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Oil Industry Should Set Carbon Targets at COP28 -TotalEnergies CEO

Jul 06, 2023

The world's oil and gas companies should set targets to cut greenhouse gas emissions by 2030 at the upcoming COP28 global climate conference, the CEO of France's TotalEnergies Patrick Pouyanne said on Wednesday.'If we can bring something to COP28 as an oil and gas industry…

Japan's Mitsui to Acquire UK's Pipeline Repair Specialist STATS

Jul 05, 2023

Japan's Mitsui & Co. has executed a share purchase agreement to acquire 100% of the issued shares of Aberdeen-based STATS (UK) Ltd., a company that manufactures proprietary energy pipeline repair equipment and provides engineering services.The…

Ocean Winds Pushes to Develop Offshore Wind Farms in Australia

Jul 04, 2023

Ocean Winds, a joint venture between Portugal's main utility EDP  and French company Engie, said on Tuesday it had lodged applications with the Australian government to develop offshore wind farms off the coast of Victoria.The JV, which participated…

Bidding Period Closes for Japan's Second Offshore Wind Power Tender

Jun 30, 2023

Japan's government on Friday finished accepting bids for a second major round of offshore wind power tenders to build 1.8 gigawatts (GW) of capacity in four areas, with the result to be announced by the end of March.Japan's offshore wind power…

Offshore Wind: Taiwan's First DP3 Heavy Lift and Installation Vessel Completed

Jun 30, 2023

The construction of the 'Green Jade' DP3 heavy lift and installation vessel, the first such vessel built in Taiwan, was completed Friday.The vessel was commissioned by the CDWE consortium consisting of Belgium's DEME Offshore and Taiwan's CSBC…

India: BP and RIL Bring MJ Offshore Field Online

Jun 30, 2023

UK-based oil major BP, and India's Reliance Industries Limited (RIL)  on Friday confirmed the start of production from the MJ field offshore India, following testing and commissioning activities. The MJ field represents the last of three major…

FPSO PTSC Lam Son in Vietnam Gets Contract Extension Worth $27.3 Million

Jun 30, 2023

Malaysian FPSO leasing firm Yinson Production has, through its PTSC AP joint venture company with Vietnam's PTSC, received a 12-month extension for the bareboat charter contract for FPSO PTSC Lam Son, with a further automatic extension of 6 months…

Malaysia's Sarawak Energy Plans 400MW Floating Solar Capacity by 2030

Jun 29, 2023

Sarawak Energy aims to install at least 400 megawatts (MW) of floating solar power capacity at its dams by 2030 as the Malaysian utility expands to meet rising demand for renewables from neighboring countries, its group chief executive said…

World's First 16MW Offshore Wind Turbine Installed Offshore China

Jun 29, 2023

China Three Gorges Corporation said Wednesday it had installed the world's first 16MW offshore wind turbine, off the coast of Fujian, China.The news was also confirmed by the wind turbine maker Goldwind, which said: “On June 28, Goldwind successfully…

Itochu, Tokyo Gas Eye Bids for Japan's Offshore Wind Farm Auction

Jun 29, 2023

Itochu Corp, Tokyo Gas Co Ltd, and other companies are considering bidding in the second round of the Japanese government's auction of offshore wind power projects, the Nikkei business daily reported on Thursday. In December, Japan resumed public…

ClassNK Grants AiP for Ship that Can Transport Ammonia and Liquefied CO2

Jun 29, 2023

Japanese classification society ClassNK has granted Mitsubishi Shipbuilding Co., Ltd. and Nippon Yusen Kabushiki Kaisha (NYK Line) Approval in Principle (AiP) for a ship that can transport ammonia and liquefied CO2 (LCO2).LCO2 carriers play…

Transocean Secures 16-Well Contract for Transocean Equinox Rig in Australia

Jun 29, 2023

Offshore drilling contractor Transocean has secured a 16-well contract for the Transocean Equinox semi-submersible drilling rig in Australia for a consortium of four operators. The 380-day campaign contributes approximately $184 million in backlog…

China's Shandong Starts Releasing Oil Stranded at Ports after Inspections, Sources Say

Jun 28, 2023

China's Shandong refining hub has begun releasing millions of barrels of oil that were stuck at ports after inspections curbed imports into the province, trading sources said following a meeting this week between officials and refiners.The easing…

Mitsui OSK Gets AiP for Liquefied CO2 Vessel, Floating Storage Unit

Jun 28, 2023

Japanese shipping company Mitsui O.S.K Lines (MOL) 9104.T has received in-principle approvals for a liquefied CO2 vessel and a floating storage and offloading unit (FSO) from the American Bureau of Shipping, its Chief Executive Takeshi Hashimoto said on Wednesday…

Exporting Too Much Gas Could Jeopardize Israel's Energy Security, Warns Official

Jun 28, 2023

Israel should urgently examine how much natural gas the country should export to make sure it keeps enough for itself, a senior official at Israel's Finance Ministry said in a letter seen by Reuters. The country is expected to roughly double…

Current News

Valeura Boosts Production at Jasmine Field with Five New Wells Now Onstream

Valeura Boosts Production at Jasmine Field with Five New Wells Now Onstream

Saipem Gets $1B Job at BP’s Indonesian Gas and CCUS Project

Saipem Gets $1B Job at BP’s Indonesian Gas and CCUS Project

Seatrium and Cochin Shipyard Form Alliance to Deliver India’s Jack-Up Rigs

Seatrium and Cochin Shipyard Form Alliance to Deliver India’s Jack-Up Rigs

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

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India govt says low steel rates will harm capability production
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