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Woodside to Shed Some Trinidad and Tobago Assets for $206M

Mar 28, 2025

Australia's Woodside Energy said on Friday it would sell some assets in its offshore oil and gas project in Trinidad and Tobago to London-based Perenco for $206 million.The sale includes the Greater Angostura project's offshore production facilities and interests in the shallow water Angostura and Ruby fields, but excludes assets in the deepwater Calypso field, Woodside said. Perenco will assume all restoration obligations…

Dutch Contractor Completes Malaysia’s Largest 'Rig-to-Reef' Decom Project

Jul 21, 2025

Dutch offshore contractor Marine Masters has completed its offshore scope for the decommissioning of the South Angsi Alpha (SAA) platform, operated by Hibiscus Oil & Gas Malaysia, marking a major milestone in the repurposing of retired offshore infrastructure…

China Rolls Out 17MW Floating Wind Turbine Prototype

Jul 18, 2025

The world’s most powerful direct-drive floating offshore wind turbine, rated at 17 MW and co-developed by Dongfang Electric Corporation and China Huaneng, has been rolled out in China.With the highest single-unit capacity and the largest rotor diameter globally…

MODEC and Terra Drone Renew FPSO Drone Inspection Partnership

Jun 17, 2025

MODEC has renewed its joint research and development (R&D) agreement with Terra Drone for the non-destructive internal inspection of crude oil storage tanks on floating production, storage, and offloading systems (FPSOs) using Terra UT drones…

Fugro Expands Geotechnical Testing Capabilities in Indonesia

Jun 11, 2025

Fugro has opened a new geotechnical testing laboratory in Jakarta, Indonesia, enhancing its regional capabilities for energy and infrastructure projects.The new facility will increase Fugro’s lab capacity in Asia Pacific by 20% and cut testing turnaround times by 30%…

Fugro Lands Deepwater Gas Field Job in Southeast Asia

Jun 02, 2025

Fugro has signed a letter of award to perform a site characterization program for a deepwater gas field development in Southeast Asia.The contract award represents the largest geotechnical and geophysical survey project for Fugro in the Asia Pacific region to date…

India Stretches Bids Deadline for 13 Offshore Deep-Sea Mineral Blocks

Apr 16, 2025

India has extended an auction of deep-sea blocks containing critical minerals used in electric vehicle batteries and other products until May 1, a spokesperson at India's Ministry of Mines said on Wednesday.China is a top global producer of 30 of the 50 minerals considered critical by the U…

Keel Laying for Wind Flyer Trimaran Crew Boat

Mar 25, 2025

Aesen, in partnership with its Thailand joint venture Uniwise Offshore, marked a milestone in offshore boat innovation with the keel laying of the WIND Flyer Trimaran Fast Crew Boat. This event, held at Marsun Public Company Limited, represents…

Argentina YPF to Shed Offshore Exploration Projects

Mar 13, 2025

Argentina's energy company YPF wants to speed up a divestiture plan that includes selling controlling stakes in offshore exploration projects in Argentina and Uruguay, reducing its presence in mature fields and later offering a gas distribution company for sale…

Eco Wave Finds Partner for Wave Energy Project in India

Feb 14, 2025

Eco Wave Power Global has signed a Memorandum of Understanding (MoU) with Bharat Petroleum Corporation Limited (BPCL), marking a first step for the introduction of wave energy into India’s renewable energy strategy.The collaboration aligns with…

Saipem’s Castorone Vessel on Its Way to Türkiye’s Largest Gas Field

Dec 30, 2024

Saipem’s pipelay vessel Castorone has crossed the Bosphorus Strait in Türkiye, continuing its journey toward the Black Sea for a pipeline installation job as part of the second phase of the Sakarya project for Turkish Petroleum - Offshore Technology Center (TP – OTC)…

Subsea Redesign Underway for Floating Offshore Wind

Dec 23, 2024

The 66kV high voltage wet mate connector currently undergoing technical qualification by Baker Hughes weighs in at around one ton and has over 40 liters of dielectric oil protecting copper cable up to 1,200 square millimeters in diameter.The…

The Five Trends Driving Offshore Oil & Gas in 2025

Dec 23, 2024

[1] Flat Outlook for Global Spend … but … Aadvantaged Projects Attract CapitalWith concerns of a softening oil market, we expect global upstream investment to remain flat or even fall – indeed, the reported 2025 budgets to date show a 3-4% drop…

AI & Offshore Energy: The Higher the Stakes, the More Value AI Creates

Dec 18, 2024

Idle time for a drilling rig costs about $250,000 an hour. AI is being embraced across the industry to ensure it doesn’t happen.A while back, an energy major had an unfathomable, intermittent problem with its drilling operations. It was beginning to cost big money…

OPEC+ Passes on Oil Output Increase, Weighs the "Trump Effect"

Dec 06, 2024

It was likely a fairly easy decision for OPEC+ to once again delay plans to increase oil output.The soft state of global demand is by itself sufficient reason to justify the decision at this week's meeting of the group to defer winding back some of its production cuts until at least April…

Current News

Yinson, PTSC Get $600M Contract for Vietnam-Bound FSO

Yinson, PTSC Get $600M Contract for Vietnam-Bound FSO

PTTEP Acquires Southeast Asia’s Offshore Block from Chevron’s Hess Unit for $450M

PTTEP Acquires Southeast Asia’s Offshore Block from Chevron’s Hess Unit for $450M

Valeura Energy, PTTEP Partner Up on Gulf of Thailand Blocks

Valeura Energy, PTTEP Partner Up on Gulf of Thailand Blocks

Sapura Scoops Over $118M for Chevron, PTTEP Subsea Ops off Thailand

Sapura Scoops Over $118M for Chevron, PTTEP Subsea Ops off Thailand

Pandion Energy Divests Interests in Three Norwegian Assets to Inpex

Pandion Energy Divests Interests in Three Norwegian Assets to Inpex

China Starts Production at Major Oil Field in Bohai Sea

China Starts Production at Major Oil Field in Bohai Sea

Dutch Contractor Completes Malaysia’s Largest 'Rig-to-Reef' Decom Project

Dutch Contractor Completes Malaysia’s Largest 'Rig-to-Reef' Decom Project

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European stocks gain, euro dips after US-EU strike trade deal
Gold prices are impacted by the risk-on sentiment following the US-EU tariff agreement, with Fed in focus
Panel of OPEC+ stresses the need to comply with all output limits
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