Latest News - page 55


Asia Demand to Drive Cheniere's LNG Shipments this Year

Mar 07, 2023

Cheniere Energy expects to ship more liquefied natural gas (LNG) to Asia this year, after European customers took the lion's share of its 2022 cargoes, an official said on Monday.The top U.S. exporter of LNG shipped a total of 638 cargoes last year…

ONGC, TotalEnergies Sign Deepwater Exploration Deal

Mar 06, 2023

India's top explorer, Oil and Natural Gas Corp has signed a memorandum of understanding with French major TotalEnergies for exploration of deep-water blocks, the company tweeted on Monday.India, the world's third biggest oil importer and consumer…

Oil Prices Drop after Report on UAE Debating OPEC Exit

Mar 03, 2023

Oil prices slumped on Friday after the Wall Street Journal reported that the United Arab Emirates had an internal debate about leaving the Organization of the Petroleum Exporting Countries and pumping more oil.Brent crude futures fell $1.57…

MMA Offshore's Vessel Trio Nets Offshore Wind Contracts in Taiwan

Mar 03, 2023

Australian offshore support vessel owner MMA Offshore said Friday it had secured three contracts supporting offshore wind farm developments in Taiwan during 2023.The three contracts, with firm periods totaling 370 days, will increase the company’s…

Alex Doering Promoted to CFO at Carnarvon Energy

Mar 03, 2023

The Australian oil company Carnarvon Energy has named Alex Doering its Chief Financial Officer (CFO), effective June 1, 2023.Doering is the current Financial Controller at Carnarvon and Joint Company Secretary, and has been with the company…

Cepsa Sells its Interests in UAE Oil Concessions to TotalEnergies

Mar 02, 2023

Spanish firm Cepsa has agreed to sell its exploration and production business in the United Arab Emirates to the French oil major TotalEnergies.The assets being sold include Cepsa’s 20% participating interest in the Satah Al Razboot, Umm Lulu…

CNOOC Confirms Third Oilfield Discovery with 100 Million Tons of Reserves in Southern Bohai Sea

Mar 02, 2023

Chinese oil company CNOOC Limited has informed it has discovered the Bozhong 26-6 oilfield in the Bohai Sea, off China, saying the discovery 'brings another hundred million tons of reserves.'Bozhong 26-6 oilfield is located in the south of the Bohai Sea…

Oman to Offer Offshore Oil and Gas Blocks in 2023 - Tweet

Mar 02, 2023

Oman is in the preparation process to offer a new batch of oil and gas concession areas by the end of the first quarter of 2023, the energy ministry said in a tweet on Thursday.While the first batch will target onshore blocks, the Gulf-state…

China Importing Russian Oil at Record Pace

Mar 02, 2023

China's seaborne imports of Russian oil are set to hit a record this month after refiners took advantage of cheap prices as domestic fuel demand rebounded, but Russia's plan to cut exports will likely cap buying in coming months.Hefty Chinese buying…

Petronas Clean Energy Arm Sees India, Australia as Key in Rapid Growth Plans

Mar 01, 2023

Gentari, the clean energy arm of Malaysia's state oil firm Petronas, sees India and Australia as its key markets for growth and expects to tap more financing to meet its ambitious targets, its chief executive told Reuters.Petronas launched Gentari as a separate entity in June…

Greece's First FSRU Project Starts with Conversion at Keppel

Mar 01, 2023

Work has begun to develop Greece’s first Floating Storage Regasification Unit (FSRU) at the Keppel shipyard in Singapore, with the conversion of GasLog’s DNV classed LNGC Gaslog Chelsea, recently renamed Alexandroupoli.Following conversion,…

Farra Marine Orders Seven New CTVs

Mar 01, 2023

Irish crew transfer vessel (CTV) owner and operator Farra Marine has expanded its fleet of CTVs after ordering another seven vessels from Singapore-based Penguin Shipyard International. The new CTVs are part of the WindFlex-27 series, and when…

Harvest Smart Buoy Tech Helps Deliver Data from the Seafloor

Feb 28, 2023

Australia's Harvest Technology Group Limited said it has developed a unique solution for an oil and gas exploration company, enabling access to real-time data from the sea floor.The system uses acoustic transfer technology to securely transmit…

Severe Weather Delays Jadestone Energy's Montara Field Restart Plans

Feb 28, 2023

Asia Pacific-focused oil and gas company Jadestone said Monday it wouldn't meet its previously planned end-of-month production restart from the Montara field, off western Australia, as bad weather was hampering topside maintenance work on the Montara Venture FPSO…

Singapore's Keppel Completes $3.34B Sale of Offshore Unit to Sembmarine

Feb 28, 2023

Singapore's Keppel Corp said on Tuesday that Sembcorp Marine (Sembmarine) has completed a S$4.50 billion ($3.34 billion) buyout of its offshore & marine unit after receiving the necessary shareholder approvals. ($1 = 1.3484 Singapore dollars) (Reuters - Reporting by Jaskiran Singh in Bengaluru…

Current News

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Makin' a List ... Trump Prioritizes Energy Exploration, Production, Export

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

Keppel Reclaiming Control of 13 Rigs to Cash In on Offshore Drilling Market's Growth

Global Offshore Wind Stumbles to the End of '24

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