Dana Petroleum, a North Sea-focused subsidiary of South Korea's KNOC, has appointed Jongwoo Kim as its new CEO.Kim joins Dana Petroleum from its parent company Korea National Oil Corporation.Jongwoo succeeds the previous CEO Yongwoo Kang who…
Offshore wind installation company Fred. Olsen Windcarrier has won a conditional contract for its Brave Tern jack-up, for wind turbine installation work in Taiwan.The conditional contract is with Liwei Wind Power Co. Ltd., a company wholly owned by wpd Group…
Offshore engineering, construction, and services provider McDermott has won a contract with Delta Offshore Energy to provide front-end engineering design (FEED) services for a subsea gas pipeline at its Sisyphus project. The pipeline will connect a regasification platform…
FAR, an Australian oil and gas company with a share in the $4.2 billion Sangomar oil and gas field in Senegal, will not stand in the way to its partner Cairn divesting its stake in the project.Namely, Cairn last month agreed to sell its 40% ownership in the Woodside-operated Rufisque…
Over the past four months we have been flooded by news of just how badly the offshore rig market has been hit during the double whammy of the Corona pandemic and oil price fallout. We witnessed what seemed like a never-ending wave of contract…
Bursa Malaysia-listed oil and gas company Hibiscus Petroleum is looking to expand its asset portfolio through acquisitions of assets with strong production potential.Hibiscus, which owns offshore oil fields in Malaysia, Australia, and the UK North Sea…
Indonesian oil and gas regulators have approved the plan of development of the Paus Biru offshore gas field in the East Java Basin.The field is located in the Medco-operated Sampang offshore block, in the Madura Strait, off Madura Island, Indonesia…
Construction of KrisEnergy's minimum facilities wellhead platform for the Apsara oil development offshore Cambodia has been completed and the platform has sailed away to its offshore location.KrisEnergy said the topsides and the jacket of the…
Subsea services provider IEV has been awarded an advanced inspection solutions contract in Malaysia.The contract, accepted by IEV Malaysia last Friday, was awarded by an unnamed oil and gas (“O&G”) services provider.IEV said the contract was…
Japanese company JERA has filed an environmental impact statement for the proposed 520MW offshore wind farm in the Ishikari Bay, Hokkaido, Japan.JERA, which submitted the documents to the Minister of Economy, Trade, and Industry on Monday said…
Building a versatile OSV fleet is expensive, even more expensive when your timing is wrong. Buy at the top and you can quickly find yourself exposed if the market suddenly turns, those shiny new assets depreciate rapidly, and large debts, that the (new) poor market cannot service…
Three FPSO specialists are competing for Santos' Dorado FPSO front end engineering design contract, set to be awarded later this year.This is according to Carnarvon, Santos' partner in the Dorado field discovered offshore W. Australia in 2018…
Tekmar Group has informed that its subsidiaries have won 'multiple contracts' to supply subsea asset protection and stabilization technologies in the Middle East.Tekmar did not say who the clients were, describing them just as 'energy companies and tier one contractors in the Middle East…
Australia's No. 2 independent gas producer Santos Ltd paid out a weaker than expected half-year dividend amid uncertainty over a recovery from the coronavirus pandemic, as the oil market slump halved its first-half underlying profit.Disappointed investors sent its shares down more than 5%…
Singapore's Keppel Offshore & Marine has said that converted FLNG vessels save approximately 33% of greenhouse gas (GHG) emissions compared to an FLNG new build, citing a study by environmental consultants, Environmental Resources Management (ERM)…
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