Taihan has secured a turnkey contract to supply and install over 100 kilometers of inter-array subsea cables for Korea’s largest offshore wind development, the Anma offshore wind power project.The contract, valued at approximately $129.3 million (KRW 181…
JERA and BP have completed the formation of JERA Nex bp, their new 50-50 owned joint venture, with the new company’s portfolio of operating assets and development projects has a net potential generating capacity of 13 GW.The portfolio includes around 1 GW of installed net generating capacity…
Dutch geological data specialist Fugro has been selected to deliver extensive offshore and onshore surveys for multiple major energy field developments in the Middle East.Fugro has recently been awarded multiple contracts to perform comprehensive…
Energy industry services firm EnerMech has been awarded a two-year contract extension by BP Trinidad & Tobago to continue providing crane operations on the operator’s 12 offshore platforms in the Caribbean country.Project scope includes crane operations…
Global energy technology company SLB has introduced the OnWave autonomous logging platform, said to enable more efficient and reliable acquisition of formation evaluation measurements in any well condition.This first-of-its-kind technology autonomously acquires multiple…
Floating liquefied natural gas (FLNG) terminals are gaining momentum on the global LNG market, with capacity expected to triple by 2030 according to research from Rystad Energy.Once hindered by technical and operational challenges, FLNG projects…
Texas-based oilfield services company Weatherford has secured a significant contract to deliver Managed Pressure Drilling (MPD) services for the Trion project, a deepwater oil production project in Mexico operated by Woodside’s Mexican subsidiary…
Yinson Production, via its joint venture PTSC South East Asia (PTSC SEA), has secured a lease and operate contract for a new floating storage and offloading (FSO) unit for Vietnam’s offshore Block B gas development.The contract was awarded by Phu Quoc Petroleum Operating Company (PQPOC)…
Beacon Offshore Energy LLC said it began oil and natural gas production at its Shenandoah field off the coast of Louisiana on Friday, nearly a month after it was originally expected to commence.Beacon, which in May said it expects first oil in June…
Thailand’s state-backed energy firm PTT Exploration and Production (PTTEP) has acquired 50% of Block A-18 in the Malaysia–Thailand Joint Development Area (MTJDA) through a $450 million deal with Chevron's subsidiaries.The transaction, completed on July 25…
Canada-based oil and gas company Valeura Energy has signed a farm-in agreement with Thailand’s state-backed PTTEP to acquire a 40% interest in offshore Blocks G1/65 and G3/65 in the Gulf of Thailand, marking a major expansion of its regional footprint…
Eco Wave Power has signed an agreement with the Africa Great Future Development (AGFDL) to conduct a feasibility study for a potential wave energy power station at the Port of Ngqura, South Africa.The agreement marks Eco Wave Power's first step…
Malaysia-based offshore services firm Sapura Energy has secured two contracts from its long-term clients Chevron and PTT Exploration and Production Public Company (PTTEP) for offshore work in Thailand, worth over $118 million.The contracts were…
The United States is preparing to grant new authorizations to key partners of Venezuela's state-run PDVSA, starting with Chevron, to allow them to operate with limitations in the sanctioned OPEC nation and swap oil, five sources close to the matter said on Thursday…
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