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Asian Floating Production

 

Yinson Production Closes $1B Investment to Drive Further Growth

Jun 17, 2025

Malaysian FPSO leasing firm Yinson Production has closed of the previously announced $1 billion investment from a consortium of global investor to further drive its business growth.The funding was secured through a wholly owned subsidiary of the Abu Dhabi Investment Authority (ADIA), and funds managed by British Columbia Investment Management Corporation (BCI), and RRJ Group (RRJ).The successful closing of the transaction follows the signing of a definitive agreement on January 14…

Thailand's PTT to Buy LNG from Glenfarne's Alaska LNG Project

Jun 24, 2025

Thai state-owned oil and gas giant PTT Group signed an agreement to procure 2 million metric tons of liquefied natural gas per annum from Glenfarne's Alaska LNG project over a 20-year term, Glenfarne said late on Monday.PTT said it was further…

Yinson Production, “K” LINE Target Europe's CCS with FSIU and LCO2 Solutions

Jun 18, 2025

Yinson Production and “K' Line Energy Shipping (UK) (KLES), a London-based subsidiary of Kawasaki Kisen Kaisha ('K' LINE), have entered into an agreement to jointly develop and market solutions for the transportation and injection of liquefied CO2…

Fugro Expands Geotechnical Testing Capabilities in Indonesia

Jun 11, 2025

Fugro has opened a new geotechnical testing laboratory in Jakarta, Indonesia, enhancing its regional capabilities for energy and infrastructure projects.The new facility will increase Fugro’s lab capacity in Asia Pacific by 20% and cut testing turnaround times by 30%…

UK Firm Secures Exploration Extension for Two Blocks off Vietnam

Jun 10, 2025

U.K.-based Pharos Energy, an independent energy company with assets in Vietnam and Egypt, has secured two-year extension of the exploration period for two blocks located in moderate to deep waters offshore Vietnam.The approval has been received…

Fugro Lands Deepwater Gas Field Job in Southeast Asia

Jun 02, 2025

Fugro has signed a letter of award to perform a site characterization program for a deepwater gas field development in Southeast Asia.The contract award represents the largest geotechnical and geophysical survey project for Fugro in the Asia Pacific region to date…

OMV Exits Ghasha Gas Project off UAE with Lukoil Stake Sale

May 30, 2025

Austrian oil and gas firm OMV has signed an agreement with Lukoil Gulf Upstream, a subsidiary of Russia’s Lukoil, to divest its stake in a sour gas development offshore the United Arab Emirates (UAE).OMV has agreed the sale of 5% stake in the…

Indonesia Green Lights Eni Gas Projects

Aug 23, 2024

Indonesia has approved a development plan for the first phase of the Geng North gas field operated by Italy's Eni in the Makassar Strait, the upstream oil and gas regulator SKK Migas said in a statement on Friday.The approval also covered the development of the nearby Gehem field…

MOL Increases Stake in MODEC

Aug 20, 2024

Mitsui O.S.K. Lines, Ltd. completed the purchase on the market of 89,500 shares of common stock of MODEC, Inc. and along with the 10,162,300 shares already acquired in June 2023, MOL now holds a 15% stake in MODEC and will make it an equity-method affiliate…

PTTEP Hires McDermott for Gas Job Offshore Malaysia

Mar 27, 2024

McDermott has been awarded a ‘sizeable’ offshore transportation, installation and commissioning contract from PTTEP Sabah Oil Limited (PTTEP) for the Kikeh subsea gas lift project, offshore Sabah in East Malaysia.Under the scope of the contract…

Brand New FPSO for Mero Oil and Gas Field Heads to Brazil

Feb 27, 2024

The floating production storage and offloading (FPSO) unit Marechal Duque De Caxias has set sail from China to its deployment site at Mero field, in Santos Basin, offshore Brazil.The Marechal Duque De Caxias FPSO set sail from China on February 24…

Three Questions: Matt Tremblay, VP, Global Offshore Markets, ABS

Feb 23, 2024

The American Bureau of Shipping dominates the global market in the classification of Floating Production. Offshore Engineer recently sat with Matt Tremblay, ABS’ Vice President of Global Offshore Markets, at American Bureau of Shipping HQ in…

Floating Production – A Growing Segment in Transition

Feb 22, 2024

The specialized deepwater oil & gas and floating offshore wind segments will share many of the same stakeholders and supply chains, competing for increasingly scarce resources.To receive a full version of Inteletus analysis, click hereThe established…

MODEC Teams Up with Terra Drone for FPSO Inspections

Nov 21, 2023

FPSO leasing specialist firm MODEC and drone firm Terra Drone have signed a Memorandum of Understanding for the technical development of inspection drones for floating production, storage, and offloading systems.'MODEC's FPSOs ensure their integrity…

Barossa Project: BW Offshore's Massive FPSO Hull Sets Sail for Singapore

Nov 09, 2023

FPSO leasing company BW Offshore said Thursday that the hull of BW Opal, one of the largest FPSO hulls ever built and destined for Santos' Barossa gas project in Australia, had set sail from a yard in South Korea and was en route to Singapore for topside integration…

Current News

PTTEP Hires Velesto’s Jack-Up Rig for Drilling Campaign off Malaysia

PTTEP Hires Velesto’s Jack-Up Rig for Drilling Campaign off Malaysia

Yinson Production Secures $1.17B Refinancing for FPSO Maria Quitéria

Yinson Production Secures $1.17B Refinancing for FPSO Maria Quitéria

Centrica and Thailand’s PTT Ink Long-Term LNG Supply Deal

Centrica and Thailand’s PTT Ink Long-Term LNG Supply Deal

Petrovietnam, Partners Sign PSC for Block Off Vietnam

Petrovietnam, Partners Sign PSC for Block Off Vietnam

Japan Protests China’s New Oil and Gas Construction Activities in East China Sea

Japan Protests China’s New Oil and Gas Construction Activities in East China Sea

CNOOC Signs Hydrocarbons Exploration and Production Deal with Kazakhstan

CNOOC Signs Hydrocarbons Exploration and Production Deal with Kazakhstan

Thailand's PTT to Buy LNG from Glenfarne's Alaska LNG Project

Thailand's PTT to Buy LNG from Glenfarne's Alaska LNG Project

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