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Pilot Energy and KNCC Partner to Store CO2 Offshore Australia

Jun 15, 2023

Australian oil and gas company Pilot Energy and Norway's Knutsen NYK Carbon Carriers (KNCC) have entered into a memorandum of understanding to collaborate on offering an integrated solution for marine transportation and offshore injection of CO2 at the Cliff Head CCS Project…

Will India's New Wind-energy Push Make Green Jobs Fly?

Jun 15, 2023

As a child, Nandha Kishore S.R. was fascinated by the wind turbine installed at a wind energy institute near his home in southern India and dreamt of one day operating such equipment.Years later, the engineering graduate trained at the same institute in Chennai and started working in the sector…

MOL Group Enters CTV Business with Charter Deal for Ishikari Bay New Port Wind Farm

Jun 15, 2023

Japan's Mitsui O.S.K. Line has concluded a time charter contract with Shimizu Corporation for two crew transfer vessels (CTV) for an offshore wind farm at Ishikari Bay New Port. 'This marks the MOL Group’s first entry into the CTV business. In addition…

Russia Resumes Oil Exports to North Korea After Long Pause

Jun 14, 2023

Russia resumed oil exports to North Korea in December, United Nations data shows, the first such shipments reported since 2020 as the two countries deepen ties and the United States flags the risk of arms supplies to Moscow.North Korea has been…

Singapore May Bunker Sales Hit over 5-year High as Vessel Arrivals Spike

Jun 14, 2023

-Monthly sales of marine fuel, also known as bunker fuel, hit over five-year highs at the world's largest refuelling hub Singapore in May as vessel arrivals spiked amid firm container throughput, official data showed on Wednesday.Singapore's…

Fire Extinguished on Tanker Bertherd at Jurong Port Tank Terminals

Jun 14, 2023

A tanker berthed at Jurong Port Tank Terminals (JPTT) caught fire on Tuesday, with smoke observed on the forward part of the tanker, Maritime and Port Authority of Singapore has informed.Singapore Civil Defence Force marine and land-based firefighting forces…

Indian Oil Firm Moves 36 Offshore Drilling Rigs Ahead of Monsoon Season

Jun 13, 2023

India’s Oil and Natural Gas Corporation (ONGC) has recently moved 36 offshore drilling rigs to new locations in advance of the monsoon season, with assistance from ABL.'ABL have assisted as tow master and marine warranty service (MWS) provider on the rig moves…

DNV, Institute of Energy Vietnam, and PTSC M&C Join Forces to Propel Vietnam's Offshore Wind

Jun 13, 2023

DNV, Institute of Energy Vietnam, and PTSC M&C have signed a memorandum of understanding to deliver one of Vietnam’s first offshore wind power assets.With the Government of Vietnam recently approving Power Development Plan 8, offshore wind power…

Singapore Fuel Oil Inventories On the Rise

Jun 09, 2023

Weekly residual fuel oil stocks at key trading hub Singapore climbed for a second consecutive week, after extending a downtrend through April and May, official data showed on Thursday.Onshore fuel oil stocks rose 3% to a five-week high of 19…

Malaysia's Sapura Energy Lands $303 Million in Contracts for Offshore Projects

Jun 08, 2023

Malaysia's Sapura Energy said Thursday it had, between December 2022 and May 2023, secured ten contracts worth around 1.4 billion Malaysian ringgit (currently around $303 million) across the Asia Pacific and Atlantic regions.The contracts were secured across its Engineering and Construction (E&C)…

ADNOC L&S to Build $975M Artificial Island for Lower Zakum Offshore Field

Jun 08, 2023

ADNOC Offshore has awarded ADNOC Logistics and Services a $975-million contract to build an artificial island for an offshore oil field project in Abu Dhabi.According to ADNOC L&S, at least 75% of the total contract value for dredging, land…

First Gas from Gorgon Stage Two Development

Jun 07, 2023

Chevron Australia and the Gorgon Joint Venture Participants have announced the production of first gas from the Gorgon Stage Two development off the northwest coast of Western Australia.The development expands the existing subsea gas gathering network of the Gorgon Project…

Kazakhstan to Press Ahead with $16.5B Claim Against Oil Majors

Jun 06, 2023

Kazakhstan is pressing ahead with $16.5 billion in claims against international oil majors over disputed project costs and has no plans for a possible out-of-court settlement, Energy Minister Almasadam Satkaliyev said on Tuesday.The legal wrangling…

Saudi Output Cut Unlikely to Lift Oil Prices to High $80s-low $90s, Citi Says

Jun 06, 2023

Top crude exporter Saudi Arabia's one million barrel per day (bpd) oil output cut is unlikely to underpin a 'sustainable price increase' into the high $80s-low $90s with weak fundamentals pointing to lower prices by year-end, Citi analysts said in a note on Tuesday…

CGG's Sercel Sells 6000 Seabed Nodes to Sinopec

Jun 06, 2023

French seismic data firm CGG said Tuesday that its subsidiary Sercel had made a major sale of its GPR300 seabed nodal solution to Sinopec, the Chinese oil and gas exploration, refining, and distribution company. Over 6,000 nodes will be deployed…

Current News

Asian Buyers Rush for Russian Oil Amid Supply Disruption

Asian Buyers Rush for Russian Oil Amid Supply Disruption

Mubadala Energy Secures Southwest Andaman Exploration Block off Indonesia

Mubadala Energy Secures Southwest Andaman Exploration Block off Indonesia

Strohm to Supply Insulated TCP Jumpers for Malaysia’s Offshore Project

Strohm to Supply Insulated TCP Jumpers for Malaysia’s Offshore Project

Arabian Drilling Flags Temporary Offshore Rig Suspensions in Persian Gulf

Arabian Drilling Flags Temporary Offshore Rig Suspensions in Persian Gulf

Iran War Sends LNG Prices Soaring, Curbing Asia Demand

Iran War Sends LNG Prices Soaring, Curbing Asia Demand

Rising Costs of War: Gulf Energy Infrastructure Stares Down $25B Repair Bill

Rising Costs of War: Gulf Energy Infrastructure Stares Down $25B Repair Bill

ADES Expects Up to 44% Earnings Rise Despite Regional Tensions Impacting Rigs

ADES Expects Up to 44% Earnings Rise Despite Regional Tensions Impacting Rigs

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