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Petronas to Use Honeywell UOP Tech at Kasawari Gas Field

Jul 28, 2020

Malaysian oil and gas company Petronas Carigali will use Honeywell UOP modular natural gas processing technology at the Kasawari gas field offshore Sarawak, Malaysia.Honeywell UOP said Petronas would use its technology in the development of…

Xodus, E&E to Jointly Offer Offshore Wind Advisory Services in Japan

Jul 28, 2020

UK-based energy consultancy Xodus Group has partnered up Japanese consultancy E&E Solutions to deliver advice and analysis for the developing offshore wind market in Japan.E&E Solutions has the local market knowledge, including an extensive…

GMS Completes 'First' Well Intervention from Self-Propelled Jack-Up Unit

Jul 28, 2020

Gulf Marine Services, a UAE-based supplier of self-propelled and self-elevating support vessels (SESVs) for the offshore energy industry, has said it has completed its first Well Intervention work scope.The company, which normally provides offshore…

China's CNOOC Acquires Stakes in Abu Dhabi's Major Offshore Blocks

Jul 27, 2020

China-based offshore oil and gas-focused company CNOOC will acquire rights in Abu Dhabi's major offshore blocks Lower Zakum, Umm Shaif and Nasr.Abu Dhabi's national oil company ADNOC said Monday it would transfer part of rights in the offshore…

Delek to Sell $2.25B of Bonds to Finance Leviathan Gas Field

Jul 27, 2020

Israel's Delek Drilling plans to raise $2.25 billion in an international bond offering to help it finance the development of the Leviathan natural gas project off Israel's Mediterranean coast.The issue, expected to be completed in coming weeks…

Sparrows' Crane for Vedanta's Offshore Facilities in India

Jul 27, 2020

Sparrows Group has secured a three-year contract renewal to supply a rental crane to Vedanta Resources Limited, extending its relationship with the company to nine years.A Sparrows manufactured ECR-20 crane will be mobilized to the Lakshmi and Gauri oil and gas fields of Cairn Oil & Gas…

Webinar: Floating Production Forecasts & Analysis

Jul 24, 2020

A free webinar will deliver latest forecasts and market intelligence for the global floating production industry, offering insider access to business and investment opportunities in the deepwater sector.Floating Production Systems: 2020 Forecasts & Analysis…

TAS Terminates Shipbuilding Deals for 16 Offshore Vessels

Jul 24, 2020

Malaysian offshore vessel operator TAS Offshore has canceled shipbuilding contracts for 16 offshore support vessels.The company had signed the contracts in the 2013-2015 period with two Chinese shipbuilders Guangzhou Hangtong Shipbuilding and Shipping Co…

Tekmar Energy's Cable Protection for Offshore Wind Farms in Japan

Jul 24, 2020

Subsea protection equipment provider Tekmar Energy will provide cable protection for the Akita and Noshiro offshore wind farm project in Japan.The wind farms, set to be the first utility-scale offshore wind project in Japan, will be delivered by Akita Offshore Wind Corporation…

Santos' 2Q Revenue Drops. Output at Record Levels

Jul 23, 2020

Australia's Santos Ltd reported an 18% drop in second-quarter revenue on Thursday due to lower realised prices for its oil and gas, but said production from its core assets was expected to remain steady in the near term.The country's second…

SK Innovation Takes Over Block 16-2 Offshore Vietnam

Jul 23, 2020

South Korea's SK Innovation has taken over operatorship over the Block 16-2 offshore Vietnam.PetroVietnam Exploration Production Corporation (PVEP) said Thursday that the signing ceremony had been held in Hanoi on Tuesday, July 21.The offshore…

Baker Hughes Posts Q2 Loss as Oil Slump Hits Demand

Jul 22, 2020

Baker Hughes Co posted its second consecutive quarterly loss on Wednesday and said it would continue to rein in costs in preparation for a longer period of volatility in oil prices.Oil producers halted the drilling of new wells and drastically…

Formosa 2 Offshore Wind Farm Pin Piles Arrive in Taiwan

Jul 22, 2020

BBC Onyx multipurpose heavy-lifter has arrived in Taiwan carrying the first batch of foundation components for the Formosa 2 offshore wind farm.'Formosa 2 offshore wind farm loaded-in the first set of foundation components, including pin piles…

Chevron Inspecting Heat Exchangers at Gorgon After Maintenance

Jul 22, 2020

Chevron Corp is inspecting propane heat exchangers on train 2 at its Gorgon liquefied natural gas (LNG) plant in Australia, the company said on Wednesday, following maintenance that was due to be completed by July 11.The inspections are delaying the restart of the train…

GIEK Aims to Boost Norwegian Suppliers' Presence in Burgeoning Offshore Wind Sector

Jul 21, 2020

The Norwegian Export Credit Guarantee Agency GIEK has quadrupled its offshore wind portfolio to NOK 4.2bn (USD 453m) since the tail end of last year, and is ready to provide a further boost for local suppliers to secure more offshore wind business internationally…

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Goldman Sachs predicts a 410,000-bpd increase in OPEC+ supply for June
The US jobs report and signs of an easing in trade tensions have led to a rise in world stocks.
Sources say that OPEC+ is set to increase oil production again in June.
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