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Sapura Energy Nets $284M in Offshore Contracts

Jul 23, 2021

Malaysia's offshore services firm Sapura Energy has won new contracts worth RM1.2 billion (around $284 million) in its Engineering and Construction (E&C), Operations and Maintenance (O&M) and Drilling divisions.In Engineering & Construction…

Jan De Nul Installs Export Cables for Formosa 2 Offshore Wind Farm in Taiwan

Jul 23, 2021

Offshore installation firm Jan De Nul has installed four export cables for the 376MW Formosa 2 offshore wind farm in Taiwan. Jan De Nul used its cable-laying vessel Willem de Vlamingh to install with cables of total length of 34 kilometers.'Thanks to her shallow draft design…

Shell Eyes Sale of Stakes in Malaysian Offshore Oil and Gas Fields

Jul 22, 2021

Royal Dutch Shell launched the sale of its stakes in oil and gas fields it does not operate off the coast of Malaysia, according to a document seen by Reuters.The Anglo-Dutch company announced in March that it was considering selling its stakes…

World's Largest: Sunseap to Build $2B Floating Solar Farm in Batam, Indonesia

Jul 22, 2021

Singapore's Sunseap Group says it plans to spend $2 billion to build the world's largest floating solar farm and energy storage system in neighboring Indonesian city Batam, which will double its renewable power generation capacity.The floating photovoltaic system is expected to have a capacity of 2…

Svitzer Nets 10-Year Deal for Towing Services at Offshore LNG Terminal in the Philippines

Jul 21, 2021

Maersk's Svitzer, a maritime towage provider, has recently signed a 10-year deal with FGEN LNG, a First Gen subsidiary, for towage and other vessel support services required by FGEN LNG’s Offshore LNG Terminal in the Philippines.The LNG Terminal…

Japan's JFE to Invest $363,3M in New Offshore Wind Monopile Plants

Jul 21, 2021

Japan's JFE Engineering Corporation is set to build a factory for the construction of monopile foundations and transition pieces for the offshore wind industry. The company also has plans to build jacket-type foundations in the future.'The monopile…

Solstad Offshore Nets Medium-term Deals for Offshore Construction Vessel Duo

Jul 21, 2021

Norwegian offshore vessel owner Solstad Offshore said Tuesday it had secured two contracts for its large construction vessels.The medium-term contracts are for the vessels Normand Navigator and Normand Frontier.The Normand Navigator, a 142,6 meters long vessel built in 2015…

La Gan Wind Taps Fugro, Partners for Geotechnical Survey Off Vietnam

Jul 20, 2021

Offshore wind developer La Gan Wind, owned by Copenhagen Infrastructure Partners (CIP), Asiapetro, and Novasia, has awarded an offshore geotechnical contract to a consortium led by Vietsovpetro, PTSC G&S, and Fugro.The award is part of CIP’s…

Adani to Offer 50% Discount on Charges to LNG-fueled Ships at Mundra Port

Jul 20, 2021

The Adani Group will offer a 50% discount on charges to liquefied natural gas (LNG)-fuelled ships at Mundra, India's largest commercial port, according to a notice seen by Reuters, as the country seeks to cut emissions under its green ports plan…

South Korean Shipbuilder Eyes Floating Wind Opportunities

Jul 20, 2021

South Korean shipbuilder Samsung Heavy Industries is joining the offshore wind industry through the development of an independent offshore wind floater model able to operate in extreme marine environments.The company said Monday it had received Approval in Principle (AiP) for its 9…

Oil Search Rejects $6.5B Takeover Offer from Santos

Jul 20, 2021

Oil Search rejected an unsolicited takeover proposal from Santos Ltd that valued the Papua New Guinea-focused oil and gas producer at A$8.8 billion ($6.5 billion), the two companies said on Tuesday.Oil Search said the offer was not in the best interests of shareholders…

Hudong-Zhonghua Delivers LNG FSRU to Dynagas

Jul 19, 2021

China's Hudong-Zhonghua Shipbuilding Group last week delivered its first 174,000 cubic-meter floating liquefied natural gas storage and regasification unit (LNG-FSRU).The 294 meters long LNG FSRU named Transgas Power was delivered to the Greek company Dynagas on Thursday…

Oil Search Says Boss Resigns for Health Reasons

Jul 19, 2021

Oil Search Managing Director Keiran Wulff has resigned 17 months after taking charge over a long-term medical condition that the Papua New Guinea-focused company said had recently deteriorated.The board had been in discussions with Wulff over complaints about his behavior…

China Launches Energy Efficient VLCC

Jul 19, 2021

CS Hunan Venture very large crude carrier, dubbed one of the most advanced and energy-efficient VLCCs ever built in China, was recently launched by Dalian Shipbuilding Industry Group (DSIC).The vessel is owned by China Shipbuilding Consulting…

Jadestone Energy Set to Complete Buy of SapuraOMV's Peninsular Malaysia Assets

Jul 16, 2021

Jadestone Energy, an oil and gas production company focused on the Asia Pacific region, has received all the necessary approvals - including one from Petronas - to complete the acquisition of SapuraOMV's Peninsular Malaysia assets.Jadestone said in April it would acquire interests in four licenses…

Current News

Eni Confirms Sapukala Deepwater Block Award in Indonesia

Eni Confirms Sapukala Deepwater Block Award in Indonesia

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Fugro Adds More Survey Work off Timor-Leste

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Southeast Asia Plans 100 GW-Plus Gas Power Expansion Despite LNG Risks

Saudi Aramco Plans Standalone Gas Division in Major Reorganization

Saudi Aramco Plans Standalone Gas Division in Major Reorganization

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South Korea Aims to Cut Middle East Crude Dependence to 50% by 2035

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Iran Restores Half of Damaged South Pars Gas Field Capacity

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Oil Drops as Hormuz Reopening Prospects Ease Supply Concerns

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