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Asian Energy News - page 4

 

Brent Climbs Ahead of OPEC+ Oil Production Decision

Nov 24, 2023

Brent crude futures rose in early Asian trade on Friday, reversing losses in the previous session as traders speculated on whether OPEC+ would come to an agreement on further production cuts.Brent crude futures LCOc1 gained 29 cents, or 0.4%…

Indian Firm Clinches Mega Offshore Order in the Middle East

Nov 22, 2023

India-based L&T Energy Hydrocarbon – LTEH, the hydrocarbon business of Larsen & Toubro (L&T) has received a Letter of Intent for a 'mega' offshore order from an unnamed 'prestigious client in the Middle East.'For LTEH, a 'mega' contract means the contract is valued between ₹C 10…

Full Output Returns to Affected LNG Train at Chevron's Gorgon Facility in Australia

Nov 22, 2023

Full production has returned to a liquefied natural gas (LNG) train at Chevron's Gorgon facility in Western Australia, a company spokesperson said on Wednesday.On Oct. 31, an 'electrical incident' at a substation providing power supply to the…

McDermott Bags 'Sizable' Offshore Decommissioning Contract with Santos in Australia

Nov 21, 2023

Offshore energy industry services firm McDermott said Tuesday it had secured a 'sizable' engineering, procurement, removal, and disposal contract from the Australian oil and gas firm Santos.McDermott defines a sizable contract as between USD $1 million and USD $50 million…

Reach Subsea Buys Australian Marine Survey Firm

Nov 17, 2023

Norwegian subsea services company Reach Subsea has completed the acquisition of the Australian marine survey company Guardian Geomatics Pty. Reach Subsea had announced the proposed acquisition of Guardian Geomatics in October.It said at the…

Vietnam Will Struggle to Meet 2030 Offshore wind goal, Top Official Says

Nov 09, 2023

Vietnam will have a hard time reaching its offshore wind power target for 2030, a top executive at a state-owned energy company said, with foreign investors also warning of multiple regulatory hurdles that would need to be cleared.The Southeast…

Japan Says to Ensure U.S. Sanctions on Russia LNG Project Won't Harm Supplies

Nov 08, 2023

Japan will make sure its energy supplies are not affected by sanctions the United States recently imposed on the Arctic LNG 2 project in Russia in which it has a stake, Industry Minister Yasutoshi Nishimura said on Tuesday.Japan, the world's second-largest liquefied natural gas (LNG) buyer…

McDermott Secures 'Large' Offshore Project Contract in India

Nov 07, 2023

Offshore transportation and installation contractor McDermott said Tuesday it had won a 'large' transportation and installation contract with India's Oil and Natural Gas Corporation (ONGC) for the KG-DWN-98/2 development project, located off the east coast of India…

Bangladesh Gov't Gives Nod for Country's First Offshore Wind Project, Summit Says

Nov 07, 2023

Denmark's green investment proposal valued at USD 1.3 billion for developing the country's first 500 MW utility-scale offshore wind energy project has received approval in principle from the Bangladesh government to carry out a detailed feasibility…

Chevron Struggles to Exit Myanmar Gas Project After Nearly Two Years

Nov 03, 2023

Nearly two years after U.S. energy company Chevron condemned violence and human rights abuses in Myanmar and announced it would leave, the company said it still holds assets there, including a portion of an offshore gas field in a venture with the state energy company…

Solstad Offshore Sells Laid Up AHTS Vessel

Nov 01, 2023

Solstad Offshore's subsidiary, Solstad Rederi, has sold the Anchor Handling Tug Supply (AHTS) vessel Nor Spring.The 2008-built, 70-meter-long AHTS vessel has been in layup in Asia since 2020. 'Delivery of the vessel to the new owner took place today…

GMS Boosts Backlog to $326.2 M With Fresh Contract Wins

Nov 01, 2023

Gulf Marine Services (GMS), a provider of jack-up support vessels for the global energy industry, has secured new contracts for its fleet.The company said that it had won two contract extensions for four years in total and one new contract for two years in the GCC (Gulf Cooperation Council) Region…

World Bank Sees Lower 2024 Oil Price, but Middle East War Could Cause Spike

Oct 31, 2023

The World Bank said on Monday it expected global oil prices to average $90 a barrel in the fourth quarter and fall to an average of $81 in 2024 as slowing growth eases demand, but warned that an escalation of the latest Middle East conflict could spike prices significantly higher…

Israel Awards Gas Exploration Licenses to Eni, BP and Four Others

Oct 30, 2023

Israel's Energy Ministry said on Sunday it had awarded 12 licenses to six companies to explore for natural gas off the country's Mediterranean coast, aiming to create more competition and diversify suppliers.The license awards, which came as the Israel-Hamas conflict entered its fourth week…

Japan, Denmark to Collaborate on Floating Offshore Wind Technology

Oct 25, 2023

Japan and Denmark have agreed to join hands in researching and developing floating offshore wind power technologies in a bid to combat climate change, Japan's trade and industry ministry said.The nascent floating offshore wind industry is poised…

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