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Jadestone Energy Gets NOPTA Nod for CWLH Title Transfer, Key to Drawing RBL

May 17, 2023

Asia-pacific focused oil and gas company Jadestone Energy has received approval from Australia’s National Offshore Petroleum Titles Administrator (“NOPTA”) for the title transfer relating to the acquisition of the interest in the Cossack, Wanaea…

Beach Energy Boosts Gas Supply to Australian East Coast Market with Two Otway Basin Wells

May 17, 2023

Australian oil and gas company Beach Energy said Wednesday it had connected the offshore Otway Basin Thylacine North 1 and 2 development wells to the Otway Gas Plant and is now delivering additional gas into the Australian East Coast gas market…

QatarEnergy Awards $10B EPC Contract to Technip Energies-led Joint Venture

May 16, 2023

QatarEnergy has awarded Technip Energies-led joint venture with Consolidated Contractors Company (CCC), a $10 billion engineering, procurement, construction, and commissioning contract for the onshore facilities of the North Field South Project (NFS)…

Kuwait's Oil Firm Seeks to Exit Norway

May 16, 2023

Kuwait's overseas oil and gas division has launched a sale process for its Norwegian assets as part of its focus on newer exploration and production hubs, industry sources said. Kuwait Foreign Petroleum Exploration Company (Kufpec) hired Scotiabank to run the sale…

Seajacks' Zaratan Jack-up Reserved for Asia Pacific Work

May 16, 2023

Eneti's offshore installation services subsidiary Seajacks UK has signed a reservation agreement, for its NG 5500 jack-up vessel, Seajacks Zaratan, for employment in the Asia Pacific region for between five and six months. The reservation agreement…

Taiwan's Formosa 2 Offshore Wind Project Officially Inaugurated

May 16, 2023

Construction of the Formosa 2 offshore wind project in Taiwan has been completed, with the milestone marked by an inauguration ceremony at the Waipu Fishing Port in Miaoli to celebrate the successful construction of the offshore wind farm. With…

Australia Aims to Scale Up Offshore CCS

May 16, 2023

Australia plans to scale up its capability for offshore carbon capture and storage (CCS) and will shortly seek public feedback on a new round of greenhouse gas storage acreage, the country’s resources minister said on Tuesday.The country, one…

Vietnam's PM Approves $135 Billion Power Plan for 2030

May 15, 2023

HANOI, May 16 (Reuters) - Vietnam said on Tuesday it has approved a long-awaited power plan for this decade, in a move meant to boost wind energy and gas, while reducing reliance on coal.Known as PDP8, the plan aims to ensuring energy security…

India Cuts Windfall Tax on Petroleum Crude

May 15, 2023

India has cut windfall tax on petroleum crude to zero from 4,100 rupees ($50.13) per tonne, effective May 16, according to a government notification.It left the windfall tax on petrol, diesel and aviation turbine fuel (ATF) unchanged at zero…

Exxon Settles Indonesia Torture Case that Led to SEC Official's Ouster

May 15, 2023

Exxon Mobil Corp on Monday settled a long-running human rights lawsuit with villagers who claimed soldiers Exxon hired to guard a natural gas facility in Indonesia committed murder and torture.The two sides said in a Washington, D.C., federal court filing that they had resolved the 2001 case…

Specialized Vessel Arrives in Port Taranaki for Tui Offshore Oil Field Decommissioning

May 15, 2023

The third stage of work to decommission the Tui oil field will begin this week when a specialist well intervention vessel arrives at Port Taranaki, the port said Monday.Helix Energy Solutions’ Q7000 semi-submersible vessel that specializes in decommissioning projects…

Lamprell Names New CEO

May 15, 2023

Offshore energy engineering and construction services company Lamprell has appointed a new CEO, Ian Prescott. 'With a distinguished career spanning across the oil & gas, petrochemical, mining, power and water industries, Ian has a demonstrated…

Asian Spot LNG Prices Fall to Near Two-year Low

May 12, 2023

Asian spot liquefied natural gas (LNG) prices fell for the third straight week on Friday to the lowest level in nearly two years due to weak demand from top regional importers and as inventories remained high.The average LNG price for June delivery into northeast Asia…

Japan Picks Five Promising Zones for Offshore Wind Farms

May 12, 2023

The Japanese government said on Friday it had chosen five sites off the coast of Hokkaido as 'promising zones' for developing offshore wind farms, marking the second stage in a three-part selection process. The move comes as Japan looks to accelerate…

Petra Energy Wins HUC Deal for World's Largest Offshore CCS Project

May 12, 2023

Petra Energy's Petra Resources subsidiary has been awarded a subcontract from Malaysia Marine and Heavy Engineering Sdn. Bhd. (“MMHE”) for Hook Up and Commissioning (HUC) Works for Kasawari Carbon Capture and Storage Project.In November 2022…

Current News

Yinson Production Nets DNV Approval for New FPSO Hull Design

Yinson Production Nets DNV Approval for New FPSO Hull Design

Hanwha Ocean's Tidal Action Drillship Starts Maiden Job with Petrobras

Hanwha Ocean's Tidal Action Drillship Starts Maiden Job with Petrobras

Petronas to Leverage AI to Expedite Oil and Gas Exploration Activities

Petronas to Leverage AI to Expedite Oil and Gas Exploration Activities

Brownfield Output Decline Accelerates, says IEA

Brownfield Output Decline Accelerates, says IEA

PV Drilling Takes Ownership of Noble Corporation’s Stacked Jack-Up Rig

PV Drilling Takes Ownership of Noble Corporation’s Stacked Jack-Up Rig

Hanwha Ocean Enlists ABB for Singapore’s First Floating LNG Terminal

Hanwha Ocean Enlists ABB for Singapore’s First Floating LNG Terminal

Aquaterra Energy Nets Subsea Analysis Contracts with INPEX off Indonesia

Aquaterra Energy Nets Subsea Analysis Contracts with INPEX off Indonesia

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