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Fossil Energy

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Oil & GasBusiness & FinanceBusiness Developments & ProjectsExploration & ProductionRigsProject & TendersClean FuelLiquefied Natural GasOther FuelsAuthorities & GovernmentRegulation & PolicyDecommissioningFPSO & VesselsVesselsEnvironmentRules & RegulationGreen MarineSubsea
Arcius Energy signed the Harmattan scope execution contract with its partners, PhPC and ENPPI, witnessed by its CEO, Egyptian Natural Gas Holding Company (EGAS), BP and XRG, underscoring strong collab
Fossil Energy

BP and ADNOC’s JV pouring $500 million to bring Egyptian gas project to life

Arcius Energy, an affiliate of the UK-headquartered BP and the UAE-based ADNOC’s XRG, has made a final investment decision (FID) for a natural gas field off the coast of Egypt.

about 5 months ago
Transocean Barents semi-submersible rig; Source: Transocean
Fossil Energy

Transocean’s rig trio scoops up $1 billion for drilling jobs in Norway and Brazil

Switzerland-based offshore drilling contractor Transocean has found more work for a harsh environment semi-submersible in Norway and two ultra-deepwater drillships off the coast of Brazil.

about 5 months ago
SSV Victoria rig; Source: Ventura Offshore
Fossil Energy

Ventura Offshore scores multimillion-dollar rig extensions with Petrobras

Brazilian deepwater offshore drilling contractor Ventura Offshore has won two contract extensions with the country’s state-owned energy giant Petrobras for a sixth-generation semi-submersible rig and a seventh-generation drillship it manages on behalf of Eldorado Drilling, an offshore drilling playe

about 5 months ago
Rendering of the proposed LNG terminal; Source: LNG Alliance
Fossil Energy

Another 20-year LNG offtake lands in Mexican project’s bag

International Resources Holding (IRH), the Abu Dhabi-based natural resources investment platform and a subsidiary of 2PointZero Group, has struck a multi-year liquefied natural gas (LNG) supply deal with Amigo LNG, a Mexican joint venture between Texas-based Epcilon LNG and Singapore’s LNG Alliance,

about 5 months ago
Elba LNG terminal; Source: Kinder Morgan
Fossil Energy

Green light for more US LNG to non-free trade agreement countries

Southern LNG Company, a subsidiary of the North American energy infrastructure player Kinder Morgan, has received the go-ahead for additional exports of liquefied natural gas (LNG) from a terminal in Chatham County, Georgia.

about 5 months ago
Chevron-operated Leviathan gas asset; Source: NewMed Energy
Fossil Energy

Mediterranean gas field back online after shutdown due to regional safety woes

Chevron Mediterranean Limited (CML), a subsidiary of U.S.-headquartered Chevron, and its partners have resumed gas production from a giant natural gas project off the coast of Israel.

about 5 months ago
Offshore rig
Fossil Energy

Rig gigs with Petrobras bring Constellation $1.1 billion in additional backlog

Constellation Oil Services, a Brazilian drilling contractor, has augmented its contract backlog thanks to extensions of drilling assignments for three rigs with Brazil’s state-owned energy giant Petrobras.

about 5 months ago
FPSO Northern Endeavour; Source:
Fossil Energy

27-year-old FPSO ends its final voyage at European ship recycling facility

A floating production, storage, and offloading (FPSO) unit has reached its final destination in Europe, where it will be recycled at Modern American Recycling Services (MARS) in Denmark.

about 5 months ago
Ran jack-up rig; Source: FOSS & ESG; Credit: Borr Drilling
Fossil Energy

Borr Drilling’s rig quartet lines up work in four corners of the world

Borr Drilling, an offshore drilling player with its corporate base in Bermuda, has landed new drilling assignments for multiple premium jack-up rigs, spanning four continents: Africa, Asia, Europe, and the Americas.

about 5 months ago
Noble Globetrotter I drillship; Source: Noble
Fossil Energy

No ‘significant’ gas volumes in Black Sea exploration well

OMV Offshore Bulgaria, an affiliate of Southeastern Europe’s integrated energy player OMV Petrom, NewMed Energy Balkan, a subsidiary of Israel’s NewMed Energy, and Bulgarian Energy Holding EA have drilled a second exploration well in the Black Sea off the coast of Bulgaria.

about 5 months ago
Illustration; Source: BOEM
Fossil Energy

US portrays offshore leasing and planning as ‘critical’ to historic oil output highs

The U.S. Department of the Interior’s Bureau of Ocean Energy Management (BOEM) has spotlighted the role offshore leasing and planning play in driving record oil production on the U.S. Outer Continental Shelf (OCS).

about 5 months ago
Illustration; Source: Petronas
Fossil Energy

Trio picks up new production sharing contract in Peninsular Malaysia

A new production sharing contract (PSC) for an asset off the coast of Malaysia has been awarded to Medco Asia Pacific, a wholly-owned subsidiary of Indonesia’s PT Medco Energi Internasional (MedcoEnergi), Dialog Resources, and EnQuest Petroleum Production Malaysia, a subsidiary of London Stock Excha

about 5 months ago
Tidewater
Fossil Energy

ABL supporting Tidewater’s vessels in Mediterranean, Black Sea, and wider Europe

ABL’s Egyptian operation, part of Oslo-listed global consultancy ABL Group, has sealed a new deal with Tidewater Marine Egypt, a subsidiary of Tidewater, to provide certain services to the fleet owner and operator’s offshore support vessels (OSVs) working in the Egyptian part of the Mediterranean Se

about 5 months ago
Illustration; Source: Chevron
Fossil Energy

African gas project ticks FID off the list as Subsea7 scores multimillion-dollar deal

U.S.-headquartered energy giant Chevron has taken a final investment decision (FID) for a gas monetization project off the coast of Equatorial Guinea. Noble Energy EG, a Chevron company, has tasked Luxembourg-domiciled Subsea7 with the subsea installation scope for this project.

about 5 months ago
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