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MMA Offshore Buys Stake in Taiwanese Survey Firm GAS to Target Offshore Wind Work

Nov 11, 2021

Australian offshore services firm MMA Offshore has acquired 49.9% of the shares in the Taiwanese survey company Global Aqua Survey Ltd to form a new joint venture, the MMA Global Aqua JV, which will target the quickly growing offshore wind sector in Taiwan…

Santos $6B Takeover of Oil Search Gets Tepid Backing from Independent Expert

Nov 11, 2021

Oil Search shareholders are set to vote on Dec. 7 on a merger with Santos Ltd after gaining approval from a Papua New Guinea court and a mixed endorsement from an independent expert.If it goes ahead, the A$8.8 billion ($6.5 billion) takeover…

Malaysia: Serba Dinamik Sues EY. Seeks to Block Release of Findings

Nov 10, 2021

Oil services firm Serba Dinamik Holdings said on Wednesday that it filed a lawsuit against EY Consulting, seeking to restrain the audit firm from releasing any findings or report on the group.In a stock exchange filing, Serba said it filed an…

Japan's Marubeni Eyes Floating Wind, Green Hydrogen Projects in Scotland

Nov 10, 2021

Japanese company Marubeni Corporation has signed a Memorandum of Understanding with Scottish Enterprise on collaboration for the decarbonization of Scotland including floating offshore wind and green hydrogen businesses.The Scottish Government…

More Net than Zero: Do Carbon-cutting Promises Add Up for the Climate?

Nov 09, 2021

The growing avalanche of governments and companies committing to cut their climate-changing carbon pollution to net zero now covers 88% of global emissions, according to a tracker run by leading climate analysis groups.But those pledges do not…

Qatar Raises December Crude Prices

Nov 09, 2021

Qatar Petroleum raised the official selling prices (OSP) of its marine and land crudes in December, a pricing document posted on its website showed on Tuesday.Qatar marine was set at a premium of $2.20/barrel over the Dubai/Oman crudes average and Qatar land was priced at a premium of $2…

Petronas, Exxon to Explore CCS Opportunities in Malaysia

Nov 09, 2021

Malaysia's state energy firm, Petroliam Nasional Berhad (Petronas), said on Tuesday it has partnered with a Malaysian unit of Exxon Mobil Corp to jointly explore opportunities in carbon capture and storage (CCS) technologies in a bid to decarbonize the country's upstream industry…

North Field Expansion: QatarEnergy Orders Six LNG Carriers from S. Korean Shipyards

Nov 08, 2021

Qatar's state-run energy firm QatarEnergy, until recently known as Qatar Petroleum, has ordered six LNG tankers, four from Daewoo Shipbuilding & Marine Engineering (DSME) and two from Samsung Heavy Industries (SHI) in support of its North Field expansion project…

Further Disruption Expected at Indonesia's Merakes Offshore Gas Field

Nov 08, 2021

A disruption at a gas well in Indonesia's Merakes gas field is likely to affect gas production for longer than expected, an official at the country's oil and gas regulator said on Monday.The issue, caused by a sand blockage, had been expected to be dealt with early this month November…

Woodside Downgrades Offshore Gas Reserves Estimates Again

Nov 05, 2021

Woodside Petroleum slashed its gas reserves estimate for two fields at the Wheatstone project on Thursday, in an unexpected downgrade that knocked the top Australian oil and gas company's shares.The company also said it was on track to sell…

VIDEO: Offshore Drilling Firm Velesto Orders Chela Cranes from NOV

Nov 04, 2021

Velesto Drilling, a Malaysia-based offshore drilling company, has ordered two Chela cranes from NOV's Gusto MSC, to be installed on a jack-up drilling rig.NOV said that the deal marked the first two orders for the 'new and cost-competitive version' of the Crane - the Chela Twins…

PGS, Partners Start 3D Survey Off Malaysia

Nov 03, 2021

Norwegian marine seismic data acquisition company PGS has started a multiclient 3D survey in the Sarawak Basin, Malaysia.The survey is being carried out on behalf of the seismic consortium comprising PGS, TGS, and WesternGeco, using the Ramform Sovereign vessel…

McDermott, Shell in MoU to Decarbonize Construction

Nov 03, 2021

Offshore installation and construction company McDermott has signed a memorandum of understanding with Shell Eastern Petroleum Pte Ltd (Shell), a subsidiary of Shell, to collaborate on decarbonizing construction. 'The agreement enables McDermott and Shell to explore opportunities for reducing…

Ørsted Wraps Sale of 50% Stake in Greater Changhua 1 Offshore Wind Farm

Nov 03, 2021

Danish offshore wind farm developer Ørsted has completed the sale of 50% stake in the 605 MW Greater Changhua 1 offshore wind farm in Taiwan.The agreement to sell half of its stake in the wind farm project to global investment group Caisse de…

Mermaid Subsea Services to Acquire Swiber's Offshore Construction Vessel

Nov 02, 2021

Thai-based offshore services company Mermaid Subsea Services has signed a letter of intent with the offshore construction vessel Resiliant from Resiliant Offshore, a subsidiary of Swiber.The vessel - previously known as Swiber Conquest - is a pipelay and accommodation work barge…

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