Aker Offshore Wind and Mainstream Renewable Power have closed the transaction which will see them take an initial 50 percent ownership stake in Progression Energy's 800 MW floating offshore wind project in Japan.The news comes after the two…
Malaysian oil and gas company Petronas Carigali, a subsidiary of Petronas, has awarded a two-year contract to Velesto Energy's subsidiary Velesto Drilling for the provision of jack-up drilling rigs.The contract, which covers a suite of Velesto's NAGA jack-up rigs…
Asia-first newbuild Service Operation Vessel for the offshore wind industry was delivered earlier this week at the VARD Vung Tau shipyard in Vietnam. The Taiwan-flagged SOV has been built for owner Ta San Shang Marine Co., Ltd, a joint venture between Mitsui O…
Offshore wind is playing an important role in Europe’s shift to renewables. Australia’s excellent offshore resources now look like they are going to contribute to our own energy transition. Last week, the Victorian government announced ambitious…
Exports of Malaysia's flagship Kimanis crude oil are set to fall to six cargoes in May, down two from April, due to maintenance at oilfields offshore Sabah, a preliminary loading schedule showed on Friday.Shell, the operator of the oilfields that produce Kimanis…
Offshore services firm McDermott International said Thursday it had recently completed work under its first subsea, engineering, procurement, construction and installation (EPCI) contract with Australia's oil and gas firm Santos for the Bayu-Undan Infill Well Phase 3C Project in the Timor Sea…
MEO Group and its local joint venture partner, Uniwise Offshore Ltd, won a three-year contract for five Anchor Handling Tug Supply vessels (AHTS) by an E&P company in Thailand. The five vessels -- MEO Monarch 1, MEO Monarch 2, Uniwise Advantage…
U.S.-based offshore support vessel owner Tidewater said Wednesday it had agreed to acquire Swire Pacific Offshore Holdings Limited (SPO), a subsidiary of Swire Pacific Limited for around $190 million. Tidewater said the transaction would create…
Malaysian offshore services company Perdana Petroleum has secured contracts for three Anchor Handling Tug and Supply vessels with Petronas Carigali.Perdana Nautika will provide the three AHTS vessels with crews and equipment to perform 24-hour services for assisting and/or servicing drilling rigs…
Japanese industry minister Koichi Hagiuda said on Tuesday that the Sakhalin energy projects 'will effectively freeze' given the exit of Western stakeholders and that Japan would therefore wait to see how the situation plays out to make any decision…
Empyrean Energy, a company gearing up to start drilling at its Jade prospect, offshore China, said Monday that China Oilfield Services Limited ('COSL') had successfully completed the well site survey required over the Jade Prospect drilling location…
Chinese refiners are paying for Russian crude oil using cash transfers to maintain imports from Russia’s Fast East, as banks shy away from financing the oil because of sanctions, sources with knowledge of the matter said.Global oil prices have…
Bursa Malaysia-listed marine oilfield services provider Coastal Contracts has agreed to sell three of its vessels for RM109.7 million (around $26.2 million).The company, based in Sabah, Malaysia, said earlier this week that its subsidiaries…
Australia's Victoria state on Friday set targets of at least 2 gigawatts (GW) of offshore wind power by 2032, and 9 GW by 2040, setting up ambitious goals to help fill a gap in power supply as coal-fired plants shut down.Australia, heavily dependent on coal-fired power…
Korea Floating Wind ('KF Wind'), a joint venture between Ocean Winds and Aker Offshore Wind, has received its second Electric Business License (EBL) from South Korea's government for a capacity of 450 MW, 'Obtaining the second EBL represents…
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