Malaysia's state energy firm Petronas on Thursday paid over $700 million in sales tax to the energy-rich state of Sarawak, in a settlement that could open the way to more such payments to state governments.The payment comes just two weeks after…
Inpex Corp said on Friday it expects to shed jobs at its Ichthys liquefied natural gas (LNG) project in Australia due to the slump in oil prices, but did not say how many would go.The cuts by Japan's biggest oil and gas company mark the latest…
Norwegian offshore and shipping firm GC Rieber Shipping has secured a two-year contract extension for the icebreaker Polar Pevek with Exxon Neftegas at the Russian Far East.The vessel is operating off Sakhalin Island, in far-east Russia. It…
OPEC and allies, led by Russia, are scheduled to hold an online meeting on Thursday to discuss compliance with their agreed output cuts and demand trends amid falling oil prices and a faltering economic recovery outlook.The key OPEC+ panel will…
The supervisor of Singaporean shipping group Xihe Holdings Pte Ltd has put seven oil tankers controlled by the company up for sale as part of efforts to recoup funds owed to creditors, three sources said on Wednesday. Xihe Holdings is part of the Lim family business empire…
Singapore-based oil and gas module builder Dyna-Mac has entered into a memorandum of understanding with Keppel Shipyard, a subsidiary of rig builder Keppel Offshore & Marine.Under the agreement, the two companies will explore potential business…
Iberdrola has bought Japan-based renewables developer Acacia and signed a joint venture deal with Macquarie's Green Investment Group to develop an offshore wind farm portfolio, the Spanish energy company said on Thursday.Iberdrola and its new…
If 2020 had been anything close to a normal year, the oil and gas industry would have just wrapped up its annual gathering in Singapore, most likely reassured of its ongoing essential role in humanity's future.But this is far from a normal year…
The number of ships fueled by liquefied natural gas (LNG) is expected to more than double by 2030, driven by the shipping industry's desire to cut emissions, a senior executive at Malaysia's Petroliam Nasional Bhd (Petronas) said on Wednesday…
An Indian court has issued a second arrest warrant for a marine refueling tanker owned by troubled UAE oil trader GP Global after it failed to make payments to its ship manager, court documents showed.On Sept. 10, the High Court of the western Indian state of Gujrat granted the vessel manager's…
Norwegian offshore vessel owner Siem Offshore has secured contract extensions for three of its vessels in Australia.The company said Wednesday that the extensions were for three large AHTS vessels.'The extension will secure work until October…
Chinese offshore oil company CNOOC has said that its first offshore wind project has started producing electricity. The company said Tuesday that its offshore wind power project had connected to the grid and begun to generate power. The 300MW…
Greek oil tanker operator Okeanis Eco Tankers has taken delivery of the Suezmax tanker “Nissos Sikinos” today.The tanker was delivered from Hyundai Samho Heavy Industries in South Korea and is the first of the two Suezmaxes that will be delivered to the company by the end of September…
Undaunted by hefty writedowns on its Australian gas assets, Royal Dutch Shell sees its liquefied natural gas business and 'new energy' acquisitions Down Under as core to its long term plans, the Australian unit's chairman said on Tuesday.As…
Thai subsea services company Mermaid Maritime has decided to sell its stake in Asia Offshore Drilling, a drilling joint venture with Seadrill, to limit its exposure to the volatile offshore drilling market.Mermaid, which owns a 33.76% in AOD…
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