Asian spot liquefied natural gas (LNG) hit a fresh record high [last week] as South Korean and Japanese buyers restocked for the winter and a planned outage at the Nord Stream 1 pipeline next week pushed up European demand.The average LNG price…
The Philippines is open to new talks with China on oil and gas exploration, the Southeast Asian country's foreign minister said on Wednesday.A deal with China or any other country on joint oil and gas exploration, however, should comply with Philippine laws…
Helix Robotics Solutions has won a 180-day contract by a local Thailand contractor to perform decommissioning services using the subsea construction vessel Grand Canyon II.The company, a robotics branch of the Helix Energy Solutions Group, said…
McDermott International has won a Front-End Engineering Design (FEED) contract from Viva Energy Australia as part of its Geelong Refinery project to provide additional desulfurization capabilities. The award follows the completion of the Pre…
Under pressure from Western sanctions, Russia is exporting more fuel oil to Asia and using ship-to-ship transfers to build larger cargoes for distant markets, according to traders and Refinitiv data.The European Union has been reducing imports…
Australia will have to invest in renewable energy and carbon capture and storage at unprecedented speed and scale in order for the economy to achieve net zero carbon emissions by 2050, modeling released on Thursday showed.The Net Zero Australia…
Beach Energy Ltd is shoring up its war chest for acquisitions in Australia and New Zealand, Chief Executive Officer Morne Engelbrecht said on Monday, after reporting a weaker-than-expected annual profit and production outlook.Shares in gas and oil producer Beach…
Reach Subsea's subsidiary OCTIO has won a multi-year geophysical monitoring frame contract with an undisclosed operator offshore Australia.OCTIO will deploy its gWatch service to deliver gravimetry and seabed subsidence measurements.'This is…
Keppel Offshore & Marine Ltd (Keppel O&M)’s wholly-owned subsidiaries, Keppel AmFELS in the U.S. and Keppel Shipyard in Singapore, have been awarded contracts worth around S$75 million (US$54.5 million) for the refurbishment and completion of two floating production units (FPU)…
Dubai based jackup operator Shelf Drilling has been awarded a three-year contract for with India's Oil and Natural Gas Corporation for work on the Mumbai High. The contract is for the C.E. Thornton jack-up rig, with planned start-up of operations is Q2 2023…
Norwegian marine seismic survey contractor PGS said Thursday it had won a significant 3D exploration acquisition contract offshore Indonesia with a major energy company. Also, PGS said it had secured a major 4D acquisition contract offshore Australia with an international energy company…
Offshore drilling firm Valaris said Tuesday that its Valaris MS-1 semi-submersible drilling rig had reached Santos' Barossa gas field offshore Australia.'On July 16, the VALARIS MS-1 completed the tow from Dampier to the Barossa Field offshore…
Australia's Woodside Energy Group trimmed its production outlook for 2022 on Thursday and flagged a possible delay to a U.S. oil project inherited with BHP Group's petroleum assets, sending its shares down 4%.Woodside, now a top 10 global independent oil and…
Offshore drilling contractor Borr Drilling has secured a binding Letter of Award for its jack-up drilling rig Mist.The deal is with the Abu Dhabi-based Mubadala Petroleum for drilling in Thailand. The contract length has an estimated duration of 210 days…
Indonesia's oil and gas lifting in the first half was below expectations due to disruption in some facilities and delayed projects, putting it on course to miss full-year 2022 targets, officials at upstream regulator SKK Migas said on Friday…
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