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Fossil Energy

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FPSO; Source: MODEC
Fossil Energy

Throwback: Top oil & gas final investment decision picks

As the global oil and gas story expands with new discoveries and projects, many operators have been laying the groundwork to make final investment decisions (FIDs) for the undeveloped assets in their portfolios. Since many companies decided to sanction their existing developments in 2025, Offshore E

about 8 months ago
Armada Olombendo FPSO is operating for Eni off Angola
Fossil Energy

2025’s greatest trio of oil & gas, FPSO, and LNG mergers that never came to fruition

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While multiple consolidation moves have sprung up across the offshore energy and maritime arenas over the past 12 months, some never bore fruit. Offshore Energy has selected three business combination plays, regardless of whether they were born of truth or fiction, that did not make it to the finish

about 8 months ago
Illustration; Source: ADES
Fossil Energy

Ten big consolidation moves across rig, oil & gas, and shipping spheres

As the global consolidation momentum builds against the backdrop of ever-changing and challenging geopolitical conditions and energy realms, many companies engaged in the offshore drilling, subsea, hydrocarbon exploration and production (E&P), and maritime arenas are working to strengthen their plac

about 8 months ago
Offshore Energy Recap 2024
Fossil Energy

Readers’ choice: Offshore Energy’s most-read news in 2025

As the offshore energy sector continued to navigate the energy transition and technological development, but also uncertainty, 2025 saw continued shifts in policy, investment, and project development across the global energy landscape. To mark the year’s end, the Offshore Energy editorial team looks

about 8 months ago
FPSO Penguins; Source: Shell
Fossil Energy

Highlights reel of top UK oil & gas consolidation plays

The global oil and gas scene is witnessing a wave of consolidation moves through strategic mergers and acquisitions, especially in the United Kingdom (UK), where the windfall tax on oil and gas producers’ profits remains in force. The transformation across Britain’s hydrocarbon industry is gaining g

about 8 months ago
Illustration; Source: Petrobras
Fossil Energy

Petrobras rubber-stamps oil & gas project offshore Brazil: FPSO negotiations drawing to a close

Brazilian state-owned energy giant Petrobras has made a final investment decision (FID) for a development in the Sergipe Alagoas Basin off the coast of Brazil. This project in the Northeast region is anticipated to expand the supply of gas.

about 8 months ago
Saipem tasked with more work at Türkiye's largest natural gas field under $425M contract
Fossil Energy

Saipem tasked with more work at Türkiye’s largest natural gas field under $425M contract

Italy’s Saipem has secured additional work at the largest natural gas field in Türkiye as part of a new contract with Turkish Petroleum Offshore Technology Center (TP-OTC) worth approximately $425 million. The contract has been secured for the extension of the third phase of the Sakarya gas field de

about 8 months ago
Zama graphic; Credit: Wintershall Dea, now Harbour Energy
Fossil Energy

Multibillion-dollar oil project getting new operator as Pemex passes the baton to Harbour

London-listed oil and gas company Harbour Energy is taking over the operator role at a giant oil field in the Sureste Basin off the coast of Tabasco state.

about 8 months ago
A large vessel at sea
Fossil Energy

Order for new LNG vessel trio lands on Korean player’s plate

Greece-headquartered shipping player Capital Clean Energy Carriers Corp. (CCEC) has tasked South Korea’s HD Hyundai Samho (Hyundai) to construct three liquefied natural gas (LNG) carriers (LNGC) set for delivery in 2028 and 2029.

about 8 months ago
Illustration; Source: Gulf Marine Services (GMS)
Fossil Energy

GMS vessel staying on in GCC region

Gulf Marine Services (GMS), a UAE-headquartered provider of self‐propelled, self‐elevating support vessels for the offshore energy sector, has secured more time for one of its mid-size vessels in the Gulf Cooperation Council (GCC) region.

about 8 months ago
Saipem secures two contracts with Saudi Arabia’s Aramco worth $600M
Fossil Energy

Saipem secures two contracts with Saudi Arabia’s Aramco worth $600M

Italy’s Saipem has secured two offshore contracts in Saudi Arabia worth approximately $600 million under its existing long-term agreement with the country’s energy heavyweight Aramco. The first contract release purchase order (CRPO) covers the engineering, procurement, construction, and installation

about 8 months ago
Illustration; Source: Soiltech
Fossil Energy

Floater deal comes Soiltech’s way

Norway-based cleantech service provider Soiltech has landed a new floater deal on the Norwegian Continental Shelf (NCS).

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

Transocean rig encounters gas as it spuds next well in drilling campaign offshore Australia

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

about 8 months ago
Noble Resolute; Source: Noble Corporation
Fossil Energy

Noble entrusts Norwegian player with job on 2009-built rig

Noble Corporation, a U.S.-based offshore drilling giant, has assigned a task for its 16-year-old jack-up rig to Norway-based cleantech service provider Soiltech.

about 8 months ago