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Is Asia’s Offshore Wind Sector Ready For Take-off?

Jul 01, 2020

With virtually unlimited technical potential, offshore wind could play a critical role in helping to decarbonize the region, Wood Mackenzie's  Asia Pacific Vice-Chair Gavin Thompson writes.Asia’s pathway to a low carbon future is challenging. Coal dominates in the key markets of China and India, gas is central to the power sectors of Japan and South Korea. Meanwhile, much of the technology needed to really push the region’s energy transition out of the starting blocks is nascent and expensive…

Shearwater Nabs Seismic Acquisition Work in India

Jul 01, 2020

Shearwater GeoServices has won a contract for offshore survey work in India, with Oil India Limited.The project for Oil India Ltd. is a combined 3D and 2D towed streamer seismic acquisition- and processing contract in the Andaman Sea and Kerala-Konkan coastal waters offshore India…

Saudi Aramco Suspends Seadrill's AOD II Jack-Up Rig

Jun 30, 2020

Saudi oil giant Saudi Aramco has suspended the contract for the Seadrill co-owned jack-up drilling rig AOD II.The rig has an $89,900 a day contract with Saudi Aramco in Saudi Arabia running until April 2023. The contract was signed in April 2020…

Mermaid Targets Offshore Decommissioning Work in Thailand with New Business Unit

Jun 30, 2020

Thai-based offshore services provider Mermaid Maritime has said it has launched a business branch focused on offshore transportation, installation and decommissioning.Mermaid said Tuesday its new business unit’s immediate target is potential…

Schlumberger Introduces Remote Well Op and Downhole Reservoir Testing Tech

Jun 30, 2020

Oilfield services giant Schlumberger has this week introduced two interesting technologies for remote well operations and downhole reservoir testing, the Performance Live and the Symphony, respectively.Performance Live is a digital service that optimizes remote well site operations control…

MHI Vestas to Source More Offshore Wind Turbine Parts in Taiwan

Jun 30, 2020

Offshore wind turbine maker MHI Vestas has signed a purchase agreement with local Taiwanese company, YGG, to source additional components for the upcoming production of V174 turbines to be installed offshore in Taiwan. The agreement covers rotor hubs…

Petronas Hires Maersk Developer Rig for Suriname Drilling

Jun 30, 2020

Malaysian oil company Petronas has hired Maersk Drilling's semi-submersible drilling rig Maersk Developer to drill in Suriname.The contract is for ar a one-well exploration campaign in Block 52 offshore Suriname. Maersk Drilling said Tuesday the contract was expected to start in Q3/Q4 2020…

Japan's NTT to Build Renewables Business

Jun 29, 2020

Japan's Nippon Telegraph and Telephone (NTT) will develop a renewable energy business with its own electricity grid and is likely to invest over 1 trillion yen ($9.3 billion) by fiscal 2030, Nikkei reported on Monday.The move by the telecommunications…

CNOOC Makes 'Significant' Discovery Offshore China

Jun 29, 2020

Chinese oil and gas company CNOOC has said it has made a significant discovery of Huizhou 26-6 in the Eastern South China Sea.CNOOC on Monday said the discovery was expected to become the first mid-to-large sized condensate oil and gas field in the shallow water area of Pearl River Mouth Basin…

Transborders Energy, SBM Offshore in FLNG Pact

Jun 29, 2020

Australia's Transborders Energy, a company working to develop an FLNG solution for marginal field development, has signed a partnership agreement with the floating production solutions giant SBM Offshore.Perth-based Transborders said Sunday…

OWC Sets Up Office in S. Korea

Jun 26, 2020

OWC, formerly known as Offshore Wind Consultants, has set up an office in South Korea, a country with ambitious offshore wind plans. 'We continue our expansion into key emerging markets such as South Korea. We believe a local presence is central…

Gazprom Starts Construction of Arctic Offshore Platform

Jun 26, 2020

Construction of Gazprom's ice-resistant offshore production platform for the development of the Kamennomysskoye-Sea field began Thursday at the shipyard of Southern Shipbuilding and Repair Center (part of United Shipbuilding Corporation) in the Astrakhan Region…

CSBC-DEME JV Makes FID for First Taiwan-built Offshore Installation Vessel

Jun 25, 2020

CDWE, a joint venture company between Taiwanese company CSBC and Belgian offshore contractor DEME has taken the Final Investment Decision (FID) for the construction of ‘Green Jade’, which is the first DP3 heavy lift and installation vessel to be built in Taiwan…

Japan Opens Bidding for Goto Offshore Wind Farm

Jun 24, 2020

Japan's industry ministry on Wednesday launched a bidding process to select an operator for the 21 megawatt (MW) Goto offshore wind power project in Nagasaki, southern Japan, marking its first auction under a new law to promote the sector.The…

Cortez Subsea Nets 5-Year Subsea Inspection Contract with Repsol in Malaysia

Jun 24, 2020

Subsea services firm Cortez Subsea has won a contract with Repsol to provide a subsea inspection management system (SIMS) offshore Malaysia.The UK-based company said the five-year contract was worth a six-figure sum. Cortez Subsea will deliver…

Current News

Australia: Chevron Completes Puma Energy Acquisition

Australia: Chevron Completes Puma Energy Acquisition

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Australia's Oil Search Slashes Workforce by 34%

Malaysia to Sue EU Over Palm Biofuel Restrictions

Malaysia to Sue EU Over Palm Biofuel Restrictions

Oil Barrels Come Off the Water as Storage Boom at Sea Fades

Oil Barrels Come Off the Water as Storage Boom at Sea Fades

Is Asia’s Offshore Wind Sector Ready For Take-off?

Is Asia’s Offshore Wind Sector Ready For Take-off?

DNV GL: Oil Demand, CO2 Emissions Probably Peaked in 2019

DNV GL: Oil Demand, CO2 Emissions Probably Peaked in 2019

Shearwater Nabs Seismic Acquisition Work in India

Shearwater Nabs Seismic Acquisition Work in India

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