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Fossil Energy

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Prince TLP; Source: MODEC
Fossil Energy

New oil & gas discovery for Talos in Gulf of Mexico

Talos Energy has made a commercial oil and natural gas discovery in the Gulf of Mexico, which will be tied back to an existing platform.

about 3 years ago
£1.6 billion spent on North Sea decommissioning in 2022, activity expected to remain high
Fossil Energy

£1.6 billion spent on North Sea decommissioning in 2022, activity expected to remain high

The North Sea oil & gas industry spent £1.6 billion on decommissioning redundant wells and infrastructure last year, more than in any of the previous five years, the latest report by the North Sea Transition Authority (NSTA) states. The industry spent a total of around £8 billion from 2017-2022 and

about 3 years ago
Beach Energy
Fossil Energy

Beach Energy picks former Santos COO as its new CEO

Beach Energy has appointed a new Managing Director and Chief Executive Officer (CEO), which will take over the reins from 21 February 2024.

about 3 years ago
Snøhvit Future (illustration); Source: Equinor
Fossil Energy

Snøhvit Future is a go, underpinning Norway’s role as low-emission gas supplier

The Norwegian government has given its stamp of approval for the Equinor-operated Snøhvit Future project, which comes with plans for the future operation of Snøhvit and Hammerfest LNG, subject to certain conditions.

about 3 years ago
MOPU Tchatamba-A and FSO Madiela at the Tchatamba Marine-1 field approximately 100 miles southwest of Port Gentil in the Gulf of Guinea; Source: MODEC
Fossil Energy

Tullow bags several oil & gas licence extensions in Gabon

Tullow Oil has gained approval from the government of Gabon for the extension of several of its Gabon licences to 2046.

about 3 years ago
Brage platform; Source: OKEA
Fossil Energy

New operator taking the helm at North Sea oil & gas discovery

OKEA will be taking over the operatorship next month from the compatriot player, DNO Norge, at the Brasse license in the North Sea.

about 3 years ago
Ocean Endeavor rig; Source: Diamond Offshore
Fossil Energy

New rig deals bolster day rates and lift Diamond Offshore’s backlog to $1.6 billion

Diamond Offshore has tucked under its belt new contracts and extensions for its rig fleet in the U.S. Gulf of Mexico, the UK, and Senegal.

about 3 years ago
Valaris DS-14 drillship; Source: Valaris
Fossil Energy

Valaris undertakes $400 million private placement to fund acquisition of two drillships

Valaris revealed a pricing of $400 million upsized private placement of additional 8.375 per cent senior secured second lien notes due 2030.

about 3 years ago
Oil Rocks infrastructure centre connecting other oil fields of Azerbaijan (for illustration purposes); Source: SOCAR
Fossil Energy

TotalEnergies and SOCAR take on ADNOC as partner in gas field off Azerbaijan

TotalEnergies and SOCAR have inked a deal, which will enable each to sell a 15 per cent participating interest in a gas field off Azerbaijan.

about 3 years ago
Illustration; Source: API
Fossil Energy

American govt urged to hammer out ‘robust’ offshore oil & gas leasing programme

18 energy trade groups have called on the Biden administration to finalise a new five-year programme for federal offshore leasing.

about 3 years ago
TechnipFMC and Aker Solutions secure additional work offshore Angola
Fossil Energy

TechnipFMC and Aker Solutions secure additional work offshore Angola

Azule Energy, a joint venture between BP and Eni, has awarded TechnipFMC and Aker Solutions with contracts for its Ndungu project offshore Angola. TechnipFMC has received a contract, worth between $75 million and $250 million, to supply flexible pipe for the project that will tie into Block 15/06 We

about 3 years ago
Valaris DS-12 drillship; Source: Valaris
Fossil Energy

Valaris drillship starts work offshore Angola

Valaris has confirmed the start of TotalEnergies’ drilling campaign offshore Angola, which is being carried out by one of its drillships.

about 3 years ago
Valaris (former Ensco) 107 jack-up rig; Source: Carnarvon
Fossil Energy

Valaris: As four rigs land new jobs, all roads lead to ‘strong and sustained upcycle’ in offshore drilling

Valaris has won new contracts for two floaters and two jack-ups in its rig fleet for work in West Africa, the Gulf of Mexico, and Australia.

11 minutes read
Gas compressor for 'world's largest offshore CCS project' ordered from Japan
Fossil Energy

Gas compressor for ‘world’s largest offshore CCS project’ ordered from Japan

Malaysia Marine and Heavy Engineering (MMHE) has placed an order with a Japanese company for a gas compressor to be used for what the company says is the world’s largest offshore carbon capture and storage (CCS) project. The Tokyo-headquartered Kawasaki Heavy Industries revealed on 1 August that it

about 3 years ago
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