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Fossil Energy

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Ithaca Energy awards Prosafe vessel with $2.73M contract extension
Fossil Energy

Ithaca Energy awards Prosafe vessel with $2.73M contract extension

North Sea oil & gas operator and producer Ithaca Energy has exercised the option for Prosafe’s flotel to stay all three remaining weeks at the Captain field in the UK sector of the North Sea. Safe Caledonia’s contract was supposed to keep the vessel at the Captain field until early February 2026, af

about 8 months ago
Himalaya Shipping’s LNG dual-fuel bulker bags new time charter agreement
Fossil Energy

Himalaya Shipping’s LNG dual-fuel bulker bags new time charter agreement

Bermuda-based bulk carrier company Himalaya Shipping has secured a new time charter agreement for its LNG dual-fuel 210,000 dwt Newcastlemax vessel, delivered in 2023. The vessel Mount Ita was delivered to Himalaya Shipping from China’s New Times Shipbuilding (NTS) in March 2023 as the second in a s

about 8 months ago
Sleipner field in North Sea; Credit: Øyvind Gravås and Bo B. Randulff/Equinor
Fossil Energy

$10 billion awards spree: Seven players split Equinor’s multibillion-dollar contracts’ cake

Equinor has handed out multiple framework agreements to seven Norwegian supplier companies, including Aibel, Aker Solutions, Wood, Rosenberg Worley, Head Energy, Apply, and IKM Gruppen with a total value of around NOK 100 billion (approximately $9.9 billion).

about 8 months ago
Drydocks World and Dixstone shake hands on FSU conversion deal; Courtesy of Drydocks World
Fossil Energy

Drydocks World in charge of LNG vessel’s rebirth as FSU

UAE-headquartered marine and offshore services provider Drydocks World Dubai, a part of DP World, has augmented its liquefied natural gas (LNG) conversion portfolio with a new refurbishment task that will allow it to give an LNG carrier a new lease on life as a floating storage unit (FSU).

about 8 months ago
ADNOC Gas' Das Island LNG facility; Source: HS Switchgear FZCO
Fossil Energy

ADNOC casts the die for gas project as FID seals path to development

The UAE’s energy heavyweight Abu Dhabi National Oil Company (ADNOC) has put the pen to paper for its ambition to boost its natural gas arsenal by propelling a gas project off the coast of Abu Dhabi, UEA, into execution phase with a final investment decision (FID).

about 8 months ago
Alaska LNG
Fossil Energy

North America’s $44 billion LNG development to power Alaska’s gold mine

Glenfarne Alaska LNG, a subsidiary of Glenfarne Group, has set the wheels in motion to secure a new deal for its liquefied natural gas (LNG) export development in Alaska by signing a non-binding letter of intent (LOI) with Donlin Gold, the developer of a mine with the same name owned by NOVAGOLD RES

about 8 months ago
Kristin platform; Credit: Marit Hommedal/Equinor
Fossil Energy

Norway marks its second best oil & gas exploration year in decade

As the global oil and gas industry continues to seek more hydrocarbons to replace depleting reserves, the Norwegian Offshore Directorate (NOD), reporting to Norway’s Ministry of Energy, has highlighted the country’s exploration results in 2025 as being among the best in several years.

about 8 months ago
Normand Turquesa vessel at sea
Fossil Energy

Petrobras keeps Solstad’s 2007-built vessel busy for another year

Brazil’s state-owned energy giant Petrobras has prolonged a contract of an anchor handling tug supply (AHTS) vessel, owned by Solstad Offshore, a Norwegian shipping company.

about 8 months ago
Aker Solutions cuts workforce and capacity due to lower activity outlook
Fossil Energy

Aker Solutions cuts workforce and capacity due to lower activity outlook

Norwegian energy services provider Aker Solutions is set to make workforce and capacity cuts as a response to an anticipated decrease in activity levels this year. After several years of record-high workload, Aker Solutions announced yesterday, January 7, that it expects activity levels to decrease

about 8 months ago
Deepsea Yantai; Source: Odfjell Drilling
Fossil Energy

Norwegian player scores new gig on Odfjell Drilling-managed rig

Norway-based cleantech service provider Soiltech has won a new assignment to perform fluid treatment and other services on a semi-submersible rig managed by Odfjell Drilling, an offshore drilling contractor.

about 8 months ago
Aker Solutions
Fossil Energy

Up to $1.2 billion in Aker Solutions’ bag as new deals with Equinor come in

Aker Solutions, a Norway-based energy services provider, has sealed multiple long-term assignments with Equinor, a compatriot state-owned energy giant.

about 8 months ago
Illustartion; Source: Wood Mackenzie
Fossil Energy

Southeast Asia richer for its ‘biggest’ black gold find in two decades and third largest since 2000

With the appraisal insights regarding an oil find offshore Vietnam coming to light, Wood Mackenzie, an energy intelligence group, has labeled this hydrocarbon exploration success as “the biggest oil discovery in Southeast Asia of the last 20 years,” perceived to offer a potential lifeline to Vietnam

about 8 months ago
An offshore rig
Fossil Energy

Golden Sea Lion roars with appraisal success at oil discovery offshore Southeast Asia

Houston-based oil and gas company Murphy Oil has achieved a new appraisal milestone related to an oil find in the Cuu Long Basin approximately 40 miles off the coast of Vietnam, Southeast Asia. This move is perceived to have unlocked significant resource upside.

about 8 months ago
Transocean Equinox, former Songa Equinox; Credit: ALP Maritime
Fossil Energy

Evaluation coming up next to shed light on early indications of gas presence offshore Australia

ConocoPhillips Australia (COPA), a subsidiary of the U.S.-headquartered energy giant ConocoPhillips, has intersected gas in Waarre reservoirs during drilling activities at a well in the Otway Basin off the coast of Australia, with a semi-submersible rig owned by Transocean, an offshore drilling play

about 8 months ago
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