Japanese officials are working on ways to get around restrictions on releasing national reserves of crude oil in tandem with other major economies to dampen prices, four government sources with knowledge of the plans told Reuters.While Prime…
LS Cable & System and Jan De Nul Group on Monday announced the completion of the construction of the first batch of subsea power cables in South Korea for TenneT’s offshore projects Hollandse Kust (noord) and (west Alpha) in the Netherlands…
Singapore's Keppel Offshore & Marine has secured a contract from an undisclosed renewable energy company to build two offshore substation topsides (OSS) worth around S$110 million (around 73,4 million U.S. dollars).Keppel O&M, through its subsidiary Keppel Fels…
Pharos Energy plc, an oil and gas exploration and production company, with an interest in the TGT field offshore Vietnam, has completed the first phase of the infill development drilling program at the field, however, it has also experienced a setback with an FPSO compressor…
The world's biggest economies said on Thursday they were looking into releasing oil from their strategic reserves, following a rare request from the United States for a coordinated move to cool global energy prices.The U.S. move reflects frustration…
Swire Projects, a Swire Shipping division formed last year to provide specialist shipping services to the energy, renewable, and infrastructure sectors, has agreed to charter six multipurpose heavy-lift vessels.The company said Thursday it had…
Malaysian offshore services provider Tanjung Offshore, a subsidiary of T7 Group, has secured two contracts worth a combined value of about RM150 million (around $35,9 million), with oil firms Petronas and PTTEP.For Malaysia's Petronas Carigali…
Norway-based offshore seismic services firm SeaBird Exploration has received a letter of intent for an extension of the ongoing 2D survey in the Asia Pacific region. 'The extension comes on the heels of strong productivity and is a direct continuation…
An oil pipeline in southern Iran exploded on Wednesday, Iran's state TV reported on Wednesday, citing aging infrastructure as the reason for the blast.'This accident did not lead to any casualties,' a local official from the oil-rich province of Khuzestan told state media…
Norway's Equinor said on Wednesday it has signed an agreement with Korean East-West Power (EWP) to cooperate on offshore wind projects in South Korea.The memorandum of understanding with state-owned EWP covers wind turbine projects with a capacity of 3 gigawatts (GW)…
Empyrean, an oil and gas firm preparing to drill its 'world-class' Jade prospect offshore China, has executed the final integrated drilling contract with the Chinese offshore drilling company COSL.The parties had previously agreed on technical…
Mainstream Renewable Power has received a Decision on Investment and an Investment Registration Certification (IRC) from the provincial government of Soc Trang in Vietnam for a 200 MW phase of a 1.4 GW offshore wind project.The project is anticipated to reach a financial close in 2022…
Australian offshore services firm MMA Offshore has acquired 49.9% of the shares in the Taiwanese survey company Global Aqua Survey Ltd to form a new joint venture, the MMA Global Aqua JV, which will target the quickly growing offshore wind sector in Taiwan…
India's petroleum ministry has asked state-run explorer Oil and Natural Gas Corp to consider selling a 60% stake in its two major oil and gas fields to private companies to boost output, a government source said on Thursday.India, the world's third-biggest oil consumer and importer…
Oil services firm Serba Dinamik Holdings said on Wednesday that it filed a lawsuit against EY Consulting, seeking to restrain the audit firm from releasing any findings or report on the group.In a stock exchange filing, Serba said it filed an…
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