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Akastor’s Subsidiary Wins $101M Case Against Seatrium's Jurong Shipyard

Apr 18, 2024

MHWirth, a subsidiary of Norwegian oil services investment firm Akastor, has received an arbitration award issued by a tribunal in a dispute with Seatrium’s subsidiary Jurong Shipyard over the termination of four drilling rig unit contracts…

ONGC Hires Consortium to Deliver FEED Work for Bay of Bengal Oil Field

Apr 17, 2024

India’s Oil and Natural Gas Corporation (ONGC) has awarded pre-FEED/FEED contract for Cluster-1 Development, located in Krishna Godavari (KG) Basin in the Bay of Bengal to Nauvata Energy Transition (NET Enterprise) and PERC Engineering.The contract encompasses concept study…

BP Starts Oil Production at Major New Platform Offshore Azerbaijan

Apr 17, 2024

BP, as the operator of the Azeri-Chirag-Gunashli (ACG) project, has started oil production from the new Azeri Central East (ACE) platform as part of the ACG field development in the Azerbaijan sector of the Caspian Sea.The ACE platform is the…

Woodside and Partners Appoint Wood for Greater Sunrise Gas Concept Study

Apr 17, 2024

Following a global contract procurement process, the Sunrise joint venture partners including Timor Gap, Woodside Energy and Osaka Gas Australia, have appointed Wood Australia on a Greater Sunrise concept study.The study will be led by Wood…

Valeura Makes Three New Oil Discoveries in Gulf of Thailand

Apr 15, 2024

Canada-based oil and gas company Valeura Energy has made three oil discoveries as part of the exploration campaign in the Gulf of Thailand - one in the Nong Yao D area, and two in the north-east portion of the Wassana concession.The Nong Yao-13 well…

EU to Investigate Chinese Wind Turbine Suppliers

Apr 10, 2024

The EU will investigate subsidies received by Chinese suppliers of wind turbines destined for Europe, in the bloc's latest move to shield domestic firms from cheap clean tech products.The European Commission will look into conditions for the development of wind parks in Spain…

Borr Drilling Nets Close to $160M in Fresh Contracts for Three Jack-Ups

Apr 09, 2024

Offshore drilling contractor Borr Drilling has secured work for three of its premium jack-up rigs, bringing in $158.6 million to the company.The new contracts are for the Prospector 1, Gunnlod, and a rig to be determined.  The commitments total 820 days and $158…

Papua LNG Project Requires 'More Work' to Reach FID, TotalEnergy Says

Apr 08, 2024

French oil and gas giant TotalEnergies on Monday said a planned new liquefied natural gas (LNG) project in Papua New Guinea would require 'more work' before a final investment decision could be reached.TotalEnergies said its Chief Executive…

MOL Puts FSRU for Indonesia's Jawa 1 LNG Power Plant Into Operation

Apr 05, 2024

Mitsui O.S.K. Lines (MOL) has started commercial operation of the floating storage and regasification unit (FSRU) Jawa Satu for the Jawa 1 LNG-fired power plant in Indonesia.MOL owns the FSRU through PT Jawa Satu Regas (JSR), jointly established by PT Pertamina (Persero)…

Yinson Holds Naming Ceremony for Brazil-Bound ‘Greener’ FPSO

Apr 05, 2024

Yinson Production has held the naming ceremony for FPSO Maria Quitéria which will deployed in at Petrobras’ Jubarte field offshore Brazil.The naming ceremony for the FPSO Maria Quitéria was held at Cosco Shipping Heavy Industry (Shanghai) Shipyard in China on April 3…

Sapura Energy to Provide Subsea Services for Shell Off Malaysia

Apr 04, 2024

Malaysia-based offshore services firm Sapura Energy, through its wholly-owned subsidiary Sapura Subsea Services, has secured a contract to provide subsea services for Shell’s Malaysian subsidiaries Sarawak Shell Berhad and Sabah Shell Petroleum…

Seatrium Scoops $259M Worth of Repairs and Upgrades Work

Apr 04, 2024

Singapore-based Seatrium has secured a series of major contracts for vessel repairs, upgrades and conversions, set for completion by the end of 2025.With an aggregate value of S$350 million ($259 million), the contracts have reinforced Seatrium’s…

Dyna-Mac Secures $664M Backlog with New Contracts

Apr 03, 2024

Singapore-based oil and gas module construction company Dyna-Mac has increasing order book to a record $664 million, with the main new contract related to the construction of process modules for an unnamed client.The several contracts Dyna-Mac…

Oil Spill Spotted Near Kazakh Oil Field in Caspian Sea

Apr 02, 2024

An ecological organization in Kazakhstan said on Tuesday that a large oil spill had been captured by satellite imagery in the northern Caspian Sea near Kazakhstan's giant Kashagan oil field.Galina Chernova of the Globus environmental organization posted on Facebook that a slick of around 7 sq km (2…

Japan’s Mitsubishi Invests in EIG’s LNG Unit MidOcean Energy

Apr 02, 2024

MidOcean Energy, a global liquefied natural gas (LNG) company formed and managed by EIG, has secured a strategic investment from Mitsubishi Corporation, set to accelerate its strategy to create a global ‘pure play’ integrated LNG company.The…

Current News

Yinson Production Refinances FPSO Anna Nery Through $1B Bond Placement

Yinson Production Refinances FPSO Anna Nery Through $1B Bond Placement

ABL Helps Shelter 45 ONGC Rigs Ahead of Storm

ABL Helps Shelter 45 ONGC Rigs Ahead of Storm

Hess Shareholders Sign Off On $53 Billion Sale to Chevron

Hess Shareholders Sign Off On $53 Billion Sale to Chevron

Oil and Gas Firm Santos Taps Japan's Hokkaido Gas for LNG Supply

Oil and Gas Firm Santos Taps Japan's Hokkaido Gas for LNG Supply

Valeura Starts New Drilling Campaign at Nong Yao Offshore Thailand

Valeura Starts New Drilling Campaign at Nong Yao Offshore Thailand

China’s CNOOC Acquires Five Offshore Blocks in Mozambique

China’s CNOOC Acquires Five Offshore Blocks in Mozambique

Russia Planning New Sea Terminal for LPG Exports to Asia

Russia Planning New Sea Terminal for LPG Exports to Asia

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