India plans to nearly double its oil refining capacity in the next five years, Prime Minister Narendra Modi said on Saturday, offering a much more aggressive timeline than previously despite the coronavirus pandemic blighting the economy.The country's energy minister was quoted http://www…
South Korean shipbuilder Samsung Heavy Industries has won what has been described as the company's largest-ever single order.The shipbuilder said Monday it had secured an order worth around KRW 2,8 trillion, which is approximately $USD 2,5 billion…
FPSO operator BW Offshore has reached a settlement with the New Zealand government over the FPSO Umuroa, which has been stuck at the Tui field, around 50 kilometers off the coast of Taranaki, for months.BW Offshore has been unable to remove…
The year 2020 is on course to be the quietest year for upstream transactions in the Asia Pacific region since the beginning of the 21st century, energy intelligence firm Wood Mackenzie said in a report this week, adding that the activity is expected to bounce back in 2021…
Cargotec's MacGregor has delivered a riser pull-in system for China-based oil firm CNOOC's Lingshui 17-2 semi-submersible production platform.The deepwater semi-submersible production unit is intended for operation in a deepwater natural gas field in the Qiongdongnan Basin…
Norwegian offshore vessel operator Solstad Offshore said Friday that oil and gas company Inpex had extended charters for two of its anchor handlers in Australia.Japan's Inpex had in October 2019 awarded three-year contracts for two Solstad Offshore…
China, the global oil market's lifeline this year, has stepped up purchases from exporters like Russia, the United States and Angola in recent weeks, while buyers elsewhere pare orders as coronavirus infections surge and fresh lockdowns are put in place…
China's CIMC Raffles has informed that the CIMC Gretha semi-submersible crane vessel left Curacao earlier this month and is on its way back 'home' to China.'CIMC Gretha, the semi-submersible platform managed by CIMC Raffles Asset Management Company…
South Korea's Doosan Heavy Industries & Construction has signed an agreement with compatriot SK Engineering & Construction to collaborate on floating offshore wind farm projects.Under the agreement, SK E&C will take on the development of the wind farm complex…
Höegh LNG has entered into a binding commitment to supply H-Energy with an FSRU in Jaigarh, India from as early as the first quarter of 2021.Jaigarh is south of Mumbai in Maharashtra state, India. The final agreement will be for 10 years with annual termination options after year five…
The coronavirus pandemic has wiped 28,000 thousand oil and gas jobs in Australia this year, a quarter of the country's total oil and gas jobs count, Rystad Energy, a Norwegian energy market analytics company has found. 'Some of these jobs will be restored from 2021 onwards…
The Shanghai International Energy Exchange (INE) is considering using oil storage sites in Singapore owned by PetroChina Co as a delivery point for its low-sulphur fuel oil futures contract, according to two sources with direct knowledge of the matter…
Subsea Europe Services GmbH has introduced a new compact version of its unique integrated Hydrographic Survey System (iHSS). Dubbed iHSS-Compact, it is designed to meet demand for shallow-water ‘gap-filler’ marine surveys and simplifies the…
Asia Pacific-focused oil and gas firm Jadestone Energy on Wednesday announced the voluntary relinquishment and termination of Service Contract 56 ('SC56'), offshore the Philippines. Oil and gas giant Total, the operator of the block, also relinquished its interest…
French seismic data company CGG has been awarded two large-scale complex seismic reprocessing contracts by the Thai national oil company PTTEP.CGG said PTTEP was investing in the rejuvenation of pre-existing data sets from two regions offshore Malaysia…
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