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CNOOC’s South China Sea Oil Field Goes On Stream

3 hours ago

China's state-owned oil and gas firm China National Offshore Oil Corporation (CNOOC) has brought on stream its Panyu 11-12 Oilfield/Panyu 10-1 Oilfield/Panyu 10-2 Oilfield Adjustment joint development project in eastern South China Sea.The project…

ADES’ Fourth Suspended Jack-Up Rig Gets Work Offshore Thailand

Dec 30, 2024

Saudi oil and gas drilling contractor ADES Holding has secured a contract with Thailand’s state-owned PTTEP for its offshore jack-up drilling rig, marking a fourth redeployment of rigs that were suspended by Saudi Aramco earlier in 2024.The contract in the Gulf of Thailand…

Saipem’s Castorone Vessel on Its Way to Türkiye’s Largest Gas Field

Dec 30, 2024

Saipem’s pipelay vessel Castorone has crossed the Bosphorus Strait in Türkiye, continuing its journey toward the Black Sea for a pipeline installation job as part of the second phase of the Sakarya project for Turkish Petroleum - Offshore Technology Center (TP – OTC)…

Vestas Lands First 15MW Offshore Wind Turbine Order in Asia Pacific

Dec 27, 2024

Vestas has received a 315 MW turbine supply order for the Oga Katagami Akita offshore wind project in Akita Prefecture in Japan.The project is being developed by Oga Katagami Akita Offshore Green Energy, a consortium consisting of JERA, Electric Power Development (J-POWER)…

Shell Shuts Down Oil Processing Unit in Singapore Due to Suspected Leak

Dec 27, 2024

Shell has shut down one of its oil processing units at the Shell Energy and Chemical Parks at Pulau Bukom in Singapore, to facilitate investigation into a suspected leak in the system, Singapore's Maritime and Port Authority (MPA) and National Environment Agency (NEA) said…

Flare Gas Recovery Meets the Future

Dec 26, 2024

Flare gas recovery lies at the heart of a range of integrated, new emissions abatement technologies.The World Bank’s 2015 launch of the Zero Flaring by 2030 initiative saw flare gas recovery become a standard part of many topside production processing systems…

Pharos Energy Extends Licenses for Two Vietnamese Gas Fields

Dec 26, 2024

UK-based oil and gas explorer Pharos Energy said its two joint ventures in Vietnam have received local government approval to extend their licenses by five years to the early 2030s.The Te Giac Trang (TGT) field, operated by the Hoang Long Joint Operating Company…

Offshore Drilling 2025: 3 Things to Watch During a Year of Market Corrections

Dec 24, 2024

2024 has been another strong year for the offshore drilling rig market with high utilization and dayrates. However, the winds of change have started to blow, and the market is already showing some signs of weakening demand and declining dayrates across the three main rig types – jackups…

Subsea Redesign Underway for Floating Offshore Wind

Dec 23, 2024

The 66kV high voltage wet mate connector currently undergoing technical qualification by Baker Hughes weighs in at around one ton and has over 40 liters of dielectric oil protecting copper cable up to 1,200 square millimeters in diameter.The…

The Five Trends Driving Offshore Oil & Gas in 2025

Dec 23, 2024

[1] Flat Outlook for Global Spend … but … Aadvantaged Projects Attract CapitalWith concerns of a softening oil market, we expect global upstream investment to remain flat or even fall – indeed, the reported 2025 budgets to date show a 3-4% drop…

China’s CNOOC Brings Bohai Sea Oil Field On Stream

Dec 23, 2024

China's state-owned oil and gas firm China National Offshore Oil Corporation (CNOOC) has started production at Suizhong 36-2 oilfield 36-2 block development project in Bohai Sea.The main production facility is a new unmanned wellhead platform…

Offshore Service Vessels: What’s in Store in 2025

Dec 19, 2024

After what we would argue has been an incredibly eventful 2024 with massive deals, tremendous dayrate developments, further charterer backlog build, and the first series of newbuild orders in years, now comes the time when we turn our gaze towards 2025…

ABS Approves Hanwha Ocean’s FPSO Design

Dec 19, 2024

American Bureau of Shipping (ABS) has awarded Hanwha Ocean an Approval in Principle (AIP) for its Pre-FEED standard FPSO design intended to create an asset optimized for deployment in the deep waters of West Africa.The FPSO design is 340 meters long and capable of storing approximately 2…

AI & Offshore Energy: The Higher the Stakes, the More Value AI Creates

Dec 18, 2024

Idle time for a drilling rig costs about $250,000 an hour. AI is being embraced across the industry to ensure it doesn’t happen.A while back, an energy major had an unfathomable, intermittent problem with its drilling operations. It was beginning to cost big money…

Floating LNG Conversion Job Slips Out of Seatrium’s Hands

Dec 18, 2024

Golar LNG has decided to call off the floating liquefied natural gas (FLNG) vessel conversion job with Seatrium, following the sale of a Moss type liquefied natural gas (LNG) carrier Golar Gandria for demolition.The first two floating liquefaction…

Current News

CNOOC’s South China Sea Oil Field Goes On Stream

ADES’ Fourth Suspended Jack-Up Rig Gets Work Offshore Thailand

Saipem’s Castorone Vessel on Its Way to Türkiye’s Largest Gas Field

Vestas Lands First 15MW Offshore Wind Turbine Order in Asia Pacific

Shell Shuts Down Oil Processing Unit in Singapore Due to Suspected Leak

Flare Gas Recovery Meets the Future

Pharos Energy Extends Licenses for Two Vietnamese Gas Fields

Offshore Drilling 2025: 3 Things to Watch During a Year of Market Corrections

Subsea Redesign Underway for Floating Offshore Wind

The Five Trends Driving Offshore Oil & Gas in 2025

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