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Asian Energy News - page 55

 

Keppel, Ørsted in Offshore Substation Pact

Nov 30, 2021

Singapore's Keppel Offshore & Marine has signed a framework agreement with offshore wind industry giant Ørsted for future offshore substation (OSS) projects.'The agreement is part of a strategic initiative to strengthen the long-term partnership…

Green Group to Challenge Approval for Woodside's Pluto LNG project

Nov 30, 2021

Woodside Petroleum said on Tuesday an environmental body will challenge the government's decision to approve the expansion of its Pluto LNG train on concerns of environmental harm caused by greenhouse gas emissions.The Conservation Council of…

Scottish Firm Nova Innovation Gets Funding for Indonesian Tidal Turbine Array Study

Nov 30, 2021

Tidal energy developer Nova Innovation has secured funding that the company says could deliver the first-ever tidal turbine array in Indonesia.Nova’s FLITE (Feasibility of Larantuka and Indonesian Tidal Energy) project that will deliver a feasibility study for a 7MW tidal array in Larantuka Strait…

First Turbine Operational at Yunlin Offshore Wind Farm in Taiwan

Nov 30, 2021

French energy industry giant TotalEnergies on Tuesday announced the start-up of power generation from the first turbine of the Yunlin offshore wind farm in Taiwan. TotalEnergies joined this project, operated by wpd, with a 23% interest in May…

Expro Reels in $50M Worth of Subsea Contracts in Malaysia, Australia

Nov 29, 2021

Oilfield services firm Expro said Monday it had secured four 'significant' subsea well access contracts in Malaysia and Australia worth more than $50 million. Two contracts are in Australia and two in Malaysia. One contract is with Shell in Malaysia…

Shell, CoensHexicon JV Gets EBL for Floating Wind Project in South Korea

Nov 29, 2021

MunmuBaram, a joint venture between Shell and CoensHexicon, has secured an Electricity Business License (EBL) for its floating offshore wind project off the coast of Ulsan, South Korea. The EBL from the Ministry of Trade, Industry, and Energy…

Iran, Turkmenistan, Azerbaijan in Gas Swap Deal

Nov 29, 2021

Iran, Turkmenistan, and Azerbaijan have signed a gas swap deal for up to 2 billion cubic meters (bcm) per year, Iranian state news agency IRNA reported on Sunday.Under the swap deal, Iran will receive gas from Turkmenistan and deliver an equivalent amount to Azerbaijan at the Astara border…

Omicron Threatens Oil Demand Recovery

Nov 29, 2021

Asian oil refiners' margins have slumped to the lowest in nearly five months amid worries that the Omicron coronavirus variant could deal another blow to oil demand recovery, already hit by rising COVID-19 cases in Europe.Governments worldwide…

UK North Sea: CNOOC Brings Online Buzzard Phase II

Nov 29, 2021

Chinese oil and gas company CNOOC has started production from the Buzzard Phase II development in the UK North Sea.Buzzard Phase II sits around 100 kilometers northeast of Aberdeen, Scotland, with an average water depth of approximately 96 meters…

Indonesia Offers 8 Oil and Gas Blocks for Bids

Nov 29, 2021

Indonesia is putting eight new oil and gas blocks located across the archipelago up for bids, Tutuka Ariadji, the director general of oil and gas at the country's energy ministry, said on Monday.The oil and gas blocks had a total capacity of…

Thai Oil Firm PTT Expands Pharma Business with $475M Alvogen Deal

Nov 26, 2021

Thailand's state-owned oil firm PTT is set to expand further into pharmaceuticals as part of a consortium acquiring a unit of drugmaker Alvogen, the parent of Taiwan's Lotus Pharmaceutical, PTT said on Friday.A consortium of PTT and Icelandic…

New Worley Chief Financial Officer Set to Assume Role Next Week

Nov 26, 2021

Australian engineering firm Worley said Thursday that Tiernan O'Rourke would assume the position of Chief Financial Officer (CFO) on November 29.O'Rourke's appointment was announced back in August when Worley said he'd start in the position 'later this calendar year…

Australian Parliament Clears Way for Offshore Wind Farms

Nov 26, 2021

Australia's parliament on Thursday passed legislation setting a framework for developing offshore wind farms and transmission lines, in a big boost to several multibillion-dollar proposed projects as the country looks to replace coal-fired power…

Brent Drops Under $80 as Investors Wary of New Variant, Q1 Surplus

Nov 26, 2021

Brent slid nearly 4% to below $80 a barrel on Friday as a new COVID-19 variant spooked investors, adding to concerns that a global supply surplus could swell in the first quarter following the release of crude reserves by the United States and others…

DeltaTek's Cementing Tech Saves Petronas Time and Cost Offshore Mexico

Nov 24, 2021

Well construction firm DeltaTek said Tuesday that Petronas had recently used its cementing technology offshore Mexico for the first time.This project, at a deepwater exploration well (BC-1) off the coast of Tampico in over 5000ft of water, marked…

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