Italian energy industry engineering and construction firm Saipem has signed a Memorandum of Understanding (MoU) with the Saudi oil giant Saudi Aramco to explore the possibility of forming a new entity for engineering and construction activities…
Marine seismic data acquisition firm Shearwater GeoServices has won a contract in South East Asia.The company said the deal, with an unnamed client, was for a 3D survey project.The project, starting in early October 2021, will be conducted by the 107 meters long SW Duchess vessel…
A third tanker has sailed from Iran carrying Iranian fuel for distribution in Lebanon, TankerTrackers.com reported on Twitter on Sunday.Lebanese Prime Minister Najib Mikati said on Friday the Iranian fuel shipments, imported by the Hezbollah movement…
Deep in the Oman desert lies one of BP's more lucrative projects, a mass of steel pipes and cooling towers that showcases the British energy giant's pioneering natural gas extraction technology.The facility earned BP Plc more than $650 million in profits in 2019…
Offshore drilling firm Japan Drilling Company said last week that its jack-up drilling rig Hakuryu-11 had reached a safety milestone.Namely, the rig has managed to achieve a three-year milestone of No Recordable Incident Record - for the September 14…
Taiwan-based offshore engineering company High Tien Offshore Engineering has said it will invest into and own the first Taiwanese large Cable Laying Vessel (CLV) to support Taiwan's growing offshore wind ambitions.The company said that the vessel…
Malaysian offshore services firm Handal Energy has recently secured a contract from Tanjung Offshore Services for the provision of portable crane equipment and services package.Handal said Friday that it had reached a contract agreement with TOS April 27…
Jack-up drilling rig contractor Shelf Drilling has secured a three-year drilling contract with India's ONGC for the Parameswara jack-up rig.The contract is for operation in the Mumbai High area, offshore India's west coast. The planned start-up of operations is Q1 2022…
Malaysian offshore drilling contractor Velesto has confirmed that the $8 million contract with ConocoPhillips for its Naga 7 jack-up rig that sank off Malaysia in May is now officially terminated.Naga 7 sank on May 3, while gearing up to start drilling for ConocoPhillips off Malaysia…
Investors managing more than $10 trillion on Wednesday published an ambitious blueprint for energy companies seeking to tackle climate change, including sharp cuts to greenhouse gas emissions and a winding down of oil and gas production.The…
Exports of Malaysia's flagship crude oil Kimanis will fall in October and November after a production issue at an offshore oilfield operated by Royal Dutch Shell, three sources with knowledge of the matter said.Petroleum Brunei, one of the stakeholders…
Saudi Arabia's national oil company Saudi Aramco has signed a memorandum of understanding with energy industry construction and installation firm McDermott to explore the use of McDermott's SAFIRA fabrication yard for construction services for Saudi Aramco's upstream and downstream projects…
U.S. oil producer Chevron Corp on Tuesday pledged to triple to $10 billion its investments in low-carbon fuel and projects through 2028 amid pressure to boost clean-energy markets.Oil producers globally have stepped up plans to transition to a less carbon intensive production…
TankerTrackers.com has visual confirmation that an Iranian tanker is discharging gasoil in Syria's Baniyas port which is destined for neighboring Lebanon, the online oil shipment tracking service said on Tuesday.'Unable to deliver directly by sea to Lebanon due to sanctions…
Japan's industry ministry will open bidding for an area off Akita, northern Japan, for the development of an offshore wind farm while designating four 'promising areas' and identifying 10 as potentially suitable for development, it said in a statement…
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