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Solar, Wind Uptake to Reach 5.4 TWac from 2024 to 2033, Says Wood Mackenzie

Jul 08, 2024

Global solar deployment to add 3.8 TWac of new project capacity by 2033 compared to 1.6 TW of wind power, while 640% growth is forecast for energy storageFrom 2024 to 2033, developers will bring more than 5.4 terawatts (TWac) of new solar and wind capacity online…

OPEC Oil Output Rises in June

Jul 02, 2024

OPEC oil output rose in June for a second consecutive month, a Reuters survey found on Tuesday, as higher supply from Nigeria and Iran offset the impact of voluntary supply cuts by other members and the wider OPEC+ alliance.The Organization of the Petroleum Exporting Countries pumped 26…

Petronas Hires ABL for Rig Inspection Services in Indonesia

Jul 02, 2024

Indonesian branch of Malaysian national oil company Petronas has awarded energy and marine consultancy ABL a contract to provide rig inspection services to its assets operating offshore Indonesia.The contract is valid for one year, with an optional one-year period extension…

Blackford Dolphin Sets Sail for Drilling Ops with Oil India

Jul 02, 2024

Oslo-listed offshore drilling firm Dolphin Drilling has informed that its Blackford Dolphin semi-submersible drilling rig is on transit to India to start the contract with Oil India, following the termination of contract with General Hydrocarbons Limited (GHL) in Nigeria due to payment issues…

MODEC and Terra Drone Join Forces for FPSO Drone Inspections

Jul 01, 2024

MODEC and Terra Drone Corporation have entered into a joint research and development agreement to enhance inspection drones for floating production, storage and offloading (FPSO) vessels.The agreement follows the memorandum of understanding signed by the companies in November 2023…

L&T Nets Pipeline Order from ONGC Worth Up to $300M

Jul 01, 2024

Indian multinational conglomerate Larsen & Toubro (L&T) has secured an order from India’s Oil & Natural Gas Corporation (ONGC) for the eight phase of Pipeline Replacement Project (PRP-VIII Group B) off India's west coast, worth up to $300 million…

Malaysia's Sabah State to Develop Oil, Gas Facilities with Gibson Shipbrokers

Jul 01, 2024

London-based Gibson Shipbrokers and Malaysian state-owned Sabah Oil & Gas Development Corporation (SOGDC) have signed an agreement to develop oil and gas facilities in the Southeast Asian nation's Sabah state.The oil and gas facilities will…

New State Body Set Up in China for Deep Oil and Gas Reserves Drilling

Jul 01, 2024

China is setting up a new entity that groups national oil producers and other state firms to search for ultra-deep oil and gas reserves and tackle harder-to-extract non-conventional resources, state energy group CNPC said on Monday.This is in…

China Brings Online First Onshore Powered Offshore Oil Field

Jul 01, 2024

China’s state-run China National Offshore Oil Corporation (CNOOC) has brought onstream the first oil field in China that features low-carbon design and receives power from the shore for its operations in South China Sea.Located in Beibu Gulf of the South China Sea…

Preparing for Floating Wind – Leveraging the Oil & Gas Supply Chain

Jun 28, 2024

Examining similarities and differences between the deepwater oil & gas and the emerging floating wind segment.There has been much excitement around the potential for the offshore wind industry to access deeper water sites through the deployment of floating wind technology…

Valeura Stops Wassana Field Production in Gulf of Thailand

Jun 27, 2024

Canada-based oil and gas company Valeura Energy has suspended production at its fully-owned Wassana field, offshore Thailand, due to the damage on mobile offshore production unit (MOPU) identified during routine inspection.During a scheduled…

China’s CNOOC Starts Production at South China Sea Oil Field

Jun 27, 2024

China’s state-run China National Offshore Oil Corporation (CNOOC) has started production at its Enping 21-4 oilfield development project, located in eastern South China Sea.The field, located at a site with an average water depth of approximately 89 meters…

Does an OSV Newbuild Boom Loom?

Jun 26, 2024

The market for offshore support vessels has experienced tremendous development in the last couple of years. And while we expect the market to continue its positive journey, we would argue that, at least on an overall basis, the market has already recovered to healthy levels at the time of writing…

Japan's Industry Minister to Visit Key Offshore Wind Site

Jun 25, 2024

Japanese Industry Minister Ken Saito will visit Akita in northern Japan on Saturday to discuss the development of offshore wind power with industry and government officials, the ministry said on Tuesday.The move aligns with Japan's increased efforts to boost the deployment of renewable energy…

Saudi Aramco Jackup Suspensions: The Story So Far…

Jun 25, 2024

Saudi Aramco’s ambitious post-Covid jackup fleet expansion program, in which the operator looked to increase its fleet size from approximately 49 jackups in June 2022 to 90 in just two years, seemed a daring feat. But fast forward to March 2024…

Current News

China’s CNOOC Hits ‘High Yield’ Well in in Beibu Gulf

China’s CNOOC Hits ‘High Yield’ Well in in Beibu Gulf

South Korea's KOMIPO Cancels Plans for LNG Import Terminal

South Korea's KOMIPO Cancels Plans for LNG Import Terminal

ExxonMobil to Transfer Operations of Two Malaysian PSC Assets to Petronas

ExxonMobil to Transfer Operations of Two Malaysian PSC Assets to Petronas

Chinese Wind Turbine-makers Move into Europe as Trade Tensions Flare

Chinese Wind Turbine-makers Move into Europe as Trade Tensions Flare

ExxonMobil Selling Malaysia Oil and Gas Assets to Petronas

ExxonMobil Selling Malaysia Oil and Gas Assets to Petronas

FPSO Bacalhau Becomes World’s First Newbuild with DNV Emissions Abatement Notation

FPSO Bacalhau Becomes World’s First Newbuild with DNV Emissions Abatement Notation

South Korea's SK Innovation Agrees Merger with SK E&S as Part of Overhaul

South Korea's SK Innovation Agrees Merger with SK E&S as Part of Overhaul

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