Latest News - page 202

 

Hamworthy Names New CEO

Jan 11, 2021

Singapore-based marine and offshore pump manufacturer Hamworthy Pumps has appointed Hans Christiaan Laheij, 48, as its new CEO.The new CEO will join the company on January 15, 2021. He has recently worked with German propulsion specialist Schottel in the position of Deputy CEO & President Marine…

Malaysia: Petronas Takes over Operatorship of E11 Gas Hub from Shell

Jan 08, 2021

Malaysian oil and gas company Petronas has become the operator of the E11 gas hub, located 130km offshore Bintulu, Sarawak, Malaysia, effective 1 January 2021.  The E11 hub which has been producing since 1982 under the MLNG Production Sharing…

Japan Faces LNG Shortage Amid Supply crunch, Cold Weather

Jan 07, 2021

JERA, Japan's biggest electricity generator and the world's largest buyer of liquefied natural gas (LNG), is operating gas- power plants at lower rates as it runs down inventories amid rising heating demand as temperatures drop.The company joins…

Subsea Technology: Remote Power, On Demand

Jan 06, 2021

Taking the power to where you want it is another option – perhaps not for compression or pumping system, but potentially for monitoring, inspection, and even intervention systems, such as resident robotics concepts.It’s an idea some have been looking at…

Swinging Again, Saudi Arabia Sacrifices Market Share to Protect Oil Price

Jan 06, 2021

Saudi Arabia’s announcement that it will reduce oil output by 1 million barrels per day in February and March has boosted prices and helped paper over divisions within the producer alliance, at least temporarily.The unilateral cut, announced on Tuesday…

McDermott Lands Offshore Platform Engineering Deal in Qatar

Jan 06, 2021

Offshore engineering and construction firm McDermott has won a contract from Qatargas to deliver front-end engineering and design (FEED) work for Qatar Petroleum's North Field South (NFS) project.The contract scope includes the replication of five offshore wellhead platforms…

Indian Oil Corp Buys its First Cargo of Iraqi Basra Medium Oil

Jan 06, 2021

Indian Oil Corp (IOC) , the country's top refiner, has loaded its first cargo of Iraq's newly introduced Basra Medium crude grade, according to ship-tracking data from Refinitiv Eikon and a source with knowledge of the matter.IOC loaded the cargo onto Minerva Kalypso…

Petronas: Baram Oil Production to Resume in Q3, after Ship Accident

Jan 06, 2021

Malaysia’s state energy firm Petronas said on Monday it expects to resume full production at its Baram facilities, off the state of Sarawak on Borneo island, in the third quarter after halting output in October following an accident.Petronas…

Russia: Sakhalin Energy Sets LNG Output Record

Jan 06, 2021

Sakhalin Energy, an international consortium operating an offshore gas-fed LNG plant in eastern Russia, set a record for LNG production in 2020.Sakhalin Energy said Wednesday that it had in 2020 produced and shipped a record amount of liquefied natural gas (LNG): 178…

Oil Prices Jump 5% on OPEC+ Output Talks, Iran Tension

Jan 05, 2021

Oil prices climbed nearly 5% on Tuesday after news that Saudi Arabia will make voluntary cuts to its oil output, while international political tension simmered over Iran's seizure of a South Korean vessel.Brent crude futures rose $2.51, or 4…

Chiyoda to Design Floater for Kumul Petroleum in PNG

Jan 05, 2021

Japanese engineering and construction company Chiyoda has won a deal to design, develop, and engineer a Floating, Storage, Re-gasification and Power Generation unit in Papua New Guinea ('PNG') for Papua New Guinea’s national oil and gas company Kumul Petroleum…

Petronas, T7's Tanjung Offshore Ink Offshore Platform Deal

Jan 05, 2021

Malaysian oil company Petronas Carigali has awarded Tanjung Offshore a contract for the provision of a mobile offshore production unit.Tanjong offshore will be responsible for the provision, operation, maintenance, of the offshore platform, as part of Bayan Redevelopment Project Gas Phase 2…

Eni Hires PV Drilling VI Jack-Up for Drilling Offshore Vietnam

Jan 05, 2021

Vietnamese offshore drilling company PV Drilling has recently signed a contract with Italian oil giant Eni for the supply of its PV Drilling VI jack-up rig.The contract, with Eni Vietnam, is for the oil company's 2021 drilling campaign, scheduled to start in early January off the coast of Vietnam…

Eni Halts Sale of Australian Assets after Bids Fall Short

Jan 05, 2021

Italian oil and gas group Eni has put on hold the sale of Australian gas assets it values at around $1 billion after they failed to attract satisfactory bids, two sources close to the matter said, confirming a press report.One of the sources said offers had been well below what Eni had expected…

Santos Makes $235M FID for Bayu-Undan Infill Drilling Program

Jan 05, 2021

Australian oil and gas company Santos, the operator of the Bayu-Undan field in the Timor Sea, off Timor Leste, has reached a Final Investment Decision for the US$235 million Phase 3C infill drilling program at the offshore field.The program…

Current News

Petra Energy Secures Work Orders from Petronas for Sarawak Gas Project

Middle East Producers Gear Up for Hormuz Export Restart

Israel Orders Restart of Ops at Karish Offshore Gas Platform

Oil Rises as Fragile Middle East Ceasefire Sustains Supply Risks

Glencore, Taiwan’s CPC Charter Tankers as Hormuz Reopens

Nam Cheong Locks In Two OSV Charters amid Tight Southeast Asia Supply

Sunda, Finder Target Shared Rig for Timor-Leste Offshore Drilling

France Leads 15-Country Effort to Reopen Strait of Hormuz

Oil Tumbles, Stocks Surge on Middle East Ceasefire

ABL Transports Northern Endeavour FPSO to Recycling Yard

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