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McDermott Secures 'Large' Offshore Project Contract in India

Nov 07, 2023

Offshore transportation and installation contractor McDermott said Tuesday it had won a 'large' transportation and installation contract with India's Oil and Natural Gas Corporation (ONGC) for the KG-DWN-98/2 development project, located off the east coast of India…

Bangladesh Gov't Gives Nod for Country's First Offshore Wind Project, Summit Says

Nov 07, 2023

Denmark's green investment proposal valued at USD 1.3 billion for developing the country's first 500 MW utility-scale offshore wind energy project has received approval in principle from the Bangladesh government to carry out a detailed feasibility…

China Refiners Cut Oil Output as Thin Margins, Quota Shortage Bite

Nov 06, 2023

China's oil refinery utilization rates are easing from record third-quarter levels as thinning margins and a shortage of export quotas discourage plants from raising output for the rest of 2023, according to traders and industry consultancies…

ABL to Provide Marine Warranty Survey Services for Malaysian Drilling Rig Firm

Nov 06, 2023

Energy and marine consultancy ABL said Monday it had won a contract with offshore drilling firm Velesto Drilling to provide marine warranty survey (MWS) services relating to the rig operator’s rig moves offshore Malaysia.ABL will also support Velesto Drilling with rig moves to adjacent countries…

Viking Supply Ships Takes Delivery of Andreas Viking AHTS

Nov 03, 2023

Swedish offshore vessel owner Viking Supply Ships has taken delivery of the Andreas Viking AHTS, previously known as the Far Senator.In March 2023, Viking Supply Ships said it would take two Ocean Yield-owned AHTS vessels, Far Senator and Normand Statesman…

Chevron Struggles to Exit Myanmar Gas Project After Nearly Two Years

Nov 03, 2023

Nearly two years after U.S. energy company Chevron condemned violence and human rights abuses in Myanmar and announced it would leave, the company said it still holds assets there, including a portion of an offshore gas field in a venture with the state energy company…

Murphy Oil Expects First Oil from Lac Da Vang Field in Vietnam in 2026

Nov 03, 2023

Murphy Oil Corp expects the first oil from the Lac Da Vang field in Block 15-1/05 in the Cuu Long Basin, offshore Vietnam, in 2026, the U.S. company said.The firm's board of directors have sanctioned the development of the project, where the company holds a 40% working interest…

First of a Kind Offshore Renewable Energy Hybrid Project Unveiled in China

Nov 03, 2023

The world's first offshore renewable energy project, combining floating wind power and deep-sea aquaculture, has been completed in China, Shanghai Electric Wind Power Group has informed.The project is developed by Longyuan Power Group, together…

Steel Cutting Ceremony Held in Thailand for Norway-bound Offshore Platform

Nov 02, 2023

Norwegian oil company Aker BP and construction firm Aibel on Thursday held the first steel cutting ceremony for the Munin platform in Thailand, being built for the Yggdrasil development offshore Norway.Thai monks blessed the steel in a formal ceremony…

Australia Court Halts Santos' Pipeline Works on $3.6B Barossa Gas Project

Nov 02, 2023

Santos said on Thursday an Australian court had granted an interim injunction preventing it from starting work on laying undersea pipelines on its $3.6 billion Barossa gas project off northern Australia.The ruling comes after Simon Munkara, a traditional land owner from the Tiwi Islands…

Solstad Offshore Sells Laid Up AHTS Vessel

Nov 01, 2023

Solstad Offshore's subsidiary, Solstad Rederi, has sold the Anchor Handling Tug Supply (AHTS) vessel Nor Spring.The 2008-built, 70-meter-long AHTS vessel has been in layup in Asia since 2020. 'Delivery of the vessel to the new owner took place today…

US Targets Myanmar's State Oil and Gas Enterprise with Form of Sanctions

Nov 01, 2023

The U.S. on Tuesday imposed a form of sanctions on Myanma Oil and Gas Enterprise (MOGE), the U.S. Treasury Department said, but stopped short of imposing full blocking sanctions on the ruling junta's main source of foreign revenue.The action…

GMS Boosts Backlog to $326.2 M With Fresh Contract Wins

Nov 01, 2023

Gulf Marine Services (GMS), a provider of jack-up support vessels for the global energy industry, has secured new contracts for its fleet.The company said that it had won two contract extensions for four years in total and one new contract for two years in the GCC (Gulf Cooperation Council) Region…

McDermott-PTSC Consortium Tapped for $1B Vietnam Offshore Gas Project

Oct 31, 2023

A McDermott-Petrovietnam Technical Services Corporation (PTSC) consortium has received a limited letter of award from Vietnam's Phu Quoc Petroleum Operating Company for engineering, procurement, construction, installation (EPCI), and hook-up and commissioning (HUC) services…

Eni Could more than Double Gas Production in Indonesia, Top Exec says

Oct 31, 2023

Italy's Eni could more than double its gas production in Indonesia thanks to the development of a recent discovery and potential synergies with assets it already owns, a company executive said on Friday.Eni announced earlier this month a gas find at Geng North-1…

Current News

Makin' a List ... Trump Prioritizes Energy Exploration, Production, Export

Makin' a List ... Trump Prioritizes Energy Exploration, Production, Export

Velesto Completes Removal of Wrecked Naga 7 Jack-Up Rig Off Malaysia

Velesto Completes Removal of Wrecked Naga 7 Jack-Up Rig Off Malaysia

BP Greenlights $7B CCUS Scheme Tied to Indonesia LNG Facility

BP Greenlights $7B CCUS Scheme Tied to Indonesia LNG Facility

Sapura Scoops Petrobras Contract for Pan-Malaysia Offshore Services

Sapura Scoops Petrobras Contract for Pan-Malaysia Offshore Services

Velesto’s Drilling Rigs Up for Automatization Overhaul Under New Tech Alliance

Velesto’s Drilling Rigs Up for Automatization Overhaul Under New Tech Alliance

US Firm Finds Chinese Partner to Deliver Mobile Offshore Drilling Units

US Firm Finds Chinese Partner to Deliver Mobile Offshore Drilling Units

TotalEnergies and Oil India to Jointly Tackle Methane Emissions Issues

TotalEnergies and Oil India to Jointly Tackle Methane Emissions Issues

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