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DOF Subsea Bags APAC Contracts

Nov 21, 2019

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…

Thunder Cranes Wins Chevron Contract

Nov 20, 2019

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…

China to Cut Renewable Power Subsidy

Nov 20, 2019

China will cut its renewable power subsidy to 5.67 billion yuan ($806.50 million) in 2020 from 8.1 billion yuan in 2019, the Ministry of Finance said on Wednesday, as the country will soon stop funding large solar power stations.Because of a decline in manufacturing costs…

CNPC's $8.5 Bln Gas Storage Project Starts Construction

Nov 20, 2019

China National Petroleum Corp's (CNPC) unit Liaohe Oilfield of CNPC kicked off construction of its gas storage group project in Panjin city in Liaoning province on Wednesday, the state-backed China News Service said.The project, jointly invested…

Asia Pacific’s Decarbonization Bill to Hit $3.5 Trillion in 2040

Nov 12, 2019

Recent research by Wood Mackenzie indicates that Asia Pacific’s decarbonization bill could hit $3.5 trillion by 2040. This includes investments in solar, wind, hydrogen, nuclear and hydro power, collectively referred to as zero-carbon energy between now and 2040…

Southeast Asia Bullish on OFS Market

Nov 11, 2019

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…

Wellpro Announces New Hires

Nov 11, 2019

Well intervention company Wellpro Group announced two new appointments as it eyes further expansion in the Eastern Hemisphere.Mark Fraser has taken up the role of Regional Manager in the Middle East, while Martin Webster has been appointed Regional Manager in Asia…

Weatherford Wins Russia Contracts

Oct 31, 2019

Oilfield services firm Weatherford announced it has signed two contracts totaling $67.4 million for drilling services with two major operators in Russia.The first contract spans two-and-a-half years. Operations began in July 2019 and will last through the end of 2022…

Into a New Era of Organizational Memory

Oct 29, 2019

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…

Russian-led Arctic Oil Project to Cost $157 Bln

Oct 28, 2019

A ambitious new Arctic oil project led by Russia's top oil producer Rosneft will require about 10 trillion roubles ($157 billion) of investment, Russia's deputy energy minister Pavel Sorokin told reporters.Vostok Oil, a joint project of Rosneft and Independent Petroleum Company (IPC)…

Searcher Completes Northern Basins Study

Oct 23, 2019

Searcher Seismic announced the expansion of its modern offshore data library with the completion of its Northern Basins Prospectivity Study in Papua New Guinea.The independent multi-client company providing seismic datasets and associated products to the global oil and gas industry…

BP Raises Asian Profile

Oct 18, 2019

BP is increasing its Asian presence with an initial agreement, or memorandum of understanding, with China's Zhejiang Petroleum and Chemical Corporation (ZPCC) to build a 1 million tonne a year acetic acid plant, BP said on Friday. The planned production site for acetic acid…

Partners Plan Floating Wind Farm in South Korea

Oct 18, 2019

Partners WindPower Korea, EDP Renewables and Aker Solutions will develop a 500 megawatt (MW) floating wind farm off the coast of Ulsan Metropolitan City in South Korea.The consortium was formed as EDP Renewables and Aker Solutions have invested…

Yantai Port to Launch LNG Storage Plants

Oct 16, 2019

China's Yantai Port Group aims to launch two jointly-owned liquefied natural gas (LNG) storage facilities by 2022 and expects government approval for them this month, two sources familiar with the matter said.Shandong province, where the Yantai port is located…

Airswift Eyes APAC Growth

Oct 10, 2019

Airswift, the global workforce solutions provider for the energy, process and infrastructure sectors, announced two senior hires to build upon recent successes in the Asia Pacific (APAC) region. Fueled by the region’s energy and infrastructure markets…

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