Izomax scored a milestone frame agreement with Shell, a deal that will enable Shell to leverage Izomax's patented AOGV technology to reinvent plant maintenance procedures.The three-year frame agreement allows Shell to fulfill ambitions for…
Strategic initiatives are attracting investors and petroleum contractors to Asia Pacific’s offshore energy market, propelling the region towards enhanced security and economic growth. As countries tap into their local resources to meet rising demand…
Mitsui O.S.K. Lines, Ltd. completed the purchase on the market of 89,500 shares of common stock of MODEC, Inc. and along with the 10,162,300 shares already acquired in June 2023, MOL now holds a 15% stake in MODEC and will make it an equity-method affiliate…
The intermittency of offshore wind power is both a challenge and an opportunity for green hydrogen production. There will be a new generation of platforms taking up space in offshore wind farms as hydrogen production is used to help balance power supply and demand…
OceanX, which is reported by its developer MingYang Group to be the world's largest single capacity floating wind power platform, embarked on its journey from Guangzhou to the Yangjiang Mingyang Qingzhou IV offshore wind farm in Guangdong, China…
SLB and Palo Alto Networks said the two will expand their collaboration to strengthen cybersecurity for the energy sector, combining SLB’s cloud and edge technologies and domain experience in the energy industry with Palo Alto Networks’ cross-industry…
Woodside and the Australian Conservation Foundation (ACF) have agreed to dismiss the ACF’s challenge to a primary environmental approval for Woodside’s Scarborough Energy Project.The Scarborough Energy Project has all primary environmental approvals in place and offshore work is progressing well…
Asian spot liquefied natural gas (LNG) prices rose to their highest in over eight months, with warmer temperatures across the region boosting power demand for cooling purposes.The average LNG price for October delivery into north-east Asia LNG-AS was at $14…
Cadeler took delivery of the fifth and newest addition to its fleet – Wind Peak, the first of seven newbuilds for which Cadeler currently has signed contracts. The P-class jack-up installation vessel was built at COSCO Shipping Heavy Industry (COSCO) shipyard in Qidong…
Canada-based oil and gas company Valeura Energy has produced first oil from its Nong Yao C development offshore Thailand.The first three of the seven Nong Yao C development wells were opened up for oil production on August 15, 2024, with additional wells to be brought online successively thereafter…
China’s Mingyang Smart Energy has started towing what’s said to be the world’s largest single-capacity floating wind platform, rated at 16.6MW, to the the Qingzhou IV offshore wind farm site in South China Sea.The floater, dubbed OceanX, features…
Australian oil and gas producer Beach Energy, backed by billionaire Kerry Stokes, slumped to a more than 2-1/2-year low on Monday after it reported a decline in profit and downgraded reserves for a key gas field in Victoria state.The company's shares closed 12…
China's state-owned oil and gas firm China National Offshore Oil Corporation (CNOOC) has announced its deepwater Lingshui 36-1 gas field in the South China Sea boasts proven reserves of more than 100 billion cubic meters (bcm).CNOOC said the…
Samsung Heavy Industries (SHI) and Equinor have signed a preferred supplier agreement for floating structures for the 750 MW Bandibuli offshore wind project being developed in South Korea.The supplier agreement for the fabrication and marshalling…
Abu Dhabi National Oil Company (ADNOC) has signed a long-term heads of agreement with Osaka Gas for the delivery of up to 0.8 million metric tonnes per annum (mmtpa) of liquefied natural gas (LNG) from the Ruwais LNG project.The LNG will primarily…
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