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Fossil Energy

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Ellen and Elly offshore platforms near Long Beach, California; Credit: Bureau of Safety and Environmental Enforcement
Fossil Energy

Amplify Energy gets new COO

Amplify Energy Corp. has revealed the appointment of a new Chief Operating Officer (COO), who will assist the firm in bolstering its cash flow generation.

about 3 years ago
Illustration; Source: Shell
Fossil Energy

Shell unveils two energy scenarios with the world caught in security and climate woes’ grasp

Shell has revealed two energy security scenarios, exploring how the world could evolve and looking into the possible energy and climate outcomes that could come to pass in a world that has security in all its shapes and forms as a prevailing concern.

about 3 years ago
Investigation looking into whether oil and gas firm failed to meet North Sea license obligations
Fossil Energy

Investigation looking into whether oil & gas firm failed to meet North Sea license obligations

UK regulator North Sea Transition Authority (NSTA) has launched an investigation into whether an oil and gas company possibly failed to meet license obligations, including seismic survey and work program commitments, designed to stimulate activity. The investigation will look into whether the compan

about 3 years ago
Illustration; Source: Wood Mackenzie
Fossil Energy

What are key areas the U.S. needs to jump-start on the road to net-zero by 2050?

As it is estimated that investments amounting to a whopping $10 trillion are needed for the U.S. to reach its net-zero by 2050 goal, Wood Mackenzie, an energy intelligence group, looks into four technology pillars that would enable the U.S. to reap the benefits of the provisions within the Inflation

about 3 years ago
More work for PXGEO with Petrobras
Fossil Energy

More work for PXGEO with Petrobras

PXGEO has secured a contract with the Sépia consortium to carry out an ocean bottom node (OBN) survey in the Santos Basin offshore Brazil. The 3D survey is set to be acquired in water depths of 2,300 meters with a duration of approximately four months. PXGEO Executive Chairman Peter Zickerman said:

about 3 years ago
Oseberg field centre (for illustration purposes); Source: Harald Pettersen/ Equinor
Fossil Energy

Norway’s oil & gas output takes a downturn

Norway recorded a slight rise in oil production in February 2023 compared to last month, but oil & gas figures are still below the ones recorded in 2022.

about 3 years ago
Serica Energy
Fossil Energy

Serica one step away from closing Tailwind acquisition

Serica Energy has completed all the steps required to close the acquisition of Tailwind, aside from one, which also needs to be checked off the list.

about 3 years ago
Canadian oil and gas firm becoming sole owner of Thai subsidiary
Fossil Energy

Canadian oil and gas firm becoming sole owner of Thai subsidiary

Canada-headquartered upstream oil and gas company Valeura Energy is acquiring the remaining minority interest in its special purpose vehicle subsidiary company Valeura Energy Asia Pte. Ltd, which holds all of the company’s assets in Thailand. Through a share exchange agreement (SEA), Valeura will ac

about 3 years ago
Safe Concordia; Source: Prosafe
Fossil Energy

Prosafe participates in three tenders to get more assignments for its vessels

Offshore accommodation provider Prosafe is taking part in three ongoing tenders to win more work for its fleet of vessels.

about 3 years ago
Valhall PWP-Fenris; Source: Aker BP
Fossil Energy

While one gets dropped, nine oil & gas projects still going ahead

Aker BP has decided to move ahead with nine out of ten oil and gas projects for which PDOs were previously handed over.

about 3 years ago
Blackford Dolphin rig; Source: Dolphin Drilling
Fossil Energy

Semi-submersible rig kicks off its drilling gig in Nigeria

Offshore drilling contractor Dolphin Drilling has disclosed that one of its semi-submersible rigs has started its drilling assignment in Nigeria.

about 3 years ago
Shelf Drilling Tenacious jack-up rig; Source: Shelf Drilling
Fossil Energy

Oil & gas boom and rig shortage fuel Shelf Drilling CEO’s hopes of multi-year upcycle for jack-ups

With the oil and gas sector in high demand, Shelf Drilling is envisioning further offshore drilling market improvements, especially within the jack-up segment.

about 3 years ago
Maersk Supply Service
Fossil Energy

Maersk offloads Maersk Supply Service, completes divestment of energy-related businesses

A.P. Moller – Maersk (Maersk) has reached an agreement with A.P. Moller Holding, the parent company of the A.P. Moller Group, to divest Maersk Supply Service (MSS), specializing in the provision of global offshore marine services and project solutions for the energy sector. The move is part of Maers

about 3 years ago
Hakuryu-11 jack-up rig; Source: JDC
Fossil Energy

Japanese firm taking over country’s only offshore drilling contractor to fortify its oil & gas business

Japan’s JX Nippon is in the process of acquiring the country’s rig owner, JDC, in a bid to strengthen its position in the oil and gas industry.

about 3 years ago
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