A keel-laying ceremony was held for two Ulstein-designed offshore wind service operation vessels (SOV) on Wednesday at the ZPMC yard.Shanghai Electric, a Chinese wind turbine manufacturer, ordered the two vessels of the Ulstein SX195 and SX197 designs…
Malaysia's state energy firm Petroliam Nasional Berhad, or Petronas, on Wednesday posted a near doubling of its third quarter profit and warned of continuing volatility in oil and gas prices. The company reported a profit of 30.8 billion ringgit in the July-September period…
The board of Abu Dhabi's ADNOC has endorsed plans to bring forward the company's five million barrel per day oil production capacity expansion to 2027, the company said in a statement on Monday. ADNOC's gas processing and LNG businesses will be consolidated to create ADNOC Gas…
Malaysian state oil firm Petronas said on Tuesday it had decided to develop the Kasawari carbon sequestration project in offshore Sarawak as part of the final investment decision (FID) on the venture. Petronas said the project - located in Block SK316 off Bintulu town - is expected to reduce 3…
Chinese oil and gas major CNOOC has sounded out potential buyers of its interests in U.S. oilfields, two sources said, stepping up its retreat from Western nations amid sanctions concerns and calls for domestic investment. Reuters reported in…
Indonesia's energy ministry launched a bidding round on four oil and gas blocks on Wednesday, as the country seek more investments in its upstream oil and gas sector, the ministry said in a statement.Southeast Asia's biggest economy set a target…
Pertamina International Shipping, a unit of Indonesia's state energy firm, aims to invest up to $3 billion over the next five years to rejuvenate and expand its fleet, including investing in vessels to transport liquefied natural gas, an executive said…
QatarEnergy has signed a 27-year deal to supply China's Sinopec with liquefied natural gas (LNG), the longest such LNG agreement so far as volatile markets drive buyers to seek long-term deals. Following Russia's invasion of Ukraine in February…
Singapore-based offshore support vessel owner Vallianz Holdings is working to speed up the digitalization of its fleet of offshore support vessels (OSV) with a comprehensive package of connectivity services from Inmarsat.According to Inmarsat…
Malaysian state oil and gas company Petronas has expressed interest in participating in Indonesia's takeover of Shell's stake in the Abadi LNG project, Indonesia's upstream oil and gas regulator told a parliamentary hearing on Wednesday.The…
The European Union supports a call by India to phase down fossil fuel use as part of a COP27 deal, the bloc's climate policy chief Frans Timmermans said on Tuesday, provided it does not weaken previous agreements on reducing the use of coal…
India's Prime Minister Narendra Modi has inaugurated ONGC's U-field Onshore facilities of the KG-DWN-98/2 deepwater block, situated in Odalarevu, Andhra Pradesh, India.The event, in which the Prime Minister dedicated the onshore facilities to the nation…
State-owned Japan Oil, Gas and Metals National Corp (JOGMEC) said on Monday it has been renamed Japan Organization for Metals and Energy Security and will provide equity investment to back the production and storage of hydrogen and ammonia. The…
U.S. oil company ConocoPhillips and China's CNOOC have recently announced the start of the Penglai offshore wind farm pilot project, aimed at harnessing wind power to supply power to the Penglai oil field. This is China’s largest offshore oil…
Indonesia's state-owned energy firm Pertamina will explore the development of green hydrogen and ammonia projects in the country, along with Singapore-based Keppel Infrastructure and global oil major Chevron as part of a joint study agreement signed on Thursday…
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