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Asian Energy News - page 3

 

Petronas Carigali Hires Uzma for Wireline Logging Services Off malaysia

Mar 23, 2021

Malaysian oilfield services company Uzma has won a contract with Petronas Carigali for electric wireline logging services.Uzma said it would provide non-rig assisted electric wireline logging services for Petronas Carigali for a period of three…

KrisEnergy's Vietnam Farm-Out Deal Delayed

Mar 23, 2021

Southeast Asia-focused oil firm KrisEnergy has yet again delayed the completion date of the proposed farm-out of its entire interest in Block 115/09 offshore Vietnam.KrisEnergy entered into the farm-out agreement with an unnamed international oil major for the Vietnam farm-out back in February 2020…

Malaysia's Palm-based Biodiesel Exports Set to Drop to Lowest Since 2017

Mar 23, 2021

Malaysia's exports of palm-based biodiesel are likely to fall this year to their lowest since 2017 due to European Union restrictions and the coronavirus pandemic, the Malaysian Biodiesel Association (MBA) said on Tuesday.Exports from Malaysia are estimated to fall to 350…

DNV to Support Construction of Taipower's Largest Offshore Wind Farm

Mar 23, 2021

DNV, the independent energy expert and assurance provider, has signed a USD 17.7 million (NOK 150 million) contract to be the 'Owner’s Engineer' for Taipower Offshore Wind Project Phase II (Changhua Phase II) in Taiwan. It is the largest offshore…

Vantage Drilling to Manage Seadrill Partners' Rigs as Court Grants Approval

Mar 22, 2021

Offshore drilling contractor Vantage Drilling has received court approval for a previously proposed deal which entails Vantage managing some of the rigs owned by Seadrill Partners.Vantage said Friday it had has entered into a Framework Agreement…

Indian Refinery Buys Brazilian Tupi Crude

Mar 22, 2021

India's Mangalore Refinery and Petrochemicals Ltd has bought its first-ever cargo of Brazilian Tupi crude oil in a tender, two industry sources said on Monday.The 1-million-barrel cargo was sold by Royal Dutch Shell for May delivery, he added…

Saudi Aramco to Cut Spending as Profit Drops 44.4%

Mar 22, 2021

Saudi Arabian state oil giant Aramco is betting on an Asian-led rebound in energy demand this year after it reported a steep slide in net profit for 2020 on Sunday and scaled back its spending plans.The COVID-19 pandemic took a heavy toll on the company and its global peers in 2020…

Ørsted Starts Offshore Construction at 900 MW Greater Changhua 1 & 2a Offshore Wind Farms in Taiwan

Mar 19, 2021

Denmark-based offshore wind installation company Ørsted, said Friday it was kicking off full-scale offshore construction activities of the 900 MW Greater Changhua 1 & 2a offshore wind farms in Taiwan.Ørsted said it would start laying export…

Iberdrola Enters 600MW Seihoku-oki Offshore Wind Project in Japan

Mar 17, 2021

Spanish renewable energy giant Iberdrola has added another offshore wind project to its Japanese portfolio as it has agreed with Cosmo Eco Power and Hitz to jointly develop the 600MW Seihoku-oki wind project in Aomori prefecture, in the northwest of the country…

Climate Change: $131 Trillion Clean Energy Investments Needed to Avert Catastrophe, Report Says

Mar 16, 2021

Planned investment in clean energy must increase by 30% to a total of $131 trillion by 2050 to avert catastrophic climate change, with the need to massively scale up hydrogen production particularly acute, according to a study published on Tuesday…

Myanmar Coup: Right Groups Call on Oil Firm Total to Suspend Payments on Operations

Mar 16, 2021

Total faced calls from rights groups on Tuesday to suspend payments on operations in Myanmar following a coup, after the oil group said it was worried about the situation while also highlighting the importance of its business there.The French company…

Activist Investor Seeks to Remove Ex-CEOs of IBM, Petronas, Caterpillar, MetLife from ExxonMobil Board

Mar 16, 2021

The activist investor leading a proxy fight to reshape Exxon Mobil Corp on Monday named the four directors it wants shareholders to remove at the oil company's upcoming annual general meeting.The investor, Engine No. 1, is a small fund that last year took on the top U…

Shell Looking to Sell Interests in Malaysian Offshore Blocks

Mar 15, 2021

Oil major Shell is exploring options to sell its non-operated interests in the Amended 2011 Baram Delta EOR Production Sharing Contract (PSC) and the SK 307 PSC, offshore Malaysia.The assets located offshore Sarawak, Malaysia, are operated by…

Woodside, Trafigura Load First Carbon Offset Condensate Cargo at Pluto LNG

Mar 15, 2021

Australian oil and gas firm Woodside and its Pluto LNG joint venture partners have delivered their first cargo of carbon offset condensate to commodity trading company Trafigura.The cargo was loaded at Pluto LNG plant in Western Australia, which…

Oil Prices: Brent Hits $70

Mar 15, 2021

Oil prices rose on Monday, with Brent reaching $70 a barrel, as data showed China's economic recovery accelerated at the start of 2021, boosting the energy demand outlook at the world's largest oil importer.Brent crude futures for May were steady at $69…

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