Australian oil and gas company Santos has executed documentation to enter into a new US$750 million syndicated bank loan, to refinance existing debt facility established for the acquisition of ConocoPhillips’ northern Australian and Timor-Leste assets…
The Philippines has stopped accepting new proposals for coal-based power projects to encourage investment in other energy sources like natural gas and renewables, the government's energy chief said on Wednesday.The moratorium on endorsements…
Australian oil and gas company Santos gas signed a new gas sales agreement to supply natural gas to Western Australian energy solutions provider, Kleenheat.Kleenheat is part of Wesfarmers Chemical, Energy and Fertilisers (WesCEF), a group of businesses that will also utilize the gas…
Norwegian offshore vessel operator DOF Subsea has won a 2-year contract extension for its Skandi Africa subsea construction vessel.Skandi Africa is a subsea vessel designed for harsh environment and deepwater subsea construction and flexlay operations…
Malaysia's Hibiscus Petroleum completed the St Joseph minor sands infill and major sands redevelopment infill drilling campaign in its North Sabah PSC, Malaysia.The offshore drilling campaign involved the drilling and completion of four infill…
Oslo-listed seismic survey company SeaBird Exploration has said it has won a letter of award for a 2D survey in the Asia Pacific region. The Norwegian seismic data acquisition firm said the survey was expected to start in the first quarter of 2021…
Offshore rig builder Lamprell has won an engineering design services contract with Saudi Arabia's International Maritime Industries (IMI).Lamprell said the work would form an integral part of IMI's 2030 new build rig program; supporting the…
Canadian oil and gas company Husky Energy and China's CNOOC have started gas production from the Liuhua 29-1 gas field, offshore China.The Liuhua 29-1 gas field is located in the eastern South China Sea, 86 kilometers northeast of Liwan 3-1 gas field…
BP has started drilling at the Ironbark-1 exploration well in the WA-359-P in the Carnarvon Basin, offshore Western Australia.According to Cue Energy, a partner in the project, the drilling started at 07:30hrs (AWST) on 31 October 2020. BP is…
Total trimmed its 2020 investment target on Friday after a sharp drop in third-quarter net profit, though the French oil and gas producer maintained its dividend.The company cut its investment target to $13 billion from $14 billion and said it was keeping a lid on operating costs too…
Japanese FPSO specialist MODEC says it is working with partners to develop a solution that will reduce the overall cost of floating offshore wind turbines.For some time, floating offshore wind has been something of a niche, but now full-scale demonstrators are in the works…
ExxonMobil Corp said on Thursday it could cut its global workforce by about 15%, including deep white-collar staff reductions in the United States, as the COVID-19 pandemic batters energy demand and prices.Exxon and other oil producers have…
Malaysian oil and gas giant said Thursday it was investigating the cause behind the incident that happened earlier this week when the Dayang Topaz offshore vessel crashed into its platform at the Baram field, off Sarawak.'A thorough assessment of the platform structures is being carried out…
Ship classification society Indian Register of Shipping (IRClass) has classed India’s first LNG-FSRU.Built at Hyundai Shipyard in Ulsan, South Korea, the 180,000 cu.m, the Indian-flagged, is designed for continuous operations without the need for drydocking over a period of 20 years…
Wind turbine maker Vestas will acquire Mitshubishi Heavy Industries' shares in their joint venture MHI Vestas Offshore Wind joint venture, against MHI acquiring 2.5 percent in Vestas and being nominated to a seat in Vestas’ Board of Directors…
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