Floating wind foundation maker BW Ideol has partnered up with Japanese electric utility Tohoku Electric Power to conduct feasibility studies necessary to jointly develop a commercial-scale floating offshore wind farm off the coast of Kuji city…
Japan's biggest oil and gas explorer Inpex Corp raised its net profit forecast for 2022 by 20% to a record 300 billion yen ($2.3 billion) thanks to higher-than-expected oil prices and a lower yen against the U.S. dollar.Its annual net profit…
SapuraOMV has started drilling at the Kanga-1 well in the WA-412-P offshore license in Western Australia, Finder Energy, a partner in the project said Tuesday.The well is located in the Dampier Sub-basin, around 20 km east of the Mutineer/Exeter and Fletcher/Finucane oil fields…
Australian oil and gas company Western Gas, gearing up to start drilling at its promising Sasanof-1 prospect off W. Australia, has said that the mobilization of equipment to the Valaris MS-1 semisubmersible drilling rig has now started in preparation…
Japanese offshore drilling company Japan Drilling Co., Ltd. (JDC) has secured a contract for its Hakuryu-5 semi-submersible drilling rig in Malaysia.The offshore drilling contract, with Petronas Carigali, was secured through its agent in Malaysia…
Japanese trading house Marubeni Corp said on Friday it had cut its exposure to Russia by 12.6 billion yen ($97 million) in the year just ended, mainly by writing down its stake in the country's Sakhalin-1 oil project.Its net exposure to Russia…
Japanese oil and gas company INPEX has started exploratory drilling operations offshore Japan.The company said that the drilling had started offshore Shimane and Yamaguchi prefectures in Japan on May 5, 2022.The project involves conducting exploratory…
Norwegian subsea services DOF Subsea has won a contract extension for its Skandi Africa subsea construction vessel.The new commitment will now run until February 2024 and will start in direct continuation with the current contract. DOF Subsea did not say who the client was…
Oil and gas company SapuraOMV is set to start drilling the Kanga-1 well offshore Western Australia in a few days, ASX-listed oil and gas company Finder Energy, a partner in the project, said Thursday.Finder said that the Diamond Offshore Ocean…
India plans to set up 30,000 megawatts (MW) of offshore wind power capacity alongside 50,000 MW of solar capacity, the country's power minister said on Tuesday.'India has focused programs for capacity addition and accelerating the energy transition…
Danish offshore wind developer Ørsted is planning what it says is a world-first attempt to support coral reefs by growing corals on offshore wind turbine foundations in Taiwan.The company will test the concept in the tropical waters of Taiwan this summer…
East Timor's national oil company wants to start producing natural gas from its Greater Sunrise fields by 2028 or 2030, the company's head said on Tuesday in Houston, hoping to develop the offshore project that has been stuck in limbo for decades…
ASX-listed SRJ Technologies Group plc in December last year struck a deal to buy the UK-based oilfield services firm STATS. However, STATS said Monday that the deal had fallen through over SRJ's inability to raise funds for the deal.'[STATS…
Rawabi Vallianz Offshore Services (RVOS) has chosen to outfit its entire fleet of vessels with the Fueltrax Electronic Fuel Management System (EFMS) to ensure accurate fuel usage transparency and emissions tracking.RVOS, a JV between Rawabi Holding…
U.S. Gulf of Mexico focused oil and gas company W&T Offshore has signed a Memorandum of Understanding (“MOU”) with Korea National Oil Corporation (“KNOC”) to jointly consider and pursue various opportunities in upstream oil and gas as well as…
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