Latest News - page 36


Steel Cutting Ceremony Held in Thailand for Norway-bound Offshore Platform

Nov 02, 2023

Norwegian oil company Aker BP and construction firm Aibel on Thursday held the first steel cutting ceremony for the Munin platform in Thailand, being built for the Yggdrasil development offshore Norway.Thai monks blessed the steel in a formal ceremony…

Australia Court Halts Santos' Pipeline Works on $3.6B Barossa Gas Project

Nov 02, 2023

Santos said on Thursday an Australian court had granted an interim injunction preventing it from starting work on laying undersea pipelines on its $3.6 billion Barossa gas project off northern Australia.The ruling comes after Simon Munkara, a traditional land owner from the Tiwi Islands…

Solstad Offshore Sells Laid Up AHTS Vessel

Nov 01, 2023

Solstad Offshore's subsidiary, Solstad Rederi, has sold the Anchor Handling Tug Supply (AHTS) vessel Nor Spring.The 2008-built, 70-meter-long AHTS vessel has been in layup in Asia since 2020. 'Delivery of the vessel to the new owner took place today…

US Targets Myanmar's State Oil and Gas Enterprise with Form of Sanctions

Nov 01, 2023

The U.S. on Tuesday imposed a form of sanctions on Myanma Oil and Gas Enterprise (MOGE), the U.S. Treasury Department said, but stopped short of imposing full blocking sanctions on the ruling junta's main source of foreign revenue.The action…

GMS Boosts Backlog to $326.2 M With Fresh Contract Wins

Nov 01, 2023

Gulf Marine Services (GMS), a provider of jack-up support vessels for the global energy industry, has secured new contracts for its fleet.The company said that it had won two contract extensions for four years in total and one new contract for two years in the GCC (Gulf Cooperation Council) Region…

McDermott-PTSC Consortium Tapped for $1B Vietnam Offshore Gas Project

Oct 31, 2023

A McDermott-Petrovietnam Technical Services Corporation (PTSC) consortium has received a limited letter of award from Vietnam's Phu Quoc Petroleum Operating Company for engineering, procurement, construction, installation (EPCI), and hook-up and commissioning (HUC) services…

Eni Could more than Double Gas Production in Indonesia, Top Exec says

Oct 31, 2023

Italy's Eni could more than double its gas production in Indonesia thanks to the development of a recent discovery and potential synergies with assets it already owns, a company executive said on Friday.Eni announced earlier this month a gas find at Geng North-1…

World Bank Sees Lower 2024 Oil Price, but Middle East War Could Cause Spike

Oct 31, 2023

The World Bank said on Monday it expected global oil prices to average $90 a barrel in the fourth quarter and fall to an average of $81 in 2024 as slowing growth eases demand, but warned that an escalation of the latest Middle East conflict could spike prices significantly higher…

MISC to Supply FSU for Petronas LNG Regasification Terminal

Oct 31, 2023

Malaysia's MISC has entered into a binding Heads of Agreement (HOA) with Pengerang LNG (Two) Sdn. Bhd. (PLNG2SB), a subsidiary of PETRONAS Gas Berhad (PGB), for the supply, operation, and maintenance of a Liquefied Natural Gas (LNG) Floating…

China's CNOOC, Two Chemical Firms Looking at Shell Singapore Assets - Sources

Oct 31, 2023

At least three Chinese companies, including state giant China National Offshore Oil Company (CNOOC) are evaluating Shell's Singapore assets and considering non-binding bids in the coming weeks for the city-state's oldest refinery, according to several sources familiar with the matter…

Australia LNG Workers Vote in Support for Chevron Deal

Oct 30, 2023

An Australian union alliance's members voted in support to endorse deals on pay and conditions at Chevron's two liquefied natural gas (LNG) facilities in Australia, the union said on Tuesday.Earlier this month, the union called off strikes originally planned at the U…

Petronet Not Seeking Additional Qatar LNG Under Deal Renewal

Oct 30, 2023

India's top gas importer Petronet LNG is not seeking additional volumes when it renews its long-term liquefied natural gas (LNG) deal with Qatar, its head of finance V. K Mishra said on Monday on an analyst call.Petronet has a 7.5-million metric…

Israel Awards Gas Exploration Licenses to Eni, BP and Four Others

Oct 30, 2023

Israel's Energy Ministry said on Sunday it had awarded 12 licenses to six companies to explore for natural gas off the country's Mediterranean coast, aiming to create more competition and diversify suppliers.The license awards, which came as the Israel-Hamas conflict entered its fourth week…

UAE's Jaber Urges Pre-COP28 Summit to Align on Fossil Fuel, Renewables Language

Oct 30, 2023

The United Arab Emirates President of COP28 said on Monday he was aware countries had strong views about including language on fossil fuels and renewables in the negotiated text of the UN climate summit but that common ground must be found.'I…

VIDEO: Allseas Inaugurates New Barge for Shallow-water Offshore Construction

Oct 27, 2023

Offshore installation services firm Allseas has inaugurated 'Sandpiper', its new barge for shallow water offshore construction activities.Allseas said Thursday that the 170-meter barge was inaugurated this week in Singapore with a special ceremony after several upgrading activities in 2022/2023…

Current News

Shell-Reliance-ONGC JV Complete India’s First Offshore Decom Project

The Future of Long-Idle Drillships: Cold-Stacked or Dead-Stacked?

TMC Books Compressors Orders for FPSO and LNG Vessels

MODEC, Sumitomo Partner Up for Delivery of Gato do Mato FPSO

Chuditch Gas Field Up for Summer Drilling Ops as Sunda Reshapes Ownership Structure

EnQuest Bags Two Production Sharing Contracts off Indonesia

Hanwha Drilling’s Tidal Action Drillship En Route to Petrobras’ Roncador Field

China's ENN, Zhenhua Oil Ink LNG Supply Deals with ADNOC

MODEC Wins ExxonMobil Guyana’s Hammerhead FPSO Contract

India Stretches Bids Deadline for 13 Offshore Deep-Sea Mineral Blocks

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