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Fossil Energy

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Tyra II; Source: TotalEnergies
Fossil Energy

Delay on the horizon: TotalEnergies’ testing and commissioning being prolonged at giant North Sea project

TotalEnergies is anticipating a longer testing program and commissioning plan for the achievement of full technical capacity at its gas project in the Danish sector of the North Sea.

about 2 years ago
ExxonMobil taps French pipe supplier for its sixth oil development off Guyana
Fossil Energy

ExxonMobil taps French pipe supplier for its sixth oil development off Guyana

French provider of tubular solutions Vallourec has secured a contract with ExxonMobil to deliver pipe for a deepwater oil development located offshore Guyana. The contract for the deepwater Whiptail project represents the fourth major order in the framework of the long-term agreement (LTA) signed in

about 2 years ago
Illustration; Source: Petrobras
Fossil Energy

Perenco plans to revitalize oil fields offshore Brazil once it takes over two assets from Petrobras

Perenco has unveiled a redevelopment plan for two oil assets in the Campos Basin off the coast of Brazil, which the firm will acquire from Petrobras.

about 2 years ago
Deepwater Gunashli platform; Source: BP
Fossil Energy

BP shuts down oil production at offshore platform in Azerbaijan

BP has temporarily stopped production from one of the platforms at its giant oilfield in the Caspian Sea off the coast of Azerbaijan.

about 2 years ago
Illustration; Credit: Taylor Ken/TotalEnergies
Fossil Energy

Dip in gas prices takes its toll on profit but multi-energy recipe still comes through for TotalEnergies

TotalEnergies has set its cap on pursuing a balancing act between hydrocarbons and low-carbon and green sources of supply, which cushioned the fall in profit due to the downward trend in gas prices.

about 2 years ago
Illustration; Source: Bureau of Safety and Environmental Enforcement (BSEE)
Fossil Energy

Activists go toe to toe with Big Oil in court to challenge Trump-era Gulf of Mexico drilling allowance

Earthjustice, a nonprofit environmental law organization, is preparing once again to fight tooth and nail to overthrow a Trump-era allowance in court.

about 2 years ago
Gorgon project; Source: Chevron
Fossil Energy

Tokyo Gas sells interests in four Australian LNG projects to make room for further energy transition investments

Tokyo Gas has sold minority interests in four LNG projects offshore Australia, with law firm Norton Rose Fulbright acting as legal counsel.

about 2 years ago
Rendering of proposed SPOT fixed-platform; Source: Enterprise Partners
Fossil Energy

‘Largest’ oil export project in US waters greenlighted: Smooth sailing or more legal action on the horizon?

A deepwater port license has been issued for a project that is said to be the largest oil export project in U.S. history.

about 2 years ago
Transocean Enabler rig; Credit: Jan Arne Wold/Equinor
Fossil Energy

Equinor all set to kick off drilling ops with Transocean rig

Equinor has received consent to embark on offshore drilling activities with one of Transocean’s rigs in the Barents Sea.

about 2 years ago
Significant offshore wind growth brings Fugro strong start of the year
Fossil Energy

Significant offshore wind growth brings Fugro strong start of the year

In what is described as a “strong start of the year”, Dutch geo-data specialist company Fugro reported a 9% revenue growth for Q1 2024 compared to the same period last year, said to be due to ongoing significant growth in offshore wind projects. Revenue in the first quarter was €503.2 million, a 9%

about 2 years ago
Julie Berg; Source: Aker Carbon Capture
Fossil Energy

With CFO on the move, Aker Carbon Capture picks interim one

As its current CFO steps down from the role, Norway’s Aker Carbon Capture has appointed an interim CFO, who will take the reins in 2Q 2024.

about 2 years ago
Illustration; Source: ADES
Fossil Energy

‘Major’ oil player books jack-up rig for drilling gig offshore Qatar

ADES Holding Company has secured a long-term assignment for one of its jack-up rigs off the coast of Qatar.

about 2 years ago
Johan Sverdrup; Credit: Arne Reidar Mortensen/Equinor
Fossil Energy

Oil & gas production on the rise but Equinor’s profit plummets as energy prices go down

Equinor’s net profit in 1Q 2024 has dropped by 46% compared to the figure recorded in 1Q 2023 amid a downturn in oil and gas prices.

about 2 years ago
Avenir LNG
Fossil Energy

Avenir LNG orders two 20,000 cbm LNG bunker and supply vessels in China

UK-based midstream LNG & BioLNG company Avenir LNG has entered into a shipbuilding contract with China’s Nantong CIMC Sinopacific Offshore & Engineering (SOE) in China, a subsidiary of CIMC Enric, for two 20,000 cbm LNG bunker & supply vessels.

about 2 years ago
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