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Iran Ready to Ship More Fuel to Lebanon

Aug 23, 2021

Iran said on Monday it is ready to ship more fuel to Lebanon if needed, a day after the leader of Lebanon's Iran-aligned Hezbollah group said more vessels carrying Iranian fuel would sail soon to help ease the country's fuel shortage.'We sell…

Worley Lands Jansz-Io Compression Gig with Chevron

Aug 23, 2021

U.S. oil giant Chevron has awarded the Australian engineering firm Worley a contract for the provision of engineering and construction management services in support of Chevron’s recently sanctioned $4 billion Jansz-Io Compression (J-IC) project in Australia…

PTTEP Names New CEO

Aug 23, 2021

Thai oil company PTTEP has appointed its President Montri Rawanchaikul as the new Chief Executive Officer (CEO) and Director.He will replace Phongsthorn Thavisin who will end his roles with PTTEP on September 30, 2021. The appointment of the new CEO and Director will be effective from October 1…

Santos Selects Altera for Dorado FPSO FEED

Aug 23, 2021

Australian oil and gas company Santos has awarded the FEED contract for the FPSO for the Dorado project offshore W. Australia to Altera Infrastructure.Located in the Bedout Sub-basin, Dorado is an oil and gas project which is planned to be developed in two phases…

Woodside Paying New Female CEO 25% Less than Predecessor

Aug 20, 2021

Woodside Petroleum is paying new CEO, Meg O'Neill, around 25% less than her predecessor, even as she embarks on sealing a deal to double the size of the Australian company to turn it into a top 10 independent oil and gas producer.Details of…

DNV Grants AiP for Samsung Heavy's VLCC Fuel Ready Design

Aug 20, 2021

Classification society DNV has awarded an Approval in Principle (AiP) to Samsung Heavy Industries for a 'Fuel Ready' (ammonia, D, S, Ti) class notation for its 300,000 dwt LNG-fueled very large crude carrier (VLCC) design.SHI has developed a…

CNOOC to Increase Renewables Spend

Aug 19, 2021

China's top offshore oil and gas driller CNOOC Ltd said it would channel up to 10% of annual spending to green energy by 2025, and announced interim net profit more than tripled from last year as oil prices rebounded.That doubles a previous…

Tech File: A Resident Eyeball ROV

Aug 19, 2021

There's also space in the market for resident observation systems, believe Boxfish Research and Transmark Subsea. The two companies signed a partnership agreement in October 2020 to deliver a fully autonomous resident observation ROV, the ARV-i…

CNOOC Sees 1H Profit Soar

Aug 19, 2021

China's top offshore oil and gas driller CNOOC Ltd said on Thursday its first-half net profit more than tripled from a low base last year, supported by rebounding oil prices and recovering energy demand after the pandemic.CNOOC Ltd, a listed branch of China National Offshore Oil Corp…

ABB to Power Chevron's Jansz-Io Compression (J-IC) Project in Australia

Aug 19, 2021

ABB has secured a contract worth around $120 million to supply the overall Electrical Power System (EPS) for Chevron's multi-billion-dollar Jansz-Io Compression (J-IC) project, offshore W. Australia.The Jansz-Io field is located around 200 kilometers offshore the north-western coast of Australia…

Opinion: BHP's Petroleum Exit Shows Oil and Gas May Follow Coal's Path to Toxic Status

Aug 19, 2021

The market hasn't exactly cheered BHP Group's proposed exit from its oil and gas business, with shares of both the mining giant and the acquirer, Woodside Petroleum, tumbling in the wake of deal.A point of concern for investors is that BHP may have sold the assets too cheaply…

Cenertech's New FPSO to be Built to ABS Class

Aug 18, 2021

ABS said Wednesday that the new FPSO ordered by China National Offshore Oil Company Energy and Technology Services  Company (Cenertech) to serve the Lu Feng 12-3 Oilfield would be built to ABS Class.The 100,000 DWT FPSO is the center of a development…

McDermott's CB&I Nets Another Philippines LNG Terminal Deal

Aug 18, 2021

McDermott's CB&I Storage Solutions business has been awarded a contract by Atlantic Gulf and Pacific Company of Manila, Inc. (AG&P) to build a second LNG storage tank and double-wall LNG bullet for AG&P's Philippines LNG import and regasification…

Petronas Says Delivers Maiden Carbon Neutral LNG Cargo

Aug 18, 2021

Malaysian oil and gas company Petronas said Wednesday it had delivered its first carbon neutral liquefied natural gas (LNG) cargo to Shikoku Electric.The cargo was delivered from the Petronas LNG Complex (PLC) in Bintulu and was received Tuesday at the Sakaide LNG terminal in Shikoku Island…

Sakhalin Energy: Maintenance Continues at LNG Train 2

Aug 18, 2021

Russian liquefied natural gas producer (LNG) Sakhalin Energy said on Wednesday post-shutdown commissioning was continuing at the second LNG train at its Prigorodnoye production complex.Comprehensive maintenance work, which began on July 9, had been initially due to last around 37 days…

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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