U.S.-based Venture Global and Japan’s Tokyo Gas have signed a new long-term liquefied natural gas (LNG) sales and purchase agreement (SPA).Under the SPA, Tokyo Gas will procure 1 million tonnes per annum (MTPA) of LNG from Venture Global for 20 years…
Timor-Leste’s Ministry of Petroleum and Mineral Resources and Woodside Energy have signed a cooperation agreement to advance studies for a Timor-based liquefied natural gas (LNG) development concept for the long-stalled Greater Sunrise fields…
Moscow and Beijing have been discussing ways to expand Russian oil exports to China, Russian Deputy Prime Minister Alexander Novak said on Tuesday.China and India have become the main buyers of Russian oil since the start of Russia's military campaign in Ukraine in February 2022…
Oil India has exercised its option to extend the drilling contract with Dolphin Drilling for the semi-submersible rig Blackford Dolphin.Further to the initial three-well firm campaign over an estimated 14-month duration, agreed in March 2024…
Pakistan approved a new offshore exploration consortium on Tuesday, clearing Turkish Petroleum Overseas Company to take over operatorship of the Eastern Offshore Block-C as part of a push to revive drilling, the adviser to the finance ministry said…
TechnipFMC has been awarded an integrated Engineering, Procurement, Construction, and Installation (iEPCI) contract by Eni for the deepwater Maha project offshore Indonesia.The project represents Eni’s first deployment of TechnipFMC’s Subsea 2…
The semi-submersible tender-assist drilling rig GHTH, owned by SED Energy Holdings’ subsidiary Energy Drilling, has started operations with Thailand’s PTT Exploration and Production (PTTEP).The rig started operating after completing preparatory work in Singapore…
MODEC has outlined plans merge its wholly owned subsidiaries MODEC America and SOFEC from the start of 2026, bringing SOFEC fully into the group as a new Mooring Solutions Business Unit.SOFEC, known for its permanent mooring systems and fluid transfer technologies…
Singapore-based engineering group Seatrium has reported strong execution in the third quarter ended September 30, 2025, bolstered by major offshore and wind project deliveries, a high-value order book and strategic asset sales.The group’s net order book stood at about $12…
Petrobras’ P-79 floating production, storage and offloading (FPSO) unit has departed South Korea’s Hanwha Ocean shipyard bound for Brazil’s Búzios field, where it will add 180,000 barrels-per-day production capacity by 2026.The P-79 set sail on November 11 from Hanwha Ocean shipyard in Geoje-Si…
Singapore-based Mooreast Holdings is set to begin feasibility studies to develop up to 500 MW of large-scale renewable energy projects in Timor-Leste.The feasibility studies, scheduled to start later in November, follow the signing of a Letter…
Petronas CCS Ventures, a wholly owned subsidiary of Malaysia’s state energy company Petronas, has received the country’s first offshore assessment permit for carbon capture and storage (CCS) in the Duyong area.The permit, issued by Malaysia Carbon Capture…
OneSubsea, a joint venture backed by SLB, Aker Solutions, and Subsea7, has secured two sizeable engineering, procurement, and construction (EPC) contracts by PTT Exploration and Production Public Company Limited (PTTEP) for two deepwater projects offshore Malaysia…
Russia’s Lukoil has accepted an offer from commodity trader Gunvor Group to buy Lukoil International, the wholly owned unit that holds the oil producer’s overseas assets, following the sanctions and restrictive measures introduced primarily by the United States…
Malaysia’s state energy firm Petronas has signed a farm-out agreement with its Indonesian counterpart Pertamina for the share of its ultra-deepwater Bobara production sharing contract (PSC), offshore Indonesia.Under the agreement, Pertamina will hold a 24…
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