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Heerema, Shimizu in Offshore Wind Pact in Japan

Sep 02, 2021

Japan-based Shimizu Corporation has signed an offshore wind partnership agreement with the Dutch offshore installation giant Heerema Marine Contractors.The cooperation, targeting the Japanese offshore wind market, is primarily focused on installing turbine foundations…

Carnarvon Hires Valaris Jack-Up Rig for Buffalo Well in Timor Sea

Sep 02, 2021

Australian oil and gas company Carnarvon Petroleum has hired Valaris JU-107 jack-up drilling rig to drill the Buffalo-10 well in the Timor Sea.'The drilling operations are expected to commence once the rig has completed its current operations…

TAQA Looking to Sell Oil & Gas Business

Sep 01, 2021

TAQA, a UAE-based oil company with assets in the UK North Sea, said Wednesday it had initiated a strategic review of its oil and gas operations,   including the possibility of selling some or all of them.'The review will assess strategic options…

Indonesia: SKK Migas Approves Plans for Ubadari Gas Field and Vorwata CCUS Project

Aug 31, 2021

Indonesian oil and gas regulator SKK Migas has approved the Plan of Development (POD) for the Ubadari gas field and Vorwata Carbon Capture Utilization and Storage (CCUS) project, as the next stage of development at the Tangguh LNG project in Papua Barat…

MAN Energy Solutions' Subsea Compressors for Chevron's Jansz-Io Project in Australia

Aug 31, 2021

Norwegian firm Aker Solutions has awarded MAN Energy Solutions the contract to supply subsea compressor units for Chevron's Jansz-Io Compression (J-IC) Project offshore Western Australia.The Jansz-Io field was first discovered in April 2000 and is a part of the Gorgon project…

In a First, ADNOC Awards Offshore Block 5 Rights to Four Pakistani Companies

Aug 31, 2021

A consortium of four Pakistani companies led by Pakistan Petroleum Limited (PPL), has won an exploration concession award for Offshore Block 5 in Abu Dhabi, marking the first time Pakistani companies will invest in and explore for oil and gas in an Abu Dhabi concession…

Australia: New Law to Make Former Oil Field Owners Pay for Decom Works if Needed

Aug 30, 2021

Australia’s parliament last week passed legislation under which the government will be able to make offshore license owners pay for decommissioning and environmental remediation if they sell their offshore blocks and the new owner is then unable to meet its financial obligations…

CNOOC Launches China's First Offshore Carbon Capture & Storage Project

Aug 30, 2021

China's top offshore oil and gas producer, CNOOC, has launched the country's first offshore carbon capture and storage (CCS) project in South China Sea, which is expected to store more than 1.46 million tonnes of carbon dioxide.As one of the…

Rex Gets Hold of Two Small Oil Fields Offshore Malaysia

Aug 30, 2021

Oil and gas companies Rex International and Duta Marine have been awarded rights to operate the Rhu-Ara and Diwangsa clusters offshore Malaysia.  Petronas signed the two Small Field Asset (SFA) Production Sharing Contracts with the two companies…

Malaysia: Shell to Develop Timi Field with Solar, Wind-powered Platform

Aug 30, 2021

Shell's Malaysian subsidiary Sarawak Shell Berhad has made a final investment decision (FID) on the Timi gas development, offshore Sarawak, in Malaysia. The Timi development will feature Shell Sarawak Berhad's first wellhead platform in Malaysia…

Petronas Swings to 2Q Profit. CEO Says Oil Market Recovery 'Fragile'

Aug 27, 2021

Malaysian state energy giant Petronas announced a flip to a second-quarter profit on Friday on the back of a recovery in prices and demand, but said it will be a 'long, drawn out process' before the industry returns to pre-pandemic levels.Petronas…

Fujairah Oil Terminal Invests in VLCC project. Expects Surge in Oil Trade

Aug 27, 2021

The Fujairah Oil Terminal is investing an estimated $45 million to upgrade the infrastructure at its storage facilities, betting on a surge in crude trading and storage demand at the United Arab Emirates oil hub, the company's chairman told Reuters…

Cambodia's Oil Export Ambitions Sink with "Stolen" Tanker Standoff

Aug 27, 2021

When Cambodian officials commemorated the start of the country's first oil project in June by preserving the first drops of production at a high-profile ceremony, they heralded the country's emergence as a budding oil exporter at the heart of Asia…

Cambodia Seeks Return of Ship Carrying Country's First Oil Output

Aug 26, 2021

The Cambodian government is seeking the return of an oil tanker and its crew who have been detained in Indonesia, alleging that the ship had loaded oil illegally from an offshore oil field, a government official said on Thursday.The Bahamas…

ADES to Buy Four Noble Corp. Jack-up Rigs with Saudi Aramco Contracts

Aug 26, 2021

Offshore drilling firm Noble Corporation will sell four jack-up drilling rigs to drilling company ADES for $292 million. Noble Corp, which recently acquired Pacific Drilling, expects to generate around $285 million in cash from the ADES transaction net of fees…

Current News

Drilling Contract Terminated for Sunken Jack-up Rig in Malaysia

Drilling Contract Terminated for Sunken Jack-up Rig in Malaysia

Investors Managing $10 Trillion Set Tough Climate Blueprint for Big Oil

Investors Managing $10 Trillion Set Tough Climate Blueprint for Big Oil

Malaysia's Kimanis Oil Exports Hit by Issue at Shell Offshore Field

Malaysia's Kimanis Oil Exports Hit by Issue at Shell Offshore Field

Saudi Aramco, McDermott Sign MoU for Use of SAFIRA Yard

Saudi Aramco, McDermott Sign MoU for Use of SAFIRA Yard

Chevron to Triple Low-carbon Investments

Chevron to Triple Low-carbon Investments

Iranian Tanker Seen in Syria Discharging Gasoil for Lebanon

Iranian Tanker Seen in Syria Discharging Gasoil for Lebanon

Japan to Open Bidding for Akita Area Offshore Wind Farm

Japan to Open Bidding for Akita Area Offshore Wind Farm

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