Oil major BP has formed an offshore wind joint venture with Norway's Deep Wind Offshore to develop offshore wind farms in South Korea. As part of the deal agreement, BP has acquired a 55% stake in Deep Wind Offshore’s early-stage offshore wind portfolio…
Citicore Renewable Energy Corp, one of the Philippines' biggest solar power producers, is planning to go public this year to fund a $4 billion investment in new solar projects over the next five years, its CEO said on Friday.'For a country such…
Japan's biggest power generator JERA plans to sell its stake in a yet-to-be-built offshore wind project in Taiwan, Nikkei reported late on Friday, on concerns about high construction costs and low profitability.JERA plans to sell its 44% stake…
Malaysia Marine and Heavy Engineering Sdn Bhd (MMHE) has secured a contract from Carigali-PTTEPI Operating Company Sdn Bhd (CPOC) to build and install five platforms and pipelines, and for host tie-in works in the Malaysia-Thailand Joint Development Area (MTJDA)…
The energy sector is undergoing a transformation, with a growing focus on cleaner energy sources and technologies that reduce greenhouse gas emissions and contribute to a more sustainable future. In this context, hydrogen is emerging as a key player in the energy transition…
Japan Drilling Co., Ltd. (JDC), a Japanese offshore drilling company, has won a contract to drill in Thailand.The contract, signed with Medco Energi, will see JDC provide the jack-up drilling rig 'HAKURYU-11' for work at the Bualuang field…
Italy's Eni could take over Chevron's stake in and operatorship of the Indonesia Deepwater Development (IDD) gas project by mid-2023, a senior Indonesian energy ministry official said on Tuesday.'Currently Eni is working, and so far, so good…
Indonesian energy company Medco Energi Internasional MEDC.JK (MedcoEnergi) will raise its capital expenditure by nearly 50% to about $370 million this year, with a bigger portion allocated to oil and gas development, a company director said on Thursday…
Japan's Inpex on Thursday forecast a 38% fall in net income to 270 billion yen ($2 billion) and a 19% fall in sales to 1.9 trillion yen this year, hit by lower oil prices and a stronger yen. The country's top exploration and production company…
Australia's Santos Ltd said on Thursday that gas production from its John Brookes platform in Western Australia has resumed, following an over two-month long outage, with operations expected to ramp up to full rates in the coming days.Around late November last year…
Big Oil more than doubled its profits in 2022 to $219 billion, smashing previous records in a year of volatile energy prices where Russia's invasion of Ukraine reshaped global energy markets and, in some cases, the industry's climate ambitions…
ONGC Videsh (OVL) Ltd, the overseas exploration arm of India's Oil and Natural Gas Corp, is looking for exploration and production investment opportunities in Africa and Latin America, such as in Ghana and Surinam, managing director Rajarshi Gupta said…
Iran signed a $900 million contract on Saturday with Iranian Offshore Engineering and Construction Co (IOEC) to develop the first phase of its Kish offshore gas field in the Gulf, state television reported. Under the contract, IOEC is to launch…
Woodside Energy Group and its partners on Monday formally committed to working rapidly to pick the best option for developing the Greater Sunrise natural gas field, factoring in for the first time the potential benefits for East Timor. The Sunrise Joint Venture…
All 47 offshore wind turbine generators have been installed at the Formosa 2 offshore wind project the 376MW Formosa 2 offshore wind project off the coast of Miaoli in western Taiwan.The last wind turbine was successfully installed on January 31…
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