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…
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…
Energy and marine consultancy ABL said Monday it had won a contract with offshore drilling firm Velesto Drilling to provide marine warranty survey (MWS) services relating to the rig operator’s rig moves offshore Malaysia.ABL will also support Velesto Drilling with rig moves to adjacent countries…
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…
Murphy Oil Corp expects the first oil from the Lac Da Vang field in Block 15-1/05 in the Cuu Long Basin, offshore Vietnam, in 2026, the U.S. company said.The firm's board of directors have sanctioned the development of the project, where the company holds a 40% working interest…
The world's first offshore renewable energy project, combining floating wind power and deep-sea aquaculture, has been completed in China, Shanghai Electric Wind Power Group has informed.The project is developed by Longyuan Power Group, together…
Norwegian oil company Aker BP and construction firm Aibel on Thursday held the first steel cutting ceremony for the Munin platform in Thailand, being built for the Yggdrasil development offshore Norway.Thai monks blessed the steel in a formal ceremony…
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…
The U.S. on Tuesday imposed a form of sanctions on Myanma Oil and Gas Enterprise (MOGE), the U.S. Treasury Department said, but stopped short of imposing full blocking sanctions on the ruling junta's main source of foreign revenue.The action…
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…
A McDermott-Petrovietnam Technical Services Corporation (PTSC) consortium has received a limited letter of award from Vietnam's Phu Quoc Petroleum Operating Company for engineering, procurement, construction, installation (EPCI), and hook-up and commissioning (HUC) services…
Italy's Eni could more than double its gas production in Indonesia thanks to the development of a recent discovery and potential synergies with assets it already owns, a company executive said on Friday.Eni announced earlier this month a gas find at Geng North-1…
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'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…
The United Arab Emirates President of COP28 said on Monday he was aware countries had strong views about including language on fossil fuels and renewables in the negotiated text of the UN climate summit but that common ground must be found.'I…
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