Seatrium has started the steel fabrication for Sparta semi-submersible floating production unit (FPU), which is the Singapore-based company’s third FPU to be built for its long-standing customer Shell.The steel cutting ceremony marks the beginning…
Malaysia’s Petronas has awarded Production Sharing Contracts (PSCs) for six exploration blocks and one Discovered Resource Opportunities (DRO) cluster under the Malaysia Bid Round 2023.The awards are expected to garner more than $275 million (RM 1…
Canada-based oil and gas company Valeura Energy has announced plans to invest around $8 million in 2024 for new exploration within its Gulf of Thailand licenses, with opportunities identified in Wassana North, Nong Yao D, and the Ratree Prospect…
Petronas, through its subsidiary PC Ketapang II, has secured a 20-year extension of the Production Sharing Contract (PSC) for the Ketapang Working Area, located in the Java Sea.Due to expire in 2028, the Ketapang PSC extension was officially…
Malaysia’s Petronas Carigali and Thai PTTEP have signed agreements related to the development of PTTEP-operated oil and gas Blocks SK405B and SK410B located off the coast of Sarawak, offshore Malaysia.Petronas and PTTEP signed a memorandum of…
Asian Oil & Gas (AOG) is hosting a webinar on the groundbreaking patents that are pushing multiphase detection, measurement, and control technology forward.Throughout the oil and gas and petrochemical industries, liquid-to-liquid separation is a fundamental process…
Egypt's petroleum ministry on Tuesday announced a new oil discovery in the Geisum and Tawila West Concession in the Gulf of Suez.The new discovery was made by Egypt's Cheiron through exploration well GNN-11, currently producing more than 2,500 barrels a day…
Shell's incoming Chief Executive Wael Sawan is set to accelerate the group's drive to build its renewable energy business, including through a possible 'transformative' clean power acquisition, company and industry sources said.Sawan will from…
With a third of Norway’s oil and gas on its books, state-owned Petoro has a unique perspective, from the macro right down to drainage strategies.Today, Petoro VP Licence and technology Kjell Morisbak Lund sees that the industry has many difficult challenges…
A new report from the International Energy Agency (IEA) estimates that if there was a concerted, global effort to eliminate unnecessary flaring and control leaks across the supply chain, nearly 210 billion cubic meters (bcm) of natural gas could be made available to gas markets…
DNV completed a concept verification review of Odfjell Oceanwind’s WindGrid (WindGrid) system for Mobile Offshore Wind Units (MOWUs). DNV’s review confirms the technical feasibility of the WindGrid system, and that expected reductions in CO2…
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