Malaysia's state energy firm Petroliam Nasional Bhd said on Tuesday its third-quarter profit nearly halved due to lower demand and impairment charges, and warned of further risks to demand.Profit for the July-September period at Petronas, as the company is better known…
Marine seismic company Polarcus said it has been awarded an XArray marine seismic acquisition project in Malaysia commencing late December 2019 with a duration of approximately four months.Following this award, the Polarcus core fleet is fully booked to early second quarter 2020, the company said.
Norway-based international subsea operating company DOF Subsea announced several contract-awards in the Asia Pacific region, securing 130 days vessel and resource utilization into the first quarter of 2020. The contracts, for undisclosed clients in New Zealand and South East Asia…
Malaysia's state of Sarawak filed a writ summons and statement of claim against national energy firm Petroliam Nasional Bhd on Thursday to recover taxes owed, according to media reports.National news agency Bernama reported that the company…
The Thunder Cranes Group said it has secured a contract to support Chevron on a three-year plug and abandonment project in the Gulf of Thailand that will include some 3,000 wells.The multimillion-dollar contract will see Thunder Cranes add a further three brand new TC90XL cranes to its fleet…
Australia's Woodside Petroleum on Tuesday laid out plans to triple its gas and oil reserve base as it pursues projects worth over $36 billion in Australia, Senegal and Myanmar.Success in those projects would result in its reserve base reaching 3…
Wintermar announced on Monday it has secured contracts for two platform supply vessels (PSVs) to a major oil and gas company for a total of seven years including options.The PSVs will provide deck and cargo supply runs to support the drilling operations in Eastern Indonesia…
China's state planner expects this winter's energy supply and demand to be generally balanced amid increasing natural gas output and liquefied natural gas (LNG) imports, state news agency Xinhua reported on Tuesday.Citing unidentified officials…
International energy firms will be invited to participate in India's privatization of state-owned oil companies, the country's Oil Minister Dharmendra Pradhan said late on Monday.Pradhan said Indian Prime Minister Narendra Modi recently met with the chief executives of energy firms in Houston…
Offshore project sanctions in Southeast Asia could lift greenfield investments in the oilfield services market by nearly 70 percent in 2020, said Rystad Energy.According to Norwegian energy research firm, the growth will be driven by a handful of new mega-projects across Malaysia…
BMT has delivered a Mooring Line Monitoring (MLM) system to London Marine Consultants (LMC) for the Helang floating production,s storage and offloading unit (FPSO) project on the JX Nippon-operated Layang gas/condensate field offshore Sarawak…
Seaway 7, Subsea 7's renewables and heavy lifting business unit, has won a contract from Jan de Nul for the Formosa 2 Offshore Wind Farm project in Taiwan.The contract scope includes the transportation, pre-piling and installation of 47 jacket foundations for wind turbines…
Total said it has signed an agreement to sell wholly owned subsidiary Total E&P Deep Offshore Borneo BV — which holds an 86.95% interest in Block CA1, located 100 kilometers off the coast of Brunei — to Shell for $300 million.“This transaction…
On September 29, a delivery ceremony for a new 3D geophysical seismic survey vessel was held at the port of Tokyo and attended by NYK chairman Tadaki Naito.The new vessel, Tansa, will be operated by Ocean Geo-Frontier Co. Ltd (OGF), a company jointly owned by NYK and others…
Jim Stuart, SVP Digital at Lloyd’s Register, outlines current and future challenges for asset owners and operators in the energy and marine industries across Asia-Pacific (APAC) and how technology will change the way knowledge is captured, stored and used across organizations for the better…
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