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Asian Oil & Gas Activities - page 152

 

IEA Bumps Up 2020 Oil Demand Forecast

Jul 10, 2020

The International Energy Agency (IEA) bumped up its 2020 oil demand forecast on Friday but warned that the spread of COVID-19 posed a risk to the outlook.The Paris-based IEA raised its forecast to 92.1 million barrels per day (bpd), up 400,000 bpd from its outlook last month…

GTT to Design Tanks for COSCO LNG Tanker Trio

Jul 10, 2020

French GTT has received an order from the Chinese shipyard Hudong-Zhonghua Shipbuilding for the tank design for three new LNG carriers. The carriers will be delivered to the Chinese ship-owner COSCO Shipping. Each vessel will offer a capacity of 174…

Australian Offshore Safety Regulator to Resume Physical Inspections

Jul 10, 2020

NOPSEMA, the Australian offshore oil and gas safety regulator, plans to resume physical inspections on offshore oil and gas facilities 'in line with appropriate protocols to manage health risks associated with COVID-19.''While NOPSEMA’s inspections have continued throughout the pandemic…

Eni Hires Polarcus for Asia Pacific Survey

Jul 10, 2020

Polarcus has won a contract with Eni for a survey in the Asia Pacific.The Oslo-listed marine seismic services provider said the contract was for an expected minimum duration of one month.'The project is scheduled to commence in Q1 2021, subject to relevant approvals…

Petrofac Nets $135M Contract with Kazakhstan's NCOC

Jul 09, 2020

UK-based engineering and construction services firm Petrofac has won secured an Engineering, Procurement, Construction, Pre-commissioning and Commissioning (EPCC) contract in Kazakhstan.The contract is  worth about US$135 million for new water…

Oceaneering Lands W. Australia Order

Jul 09, 2020

Oceaneering has won a contract to provide a number of monobore diverless connectors for an offshore Western Australia project.Oceaneering said Wednesday it would supply 3-inch M5 connectors, which will be used for Monoethylene Glycol (MEG) and…

Over 40 Offshore Rig Deals Dropped Since March. Still, There's Room for Optimism

Jul 08, 2020

After the long, slow downturn that began in late 2014, this year was set to be better with many dormant regions resuming exploration and long-awaited development drilling programs going ahead. Then in mid-March, a double disaster struck as an oil price crash coincided with a global pandemic…

Rystad: FPSO Contract Awards to Rebound in 2021 after Poor 2020

Jul 08, 2020

Norway-based energy intelligence firm Rystad Energy said Tuesday it didn't expect any new FPSO orders this year, however, it expects the situation will improve next year when it foresees seven new FPSO to be ordered.'Hit by the second industry downturn in five years…

PetroVietnam to Invest in Renewables Amid Shrinking Oil Output

Jul 08, 2020

Vietnam's state oil firm PetroVietnam is seeking to venture into renewable energy sources like wind farms and floating solar panels, as domestic crude oil production has peaked at most of its offshore oil fields.The company, formally known as Vietnam Oil and Gas Group…

Morgan Stanley, Goldman Sachs to Advise China on Pipeline Asset Transfers

Jul 08, 2020

Top Chinese energy firms have mandated investment banks Morgan Stanley and Goldman Sachs to act as advisors for multi-billion dollar deals transferring key oil and gas pipeline assets into a national energy infrastructure giant, four sources said…

LR: Up to 40% of FPSO Maintenance Work 'Unnecessary'

Jul 08, 2020

As much as 40% of maintenance work carried out by FPSO vessel operators is unnecessary, the energy industry consultancy Lloyd’s Register (LR) has found.Lloyd’s Register (LR), found that by reducing these unwarranted manhours, operators could save on average almost £600…

TSMC to Offtake Full Output from Ørsted's Taiwan Wind Farm

Jul 08, 2020

World's largest offshore wind farm developer Ørsted has signed what it says is the world’s largest renewables corporate power purchase agreement with Taiwan-based TSMC.Under the agreement, TSMC, the world’s largest semiconductor foundry, will…

ABS Certifies Jack-Up Rig Steel after Remote Survey

Jul 07, 2020

Classification and consultancy company ABS has provided a remote survey for steel certification at a steel mill, enabling Lamprell to continue work on jack-up drilling rigs, despite COVID-19 restrictions.Lamprell ordered 8855 MT of steel for…

Icon Offshore in Talks to Buy Jack-Up Rig from Perisai

Jul 07, 2020

Malaysian offshore services provider Icon Offshore is looking to buy the Perisai Pacific 101 offshore drilling rig from Perisai Petroleum Teknologi.Icon Offshore said Monday it was in negotiations with Perisai and its subsidiaries in relation…

Oil Producers Will Fight for Market Share as Consumption Growth Slows

Jul 07, 2020

Petroleum consumption growth has been slowing for decades and the industry shows increasing signs of maturity, which will have profound implications for the business strategies of oil-producing companies and countries.Slower growth will intensify…

Current News

Norwegian Oil Investment Will Peak in '25

Norwegian Oil Investment Will Peak in '25

Saipem Marks First Steel Cut for Tangguh UCC Project at Karimun Yard

Saipem Marks First Steel Cut for Tangguh UCC Project at Karimun Yard

Saipem Wins FEED Contract For Abadi LNG Project FPSO Module In Indonesia

Saipem Wins FEED Contract For Abadi LNG Project FPSO Module In Indonesia

Cheniere, JERA Ink Long-Term LNG Sale and Purchase Agreement

Cheniere, JERA Ink Long-Term LNG Sale and Purchase Agreement

Shelf Drilling Lands New Jack-Up Contract in Vietnam, Extends Egypt Deal

Shelf Drilling Lands New Jack-Up Contract in Vietnam, Extends Egypt Deal

Seatrium Engages Axess Group to Clear FPSOs for Brazil Deployment

Seatrium Engages Axess Group to Clear FPSOs for Brazil Deployment

Inpex Picks FEED Contractors for Abadi LNG Onshore Plant

Inpex Picks FEED Contractors for Abadi LNG Onshore Plant

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