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Fossil Energy

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Illustration; Source: Trinity Exploration and Production
Fossil Energy

One merger taken off the table, another ongoing as South American firm outbids Touchstone for Trinity

Touchstone Exploration’s acquisition of the UK’s Trinity Exploration and Production, which has a portfolio of onshore and offshore oil assets located solely in Trinidad and Tobago, has fallen through since the latter has accepted the cash offer from a third company, Trinidad-headquartered Lease Oper

about 2 years ago
Leviathan; Source: NewMed Energy
Fossil Energy

Chevron gets down to the nitty-gritty of gas production boost at Mediterranean field with $429 million earmarked for FEED

Chevron and its partners in a giant natural gas field off the coast of Israel have greenlighted a multimillion-dollar investment to start the ball rolling on the front-end engineering design (FEED) phase for the proposed expansion of the gas export capacity from this Mediterranean field.

about 2 years ago
CSV Edda Freya; Source: DeepOcean
Fossil Energy

BP puts UK field in rearview mirror as DeepOcean’s vessel pulls largest SSIV out of North Sea (Gallery)

DeepOcean has tucked a new decommissioning milestone under its belt by removing what has been deemed to be the largest subsea isolation valve (SSIV) in the North Sea.

about 2 years ago
PSC signing ceremony; Source: Petronas
Fossil Energy

Multiple oil & gas firms ink deals for 12 fields offshore Malaysia

Petronas has signed production sharing contracts (PSCs) with several oil and gas players for three clusters of discovered resource opportunities (DRO) situated offshore Peninsular Malaysia as part of the first round of Malaysia Bid Round Plus (MBR+).

about 2 years ago
Modelling CO2 injection; Source: Kongsberg Digital
Fossil Energy

Canadian integrated CCS solution enhancing North Sea carbon storage project

Sval Energi has selected a comprehensive carbon capture and storage (CCS) solution developed by Canada-based Computer Modelling Group (CMG) for one of its CO2 transportation and storage projects in the Norwegian North Sea.

about 2 years ago
MOL obtains ‘world’s first’ approval for LNG carrier with wind-assisted propulsion
Fossil Energy

MOL obtains ‘world’s first’ approval for LNG carrier with wind-assisted propulsion

MOL received AiP from ClassNK for the design of a membrane LNG carrier installing Wind Challenger, a hard sail wind power propulsion system.

about 2 years ago
Argus project; Source: north.io
Fossil Energy

Coming to grips with security risks: Germany backs project for keeping critical subsea infrastructure out of harm’s way

Given the worldwide rise in threats to energy and other underwater industries’ infrastructure such as offshore installations, pipelines, and cables, many countries, especially in Europe, have been upping their security ante to prevent further attacks.

13 minutes read
Wearable device; Source: Salunda
Fossil Energy

BP handpicks red zone monitoring tech for North Sea well intervention ops

Salunda, a UK-headquartered firm specializing in red-zone safety monitoring technology, has inked a deal with energy giant BP to install its monitoring solution on the latter’s North Sea assets.

about 2 years ago
Illustration; Source: Gulf Marine Services (GMS)
Fossil Energy

GMS looks to the future with hope as it strikes a multimillion-dollar bank deal for debt refinancing

UAE-based Gulf Marine Services (GMS), a provider of self-propelled and self-elevating support vessels for the offshore oil, gas, and renewables sector, has sealed a deal with three banks to refinance its bank debt.

about 2 years ago
Woodside Scarlet Ibis LNG vessel comes to Pluto LNG; Source: Woodside
Fossil Energy

WATCH: Woodside receives new vessel at Pluto LNG with open arms

Woodside Energy has bid a warm welcome to the newest addition to its global LNG fleet after the vessel came to Pluto LNG project site.

about 2 years ago
Illustration; Source: Archer
Fossil Energy

Archer enlarging its service offering with takeover of Argentinian managed pressure drilling firm

Archer has inked a deal to acquire Air Drilling Associates’ managed pressure drilling (MPD) subsidiary, ADA Argentina.

about 2 years ago
Salamanca subsea production manifold; Source: Trendsetter Engineering
Fossil Energy

US subsea firm delivers the goods for deepwater Gulf of Mexico oil project

Texas-based Trendsetter Engineering has completed its scope of work for a deepwater oil project in the U.S. Gulf of Mexico, operated by the U.S.-headquartered LLOG Exploration.

about 2 years ago
Deepwater Invictus; Source: BHP (now Woodside)
Fossil Energy

BP takes Transocean floater rig for multi-year Gulf of Mexico work with $531 million price tag

Transocean has landed a new long-term ultra-deepwater drillship assignment in the U.S. Gulf of Mexico with BP.

about 2 years ago
Illustration; Source: Wärtsilä
Fossil Energy

Seapeak turns to Wärtsilä for 16-year optimization of ten LNG vessels

Wärtsilä has secured a multi-year renewal of its lifecycle agreement with Seapeak Maritime, an independent owner-operator of LNG vessels.

about 2 years ago
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