Malaysian FPSO provider Yinson has secured a contract extension for the PTSC Lam Son FPSO in Vietnam with Vietnam's PTSC AP.The 243 meters long Lam Son FPSO, able to produce 15,000-20,000 barrels of oil per day (bopd), with a storage capacity of up to 650…
Oil and gas major Chevron as the operator of the Gorgon gas project has, with its partners, agreed to proceed with the Jansz-Io Compression (J-IC) project, offshore W. Australia. The investment is estimated at around $4 billion (AU$6 billion)…
The OPEC+ group of oil producers meets on Thursday to decide on a further easing of output cuts next month and could also consider extending its overall supply pact beyond April 2022, sources within the group told Reuters.The group comprising…
Australian oil and gas company Santos on Tuesday announced the start of Front-End Engineering and Design (FEED) for the Dorado field development in the Bedout Sub-basin, offshore Western Australia. Contracts are expected to be awarded in the next few months…
Fred. Olsen Ocean (FOO), including its subsidiaries Fred. Olsen Windcarrier (FOWIC) and Global Wind Service (GWS), on Tuesday announced a partnership with Shimizu Corporation (Shimizu) to support growth and development in the offshore wind industry in Japan and worldwide…
U.S. oil major Chevron Corp has no plans to shrink its oil and gas business for wind and solar energy unlike some rivals, Chief Financial Officer Pierre Breber said on Thursday, amid pressure from shareholders to lower carbon emissions.Major…
Malaysian offshore services provider Handal Energy has been awarded a crane services contract with ExxonMobil in Malaysia.Under the contract, Handal Energy's subsidiary Handal Cranes will provide crane operation and maintenance services.The contract is for five years…
Chinese refinery crude oil throughput has reached its highest level ever, with total processed volumes up 12% in the first five months of this year compared to 2020, and up 10.9% from the same period in 2019. In total 292.7m tonnes have been…
Bahrain's National Oil and Gas Authority (NOGA) started drilling the first exploration well in offshore block No. 1 to the north of the kingdom, a government media adviser said on Twitter on Wednesday.The new well is part of an exploration and…
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…
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