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Land-starved Singapore Turns to Floating Solar

Apr 16, 2021

BANGKOK (Thomson Reuters Foundation) - Singapore is betting on floating solar farms and vertical panels to increase its clean-energy supplies and cut carbon emissions, a model that could work in other densely populated cities, urban experts said…

BW LPG Sells Very Large Gas Carrier for 'Attractive' Price

Apr 16, 2021

Singapore-based gas carrier operator BW LPG has sold Very Large Gas Carrier (VLGC) BW Empress.BW Empress was built in 2005 and has a carrying capacity of 77,330 CBM. 'The sale has generated approximately US$ 40 million in liquidity and an expected net book gain of approximately US$ 10 million…

Japan to Double Inter-regional Power Grid to Boost Offshore Wind

Apr 16, 2021

Japan aims to double its inter-regional power grid capacity by adding up to 23 gigawatts to help speed expansion of renewable energy such as offshore wind farms, the Nikkei business daily said on its online news site late on Thursday.The move…

New Woodside Boss Faces Existential Threats, Outgoing CEO Coleman Says

Apr 16, 2021

Woodside Petroleum's outgoing boss said on Friday his replacement will face two company-defining challenges: replacing its aging assets and managing the transition to cleaner energy.Australia's top independent gas producer is betting its future on the $11 billion Scarborough gas project…

Petronas Charters Maersk Drillship for Ultra-Deepwater Well in Gabon

Apr 16, 2021

Petronas' Gabon subsidiary PC Gabon Upstream has chartered Maersk Drilling's deepwater drillship for one exploration well in Gabon.Maersk Drilling will supply the 2013-built Maersk Viking drilling rig which PC Gabon Upstream will use to drill an ultra-deepwater exploration well at approximately 2…

World's First: CMHI's Offshore Rig Gets DNV's 'Smart vessel' Notation

Apr 15, 2021

Shen Lan Tan Suo, a semi-submersible drilling rig from China Merchant Heavy Industry (CMHI), has received DNV’s Smart vessel notation compliance certificate. The rig is now the world’s first offshore unit the first to receive DNV's newly developed notation…

MMA Offshore, Worley Team Up to Service Offshore Wind Farms in Taiwan

Apr 15, 2021

Australian offshore vessel operator MMA Offshore and its compatriot Worley, an engineering and construction services company, are teaming up in pursuing opportunities in the offshore wind sector in Taiwan.'The collaboration is an exciting development…

Woodside, Santos Investors Strike Down Activist's Push for Oil and Gas Operations Wind-down

Apr 15, 2021

Investors in Australia's top two independent oil and gas producers on Thursday rejected an activist group's push to get the companies to spell out plans to wind down their operations to help curb global warming.The resolutions were ultimately…

Shell to Produce Majority of Oil and Gas Reserves by 2050. Plays Down Stranded Assets Risk

Apr 15, 2021

Royal Dutch Shell said on Thursday the majority of its oil and gas reserves will be produced by 2050, playing down the risk of stranded assets as it prepares to reduce its greenhouse gas emissions in the coming decades.The disclosure is a rare…

MMHE to Build Offshore Platform, Pipeline for SapuraOMV's Jerun Field

Apr 15, 2021

Malaysia's offshore energy infrastructure construction firm Malaysia Marine and Heavy Engineering (MMHE) has won a contract from SapuraOMV to build and install a platform and pipelines for the oil company's SK408W Jerun Development Project, offshore Sarawak…

Petronas Awards 3-Year Well Intervention Deal to Welltec

Apr 15, 2021

Offshore energy technology company Welltec has secured a three-year contract with the Malaysian oil firm Petronas as the sole provider of downhole conveyance and powered mechanical services for Petronas' Malaysia operations.Espen Dalland, Area…

FAR Postpones Vote on Sangomar Sale as Shareholders Study Remus Offer

Apr 15, 2021

Australia's oil and gas explorer FAR Ltd on Thursday postponed a vote on the sale of its stake in an oil project off Senegal for the third time while investors study a takeover offer from private investment firm Remus Horizons.Remus' A$209.6 million ($161…

Remus Horizons Moves to Take Over FAR, Enter Senegal Offshore Block

Apr 14, 2021

Private investment fund Remus Horizons has launched a conditional takeover offer for the Australian oil company FAR, which owns a stake in the RSSD offshore area in Senegal, containing the Sangomar offshore oil development.FAR has recently agreed to sell its stake in the Sangomar to Woodside…

DEME Offshore, Penta-Ocean form JV to Build Offshore Wind Farms in Japan

Apr 14, 2021

Belgium-based offshore installation company DEME Offshore and Japanese marine contractor Penta-Ocean Construction are forming a joint venture to focus on the construction of offshore wind farms in Japan. 'The new Joint Venture brings together…

Aibel: Large Johan Sverdrup P2 Platform Module Leaves Thailand

Apr 13, 2021

Norwegian company Aibel, specializing in the construction of modules for offshore oil and gas platforms, last week saw the giant Main Support Frame (MSF) module for the Johan Sverdrup P2 platform in Norway leave its yard in Thailand, two years after the start of the construction…

Current News

Siemens Energy Lowers Sales Expectations for 2021

Siemens Energy Lowers Sales Expectations for 2021

Total to Proceed with LNG Project in PNG

Total to Proceed with LNG Project in PNG

Siemens Gamesa to Deliver Wind Turbines for Full 1,044 MW Hai Long Offshore Wind Projects

Siemens Gamesa to Deliver Wind Turbines for Full 1,044 MW Hai Long Offshore Wind Projects

Shelf Drilling Nets 3-year Drilling Rig Contract in India

Shelf Drilling Nets 3-year Drilling Rig Contract in India

Saudi Aramco Sees 30% Rise in 1Q Profit

Saudi Aramco Sees 30% Rise in 1Q Profit

Covid-19: Aban Offshore Suspends Jack-Up Rig Operation Again

Covid-19: Aban Offshore Suspends Jack-Up Rig Operation Again

Work to Remove Oil from Stricken Tanker off China Almost Complete

Work to Remove Oil from Stricken Tanker off China Almost Complete

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