Latest News - page 40


Indonesia's Pertamina may seek new Tuban refinery partner due to Rosneft uncertainty

Oct 06, 2023

Indonesia may seek a new partner for state-run Pertamina's refinery project in Tuban, East Java, due to uncertainty over its partnership with Russia's Rosneft, the chief economic minister has said. The uncertainty was over geopolitical-related…

Chevron Australia LNG Workers Back Strike Threat in Second Meeting, No Talks

Oct 06, 2023

Workers at Chevron's two liquefied natural gas (LNG) facilities in Western Australia voted to restart strikes on Friday, endorsing a similar move by colleagues at a meeting less than 24 hours earlier.Night-shift workers at Chevron's Gorgon and…

Brunei Shell Petroleum Seeks Damages in Arbitration Against Sapura Fabrication, Sapura Offshore

Oct 03, 2023

Sapura Energy said Monday that Brunei Shell Petroleum had issued notices of arbitration to its subsidiaries Sapura Fabrication and Sapura Offshore.Brunei Shell Petroleum is seeking arbitration against Sapura Fabrication in relation to the Salman development…

Refinery Maintenance Puts a Dent in Russia's Seaborne Diesel Exports

Oct 03, 2023

Seaborne diesel and gasoil exports from Russian ports fell 27% in September from a month earlier to about 2.76 million tonnes due to a major overhaul of refineries and a fuel export ban, data from traders and LSEG showed.Idle primary oil refining capacity for September stood at 4…

Dyna-Mac to Construct FPSO Topsides for Unnamed Client

Oct 03, 2023

Singapore-based Dyna-Mac has secured several contracts, including an order to construct topside modules for an FPSO vessel.Dyna-Mac said that it had recently secured contracts worth a total provisional sum of S$88.0 million from unnamed repeat customers…

PTTEP May Seek Extension for Myanmar Gas Fields

Oct 03, 2023

Thai oil and gas giant PTT Exploration and Production (PTTEP) may extend its contracts for two gas fields in neighboring Myanmar when one ends in 2028 and the other in about 20 years, its chief executive said on Monday.PTTEP also bid for two…

Financing Secured for 1GW Offshore Wind Project in Taiwan

Sep 28, 2023

Northland Power Inc. said Thursday that its Hai Long offshore wind project in Taiwan had met all conditions to close its 1171 billion New Taiwan Dollars long-term non-recourse green financing. This is the equivalent of around CAD 5 billion, or $3…

Taiwan Aims to Shed Dirty Power Reputation with Big Wind Push

Sep 28, 2023

One of the dirtiest and most import-dependent power sectors in Asia is on a clean-up drive. Taiwan currently imports roughly 98% of its energy sources and gets more than 80% of its electricity from fossil fuels, including around 43% from coal and 39% from natural gas…

NRL Plans to Boost Low-sulphur Fuel Oil Output for Ships

Sep 27, 2023

Pakistan National Refinery Limited (NRL) has started producing very low sulphur fuel oil (VLSFO) for ships and is planning to expand its monthly output by at least five-fold in six months, the company said late Tuesday.The company is producing about 2…

QatarEnergy Orders 17 Ultra-Modern LNG Carriers for $3.9 Billion

Sep 27, 2023

Qatari oil and gas company QatarEnergy has ordered 17 'ultra-modern' LNG carriers from South Korea's HD Hyundai Heavy Industries (HHI).The deal, signed at a ceremony in Seoul, is valued at 14.2 billion Qatari Riyals (currently around $3,9 billion)…

Malaysian FPSO Firm Bumi Armada Gets Hold of Indonesian Block with Two Discoveries

Sep 26, 2023

Bumi Armada Berhad, a Malaysian company known for its FPSO leasing business, said Monday it had, via its subsidiary Armada Akia B.V (“AABV”) and its co-bidder, Pexco Tarakan NV, signed a Production Sharing Contract with the Ministry of Energy…

Mideast-Asia Oil Shipping Rates Rebound, Capped by OPEC+ Supply Cuts

Sep 26, 2023

The cost of chartering a supertanker to load Middle Eastern crude oil for Asia has rebounded from a 19-month low in September, but industry sources expect output supply cuts, led by Saudi Arabia, to cap freight rates for the rest of the year…

COSL to Buy Four New Jack-Up Drilling Rigs for $445M

Sep 22, 2023

China-based offshore drilling contractor China Oilfield Services Limited (COSL) said this week it had agreed to buy four jack-up drilling rigs from Dalian Shipbuilding Offshore.COSL's subsidiaries have agreed to buy four JU2000E jack-up drilling rigs at a total contract price of RMB3…

Japan's Mitsui, Canada's Northland to Build 1 GW Offshore Wind Farm in Taiwan

Sep 22, 2023

Japan's Mitsui & Co said on Friday it had finalized a plan with Canada's Northland Power Inc. to build a 1 gigawatt (GW) offshore wind farm in Taiwan at an estimated cost of 960 billion yen ($6.5 billion). The deal comes as countries around…

Chevron Accepts Australian Labour Tribunal's Terms to End Strike at LNG Plants

Sep 21, 2023

Chevron said on Thursday it had accepted recommendations from Australia's labor regulator to end its dispute with unions at its liquefied natural gas (LNG) facilities in Western Australia.The Fair Work Commission of Australia, which has the power to impose a settlement…

Current News

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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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