China's imports of crude oil slipped as expected in October, but while a 12.2% drop appears significant, the actual state of demand was probably even weaker.The world's biggest crude importer received 42.56 million tonnes in October, according to customs data released on Nov…
Malaysian state-owned energy giant Petronas is expected to pay the resource-rich state of Sabah 1.25 billion ringgit ($303 million) in sales tax next year, state media said.Sabah Deputy Chief Minister Jeffrey Kitingan said Prime Minister Muhyiddin…
WIND, a shipping company providing specialized logistic services to the subsea cable industry, has opened a branch office in Taiwan, a growing offshore wind market.Patrick Schelvis, Area Manager Asia said: 'We are proud that our clients requested…
Malaysian oil giant Petronas has announced its plan to achieve net-zero carbon emissions by 2050.The company' President and Group Chief Executive Officer, Tengku Muhammad Taufik said: 'As the world contends with the many challenges brought about by energy transition…
Mainstream Renewable Power has signed a joint development agreement with Vietnamese company Advance Information Technologies Corporation (AIT), to co-develop a 500MW offshore wind project in Ben Tre province, Vietnam.The project received the requisite site survey license earlier this year…
Indonesian oil and gas company PT Pertamina Hulu Mahakam has awarded a 1.5-year contract to Japan Drilling Co. (JDC) for the use of the jack-up drilling rig 'HAKURYU-14'.PT Pertamina Hulu Mahakam will use the rig on the Mahakam Block, offshore IndonesiaApart from the firm 1…
Australian oil and gas company Santos has executed documentation to enter into a new US$750 million syndicated bank loan, to refinance existing debt facility established for the acquisition of ConocoPhillips’ northern Australian and Timor-Leste assets…
Offshore lifting hoists and chains solutions provider William Hackett has published an industry report aiming to help minimize the risk of Hydrogen Embrittlement (HE) and Stress Induced Corrosion Cracking (SICC). The report includes guidance on material choices used in topside and subsea lifts…
The Philippines has stopped accepting new proposals for coal-based power projects to encourage investment in other energy sources like natural gas and renewables, the government's energy chief said on Wednesday.The moratorium on endorsements…
Australian oil and gas company Santos gas signed a new gas sales agreement to supply natural gas to Western Australian energy solutions provider, Kleenheat.Kleenheat is part of Wesfarmers Chemical, Energy and Fertilisers (WesCEF), a group of businesses that will also utilize the gas…
Norwegian offshore vessel operator DOF Subsea has won a 2-year contract extension for its Skandi Africa subsea construction vessel.Skandi Africa is a subsea vessel designed for harsh environment and deepwater subsea construction and flexlay operations…
Malaysia's Hibiscus Petroleum completed the St Joseph minor sands infill and major sands redevelopment infill drilling campaign in its North Sabah PSC, Malaysia.The offshore drilling campaign involved the drilling and completion of four infill…
Oslo-listed seismic survey company SeaBird Exploration has said it has won a letter of award for a 2D survey in the Asia Pacific region. The Norwegian seismic data acquisition firm said the survey was expected to start in the first quarter of 2021…
Offshore rig builder Lamprell has won an engineering design services contract with Saudi Arabia's International Maritime Industries (IMI).Lamprell said the work would form an integral part of IMI's 2030 new build rig program; supporting the…
Japan's Mitsui OSK Lines Ltd (MOL) said on Monday it has signed a 30-year charter contract with the operator of the Arctic liquefied natural gas (LNG) 2 project, led by Novatek, for three ice-breaking carriers for the Russian project.The three…
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