Japanese shipping giant Mitsui O.S.K. Lines (MOL) has partnered up with Scotland-based floating wind specialist Flotation Energy to jointly evaluate offshore wind development opportunities in Japan. The agreement builds on the 2GW portfolio…
Oil prices climbed on Friday, extending gains after OPEC+ said it would review supply additions ahead of its next scheduled meeting if the Omicron variant dents demand, but prices were still on course for the sixth week of declines.Brent crude futures rose $1…
South Korean shipbuilder Samsung Heavy Industries said Wednesday it had found a buyer for a drillship originally ordered in 2014.The company said the drillship had been sold to a European drilling company, without sharing the identity of the buyer…
Malaysian oil and gas giant Petronas has awarded two Front End Engineering Design (FEED) contracts to a JGC Corporation-Samsung Heavy Industries consortium and to Saipem as part of an international dual FEED design competition for a nearshore liquefied natural gas (LNG) project in Sabah…
Singapore state investor Temasek is working with its portfolio companies to help them become more green as advancing sustainability goals becomes the new normal, the firm's chief sustainability officer said on Thursday.Temasek, with a portfolio valued at S$381 billion ($278…
China told Indonesia to stop drilling for oil and natural gas in maritime territory that both countries regard as their own during a months-long standoff in the South China Sea earlier this year, four people familiar with the matter told Reuters…
In announcing project sanction on the Scarborough and Pluto Train 2 project last week, Woodside CEO Meg O’Neill emphasized that as well as being both low carbon and globally cost-competitive, it was the strength of demand “particularly in our…
Exxon Mobil on Wednesday set annual capital spending through 2027 at $20 billion to $25 billion, allocating money to low-carbon projects and extending its previously projected investment rate for two years.The top U.S. energy producer slashed costs after a historic $22…
French engineering firm GTT has won an order from the Korean shipyard Daewoo Shipbuilding & Marine Engineering (DSME) for the tank design of four new LNG carriers.The LNG carriers will be built for the Japanese ship-owner Mitsui O.S.K. Lines (MOL)…
Halliburton has not proposed buying Exxon Mobil's stake in Iraq's West Qurna 1 oilfield, a spokesperson for the U.S. oil services company said on Wednesday, denying comments from a senior official from Iraq's Basra Oil Co. (BOC).'We are not…
Abu Dhabi National Oil Company (ADNOC) announced on Wednesday a $127 billion capital spending plan for 2022-2026, as it reported an increase in the United Arab Emirates' (UAE) oil and natural gas reserves.The state-owned company said national…
China's State Power Investment Corp (SPIC), the country's top green power operator, connected two newly built offshore wind farms off south China's Guangdong province to the state grid on Tuesday, the company said on its official Wechat account…
Bureau Veritas (BV) has granted an Approval in Principle (AiP) to Hyundai Heavy Industries for its design and development of “Hi-Float”, a floating offshore wind turbine foundation. The offshore floating wind substructure “Hi-Float” is designed…
Australian oil and gas company Carnarvon Energy, which earlier this month changed its name from Carnarvon Petroleum, is set to receive the Valaris JU-107 jack-up drilling rig 'within the next two weeks' and start drilling at the Buffalo-10 well-site…
Singapore's Keppel Offshore & Marine has signed a framework agreement with offshore wind industry giant Ørsted for future offshore substation (OSS) projects.'The agreement is part of a strategic initiative to strengthen the long-term partnership…
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