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Asian Energy News - page 3

 

Sapura Energy Bags FEED for Santos' Dorado Offshore Platform

Aug 26, 2021

Malaysia's Sapura Energy has won the FEED contract for the design, construction, and installation of the Wellhead Platform (WHP) for Dorado offshore development in Western Australia.The WHP will be an unmanned installation, located in 90 meters water over the Dorado oil and gas field…

Oil Search Says Merger with Santos Crucial to Growth Plans

Aug 24, 2021

Oil Search Ltd will need billions of dollars to fund its growth plans, and tying up with Santos Ltd to create a A$20 billion ($14 billion) company will give it the access to capital that it needs, its boss said on Tuesday.Oil Search agreed to…

BHP at Risk of Credit Rating Downgrade on Oil Business Sale

Aug 24, 2021

BHP Group is at risk of a two-notch downgrade that would provoke its lowest ever credit rating as the sale of its petroleum business raises the miner's dependence on its major business of iron ore, S&P Global said on Tuesday.BHP has agreed to…

Kansai Electric, RWE Studying Floating Wind Project in Japan

Aug 23, 2021

Japanese utility Kansai Electric Power Co Inc and German utility RWE have agreed to jointly study the feasibility of a large-scale floating wind project off the Japanese coast, the companies said on Monday.Japan's offshore power market is expected…

Report: Chevron Starts COVID-19 Vaccination Mandates

Aug 23, 2021

Oil major Chevron Corp has begun requiring some employees to receive COVID-19 vaccinations and is evaluating mandates throughout its entire workforce, the Wall Street Journal reported on Monday citing people familiar with the matter.Chevron is now requiring expatriate employees…

PTTEP Names New CEO

Aug 23, 2021

Thai oil company PTTEP has appointed its President Montri Rawanchaikul as the new Chief Executive Officer (CEO) and Director.He will replace Phongsthorn Thavisin who will end his roles with PTTEP on September 30, 2021. The appointment of the new CEO and Director will be effective from October 1…

Santos Selects Altera for Dorado FPSO FEED

Aug 23, 2021

Australian oil and gas company Santos has awarded the FEED contract for the FPSO for the Dorado project offshore W. Australia to Altera Infrastructure.Located in the Bedout Sub-basin, Dorado is an oil and gas project which is planned to be developed in two phases…

Woodside Paying New Female CEO 25% Less than Predecessor

Aug 20, 2021

Woodside Petroleum is paying new CEO, Meg O'Neill, around 25% less than her predecessor, even as she embarks on sealing a deal to double the size of the Australian company to turn it into a top 10 independent oil and gas producer.Details of…

CNOOC to Increase Renewables Spend

Aug 19, 2021

China's top offshore oil and gas driller CNOOC Ltd said it would channel up to 10% of annual spending to green energy by 2025, and announced interim net profit more than tripled from last year as oil prices rebounded.That doubles a previous…

CNOOC Sees 1H Profit Soar

Aug 19, 2021

China's top offshore oil and gas driller CNOOC Ltd said on Thursday its first-half net profit more than tripled from a low base last year, supported by rebounding oil prices and recovering energy demand after the pandemic.CNOOC Ltd, a listed branch of China National Offshore Oil Corp…

Opinion: BHP's Petroleum Exit Shows Oil and Gas May Follow Coal's Path to Toxic Status

Aug 19, 2021

The market hasn't exactly cheered BHP Group's proposed exit from its oil and gas business, with shares of both the mining giant and the acquirer, Woodside Petroleum, tumbling in the wake of deal.A point of concern for investors is that BHP may have sold the assets too cheaply…

Cenertech's New FPSO to be Built to ABS Class

Aug 18, 2021

ABS said Wednesday that the new FPSO ordered by China National Offshore Oil Company Energy and Technology Services  Company (Cenertech) to serve the Lu Feng 12-3 Oilfield would be built to ABS Class.The 100,000 DWT FPSO is the center of a development…

Woodside Names Meg O’Neill CEO

Aug 17, 2021

Australian oil firm Woodside said Tuesday it had named acting CEO Meg O’Neill as the company’s Chief Executive Officer and Managing Director. O’Neill succeeds Peter Coleman who retired from Woodside in June 2021. Woodside Chairman Richard Goyder…

OPEC+ Sees No Need to Meet US Call for More Supply

Aug 16, 2021

OPEC and its allies, including Russia, believe oil markets do not need more oil than they plan to release in the coming months, despite U.S. pressure to add supplies to check an oil price rise, four sources told Reuters.The price of international…

Floating Wind: TotalEnergies, GIG Get EBL in South Korea

Aug 16, 2021

TotalEnergies nad Macquarie’s Green Investment Group (GIG) and have recently secured an electricity business license (EBL) for their floating offshore wind project located off the coast of Ulsan, South Korea.This is the first floating offshore…

Current News

Drilling Contract Terminated for Sunken Jack-up Rig in Malaysia

Drilling Contract Terminated for Sunken Jack-up Rig in Malaysia

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Investors Managing $10 Trillion Set Tough Climate Blueprint for Big Oil

Malaysia's Kimanis Oil Exports Hit by Issue at Shell Offshore Field

Malaysia's Kimanis Oil Exports Hit by Issue at Shell Offshore Field

Saudi Aramco, McDermott Sign MoU for Use of SAFIRA Yard

Saudi Aramco, McDermott Sign MoU for Use of SAFIRA Yard

Chevron to Triple Low-carbon Investments

Chevron to Triple Low-carbon Investments

Iranian Tanker Seen in Syria Discharging Gasoil for Lebanon

Iranian Tanker Seen in Syria Discharging Gasoil for Lebanon

Japan to Open Bidding for Akita Area Offshore Wind Farm

Japan to Open Bidding for Akita Area Offshore Wind Farm

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