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…
Oslo-listed FPSO leasing firm BW Offshore said Wednesday it had received a one-year contract extension for the lease andoperation of the FPSO BW Joko Tole. BW Joko Tole is a gas-producing FPSO operating on the TSB field offshore Indonesia for Kangean Energy Indonesia…
ExxonMobil on Tuesday said it would exit Russia oil and gas operations that it has valued at more than $4 billion and halt new investment as a result of Moscow's invasion of Ukraine.The decision will see Exxon pull out of managing large oil…
Jadestone Energy said Wednesday it had resumed full production at the Montara project offshore Australia.Montara production had in recent weeks been running at reduced rates following an engine failure in the gas reinjection compressor. 'The engine has been replaced and gas lift reinstated…
Eni Vietnam B.V., a unit of Italian energy group Eni, is expected to start drilling at the Dan Tranh-1X well in Vietnam's offshore oil block 115/09 from late this month, state oil firm PetroVietnam said on Tuesday.PetroVietnam will invite Essar…
AD Ports Group today announced that it has acquired Divetech Marine Engineering Services, a UAE-based topside-subsea solutions provider that offers a range of services including installation, inspection, repair, and maintenance for ports and other maritime organizations…
Oil prices jumped on Monday as Western allies imposed more sanctions on Russia and blocked some Russian banks from a global payments system, which could cause severe disruption to its oil exports.Brent crude LCOc1 rose $4.82, or 4.9%, to $102…
A Russian-flagged crude oil tanker targeted by U.S. sanctions is heading to Malaysia, shipping data showed on Monday, amid growing international scrutiny on businesses linked to Moscow following its invasion of Ukraine.The Linda, named in a U…
Japanese construction firm Kajima Corporation and Dutch offshore installation contractor Van Oord have been selected as the preferred Balance of Plant contractors for three offshore wind projects in Japan. In December 2021 the Government of Japan selected three consortiums…
Australian oil and gas company Santos is downmanning the Noble Tom Prosser rig, used for Pavo-1 well drilling off W. Australia, due to a cyclone threat, Carnarvon Energy, Santos partner in the project said The well is being secured and the…
Sumitomo Electric, a Japanese manufacturer of electric wire and optical fiber cables, has signed a memorandum of understanding with offshore wind installation firm Seaway 7 with the intention to collaborate on offshore wind projects in Japan and the wider Asia-Pacific region…
A U.S.-sanctioned Venezuela-owned supertanker that had mechanical problems since January is transferring its 2-million-barrel cargo of heavy crude to other vessels in Asia, according to three people familiar with the matter.The very large crude…
Saudi Arabia-based oilfield services company TAQA has agreed to acquire the UK-based well completion specialist Tendeka.Tendeka specializes in offering reservoir monitoring and control, advanced lower completions, and production optimization…
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