Germany's chemicals giant BASF and China's wind turbine developer Mingyang have agreed to jointly construct and operate an offshore wind farm in South China. For this, the duo has created a joint venture company, Mingyang BASF New Energy (Zhanjiang) Co…
1UK-based offshore well plug and abandonment company Well-Safe Solutions, best known for its services in the UK North Sea, is expanding into the Asia Pacific region with the appointment of Massimo Delia as General Manager of newly-created Well-Safe Solutions Pty Ltd…
Global oil benchmark Brent hovered above $80 on Wednesday, buoyed by China's pledge to reinvigorate economic growth and expectations that the U.S. Federal Reserve will stop raising interest rates soon.Brent futures rose 38 cents at $80.01 a barrel by 0956 GMT…
The Big three oilfield services (OFS) companies will likely report higher profits for the second quarter as resurgent demand in international markets and strong offshore drilling helped counter tepid activity in North America.Baker Hughes, Halliburton…
Russian oil and gas firm Zarubezhneft plans to sell its stake in Indonesia's Tuna gas project, the upstream regulator said on Tuesday, after its British partner said sanctions were complicating their joint development.Zarubezhneft is partnering British firm Harbour Energy…
Dutch marine services firm Boskalis said Monday it had completed the installation of all foundations for the 589 MW Changfang & Xidao offshore wind farm in Taiwan. 'In the last three years we installed 186 pin piles with our unique crane vessels…
Top oilfield services firm SLB on Friday said it is halting shipments of products and technology into Russia from all its operations over an expansion of Western sanctions.SLB, the world's largest oil service and equipment provider, was one…
Japan's Toshiba plans to establish a domestic supply chain for offshore wind power equipment together with U.S. manufacturer General Electric, Nikkei reported on Saturday, as Japan is expanding in renewable energy in a zero-carbon push. Japan's…
The hull of Brazil-bound FPSO Bacalhau has recently left the DSIC shipyard in China after 32 months of work. It will move to Singapore for topside module integration before heading out to Brazil where it will be deployed at a giant Equinor-operated offshore oil project…
The Australian Government has declared an area in the Pacific Ocean off the Hunter, New South Wales (NSW) as suitable for future offshore wind development.The announcement follows the declaration of Gippsland off the Victorian coast and will improve energy security…
Iran's foreign ministry will follow up on the Durra gas field known as Arash in Iran, the country's Oil Minister Javad Owji said on Wednesday according to semi-official Tasnim news agency.Kuwait and Saudi Arabia have 'exclusive rights' in the Durra gas field in the Gulf…
Offshore installation firm McDermott has secured a major subsea pipelines and cables engineering, procurement, construction, and installation (EPCI) project from Qatargas.The award is related to the North Field Production Sustainability (NFPS) Offshore Fuel Gas Pipeline and Subsea Cables Project…
Gas production has started via Tanjung Offshore Services' Tseven Elise Mobile Offshore Production Unit (MOPU) at Petronas Carigali's Bayan field. The news was shared Wednesday by T7 Global, a parent company of Tanjung Offshore Services.In 2020…
Malaysian firm Velesto Drilling, a subsidiary of Velesto Energy, has secured a contract from the Thai-based oil firm PTTEP to provide a jack-up drilling rig for its offshore drilling program in Malaysia.In a statement on Tuesday, July 11, 2023…
Three petroleum product reservoirs belonging to the Aftab Oil Refining company have caught fire in an industrial zone in Iran's southern port city of Bandar Abbas, state media reported on Monday. 'According to statements by local sources, efforts have been started to extinguish the fire…
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