Singapore-based MacArtney Asia was appointed regional reseller for Teledyne RD Instruments’ Acoustic Doppler Current Profilers (ADCP) and Doppler Velocity Log (DVL) products.“We are thrilled to be appointed as the regional reseller for Teledyne RDI ADCP and DVL products…
Japanese trading house Mitsubishi said on Friday it would expand its ownership in a major liquefied natural gas (LNG) project in Malaysia, acquiring 10% stakes in the Dua and Tiga units of the Malaysia LNG plant.Operated by Malaysian state-owned energy giant Petronas…
UAE-based offshore drilling firm Shelf Drilling (SHLF) has initiated a business consolidation plan via triangular merger between its indirect subsidiary SHLF MergCo, Shelf Drilling North Sea (SDNS), as the surviving entity in the proposed merger…
Thailand’s state-owned oil and gas company PTT Exploration and Production (PTTEP) has divested its entire interest in Mexico Block 29, located in deep waters of the Salina Basin offshore Mexico, to the operator Repsol, which has increased its working interest in the block to 46…
South Korean conglomerate Hanhwa Group has offered to acquire all of the shares it does not own in Singapore's Dyna-Mac Holdings, valuing the offshore oil and gas contractor at S$669.2 million ($513.90 million).Hanhwa's units Hanhwa Aerospace and Hanwha Ocean already own a 25…
Southeast Asian countries such as Vietnam and Philippines are expected to boost coal trade and consumption this decade, industry officials say, even as demand from top consumer China approaches its peak.The Indonesian Coal Miners Association (ICMA) expects imports by China and India to peak in 2025…
Italian offshore energy services firm Saipem has secured $4 billion engineering, procurement, and construction (EPC) contract from QatarEnergy LNG for work at a project aimed at sustaining the production of the North Field natural gas reservoir offshore Qatar…
OPEC+ has two problems and two solutions.The first problem is that crude oil prices are too low for the comfort of most of the members of the group, which pulls together the Organization of the Petroleum Exporting Countries (OPEC) and its allies including Russia…
DOF Subsea (DOF) on Friday announced a contract extension and a contract award securing further backlog for the Asia-Pacific (APAC) region.A contract extension has been secured for dive support vessel Skandi Singapore with the vessel fully committed…
Santos has concluded negotiations for the divestment of partial stake in an offshore gas project to TIMOR GAP, which will join the Bayu-Undan project as partner.Santos said the Bayu-Undan Joint Venture (BUJV) and TIMOR GAP have agreed terms…
A backlog of liquefied natural gas (LNG) tankers is waiting to load at Malaysia's Bintulu terminal this week after outages and maintenance work disrupted production, according to industry sources and shiptracking data.The Bintulu facility in Sarawak…
Slower consumption in China spurred the Organization of the Petroleum Exporting Countries (OPEC) to cut estimates for global oil demand growth this week, highlighting the vital role that the world's second largest economy plays in energy markets…
Canada-based oil and gas company Valeura Energy has produced first oil from its Nong Yao C development offshore Thailand.The first three of the seven Nong Yao C development wells were opened up for oil production on August 15, 2024, with additional wells to be brought online successively thereafter…
Strategic initiatives are attracting investors and petroleum contractors to Asia Pacific’s offshore energy market, propelling the region towards enhanced security and economic growth. As countries tap into their local resources to meet rising demand…
AUGUST 16, 2024 - Today, the first two China-built offshore wind power SOVs (Service Operation Vessels) ZHI ZHEN 100 and ZHI CHENG 60 was held in Qidong, China. The two SOVs were delivered by Shanghai Zhenhua Heavy Industries Co., Ltd. to Shanghai Electric Wind Power Group Co…
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