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Fossil Energy

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Oil & GasRigsBusiness & FinanceBusiness Developments & ProjectsExploration & ProductionProject & TendersCarbon Capture Usage & StorageOperations & MaintenanceLow-Carbon TransitionAuthorities & GovernmentEnvironmentRegulation & PolicyRules & RegulationTransitionVesselsGreen MarineCollaborationOutlook & StrategySafetyDeepwater InstallationSubseaEquipmentHuman CapitalDecommissioning
Valaris (former Ensco) 107 jack-up rig; Source: Carnarvon
Fossil Energy

Beach Energy awaits Valaris rig to spud well off New Zealand

Beach Energy is now targeting the start of drilling operations at its development well off Taranaki towards the end of the first quarter of 2024.

about 3 years ago
Saipem
Fossil Energy

Large-scale CO2 capture project added to Saipem’s workload in Europe

Saipem has inked a letter of intent for work on a large-scale CO2 capture project with Stockholm Exergi

about 3 years ago
Peregrino field off Brazil; Credit: Einar Aslaksen/Equinor
Fossil Energy

Lower oil & gas prices take a bite out of Norwegian energy giant’s profit

Equinor’s profit was cut in more than half from record-high figures seen last year due to significantly lower energy prices.

about 3 years ago
Illustration; Source: Offshore Energies UK (OEUK)
Fossil Energy

Court fight on UK govt’s hands over oil & gas licensing round

Greenpeace has decided to take the UK government to court over – what it deems to be – an “unlawful” oil and gas decision.

about 3 years ago
IDD project's FPU off Kalimantan, Indonesia; Source: Chevron
Fossil Energy

By taking over Chevron’s assets off Indonesia, Eni enriches its gas and LNG portfolio

Italian oil major Eni has decided to enhance its oil and gas portfolio further by acquiring Chevron’s Indonesian assets.

about 3 years ago
Siem Aquamarine; Source: Siem Offshore
Fossil Energy

Two Siem vessels booked for work in Australia

Siem Offshore has secured a new deal for two of its anchor handling tug supply (AHTS) vessels with an undisclosed operator in Australia.

about 3 years ago
FSO Safer
Fossil Energy

Long-awaited oil removal from ‘ticking bomb’ FSO Safer kicks off in Red Sea

The much-anticipated removal of more than 1 million barrels of oil from the decaying FSO Safer off Yemen’s Red Sea coast started today. The ship-to-ship transfer of oil to the replacement tanker Yemen, formerly known as Nautica, which arrived in Yemen a few days ago, is expected to last 19 days. The

about 3 years ago
Steven Guilbeault, Canada’s Minister of Environment and Climate Change; Source: Canadian government
Fossil Energy

Canada puts a lid on fossil fuel subsidies but exceptions throw a lifeline to oil & gas industry

The Canadian government has now set its cap on making good on its climate commitment to phase out inefficient fossil fuel subsidies.

about 3 years ago
French firm expands its work scope for one of the world’s largest deepwater fields
Fossil Energy

French firm expands its work scope for one of the world’s largest deepwater fields

French provider of tubular solutions Vallourec has secured two new orders to deliver line pipes for an oil field development operated by Petrobras offshore Brazil. As part of the orders defined as “major”, Vallourec will supply line pipes for phases 6 and 8 of the Búzios oil field development. The o

about 3 years ago
Shell
Fossil Energy

Shell sells stake in deepwater block off Indonesia

Shell has inked a sale and purchase agreements with Petronas and Pertamina to divest its entire stake in a deepwater block off Indonesia.

about 3 years ago
Prelude FLNG; Source: Shell
Fossil Energy

Shell awaits green light for work on gas project off Australia

Shell has submitted an environment plan (EP) for the installation of the drilling template on the Crux natural gas field off Australia.

about 3 years ago
Mike Wirth, Chevron's chairman and CEO; Courtesy of Chevron
Fossil Energy

Chevron enables current CEO to remain longer in the role and unveils new CFO

Chevron has disclosed a waiver of the mandatory retirement age for its current chairman and chief executive officer (CEO).

about 3 years ago
Well-Safe Defender rig; Source: Well-Safe Solutions (video)
Fossil Energy

Well-Safe Solutions rig winds down decom ops at one North Sea field and moves to another

Well-Safe Solutions’ semi-submersible rig has wrapped up its decommissioning assignment on one of the fields on the UKCS.

about 3 years ago
Uranus rig; Source: Trillion Energy
Fossil Energy

With more natural gas in mind, two players looking into energy potential in Türkiye and Bulgaria

Trillion Energy has entered into a non-disclosure agreement with a Global energy trading company, to explore strategic energy opportunities in Bulgaria and Türkiye.

about 3 years ago
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