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Sembcorp Marine Completes Construction of Offshore Wind Substations for Ørsted

Aug 16, 2021

Singapore's Sembcorp Marine has completed the construction of substations for Ørsted's Hornsea Two offshore wind farm in the UK.The two substations, the Offshore Substation (OSS) and Reactive Compensation Station (RCS), set off on a voyage to…

Woodside Confirms Talks to Buy BHP's Oil and Gas Business

Aug 16, 2021

Australian oil company Woodside confirmed Monday it has been in talks with BHP over the potential acquisition of BHP's oil and gas business.'Woodside notes recent speculation regarding a potential transaction between Woodside and BHP Petroleum…

Drumbeat Grows Louder for BHP to Ditch Oil & Gas Business

Aug 13, 2021

Expectations are growing that BHP Group Ltd will deliver a verdict on the future of its petroleum business at its results next week, as it comes under increasing pressure to cut its fossil fuel footprint.The world's biggest miner has been facing…

Aker Offshore Wind, Mainstream to Acquire Stake in Japanese 800MW Floating Wind Project

Aug 12, 2021

Norway's Aker Offshore Wind said Thursday it has, with its partner Mainstream Renewable Power, been selected as the preferred bidder to acquire an initial 50 percent stake in Progression Energy’s 800MW floating offshore wind project in Japan…

Chevron taps Baker Hughes for Jansz-Io Subsea Compression Manifold

Aug 10, 2021

Oilfield services firm Baker Hughes has won a contract with Chevron to deliver subsea compression manifold technology for the Jansz-Io Compression (J-IC) project offshore W. Australia.Using its Subsea Connect early engagement approach, Baker…

Indonesia: Inpex to Delay FID for Abadi LNG Project

Aug 10, 2021

Japanese energy company Inpex Corp expects its final investment decision (FID) on the Abadi liquefied natural gas project in Indonesia to be delayed because COVID-19 has disrupted survey work and adjustments may be needed due to climate change…

Guyana Opts Against Long-term Oil Supply Deal with India

Aug 10, 2021

Guyana's Natural Resources Ministry said on Monday the country earned nearly $80 million from a July crude cargo sold to an Indian refiner, the highest figure since exports began in early 2020, though an official ruled out a long-term supply deal…

Exxon Considers Pledging Net-zero Carbon Emissions by 2050

Aug 05, 2021

Exxon Mobil Corp is considering a pledge to reduce its net carbon emissions to zero by 2050, the Wall Street Journal reported on Thursday, citing people familiar with the matter.The report comes more than two months after the oil major's shareholders…

Opinion: Weak Crude Imports in Asia Undercuts Oil Bulls

Aug 05, 2021

Another month, another weak outcome for crude oil in Asia, the world's top-consuming region, with July's imports declining for a fourth month in five as demand weakened amid high prices and the ongoing coronavirus pandemic.Asia's imports for July were assessed at 21…

ConocoPhillips Beats Estimates on Higher Prices, Output

Aug 03, 2021

ConocoPhillips on Tuesday posted a second-quarter profit that nearly doubled from the first and topped analysts estimates, helped by higher oil and gas prices and production.A recovery in fuel demand from a pandemic-forced slump has boosted globally-traded crude prices to over $70…

Markets: Oil Rises as Inventories Expected to Fall

Aug 03, 2021

Oil rose on Tuesday on expectation of a continuous decline in U.S. oil inventories, recouping some losses from the previous session due to lingering concern over rising cases of the Delta coronavirus variant.Brent, the international benchmark for oil prices…

SapuraOMV Divest Stakes in Peninsular Malaysia Producing Asset

Aug 02, 2021

SapuraOMV announced the completion of the transaction to sell its entire interests, held by SapuraOMV Upstream (PM) Inc. in various producing assets, located offshore Peninsular Malaysia to Jadestone Energy PLC, a Singapore-based, London-listed independent oil and gas company…

Oil Drops on China Economy Concerns

Aug 02, 2021

Oil prices fell on Monday on worries over China's economy after a survey showed growth in factory activity slipped sharply in the world's second-largest oil consumer, with concerns compounded by a rise in oil output from OPEC producers.Brent crude oil futures slid by 74 cents…

PHOTO: Offshore Wind Blade for MingYang's 11MW Turbine Rolls of Production Line

Jul 30, 2021

China's MingYang is making progress will its MySE 11MW-203 offshore wind turbine development.The company said Friday via social media that its MySE 11-99A1 blade for the 11MW turbine had rolled off the production line at the Guangdong Shanwei offshore blade production facility on Thursday…

Petrofac Brings Online East Cendor Offshore Field in Malaysia

Jul 30, 2021

Malaysian oil and gas firm Petronas said Friday that Petrofac had brought online the East Cendor field in Block PM304, 40 kilometers offshore Peninsular Malaysia.The field was developed by Petrofac as the operator and Kuwait Foreign Petroleum Exploration Company and Petronas Carigali as partners…

Current News

Drilling Contract Terminated for Sunken Jack-up Rig in Malaysia

Drilling Contract Terminated for Sunken Jack-up Rig in Malaysia

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

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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