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Fossil Energy

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FPSO One Guyana; Source: SBM Offshore
Fossil Energy

ExxonMobil pays $2.32 billion for Guyana-based FPSO, SBM Offshore remains in charge of ops

Netherlands-based SBM Offshore, a provider of the design, construction, installation, and operation of offshore floating facilities, and ExxonMobil Guyana, a subsidiary of the U.S.-headquartered energy giant ExxonMobil, have wrapped up the change of ownership process for a floating production, stora

about 7 months ago
Noble Globetrotter I drillship; Source: Noble
Fossil Energy

Drilling yields ‘non-significant’ gas shows, next Black Sea well to be spud soon

Southeastern Europe’s integrated energy player OMV Petrom and NewMed Energy Balkan, a subsidiary of Israel’s NewMed Energy, which have drilled a dry hole in the Bulgarian sector of the Black Sea, are weeks away from drilling another well.

about 7 months ago
Illustration. Source: BOEM
Fossil Energy

15,066 blocks up for grabs in next US offshore oil & gas lease sale

The U.S. Bureau of Ocean Energy Management (BOEM) has taken further steps to conduct the second offshore oil and gas lease sale under the One Big Beautiful Bill Act, which encompasses thirty Gulf of America (U.S. Gulf of Mexico) oil and gas lease sales.

about 7 months ago
Two final bids in the run for Denmark’s €3.84 billion carbon capture and storage fund
Fossil Energy

Two final bids in the run for Denmark’s €3.84 billion carbon capture and storage fund

The Danish Energy Agency has received two final bids for the DKK 28.7 billion (around €3.84 billion) fund for carbon capture and storage (CCS) aimed at helping the country reach its climate goals. Sixteen projects applied to be prequalified for this third CCS pool, of which ten were prequalified in

about 7 months ago
Illustration; Source: Shell
Fossil Energy

Shell sheds minor stake in Brazil’s deepwater oil & gas project to Middle Eastern firm

Shell has struck a deal to offload a minor interest in an oil and gas development off the coast of Brazil to Energy Development Corporation (EDC), an affiliate of Kuwait Foreign Petroleum Exploration Company (KUFPEC), which is a subsidiary of Kuwait Petroleum Corporation (KPC).

about 7 months ago
Floatel Victory
Fossil Energy

Floatel puts the seal on 2013-built vessel’s job with Brazilian oil & gas player

Floatel International, an offshore accommodation provider, has hammered out an assignment for a 13-year-old semi-submersible accommodation and construction support unit with Brazil’s Brava Energia.

about 7 months ago
Illustration; Source: Baker Hughes
Fossil Energy

Baker Hughes and Italian player team up to play ball on global LNG scene

Baker Hughes has banded together with Italy’s Tecnimont, Maire’s company focused on integrated engineering & construction (IE&CS) business, to explore prospective modularized, scalable liquefied natural gas (LNG) projects across the globe.

about 7 months ago
An offshore platform with a large vessel surrounded by several smaller vessels next to it
Fossil Energy

Multi-year LNG pacts strengthen Qatar’s bilateral ties with Malaysia and Japan

Qatar’s state-owned oil and gas giant QatarEnergy has sealed long-term liquefied natural gas (LNG) deals with Malaysia’s Petronas, Japan’s Ministry of Economy, Trade and Industry (METI), and JERA, the country’s largest power generation company.

about 7 months ago
Commonwealth LNG design; Source: Commonwealth LNG
Fossil Energy

$11 billion US Gulf Coast project brokers 20-year LNG and gas deals with Mercuria

Mercuria, an independent energy and commodity trader, has hammered out liquefied natural gas (LNG) sale and gas supply agreements with an LNG export project under development in Louisiana, which is being brought to life by America’s integrated gas and LNG company Caturus, controlled by the energy-fo

about 7 months ago
Pipe producer tightens its grip on giant Black Sea project with double contract win
Fossil Energy

Pipe producer tightens its grip on giant Black Sea project with double contract win

Tenaris, a Luxembourg-headquartered manufacturer and supplier of steel pipe products and related services, has scored a double win for the third phase of Türkiye’s largest natural gas field development, building on its work on the earlier phases of the project. As part of two contracts secured with

about 7 months ago
Illustration; Source: TotalEnergies
Fossil Energy

TotalEnergies bolsters its oil & gas bond with Kuwait’s oil player

France’s energy giant TotalEnergies has joined forces with Kuwait Oil Company (KOC), a subsidiary of the state-owned Kuwait Petroleum Corporation (KPC), to strengthen their cooperation, exchange expertise, and conduct technical studies.

about 7 months ago
Johan Sverdrup field; Credit: Lizette Bertelsen/Jonny Engelsvoll/Equinor
Fossil Energy

Worley confirms deals with Venture Global in US and Equinor in Norway

Worley has corroborated the award of two assignments with Norway’s state-owned energy giant Equinor for oil and gas assets on the Norwegian Continental Shelf (NCS) and Venture Global, an American producer of liquefied natural gas (LNG) sourced from North American basins, for a second phase of an LNG

about 7 months ago
FLNG Nguya; Source: Eni
Fossil Energy

Exclusive interview with Eni: Gas and LNG at crux of multiple FIDs as ‘game-changing phase’ edges closer

With a diversified pipeline of projects spanning Africa, Asia-Pacific, the Americas, and the East Mediterranean, Italy’s energy giant Eni is set on pursuing a disciplined exploration strategy focused on rapid monetization and a pragmatic, technology-driven approach to emission cuts by combining low-

about 7 months ago
Rendering of the CP2 LNG facility; Source: Venture Global via LinkedIn
Fossil Energy

Venture Global sheds light on Worley’s role at next chapter of US LNG project

Venture Global, an American producer of liquefied natural gas (LNG) sourced from North American basins, has offered insight into its agreement with Worley Field Services, an affiliate of Australia’s engineering company Worley, for a second segment of its LNG export project in Louisiana, United State

about 7 months ago
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