Oil steadied on Monday, after rising for three straight weeks, as looming supply cuts from Saudi Arabia and other OPEC+ producers balanced concern about weakening global growth that may dampen fuel demand.Last week crude jumped more than 6% after OPEC+…
Indonesia has put three oil and gas exploration blocks out for tender in its first bidding round of the year, with estimated resources of more than 2.4 billion barrel of oil and 9 trillion cubic feet of gas, its energy ministry said.Indonesia plans to offer 10 oil and gas working areas this year…
Vietnam's state oil firm PetroVietnam said on Monday its crude oil output was 2.6 million tonnes in the first quarter this year, 12.6% higher than its target.The figure, however, is lower than the company's crude oil output of 2.74 million tonnes in the same period last year…
Airbus Helicopters said Friday it had signed a contract with China-based helicopter lessor and operator with GDAT for 50 H160 helicopters. The helicopters will be used notably for the energy sector, including offshore transportation for oil and gas platforms…
SMJ, a company owned by the Sabah State Government, has signed an agreement with Petronas Carigali for the acquisition of Petronas' 50% non-operating stake in the Samarang production sharing contract (PSC).Petronas Carigali will continue to be the operator of Samarang PSC…
Wind turbine maker Siemens Gamesa has ordered four electrical overhead cranes from Konecranes for its offshore nacelle plant in Taichung, Taiwan. The cranes will support the entire material handling of the site’s broadened production scope, with lifting capacities of up to 400 tons…
Dubai-based Vahana Marine Solutions DMCC's Vahana Aryan vessel has become the first jack-up unit to receive DNV’s Abate-Ready notation. According to DNV, the Abate notation is designed to assist the owners and operators of offshore units to…
Zephyrus Marine has signed a memorandum of understanding (MOU) with Japanese shipyard Mirai Ships to build the Zephyrus Zero Carbon Offshore wind service vessel. Ad Hoc Marine Designs Ltd. (Ad Hoc) will be providing the design for the zero-emission Crew Transfer Vessel (“CTV”)…
UK-based offshore wind developer SSE Renewables and Asia Pacific-focused renewable energy developer Equis have formed a joint venture to bid for a feasibility license to develop, construct, own, and operate an offshore wind farm project in Australia…
Malaysian offshore vessel services firm Coastal Contracts said Tuesday its subsidiaries had secured contracts for the sales of two offshore support vessels for an aggregate value of approximately RM287.3 million (currently around $65,2 million)…
Malaysian Prime Minister Anwar Ibrahim on Tuesday said Beijing had expressed concerns about energy activities by Malaysian state firm Petronas in the South China Sea, even though Kuala Lumpur believes the projects are in its territory.Anwar's…
Japanese oil company Inpex has submitted a revised development plan for Abadi LNG project in Indonesia, incorporating a carbon capture and storage (CCS) component, on behalf of the INPEX-Shell joint venture.Inpex has amended the plan of development…
A group of Australian Indigenous people has lodged human rights grievances with 12 Australian and international banks urging them to withdraw a $1 billion loan to Santos Ltd for its Barossa offshore gas project. Environmental and Indigenous groups have been campaigning for years against the $3…
Singapore-based Sembcorp Marine said Monday it was proposing to change its name from “Sembcorp Marine Ltd” to “Seatrium Limited.'This follows the completion of the combination of the company's businesses and Keppel Offshore & Marine Ltd on February 28…
Baker Hughes has secured an order from QatarEnergy to supply two main refrigerant compressors (MRCs) for the North Field South (NFS) project, which will be executed by Qatargas. The MRCs are part of two LNG “mega trains” representing 16 million…
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