Oil and gas company Jadestone Energy plc has completed the acquisition of the remaining 10% interest in the Lemang production sharing contract onshore Indonesia. As a result, Jadestone’s interest (pre local government back-in rights) in the Lemang PSC has increased to 100%.The 10% interest has been acquired through the execution of a Settlement and Transfer Agreement between Jadestone and PT Hexindo Gemilang Jaya (“Hexindo”)…
Oil and gas company Valeura Energy said Monday that modifications to the MT Jaka Tarub crude oil storage vessel were complete, making the vessel compatible with infrastructure at its Wassana oil field, offshore Thailand.According to Valeura Energy…
Last week at the Wind Expo Spring 2023 in Tokyo, NYK announced the name of a crew transfer vessel (CTV) for the Ishikari Bay New Port offshore wind farm, for which NYK has a multi-year time charter contract with Siemens Gamesa.At the naming presentation with James Tham…
Indonesia has appointed several firms to conduct exploration of three oil and gas blocks, which include units of state energy company Pertamina and Italy's Eni, the energy ministry said on Wednesday. The blocks are namely Peri Mahakam, Sangkar…
Indonesia has awarded another two oil and gas exploration blocks to domestic firms as it seeks to boost production to meet growing energy demand, the energy ministry's director general of oil and gas said on Wednesday. The Paus working area in offshore East Natuna…
Oil and gas company Valeura Energy has entered into a definitive agreement with PT Samudra Alam Transport to charter the MT Vula crude oil tanker to store oil produced from the Wassana oil field, offshore in the Gulf of Thailand.In Q2 2022,…
Floating wind developer BlueFloat Energy has selected K2 Management as owner's engineer for the development of its first offshore floating wind project in Taiwan ahead of the upcoming round three market auction.With a planned capacity of 1 GW…
Indonesia's state-owned electricity utility PT Perusahaan Listrik Negara (Persero) or PLN, has selected Saudi developer ACWA Power Company to develop two floating solar PV projects.The projects will contribute to Indonesia's goal of achieving its renewable energy target of 23% by 2025…
Elenergy Co Ltd, a Korean renewable energy development firm, has hired DNV as the owner's engineer for its 1.5 GW fixed-bottom Chujin offshore wind project.The Chujin offshore wind farm will be the largest commercial-scale offshore wind farm in South Korea…
A consortium between the offshore engineering firm DORIS and the Korean shipbuilding and offshore engineering giant Hyundai Heavy Industries has won a Front-End Engineering Design (FEED) contract for a floating wind project in South Korea.The…
Shell announced a second investment in Malaysia's oil and gas sector in a month as the major and its partners, including Petronas, aim to revive output in an environment of tight global supply.Shell's decisions come after the war in Ukraine disrupted Russian oil and gas supplies and boosted prices…
Born from offshore engineering, the Wonder Reef literally came to life under the guise of Subcon Blue Solutions, large scale sculptural artist Daniel Templeman and the City of Gold Coast, Australia. Matt Allen, Director, Subcon Blue Solutions…
FPSO leasing specialist MODEC and Toyo Engineering Corporation have executed a deal to form a joint venture company for the Engineering, Procurement, Construction and Installation (EPCI) business of FPSO vessels. The establishment of the joint venture company…
Engineering group Worley has entered into a global master services agreement with the U.S. oil and gas giant Chevron, covering Chevron’s upstream, midstream, and downstream business needs.The agreement can be used by Chevron’s business units…
To develop stranded gas reserves in remote regions, chemical engineers from The University of Western Australia are cooperating on novel cost- and carbon-reduction technology.Professor Zachary Aman, Chevron Woodside Chair in Long Subsea Tiebacks…
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