Asian Energy News - page 19


Longboat Energy Set to Tap into Malaysia's Offshore Gas Potential with Block 2A PSC

Feb 15, 2023

Longboat Energy, an oil and gas company so far mostly focused on offshore oil and gas operations offshore Norway, is expanding internationally with the recent award of an offshore exploration block in Malaysia.Longboat said Wednesday it had won a Production Sharing Contract (“PSC”) for Block 2A…

BP Acquires Majority Stake in Deep Wind Offshore's S. Korean Offshore Wind Portfolio

Feb 15, 2023

Oil major BP has formed an offshore wind joint venture with Norway's Deep Wind Offshore to develop offshore wind farms in South Korea. As part of the deal agreement, BP has acquired a 55% stake in Deep Wind Offshore’s early-stage offshore wind portfolio…

Philippines' Citicore to Invest $4B in Renewable Energy. Prepares for IPO

Feb 13, 2023

Citicore Renewable Energy Corp, one of the Philippines' biggest solar power producers, is planning to go public this year to fund a $4 billion investment in new solar projects over the next five years, its CEO said on Friday.'For a country such…

JERA to Offload Taiwan Offshore Wind Project Stake Due to Cost and Profitability Issues

Feb 13, 2023

Japan's biggest power generator JERA plans to sell its stake in a yet-to-be-built offshore wind project in Taiwan, Nikkei reported late on Friday, on concerns about high construction costs and low profitability.JERA plans to sell its 44% stake…

Malaysia's MMHE Wins $321,3M Contract for Wellhead Platforms and Pipelines in MTJDA

Feb 13, 2023

Malaysia Marine and Heavy Engineering Sdn Bhd (MMHE) has secured a contract from Carigali-PTTEPI Operating Company Sdn Bhd (CPOC) to build and install five platforms and pipelines, and for host tie-in works in the Malaysia-Thailand Joint Development Area (MTJDA)…

Blue Hydrogen: A Key Player in the Future of Energy Transition

Feb 12, 2023

The energy sector is undergoing a transformation, with a growing focus on cleaner energy sources and technologies that reduce greenhouse gas emissions and contribute to a more sustainable future. In this context, hydrogen is emerging as a key player in the energy transition…

JDC to Provide HAKURYU-11 Jack-up Rig for Work in Thai Offshore Field

Feb 10, 2023

Japan Drilling Co., Ltd. (JDC), a Japanese offshore drilling company, has won a contract to drill in Thailand.The contract, signed with Medco Energi, will see JDC provide the jack-up drilling rig  'HAKURYU-11' for work at the Bualuang field…

Eni Poised to Take Over Chevron's Stake in Indonesia Deepwater Development Project

Feb 10, 2023

Italy's Eni could take over Chevron's stake in and operatorship of the Indonesia Deepwater Development (IDD) gas project by mid-2023, a senior Indonesian energy ministry official said on Tuesday.'Currently Eni is working, and so far, so good…

Indonesia: MedcoEnergi Boosts Capex by Nearly 50%

Feb 09, 2023

Indonesian energy company Medco Energi Internasional MEDC.JK (MedcoEnergi) will raise its capital expenditure by nearly 50% to about $370 million this year, with a bigger portion allocated to oil and gas development, a company director said on Thursday…

Inpex Forecasts 38% Drop in Net Income for 2023

Feb 09, 2023

Japan's Inpex on Thursday forecast a 38% fall in net income to 270 billion yen ($2 billion) and a 19% fall in sales to 1.9 trillion yen this year, hit by lower oil prices and a stronger yen. The country's top exploration and production company…

Output to Ramp Up at Santos' John Brookes Offshore Platform after Outage

Feb 09, 2023

Australia's Santos Ltd said on Thursday that gas production from its John Brookes platform in Western Australia has resumed, following an over two-month long outage, with operations expected to ramp up to full rates in the coming days.Around late November last year…

Big Oil Doubles Profits in Blockbuster 2022

Feb 08, 2023

Big Oil more than doubled its profits in 2022 to $219 billion, smashing previous records in a year of volatile energy prices where Russia's invasion of Ukraine reshaped global energy markets and, in some cases, the industry's climate ambitions…

India's ONGC Videsh Eyes Oil, Gas 'hot spots' in Africa, Latin America

Feb 08, 2023

ONGC Videsh (OVL) Ltd, the overseas exploration arm of India's Oil and Natural Gas Corp, is looking for exploration and production investment opportunities in Africa and Latin America, such as in Ghana and Surinam, managing director Rajarshi Gupta said…

Iran Pens $900M Offshore Gas Field Development Deal

Feb 06, 2023

Iran signed a $900 million contract on Saturday with Iranian Offshore Engineering and Construction Co (IOEC) to develop the first phase of its Kish offshore gas field in the Gulf, state television reported. Under the contract, IOEC is to launch…

Woodside, Partners to Pick Plan for Timor Sea Sunrise Gas Project Soon

Feb 06, 2023

Woodside Energy Group and its partners on Monday formally committed to working rapidly to pick the best option for developing the Greater Sunrise natural gas field, factoring in for the first time the potential benefits for East Timor. The Sunrise Joint Venture…

Current News

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Seatrium and Cochin Shipyard Form Alliance to Deliver India’s Jack-Up Rigs

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Velesto Completes Removal of Wrecked Naga 7 Jack-Up Rig Off Malaysia

BP Greenlights $7B CCUS Scheme Tied to Indonesia LNG Facility

Sapura Scoops Petrobras Contract for Pan-Malaysia Offshore Services

Velesto’s Drilling Rigs Up for Automatization Overhaul Under New Tech Alliance

US Firm Finds Chinese Partner to Deliver Mobile Offshore Drilling Units

TotalEnergies and Oil India to Jointly Tackle Methane Emissions Issues

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