Italian energy industry engineering and construction firm Saipem has signed a Memorandum of Understanding (MoU) with the Saudi oil giant Saudi Aramco to explore the possibility of forming a new entity for engineering and construction activities…
Deep in the Oman desert lies one of BP's more lucrative projects, a mass of steel pipes and cooling towers that showcases the British energy giant's pioneering natural gas extraction technology.The facility earned BP Plc more than $650 million in profits in 2019…
Offshore drilling firm Japan Drilling Company said last week that its jack-up drilling rig Hakuryu-11 had reached a safety milestone.Namely, the rig has managed to achieve a three-year milestone of No Recordable Incident Record - for the September 14…
Malaysian offshore services firm Handal Energy has recently secured a contract from Tanjung Offshore Services for the provision of portable crane equipment and services package.Handal said Friday that it had reached a contract agreement with TOS April 27…
Jack-up drilling rig contractor Shelf Drilling has secured a three-year drilling contract with India's ONGC for the Parameswara jack-up rig.The contract is for operation in the Mumbai High area, offshore India's west coast. The planned start-up of operations is Q1 2022…
Malaysian offshore drilling contractor Velesto has confirmed that the $8 million contract with ConocoPhillips for its Naga 7 jack-up rig that sank off Malaysia in May is now officially terminated.Naga 7 sank on May 3, while gearing up to start drilling for ConocoPhillips off Malaysia…
Investors managing more than $10 trillion on Wednesday published an ambitious blueprint for energy companies seeking to tackle climate change, including sharp cuts to greenhouse gas emissions and a winding down of oil and gas production.The…
Exports of Malaysia's flagship crude oil Kimanis will fall in October and November after a production issue at an offshore oilfield operated by Royal Dutch Shell, three sources with knowledge of the matter said.Petroleum Brunei, one of the stakeholders…
Saudi Arabia's national oil company Saudi Aramco has signed a memorandum of understanding with energy industry construction and installation firm McDermott to explore the use of McDermott's SAFIRA fabrication yard for construction services for Saudi Aramco's upstream and downstream projects…
U.S. oil producer Chevron Corp on Tuesday pledged to triple to $10 billion its investments in low-carbon fuel and projects through 2028 amid pressure to boost clean-energy markets.Oil producers globally have stepped up plans to transition to a less carbon intensive production…
Japan's industry ministry will open bidding for an area off Akita, northern Japan, for the development of an offshore wind farm while designating four 'promising areas' and identifying 10 as potentially suitable for development, it said in a statement…
Dutch offshore access provider Ampelmann has signed its first contract offshore China, to provide the A-type gangway to Guangdong Safety New Energy for the offshore wind works off Guangdong province. Ampelmann said it was able to secure this…
Offshore wind turbine maker Siemens Gamesa Renewable Energy has officially inaugurated its new offshore facility in Taichung, Taiwan, the company’s first offshore nacelle assembly facility outside of Europe. The facility will now be starting regular operations…
BHP Group will transfer a smaller-than-expected $3.9 billion in oil and gas decommissioning liabilities to Woodside when it merges its petroleum business with the independent Australian gas producer.Woodside's shares jumped 6.5% after the figure was disclosed in BHP's annual report on Tuesday…
Mooring solutions company Mooreast Asia has acquired an upgraded water-front facility in Singapore that will more than double its capacity.The company said the move was part of its plan to shift towards offshore renewable energy, particularly floating wind farms…
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