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Maritime News - page 16

 

CNOOC’s Oil Field in Bohai Sea Starts Production

Feb 05, 2024

China's state-run offshore oil and gas explorer and producer CNOOC has started production from its Suizhong 36-1/Luda 5-2 discovery, located in Liaodong Bay of Bohai Sea.The main production facilities include two new central processing platforms and two new wellhead platforms…

T7 Global's MOPU Set for Work at Valeura’s Gulf of Thailand Field

Feb 02, 2024

Malaysian energy industry services provider T7 Global has unveiled the newly-converted mobile offshore production unit (MOPU) which is scheduled to start working at Valeura Energy's Nong Yao C development offshore Thailand.The MOPU has been…

TotalEnergies Picks Up OMV’s Upstream Gas Assets in Malaysia

Feb 01, 2024

French energy major TotalEnergies has has signed an agreement with Austria’s OMV to acquire its 50% interest in Malaysian independent gas producer and operator SapuraOMV Upstream for $903 million.The transaction includeds the transfer of a $350 million loan granted by OMV to SapuraOMV…

Nebula Energy Acquires Majority Stake in AG&P LNG for $300M

Jan 31, 2024

Nebula Energy, a U.S.-based asset management company focused on liquefied natural gas (LNG), has acquired majority stake in AG&P LNG for $300 million.With operational headquarters in the UAE, AG&P LNG will now operate as an independent subsidiary of Nebula Energy with key offices in UAE…

QatarEnergy Signs 15-year LNG Supply Deal with Excelerate Energy

Jan 29, 2024

QatarEnergy and Excelerate Energy have signed a long-term liquefied natural gas (LNG) sale and purchase agreement (SPA) for the supply of LNG from Qatar to Bangladesh.Pursuant to the SPA, Excelerate will purchase up to 1 million tons per annum…

Jadestone Outlines Gas Sale Terms with PV Gas for Fields Offshore Vietnam

Jan 26, 2024

Asia-focused oil and gas company Jadestone Energy has signed a heads of agreement with PetroVietnam Gas Joint Stock Corporation (PV Gas) for the gas sales and purchase agreement (GSPA) relating to the Nam Du and U Minh gas fields offshore Vietnam…

Seatrium Starts Fabrication of Shell's Sparta FPU

Jan 25, 2024

Seatrium has started the steel fabrication for Sparta semi-submersible floating production unit (FPU), which is the Singapore-based company’s third FPU to be built for its long-standing customer Shell.The steel cutting ceremony marks the beginning…

Aibel-Built Modules for Bacalhau FPSO Set Sail for Singapore

Jan 24, 2024

The topside modules for the giant Bacalhau floating production storage and offloading (FPSO) unit have started the journey to Singapore where they will be integrated with the hull before heading for an assignment to Equinor-operated oil project offshore Brazil…

BP Launches Its ‘Largest-Ever’ Seismic Program at Azerbaijan Oil Field

Jan 24, 2024

BP has started a new four-dimensional (4D) high-definition ocean bottom node seismic program on its Azeri-Chirag-Deepwater Gunashli (ACG) oil field in the Caspian Sea, offshore Azerbaijan.This is the largest-ever seismic acquisition commitment made by BP globally by all its aspects – area size…

Petronas Awards Seven New PSCs for Six Offshore Blocks in Malaysia

Jan 23, 2024

Malaysia’s Petronas has awarded Production Sharing Contracts (PSCs) for six exploration blocks and one Discovered Resource Opportunities (DRO) cluster under the Malaysia Bid Round 2023.The awards are expected to garner more than $275 million (RM 1…

WoodMac: Asian LNG Demand Could Rise 5% in 2024

Jan 18, 2024

Asian liquefied natural gas (LNG) demand is projected to increase by 5% at 12 million tons (Mt) in 2024, following a 2% at 5 Mt growth in 2023, according to the most recent report by Wood Mackenzie.China, the world’s largest LNG import market…

Valeura Gears Up for Busy Year in Gulf of Thailand

Jan 18, 2024

Canada-based oil and gas company Valeura Energy has announced plans to invest around $8 million in 2024 for new exploration within its Gulf of Thailand licenses, with opportunities identified in Wassana North, Nong Yao D, and the Ratree Prospect…

McDermott Scoops Contract for CCS Project Offshore Malaysia

Jan 16, 2024

Offshore engineering and construction firm McDermott has been awarded a contract from Malaysia Marine and Heavy Engineering (MMHE) for the Kasawari Carbon Capture and Storage (CCS) project, located offshore Sarawak in East Malaysia.Under the scope of the contract…

Samsung Heavy Industries Gets $1.5B FLNG Order

Jan 05, 2024

Samsung Heavy Industries (SHI) has secured an engineering, procurement and construction (EPC) contract for a new floating LNG production unit worth $1.5 billion.SHI formed a consortium with Black & Veatch for the delivery of the new FLNG unit…

Harbour Energy Starts Drilling Gayo-1 Well Off Indonesia

Jan 04, 2024

Oil and gas company Harbour Energy has started drilling the Gayo-1 exploration well in the Andaman II block, offshore Indonesia.Drilling started on December 31, 2023, using West Capella ultra-deepwater drillship.According to SKK Migas, Indonesia’s government regulator…

Current News

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The Five Trends Driving Offshore Oil & Gas in 2025

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China’s CNOOC Brings Bohai Sea Oil Field On Stream

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Floating LNG Conversion Job Slips Out of Seatrium’s Hands

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Transocean’s Drillship to Stay in India Under New $111M Deal

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