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Transocean Awarded $222 Million Drillship Contract

Aug 31, 2023

Offshore drilling contractor Transocean announced it has been awarded a $222 million contract for one of its ultra-deepwater drillships to go to work offshore India.India's state-controlled Oil and Natural Gas Corporation Ltd awarded the binding…

Petronas Posts Lower Profit as Energy Prices Drop

Aug 30, 2023

Malaysia's Petroliam Nasional Berhad (Petronas) will focus on bolstering its capital position to deal with increasing volatility in the energy market and 'restrictive' access to financing, the state oil firm's chief executive said on Wednesday…

Taiwan's CPC says it has Australian Approval for Dorado Project

Aug 16, 2023

Taiwan's state-owned energy company CPC said Wednesday it had received Australian government approval to acquire four subbasin permits in oilfields off Western Australia from Carnarvon Energy.CPC's subsidiary OPIC Australia Pty Ltd reached the deal with Carnarvon in February…

Jadestone Energy Working to Address Tank Defect on Montara Venture FPSO

Aug 10, 2023

Asia Pacific-focused Jadestone Energy, which last month shut down production from its Montara Venture FPSO off Western Australia due to an issue with the FPSO's 4S ballast water tank,is still working to address the defect in the tank.Jadestone Energy said Thursday that since the shutdown…

Chevron, Woodside in Talks to Avert Strikes in Australia

Aug 10, 2023

Chevron and Woodside Energy Group said on Thursday they are holding talks with unions to avert threatened strikes at gas facilities that together supply about 10% of the global LNG market.Concerns over potential industrial action at three Australian LNG operations - North West Shelf…

Perdana Nautika Wins AHTS Vessel Contract

Jul 28, 2023

Malaysia's Perdana Petroleum's subsidiary, Perdana Nautika, has secured a contract for the provision of an anchor handling, Tug, and Supply (“AHTS”) vessel to RMS Synergy.The contract started on June 13, 2023, and has a 60-day duration. The contract is valued at around RM4…

Keppel Profit Soars on One-off Gain from O&M Unit Sale

Jul 27, 2023

Singapore's Keppel Corp KPLM.SI on Thursday reported a more than seven-fold jump in its first-half profit boosted by a one-off gain from the sale of its offshore and marine (O&M) unit and strong performance from the infrastructure business.Keppel…

Siem Offshore's AHTS Vessels Win Work in Australia

Jul 26, 2023

Norwegian offshore vessel operator Siem Offshore has secured a medium-term contract for two AHTS vessels.Siem Offshore said Tuesday that the contracts were for its 2010-built Siem Aquamarine and 2011-built Siem Amethyst AHTS vessels.The company did not say who the client was exactly…

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…

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…

MAN Energy Solutions Sells Gas Turbine Business

Jun 21, 2023

MAN Energy Solutions has announced the sale of its gas turbine business to China’s CSIC Longjiang GH Gas Turbine.CSIC Longjiang GH Gas Turbine (GHGT) develops small and medium-sized gas turbines in a 5 to 50 MW range as well as high performance and combustion technologies…

Pilot Energy and KNCC Partner to Store CO2 Offshore Australia

Jun 15, 2023

Australian oil and gas company Pilot Energy and Norway's Knutsen NYK Carbon Carriers (KNCC) have entered into a memorandum of understanding to collaborate on offering an integrated solution for marine transportation and offshore injection of CO2 at the Cliff Head CCS Project…

MOL Group Enters CTV Business with Charter Deal for Ishikari Bay New Port Wind Farm

Jun 15, 2023

Japan's Mitsui O.S.K. Line has concluded a time charter contract with Shimizu Corporation for two crew transfer vessels (CTV) for an offshore wind farm at Ishikari Bay New Port. 'This marks the MOL Group’s first entry into the CTV business. In addition…

First Gas from Gorgon Stage Two Development

Jun 07, 2023

Chevron Australia and the Gorgon Joint Venture Participants have announced the production of first gas from the Gorgon Stage Two development off the northwest coast of Western Australia.The development expands the existing subsea gas gathering network of the Gorgon Project…

Cyan, Taya in Offshore Wind Vessel Collab in Taiwan

May 31, 2023

Singapore-based Cyan Renewables said Wednesday it had signed a Memorandum of Understanding (MOU) to partner with Taiya Renewable Energy, a Taiwanese offshore wind farm development company. Under the MOU, Cyan and Taiya will collaborate to build vessel capacity…

Current News

Saipem Poised for Middle East Repair Work After Iran War

Saipem Poised for Middle East Repair Work After Iran War

Middle East Conflict Jolts Offshore Drilling Market

Middle East Conflict Jolts Offshore Drilling Market

Bureau Veritas Expands Offshore Services with New Asia Hub

Bureau Veritas Expands Offshore Services with New Asia Hub

Valeura Charters Shelf Drilling’s Jack-Up Rig for Gulf of Thailand Ops

Valeura Charters Shelf Drilling’s Jack-Up Rig for Gulf of Thailand Ops

Oil Prices Jump as Ships Come Under Fire in Strait of Hormuz

Oil Prices Jump as Ships Come Under Fire in Strait of Hormuz

US-Israel War on Iran Creates Biggest Energy Crisis in History

US-Israel War on Iran Creates Biggest Energy Crisis in History

Jadestone Secures Gas Sales Deal for Fields Offshore Vietnam

Jadestone Secures Gas Sales Deal for Fields Offshore Vietnam

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