China’s state-run China National Offshore Oil Corporation (CNOOC) has through its wholly owned subsidiaries acquired five offshore oil and gas blocks in Mozambique.CNOOC’s subsidiaries have entered into petroleum exploration and production concession…
Russia will likely open its first liquefied petroleum gas (LPG) terminal on the Pacific Ocean coast with joint investments from China by the end of 2025, two industry sources said on Wednesday.Last week, Russian Direct Investment Fund (RDIF)…
Survitec launched a new energy containment safety device designed to reduce the risks associated with catastrophic value actuator failures.The concept of the safety device was developed due to issues identified in the North Sea oil and gas sector…
The pace at which crude oil flowed into China's stockpiles increased in April as slower refinery processing outweighed a decline in imports.A total of 830,000 barrels per day (bpd) was added to China's commercial or strategic stockpiles in April…
Doris, Rosen and Spiecapag have joined force to create the Pipeline Transition Alliance, a partnership dedicated to re-purposing natural gas infrastructure to hydrogen service.As part of the alliance, Rosen will be responsible for pipeline inspection…
Indonesia will ask Mubadala Energy to accelerate gas development in Indonesia's South Andaman Block after the United Arab Emirates explorer made a second discovery there, Dwi Soetjipto, chairman of upstream regulator SKK Migas, said on Tuesday…
Caroline Yang, by anyone’s standard, is a busy woman. She is the CEO of Hong Lam Marine, a Singapore ship owner, which owns, operates and manages its own fleet of 33 vessels. She also is the president of the Singapore Shipping Association [SSA]…
Indonesia launched its first oil and gas auction this year offering five blocks on Tuesday, while the government pledged to boost exploration in an effort to reverse output declines in a country that was once a net oil exporter.'To meet oil and gas demand…
Saudi oil and gas drilling contractor ADES Holding has signed a contract with Thai national oil and gas company PTTEP for one of its modern jack-up drilling rigs, worth $94 million.The contract, signed on May 14, 2024, is for an 18-month firm term plus a nine-month optional extension…
Cyan Renewables, a portfolio company of Seraya Partners, has entered into a strategic collaboration with Hyundai Asset Management to establish a robust vessel supply with strong local content for South Korea's offshore wind market.Cyan Renewables…
Mubadala Energy has made second consecutive ‘significant’ gas discovery in South Andaman offshore Indonesia at the Tangkulo-1 exploration well, using Seadrill’s West Capella drillship.The Tangkulo-1 exploration well was drilled about 65 kilometres offshore North Sumatra in Indonesia…
Subsea Integration Alliance, a strategic partnership between OneSubsea and Subsea7, has secured a ‘large contract’ from Turkish Petroleum Offshore Technology Center (TP-OTC) relating to the Sakarya field development in the Black Sea, offshore Türkiye…
The principle behind sacrificial anodes, which are used to safeguard underwater pipelines and structures from corrosion, is relatively straightforward. Made of alloys like aluminum, Zinc and is some cases Magnesium, the anodes are more reactive…
Offshore energy is on a growth trajectory. Rystad Energy wrote in February 2024 that upstream oil majors were diving in to deeper waters. “Despite tightened budgets, frontier drilling is fueling optimism for a productive year, particularly deepwater projects in the Atlantic Margin…
Odfjell Technology, an integrated supplier of well services technology and engineering solutions, has been awarded three well services contracts in Malaysia, increasing its market share in the Asia Pacific region.The company has won two contracts…
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