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ADNOC Awards Food Catering Services Deals Worth $272M

Dec 06, 2022

Abu Dhabi National Oil Company (ADNOC) has signed contracts worth over AED 1 billion (around $272,25 million) with four Abu Dhabi companies to provide food catering services to all ADNOC Group companies from 2022 to 2027.The contracts were signed…

Marco Polo Marine Eyes Offshore Wind Work in Japan

Dec 06, 2022

Marco Polo Marine, a Singapore-listed offshore vessel company, is looking to enter the Japanese offshore wind market and has signed a memorandum of understanding with 'K' Line Wind Service in that regard.Both parties, according to Marco Polo Marine…

MMA Offshore Sells Batam Shipyard

Dec 02, 2022

Australian offshore vessel operator MMA Offshore has completed the sale of its shipyard in Batam, Indonesia.The planned sale was first announced back in May when MMA Offshore said it would sell its shipyard facility to Wasco Engineering Group…

Valeura Energy Books Tanker for Gulf of Thailand Oil Field

Dec 02, 2022

Oil and gas company Valeura Energy has entered into a definitive agreement with PT Samudra Alam Transport to charter the MT Vula crude oil tanker to store oil produced from the Wassana oil field, offshore in the Gulf of Thailand.In Q2 2022,…

Australia Court Ruling on Santos Raises Risks for Offshore Gas Projects

Dec 02, 2022

Australia's Federal Court rejected on Friday an appeal by Santos Ltd to resume drilling on its $3.6 billion Barossa gas project off northern Australia after indigenous groups raised objections, potentially delaying other offshore projects.Three…

Keel Laying Ceremony Held for Two Shanghai Electric SOVs

Nov 30, 2022

A keel-laying ceremony was held for two Ulstein-designed offshore wind service operation vessels (SOV) on Wednesday at the ZPMC yard.Shanghai Electric, a Chinese wind turbine manufacturer, ordered the two vessels of the Ulstein SX195 and SX197 designs…

Malaysia's Petronas Posts Q3 Profit, Warns of Continuing Market Volatility

Nov 30, 2022

Malaysia's state energy firm Petroliam Nasional Berhad, or Petronas, on Wednesday posted a near doubling of its third quarter profit and warned of continuing volatility in oil and gas prices. The company reported a profit of 30.8 billion ringgit in the July-September period…

Labor Turmoil Sweeps Australia as Inflation Stirs 'Spirit of anger'

Nov 29, 2022

After a decade of making up to A$200,000 a year (about US$135,000) on oil and gas rigs as a fitter and subsea equipment specialist in Western Australia, Adam Naylor had had enough.He had watched his pay go backward and conditions worsen during the pandemic…

Malaysia's Petronas Greenlights CCS Project Offshore Sarawak

Nov 29, 2022

Malaysian state oil firm Petronas said on Tuesday it had decided to develop the Kasawari carbon sequestration project in offshore Sarawak as part of the final investment decision (FID) on the venture. Petronas said the project - located in Block SK316 off Bintulu town - is expected to reduce 3…

Woodside Energy Delivers LNG from Australia's North West Shelf to Europe

Nov 28, 2022

Australian oil and gas company Woodside Energy said Monday it had delivered an LNG cargo to Europe on board the Woodside Rees Withers LNG carrier from Australia’s North West Shelf. The cargo of approximately 75,000 tonnes of LNG (100 million cubic meters of natural gas) was delivered on November 27…

CGG to Keep Running Seismic Center for Shell in Brunei

Nov 24, 2022

Brunei Shell Petroleum Company Sdn Bhd (BSP) has awarded CGG a multi-year contract extension to continue running a dedicated seismic imaging center at its head office in Seria, Brunei. In the past six years, CGG has delivered land, marine, transition zone…

Saudi Aramco Signs 59 Deals Worth $11B Under iktva Program. Global Oilfield Services Majors Among Suppliers

Nov 22, 2022

Saudi Arabian national oil company Saudi Aramco saod Tuedsay it had signed signed 59 corporate procurement agreements (CPAs) with 51 local and global manufacturers, including oilfield services majors Baker Hughes, Halliburton, SLB, and TechnipFMC…

Australia's LNG Exporters Have a No-win Domestic Dilemma: Russell

Nov 22, 2022

Australia's liquefied natural gas exporters have a problem at home, where industrial and domestic consumers are making strident demands for them to accept a price cap, higher taxes, guaranteed volumes or some combination of all of these.The…

ADNOC Drilling to Buy Three New Jack-up Rigs for $320M

Nov 21, 2022

UAE-based offshore drilling contractor ADNOC Drilling said Monday it had agreed to buy three 'brand new' premium offshore jack-up drilling rigs for $320 million, 'with further acquisitions in the pipeline.'The company said the rigs would meet…

Qatar Pens 27-year Deal with China as LNG Competition Heats Up

Nov 21, 2022

QatarEnergy has signed a 27-year deal to supply China's Sinopec with liquefied natural gas (LNG), the longest such LNG agreement so far as volatile markets drive buyers to seek long-term deals. Following Russia's invasion of Ukraine in February…

Current News

Velesto’s Jack-Up Rig Up for Drilling Job Offshore Vietnam

Velesto’s Jack-Up Rig Up for Drilling Job Offshore Vietnam

ABS Greenlights SHI’s Multi-Purpose Deepwater LNG Floating Unit

ABS Greenlights SHI’s Multi-Purpose Deepwater LNG Floating Unit

Turkey Discovers New Black Sea Gas Reserve

Turkey Discovers New Black Sea Gas Reserve

Indonesia's Medco Starts Production at Natuna Sea Fields

Indonesia's Medco Starts Production at Natuna Sea Fields

Indonesia Grants Approval to Kuwaiti Firm for Anambas Block in Natuna Sea

Indonesia Grants Approval to Kuwaiti Firm for Anambas Block in Natuna Sea

ADNOC’s XRG Partners Up with Petronas for Offshore Gas Block in Caspian Sea

ADNOC’s XRG Partners Up with Petronas for Offshore Gas Block in Caspian Sea

Valeura Energy Greenlights Wassana Oil Field Redevelopment off Thailand

Valeura Energy Greenlights Wassana Oil Field Redevelopment off Thailand

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