy
Fossil Energy

Another Velesto jack-up rig ready for five more years of drilling ops with SPS out of the way

Velesto Energy has wrapped up the mandatory five-yearly special periodical survey (SPS) for one of its jack-up rigs on time, thus, the rig will go to Sarawak to continue its drilling assignment with an affiliate of the Southeast Asian country’s energy giant Petronas.

about 1 year ago
Illustration; Source: TotalEnergies
Fossil Energy

TotalEnergies empowering oil & gas and renewables arsenal with up to $90 billion by 2030 as LNG remains crown jewel of its multi-energy mission

TotalEnergies is continuing to push forward its multi-energy strategy as it works on balancing the transition to low-carbon and green sources of supply and the attempts to fortify energy security scales.

about 1 year ago
A heat exchanger being loaded onto a ship
Fossil Energy

Honeywell wraps up takeover of Air Products’ LNG business

U.S.-based technology firm Honeywell has completed the acquisition of liquefied natural gas (LNG) process technology and equipment business from Air Products, a compatriot industrial gases supplier. The closing conditions for the all-cash transaction, first announced in July, have been fully met wit

about 1 year ago
Installation works wrap up at Wilhelmshaven 2 LNG terminal; Source: Geocean
Fossil Energy

With installation ops done, Germany’s new LNG terminal ready for FSRU connection to gas grid (Video)

ECOnnect Energy is nearing the last mile of the installation work related to a jettyless ready IQuay solution for liquefied natural gas (LNG) import to Germany’s second terminal in Wilhelmshaven.

about 1 year ago
A vessel at sea
Fossil Energy

Swiss player getting its first LNG carrier in 2027

Swiss-based MET Group has closed a deal with Danish shipowner Celsius for one liquefied natural gas (LNG) vessel, to be built by China Merchants Heavy Industry-Jiangsu.

about 1 year ago
COSL Innovator rig; Source: COSL
Fossil Energy

COSL rig moving to next well on its drilling agenda as UK oil & gas player gears up to bring online previous one

Serica Energy is setting the stage to start production from a recently drilled well in the UK sector of the North Sea.

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

Brazil sees monthly increase in oil & gas production, with lion’s share coming from Petrobras’ offshore fields

The Brazilian National Agency for Petroleum, Natural Gas, and Biofuels (ANP) has published its monthly oil and natural gas production bulletin for August 2024, comprising consolidated data on national production.

about 1 year ago
Norwegian energy giant hires compatriot firm for subsurface support
Fossil Energy

Norwegian energy giant hires compatriot firm for subsurface support

Norway’s state-owned energy giant Equinor has selected compatriot company AGR, part of energy and marine consultancy ABL Group, for the provision of subsurface and field development support related to project developments of its facilities, offshore installations and onshore plants. As part of the l

about 1 year ago
Laguna Star drillship; Source: Constellation
Fossil Energy

As drillship gets ready for its Brazilian gig with Petrobras, $500 million lands on Hanwha Drilling’s backlog

Hanwha Drilling, part of South Korea’s Hanwha Group, has secured its first multimillion-dollar contract for a seventh-generation drillship, which will work at the coast of Brazil for the South American country’s energy giant Petrobras.

about 1 year ago
The appraisal drilling at Block 58 was done with the Maersk Valiant (now called Noble Valiant) drillship; Source: Noble Corporation
Fossil Energy

TotalEnergies greenlights ‘historic’ $10.5 billion oil project, enabling new dawn to break over Suriname’s economy (Video)

TotalEnergies has kept its word by reaching a final investment decision (FID) for a giant oil project in Block 58 off the coast of Suriname before the year-end, as promised. With the construction and installation phases estimated to take approximately four years, the first oil is anticipated in 2028

about 1 year ago
Two large vessels at sea surrounded by four smaller ones
Fossil Energy

First LNG cargo from floating terminal offshore Mexico sets sail for Europe (Video)

U.S. energy infrastructure player New Fortress Energy (NFE) has reached another milestone at its floating liquefied natural gas (FLNG) unit off the coast of Altamira, Mexico with first full cargo and sail away.

about 1 year ago
A jack-up rig offshore
Fossil Energy

With no free rigs and funding talks still underway, early-2025 drilling ops on UK player’s agenda off Cameroon

The UK-based oil and gas company Tower Resources has received a proposal to finance its planned drilling campaign in Africa via a farm-out of a minority interest in a production sharing contract (PSC) for an asset offshore Cameroon, where a well was due to be spud this year but rig unavailability an

about 1 year ago
A large group of people standing in front of a vessel
Fossil Energy

Greek operator names LNG carrier

Greek shipping company TMS Cardiff Gas has held a naming ceremony for a liquefied natural gas (LNG) built by South Korea’s Samsung Heavy Industries (SHI).

about 1 year ago
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