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Gazprom Breaks Daily Record for Gas Supply to China

Jan 03, 2024

Russian energy giant Gazprom said on Wednesday it set a new daily record the previous day for gas supplies to China through the Power of Siberia pipeline.Gazprom did not provide a figure for the new daily record but said total gas exports to China via the pipeline amounted to 22…

Expro Marks Four Decades of Subsea Work

Jan 03, 2024

Expro (NYSE: XPRO) is celebrating 40 years of subsea sector leadership since launching its first subsea test tree system in the North Sea in 1983.From the creation of its first 10ksi subsea test tree assembly (SSTTA) for an exploration and appraisal…

DOF Secures $60M Contract for Work on Gas Field Offshore Philippines

Jan 02, 2024

Prime Energy has extended the contract for DOF’s multipurpose supply vessel (MPSV) Skandi Hawk for work on the Malampaya gas field offshore Philippines.The contract has been extended to the end of 2027, according to Norwegian vessel owner DOF…

West Azeri Platform Marks 1 Billion Barrels Milestone

Dec 29, 2023

West Azeri platform, located in the Caspian Sea at Azeri-Chirag-Gunashli (ACG) oil field, has achieved 1 billion barrels total production.The announcement was made by BP, which is the operator of ACG oil field, on behalf of its partners SOCAR…

Shell Restarts LNG Loadings from Prelude

Dec 28, 2023

Shell said on Thursday it has resumed loading liquefied natural gas (LNG) cargoes from its Prelude facility offshore Australia following major maintenance.The giant floating LNG production facility located some 475 km (300 miles) off the west…

Baron Oil Inks Farm-Up Deal for Timor-Leste Development

Dec 27, 2023

UK oil and gas company Baron Oil has signed a memorandum of understanding (MoU) with Timor Gap for the farm-up of 15% working interest in the Chuditch production sharing contract offshore Timor-Leste.Baron's wholly-owned subsidiary SundaGas Banda Unipessoal entered the MoU with Timor Gap…

Russian Arctic LNG 2 Project Hit by US sanctions

Dec 26, 2023

Japan's Mitsui and Co has decided to pull its employees out of Russia's Arctic LNG 2 liquefied natural gas (LNG) project, the Sankei newspaper reported on Tuesday, citing several sources, in yet another blow for the project.Fearing the backlash from the sanctions…

Foreign Shareholders Suspend Participation in Russia's Arctic LNG 2 Project

Dec 25, 2023

Foreign shareholders suspended participation in the Arctic LNG 2 project due to sanctions, renouncing their responsibilities for financing and for offtake contracts for the new Russian liquefied natural gas (LNG) plant, the daily Kommersant reported on Monday…

Equinor Divests All Remaining Oil Assets in Azerbaijan

Dec 22, 2023

Equinor and SOCAR (State Oil Company of Azerbaijan Republic) have signed an agreement by which the Norwegian energy industry giant will divest all its remaining assets in Azerbaijan to SOCAR.The assets comprise a 7.27% non-operated interest…

MOL Gets ClassNK Blessing for Ammonia FSRU Design

Dec 22, 2023

Mitsui O.S.K. Lines (MOL) has been awarded an approval in principle (AiP) by ClassNK for a design of Floating Storage and Regasification Unit (FSRU) for ammonia.The ammonia FSRU has been jointly developed by MOL and MHI Group’s Mitsubishi Shipbuilding…

Will 2024 be the Year of AHTS Recovery?

Dec 21, 2023

As 2023 is drawing to a close we would once again invite the readers of Offshore Engineer Magazine to gaze into our crystal ball to see what 2024 might have in store for the offshore support vessel industry. Before diving straight into our forward-looking sentiments however…

Valeura Energy Concludes Infill Drilling Campaign offshore Thailand

Dec 21, 2023

Valeura Energy has completed an infill drilling campaign at its Nong Yao oil field offshore Gulf of Thailand, where it holds a 90% operated working interest.The company has drilled four wells at the Nong Yao A wellhead processing platform, including…

Top 10 Things to Watch in Offshore Wind in '24

Dec 20, 2023

Despite short-term obstacles driven by high inflation and interest rates coupled with supply chain issues, we maintain that the foundations supporting long-term offshore wind activity remain solid. As we prepare for the new year, let us look…

Mubadala Energy Makes Major Gas Discovery Offshore Indonesia

Dec 19, 2023

Mubadala Energy has made a significant gas discovery from the Layaran-1 Exploration well, drilled in South Andaman, offshore North Sumatra in Indonesia.Mubadala Energy is the operator of the South Andaman Gross Split PSC and this is the first deep water well operated by the company…

DOF Set to Bring in $30M From Two New Projects

Dec 19, 2023

Norwegian offshore vessel operator DOF Group has secured two new projects – one in the North Sea and the other in Asia Pacific region – whose combined revenue is expected to bring in $30 million to the company. The first contract for DOF covers engineering…

Current News

Petronas Greenlights Hidayah Field Development Off Indonesia

Petronas Greenlights Hidayah Field Development Off Indonesia

Abu Dhabi's NMDC Group Gets $1.1B Subsea Gas Pipeline Job in Taiwan

Abu Dhabi's NMDC Group Gets $1.1B Subsea Gas Pipeline Job in Taiwan

BP Targets 44% Oil, 89% Gas Increase from India’s Mumbai High Field

BP Targets 44% Oil, 89% Gas Increase from India’s Mumbai High Field

US Operator Finds Oil Offshore Vietnam

US Operator Finds Oil Offshore Vietnam

BP to Help Boost Oil and Gas Output at India’s Largest Producing Field

BP to Help Boost Oil and Gas Output at India’s Largest Producing Field

Europe's Gas Uncertainty Help Drive Asian LNG Spot Prices Higher

Europe's Gas Uncertainty Help Drive Asian LNG Spot Prices Higher

CNOOC’s South China Sea Oil Field Goes On Stream

CNOOC’s South China Sea Oil Field Goes On Stream

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Floating Wind: Opportunities in a Vibrant, Evolving Offshore Sector
Financial Times - Jan 14
US futures stable, Japan slides in worried wait for US CPI
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