Malaysian offshore services provider Alam Maritim has this week secured work with the Spanish oil firm Repsol, and Malaysia's marginal fields development company Vestigo.First, Alam Maritim on Tuesday said it had won a five-year deal with Repsol in Malaysia for the provision of subsea inspection…
Oil and gas giant Shell has signed long-term charters for six newbuild liquefied natural gas (LNG) carriers.Shell has signed separate agreements for two LNG ships each with affiliates of Knutsen LNG, Korea Line Corporation, and ICBC Financial Leasing and institutional investors advised by J…
Belgium-based offshore installation contractor Jan De Nul has completed the installation of four medium-voltage export cables connecting the TPC Changhua offshore wind farm to the shore in Taiwan. The company has also upgraded the onshore substation in Changhua County…
Pharos Energy, and oil and gas company formerly known as Soco International, has been granted a two-year license extension for the TGT offshore field license in Vietnam.The company said Tuesday the license had been formally granted to the Joint…
Indonesia announced over the weekend that it had made revisions to a 2017 law that will give oil and gas investors more flexibility when choosing their contract options for exploration.The revisions, which came into effect on July 16, allow…
Marine classification society American Bureau of Shipping (ABS) will provide classification services to the first floating heavy lift and installation vessel to be built in Taiwan.The vessel named the Green Jade has been commissioned by CDWE…
Mitsubishi Heavy Industries (MHI) and Copenhagen Infrastructure Partners (CIP) have entered into a 50-50 joint venture regarding the development of offshore wind projects in Hokkaido, Japan.'The partners have high ambitions to be significant…
The Japan Wind Power Association said on Thursday it aims to expand the country's offshore wind power installed capacity to 10 gigawatts(GW) in 2030 and 30-45 GW in 2040.Offshore wind power currently provides only a tiny fraction of Japan's electricity supply but is set to grow after a law…
Russian oil and gas company Sakhalin Energy has started seasonal maintenance of its Molikpaq offshore oil and gas platform, at the Russian far east.Sakhalin Energy said Friday that over 300 people, including about 160 maintenance contractor personnel…
Offshore Heavy Transport (OHT), a company specializing in, well, offshore heavy transport, has decided to diversify its offering and dive into the offshore wind turbine generator installation business.OHT said Thursday it had entered into a…
Rising OPEC and U.S. oil supply, coupled with stalled economic and crude demand recovery, have pushed the futures market structure back to indicating a surplus, last observed during oil's collapse in April and May amid the coronavirus pandemic…
Singaporean conglomerate Keppel Corp reported a loss in the first half of 2020 due to impairments in its offshore and marine business that has been battered by low global oil prices.Keppel posted a net loss of S$537 million ($390 million) for the six months to June…
Temasek Holding's $3 billion bid to acquire a controlling stake in Keppel Corp will be under scrutiny on Thursday as a big quarterly profit drop at the conglomerate could raise the risk of the state investor dropping its proposal, analysts said…
Malaysian oil and gas company Petronas Carigali will use Honeywell UOP modular natural gas processing technology at the Kasawari gas field offshore Sarawak, Malaysia.Honeywell UOP said Petronas would use its technology in the development of…
Asia will import record volumes of U.S. crude oil this month, with China leading the way, but the surge is more likely a short-term blip rather than a sustained trend. A total of 57.7 million barrels of U.S. crude is expected to land in Asia in July…
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