Malaysian offshore services company Perdana Petroleum has secured contracts for three Anchor Handling Tug and Supply vessels with Petronas Carigali.Perdana Nautika will provide the three AHTS vessels with crews and equipment to perform 24-hour services for assisting and/or servicing drilling rigs…
Oil prices running at their hottest level in 14 years are poised to cut post-COVID pandemic fuel demand as consumers react to surging pump and power prices by pulling back on spending and travel, top energy executives warned on Monday.Global…
Japanese industry minister Koichi Hagiuda said on Tuesday that the Sakhalin energy projects 'will effectively freeze' given the exit of Western stakeholders and that Japan would therefore wait to see how the situation plays out to make any decision…
Seven oil and gas companies have submitted bids for nine blocks offered during the Timor-Leste Second Licensing Round period 2019/2022'The Minister of Petroleum and Mineral, Mr. Victor da Conceição Soares officially opened the Bid Submission…
High Tien Offshore (HTO) signed a Letter of Intent with Jong Shyn Shipbuilding (JSS) to build Taiwanese Crew Transfer Vessels (CTV) in JSS' shipyard for use in the Taiwanese offshore wind farm industry, supporting developers’ bidding for the offshore windfarms of zonal development in Round 3…
Empyrean Energy, a company gearing up to start drilling at its Jade prospect, offshore China, said Monday that China Oilfield Services Limited ('COSL') had successfully completed the well site survey required over the Jade Prospect drilling location…
Oil prices spiked to their highest levels since 2008 on Monday as the United States and European allies weighed a Russian oil import ban and delays in the potential return of Iranian crude to global markets fuelled supply fears.In the first few minutes of trade Brent crude reached $139…
Chinese refiners are paying for Russian crude oil using cash transfers to maintain imports from Russia’s Fast East, as banks shy away from financing the oil because of sanctions, sources with knowledge of the matter said.Global oil prices have…
Bursa Malaysia-listed marine oilfield services provider Coastal Contracts has agreed to sell three of its vessels for RM109.7 million (around $26.2 million).The company, based in Sabah, Malaysia, said earlier this week that its subsidiaries…
Australia's Victoria state on Friday set targets of at least 2 gigawatts (GW) of offshore wind power by 2032, and 9 GW by 2040, setting up ambitious goals to help fill a gap in power supply as coal-fired plants shut down.Australia, heavily dependent on coal-fired power…
Japan's Mitsui OSK Lines, Toho Gas, and Hokuriku Electric Power will buy a stake of 25% in Formosa International Investment from Australia's Macquarie Group to enter Taiwan's offshore wind power business.The Japanese firms said the deal takes them into the overseas offshore wind power market…
Korea Floating Wind ('KF Wind'), a joint venture between Ocean Winds and Aker Offshore Wind, has received its second Electric Business License (EBL) from South Korea's government for a capacity of 450 MW, 'Obtaining the second EBL represents…
Oslo-listed FPSO leasing firm BW Offshore said Wednesday it had received a one-year contract extension for the lease andoperation of the FPSO BW Joko Tole. BW Joko Tole is a gas-producing FPSO operating on the TSB field offshore Indonesia for Kangean Energy Indonesia…
Oil benchmarks are hitting multiple price and spread milestones across several key markets as the fallout from severe sanctions on key exporter Russia sows confusion and panic among global crude oil traders, shipping firms and importers.The…
ExxonMobil on Tuesday said it would exit Russia oil and gas operations that it has valued at more than $4 billion and halt new investment as a result of Moscow's invasion of Ukraine.The decision will see Exxon pull out of managing large oil…
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