U.K.-based Pharos Energy, an independent energy company with assets in Vietnam and Egypt, has secured two-year extension of the exploration period for two blocks located in moderate to deep waters offshore Vietnam.The approval has been received from the Vietnamese government for the two-year extension of the exploration period, from November 2025 to November 2027) for Blocks 125 and 126 in the Phu Khanh Basin…
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%…
Energy and marine consultancy ABL, a subsidiary of ABL Group, has been awarded a contract to provide marine warranty survey (MWS) services to BP’s Tangguh UCC project in Indonesia.The Tangguh UCC Project comprises Ubadari field development, enhanced gas recovery through carbon capture…
China's state-owned oil and gas firm China National Offshore Oil Corporation (CNOOC) has brought on stream the Weizhou 5-3 oil field development project in Beibu Gulf Basin in the South China Sea.The main production facility includes one self-installing wellhead platform…
MODEC and Carbon Clean Solutions have signed a memorandum of understanding (MoU) to continue the development and eventual deployment of floating production, storage and offloading (FPSO)-based offshore post-combustion carbon capture technologies…
PTAS Aker Solutions, a local joint venture between Aker Solutions and the Brunei company PTAS, has secured a two-year contract extension to provide offshore maintenance and modification services to Brunei Shell Petroleum (BSP).The extension…
CDWE, a joint venture between CSBC Corporation and DEME Offshore, has completed the installation of pin piles for the Hai Long offshore wind farm, being built in Taiwan.A total of 219 pin piles have been installed using the Green Jade heavy lift vessel…
BP, together with its partners, has entered into a series of agreements that will build and expand on its major oil and gas interests in Azerbaijan, paving the way for growth and additional production while deepening its partnership with the country and state oil company…
Azeri state energy company SOCAR will sign new agreements soon for oil and gas exploration in Azerbaijan, including with Exxon Mobil and BP, three sources told Reuters on Monday.The sources, who spoke on condition of anonymity, declined to give further details…
Turkish state oil company TPAO will sign a gas production-sharing agreement with Azerbaijan's SOCAR and BP for the Shafaq-Asiman offshore block on the Caspian sea, Turkey's energy minister said on Monday.'Today, we are taking further steps with…
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…
China’s state oil and gas major Sinopec has established a venture capital fund focused on hydrogen energy, with an initial size of 5 billion yuan ($690 million), the company said in a statement on Thursday.The fund, the largest in China dedicated to investment across the hydrogen value chain…
Copenhagen Infrastructure Partners (CIP), through its Growth Markets Fund II, has signed an agreement with ACEN, the listed energy company of the Ayala group, to sell a 25% minority stake in the San Miguel Bay offshore wind project in Camarines Sur subject to applicable regulatory approvals…
Canada-based oil and gas company Valeura Energy has completed an eight-well drilling campaign in license B5/27 in Gulf of Thailand with Borr Drilling’s Mist jack-up drilling rig.At its 100%-operated B5/27 license, Valeura conducted drilling operations at Jasmine C…
Malaysia-based fleet owner of self-propelled accommodation workboats Keyfield International has signed a memorandum of understanding (MoU) with Indonesia’s PT Elnusa Trans Samudera (ETSA) to explore joint marine services opportunities in the oil and gas sector…
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