Thai oil and gas company PTTEP has become the official operator of the G1/61 offshore block, containing the Erawan, Platong, Satun, and Funan fields, as well as the G2/61 project, containing the Bongkot field, offshore Thailand.Back in December 2018…
Danish wind turbine maker Vestas has together with its partner Tien Li Offshore Wind Technology (Tien Li) produced the first V174-9.5MW blade at its facilities in Taiwan.The blades, part of Vestas' V174-9.5MW offshore turbine, will be installed…
Should Japan ever exit the Sakhalin energy projects in Russia and their stakes were acquired by Russia or a third country, this would weaken the effectiveness of Western sanctions and benefit Russia, Japan's industry minister said on Friday…
Aramco’s hydrographic survey vessel, KARAN 8, has become the first in the Middle East region and second worldwide to be awarded an ABS Infectious Disease Mitigation (IDM) notation.ABS' IDM-A notation is offered to vessels that meet the arrangement…
Top oilfield services firm Schlumberger reported a higher first-quarter profit on Friday and increased its dividend by 40%, as rising oil prices boosted demand for services and equipment.Oil prices climbed to their highest in more than a decade…
Energy giant Shell is in talks with some Chinese companies to sell its stake in a major Russian gas project amid sanctions imposed on Moscow over its invasion of Ukraine, The Telegraph reported on Thursday.The London-listed company is in joint talks with Chinese state-run oil companies CNOOC Ltd…
Malaysia's Perdana Petroleum has, through its subsidiary Perdana Nautika, received a work order award from Vantage Well Services for the provision of an accommodation work barge.The 90-day contract for the Sarawak Offshore 2022 facilities work…
Norwegian offshore services company Havfram has won a contract on the Yunlin offshore wind farm which is being developed offshore Taiwan.The contract, with Yunneng Wind Power Co., Ltd, will see Havfram provide Project Management and Owners Engineer…
Greater Changhua 1 & 2a offshore wind farm, Taiwan's largest, has delivered first power, Ørsted, the developer of the wind farm said Thursday.Located 35-60 kilometers off Taiwan’s west coast, Greater Changhua 1 & 2a has a total capacity of 900 MW…
China's CNOOC Ltd saw its stock surge as much as 44% in its Shanghai debut on Thursday in defiance of overall market weakness, as investors sought safety in the oil giant amid lofty energy prices and quickening inflation.The stock started trade 20% higher than its offering price…
The Saudi cabinet reaffirmed the right of the kingdom and its neighbor Kuwait to exploit natural resources at a joint, energy-rich, offshore area, the state news agency reported on Tuesday.It also stressed the right of the two countries to develop the Durra natural gas field…
The Philippines has the potential to install 21 gigawatt of offshore wind power by 2040, equivalent to about a fifth of its electricity supply by then, according to a study released by the Department of Energy and the World Bank on Wednesday…
ExxonMobil Corp. estimates there will be a $4 trillion market by 2050 for capturing carbon dioxide and storing it underground, the company said in a presentation on Tuesday.That is about 60% of the $6.5 trillion market the U.S. largest crude producer estimates for oil and gas by then…
Offshore seismic services and technology company ION Geophysical has won a five-year contract with Brunei Shell Petroleum Co. (BSP), a joint venture between the Government of Brunei and Shell, for a digital solution to manage marine logistics…
Australian oil and gas company Santos has not found commercial hydrocarbon quantities at its Apus-1 well, located offshore W. Australia, 27 kilometers from the successful Pavo-1 well discovery.Carnarvon Energy, Santos' partner in the license WA-437-P…
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