Oil prices are set to remain on a bullish course this year given the strong recovery in global demand following the COVID-19 pandemic-induced slump, the head of the Petroleum Association of Japan (PAJ) said on Wednesday.'Global crude demand…
HullWiper launched operations at its newest location, South Korea. Through a partnership with HullWiper Korea, a company based at the Korea Maritime and Ocean University in Busan, it will provide green, sustainable and affordable hull cleaning…
Australia asked companies on Wednesday to nominate offshore acreage they want to explore for places to bury carbon dioxide, part of a government drive to promote carbon capture and storage (CCS) to help cut emissions.'The coalition government…
Oil extended its run of gains on Wednesday, climbing towards $75 a barrel to its highest since April 2019, supported by a recovery in demand from the pandemic and a drop in U.S. crude inventories.The American Petroleum Institute reported U…
Malaysian state-owned energy company Petronas and Indonesian counterpart Pertamina are on a watchlist for removal from JPMorgan’s ESG EMBI index, the bank said in a statement on Tuesday.JPMorgan said both oil majors 'are expected to exit the…
Australia has this week opened bidding for the 2021 Offshore Petroleum Exploration Acreage Release, offering areas with around 80,000 square kilometers of new acreage available for exploration in Commonwealth waters.Minister for Resources, Water…
Having scaled the peak of becoming the world's top exporter of liquefied natural gas (LNG), Australia's producers of the super-chilled fuel are contemplating switching their industry around to become the global leader in hydrogen.The keynote…
Australia, the world's biggest exporter of coal and liquefied natural gas, should view decarbonization not as a threat but as an opportunity to create a 'new, large-scale industry' in carbon offsets, Santos CEO Kevin Gallagher said on Tuesday…
Miclyn Express Offshore's Miclyn Emperor and Miclyn Empress have secured contracts to perform supply vessel operations at a gas field in the Malaysia-Thailand Joint Development Area (MTJDA) for 3 years and 2 years respectively. The two sister…
Oil and gas services company Proserv Controls, has acquired the Middle Eastern operations of Dron & Dickson Electromechanical Contracting (DDEC) LLC, for an undisclosed fee. DDEC is a UK-based specialist in the supply, assembly, and maintenance of hazardous areas and industrial electrical equipment…
Malaysian oilfield services company Uzma has received a contract from Medco to provide chemical supply and services for the Bualuang field offshore Thailand.The contract, issued to Uzma’s subsidiary MMSVS, is for three years on a callout basis…
Liquefied natural gas (LNG) prices are poised for more gains as gas-hungry China guzzles cargoes to feed a rebound in economic growth while the easing of coronavirus-induced restrictions restores industrial demand in India.Higher oil and coal…
A Malaysian manager of Norway's largest oil services provider Aker Solutions was charged on Friday over allegations he submitted false documents in dealings with state-owned energy firm Petronas , according to a court charge-sheet.Ahmad Hatta Kamaruzzaman…
In past decades, the UK has established itself as an underwater technology pioneer with 40% of the global market share. The North Sea oil and gas sector has fueled a great deal of this innovation to date. Still, as the energy transition accelerates…
Cambodia's government said on Thursday it had no immediate plan for maintaining oil production in the country, after its partner KrisEnergy announced it was headed to liquidation, just five months after extracting the country's first drop of oil…
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