Jan De Nul Group said Wednesday it had completed the installation of all 21 offshore wind turbines for the 109.2 MW Taiwan Power Company Offshore Windfarm Phase 1 Project – Demonstration, including the installation of all subsea cables.The TPC Offshore Wind Farm near Fangyuan…
Benchmark oil prices could hit $100 a barrel and price volatility could also grow due to lower investments and the energy transition, the heads of top energy companies said on Tuesday.'There is quite a chance to reach $100 but we could see again…
Singapore-based oil and gas module construction firm Dyna-Mac has said it has won additional work from existing customers, for a total provisional contract sum of S$8.0 million ($5,94 million). Dyna-Mac said it had secured an add-on work scope for an ongoing project in its yard…
The cost of renewable energy sources is undercutting that of new and some existing coal-fired power plants, a report by the International Renewable Energy Agency (IRENA) showed on Tuesday.Due to cheaper renewable energy, up to 800 gigawatts…
Malaysia's Serba Dinamik Holdings Bhd will take legal action against its auditor KPMG for negligence and breach of contract, its chairman Mohamed Ilyas Pakeer Mohamed said on Tuesday.KPMG has 'negligently red flagged some issues', he said at a news conference…
Russian liquefied natural gas producer (LNG) Sakhalin Energy said on Monday a planned shutdown on its Piltun-Astokhskaya-B (PA-B) offshore oil and gas production platform had been successfully completed.The PA-B platform was the first this year…
Dutch offshore installation company Heerema Marine Contractors has signed a contract with Acteon's offshore pile-driving operating subsidiary MENCK for the provision of two of the world’s largest hammers to support offshore wind installation activities in Taiwan…
Italian oil and gas company Eni said Thursday it had signed an agreement with SKK Migas for cooperation on exploration activities in Indonesia. The memorandum of understanding defines the framework for further cooperation in the processing and…
Offshore drilling contractor Japan Drilling Co., Ltd. (JDC) has secured an offshore drilling contract with North Oil Company in Qatar.JDC will provide its jack-up drilling rig Hakuryu-10 over a three-year contract at Qatar's giant offshore oil field Al-Shaheen…
China’s southern province of Guangdong, the country’s largest regional economy, plans to offer subsidies to offshore wind power projects, to boost lower-carbon investment and reduce emissions, an industry website reported on Tuesday.The subsidies…
Oil extended its run of gains on Wednesday, climbing towards $75 a barrel to its highest since April 2019, supported by a recovery in demand from the pandemic and a drop in U.S. crude inventories.The American Petroleum Institute reported U…
Malaysian state-owned energy company Petronas and Indonesian counterpart Pertamina are on a watchlist for removal from JPMorgan’s ESG EMBI index, the bank said in a statement on Tuesday.JPMorgan said both oil majors 'are expected to exit the…
Having scaled the peak of becoming the world's top exporter of liquefied natural gas (LNG), Australia's producers of the super-chilled fuel are contemplating switching their industry around to become the global leader in hydrogen.The keynote…
Australia, the world's biggest exporter of coal and liquefied natural gas, should view decarbonization not as a threat but as an opportunity to create a 'new, large-scale industry' in carbon offsets, Santos CEO Kevin Gallagher said on Tuesday…
Miclyn Express Offshore's Miclyn Emperor and Miclyn Empress have secured contracts to perform supply vessel operations at a gas field in the Malaysia-Thailand Joint Development Area (MTJDA) for 3 years and 2 years respectively. The two sister…
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