Reach Subsea's subsidiary OCTIO has won a multi-year geophysical monitoring frame contract with an undisclosed operator offshore Australia.OCTIO will deploy its gWatch service to deliver gravimetry and seabed subsidence measurements.'This is…
Japan's biggest oil and gas explorer Inpex Corp on Monday lifted its full-year net profit forecast by 17% as strong prices of oil and natural gas boosted its first-half earnings while a weaker yen also lent support.A rapid recovery in demand…
Indonesia's state energy company Pertamina's production of oil and gas stood at 965,000 barrels of oil equivalent per day (BOEPD), up from 850,000 BOEPD in the same period last year, the company said on Monday.Pertamina posted bigger production after boosting drilling activities…
Six South Korean companies and Malaysian state-owned energy company Petronas have agreed to work together to look at the feasibility of a cross border carbon capture and storage project in what's been called Asia’s first CCS hub project. Under a memorandum of understanding (MOU)…
Global offshore wind developer Ørsted inaugurated the Ørsted Taiwan Offshore Wind Farms Operations and Maintenance (O&M) Hub. Located at the Port of Taichung, the O&M hub is the first operations facility with green design and the largest in…
U.K.-based offshore engineering and technology company Osbit said it has completed its first project for Shimizu, following the delivery of a bespoke walk to work access system for the company’s new–build offshore jack-up vessel for offshore wind constructions…
Japanese trading houses Mitsui & Co and Mitsubishi Corp have cut the value of their stakes in the Sakhalin-2 liquefied natural gas (LNG) project in Russia by 217.7 billion yen ($1.66 billion) following Moscow's move to seize control of the project…
Australia's threat to curb exports of liquefied natural gas (LNG) in order to ensure domestic supplies is another unwelcome pressure on a tight global market for the super-chilled fuel.But it's not an immediate threat, and it may also not materialize at all…
Keppel Offshore & Marine Ltd (Keppel O&M)’s wholly-owned subsidiaries, Keppel AmFELS in the U.S. and Keppel Shipyard in Singapore, have been awarded contracts worth around S$75 million (US$54.5 million) for the refurbishment and completion of two floating production units (FPU)…
China's CNOOC Ltd has tapped commercial flows of oil and gas from a shale exploration well in the South China Sea, marking the first successfully drilled shale oil well offshore China, state media reported on Thursday.Exploration well Weiye-1…
The Formosa 2 offshore wind project in Taiwan has reached two important construction milestones: the installation of 12 turbines and the successful transmission of power to the national grid.Once fully completed, the project will have 47 8 MW…
Woodside Energy Group on Friday said a cut in its production outlook, which had rattled investors on Thursday, was due to a change in conversion factors and did not reflect any change in physical product volumes.Woodside's shares fell 4% on Thursday after it said its full year output…
Malaysia's state energy firm Petronas is forecast to contribute to government coffers as much as 59 billion ringgit ($13.25 billion) this year, a cabinet minister said in a statement to parliament published Friday.Petronas contributions are a significant source of revenue for the federal government…
Chinese companies CMIC and CTW (Tianjin) Offshore Engineering (CTW) on July 18 signed an agreement for strategic cooperation and supply of four liftboat jacking systems to CTW.'The strategic cooperation framework provides the basis of cooperation for the construction of liftboats…
Japanese oil and gas company Inpex said Friday it had signed a statement of commitment to a net zero emissions future with the government of Australia’s Northern Territory, where the Ichthys LNG Project’s onshore gas liquefaction plant is located…
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