Asia Pacific Energy Ventures said Monday it would carve out subsidiary Twenty20 Energy Systems with plans to take it public on the Nasdaq in the second quarter of 2022.Based in Singapore, Twenty20 Energy was formed in 2014 as a subsidiary of APEV…
Offshore energy industry engineering firm Aquaterra Energy has won a $4.4 million contract with BW Energy for delivery of multiple conductors tensioning units for the repurposing of the Hibiscus Alpha jack-up rig to an offshore installation (OI)…
ASX-listed wave energy technology company Carnegie Clean Energy has launched a CETO-derived wave energy product designed for moored vessels, which 'offers a solution to the challenge of securing clean and reliable energy for offshore activities…
Oil prices rose by about 2% on Monday, extending gains as an energy crisis grips major economies amid a pick-up in economic activity and restrained supplies from major producers.Brent crude was up $1.45, or 1.8%, at $83.84 a barrel by 1336 GMT…
Malaysian oil and gas producer and energy services provider Sapura Energy said Tuesday that Reza Abdul Rahim would step down from his position as Chief Financial Officer.He will step down on October 1, 2021, after more than five years in the role…
TotalEnergies, a France-based oil major with green energy aspirations, is partnering up with energy services giant Technip Energies to develop low-carbon solutions for LNG production and offshore facilities.As part of the partner-up, which the duo says is set up to accelerate the energy transition…
Renewable energy will account for a far larger share of global supply in 2050 than major oil companies or the International Energy Agency (IEA) expect, Oslo-based consultancy Rystad Energy said on Thursday.Its updated models show renewables meeting 74% of total energy demand by 2050…
Aberdeenshire-based ROV company HPR ROV has said it has signed an exclusive two-year agreement with Saudi-based Intelligent Energy Services (i-Energy).i-Energy will act as an exclusive agent for HPR ROV in the region, enabling the firm to offer its ROV systems to the Middle East marketplace…
Malaysia's Sapura Energy has said its President and Group CEO Tan Sri Shahril Shamsuddin was retiring Monday, after leading the Group for more than 25 years. He will be succeeded by Mohd Anuar Taib, who takes over the helm as Sapura Energy Group Chief Executive Officer beginning 23 March 2021…
Singapore's Pavilion Energy Trading & Supply Pte Ltd said on Monday it signed a six-year sale and purchase agreement with Chevron Corp for about 0.5 million tonnes per year of LNG supplies from 2023.Pavilion Energy, owned by Singapore state-owned investment company Temasek Holdings…
Baker Hughes and C3 AI on Friday announced an artificial intelligence (AI) collaboration with the Malaysian oil and gas firm Petronas.Under the agreement, the two companies will deploy their joint BakerHughesC3.ai (BHC3) technology across Petronas' strategic digital transformation programs…
Simec Atlantis Energy (SAE) has informed that its Scottish built tidal turbine and generation equipment have been successfully installed in the Goto Island chain in Japan. 'The tidal turbine clocked its first 10MWh of generation within the first…
Malaysian offshore energy services firm Sapura Energy said that its Brazilian joint venture with Seadrill is not affected by Chapter 11 cases filed by several Seadrill subsidiaries operating in Asia. Sapura Energy said it was responding to media…
Wave energy converter developer Bombora has entered into an agreement with Japan's Mitsui O.S.K. Lines (MOL) to identify wave energy potential in Japan and across the region.MOL has recently said it has completed a detailed internal technical review of Bombora’s mWave wave energy converter…
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