Shell announced a second investment in Malaysia's oil and gas sector in a month as the major and its partners, including Petronas, aim to revive output in an environment of tight global supply.Shell's decisions come after the war in Ukraine disrupted Russian oil and gas supplies and boosted prices…
Akastor's subsidiary DDW Offshore has won a one-year contract with Petrofac for the AHTS vessel Skandi Atlantic. The AHTS will support the disconnection of the FPSO 'Northern Endeavour' together with towing and well isolations work in the Laminaria Corallina oil fields in the West Timor Sea…
Asia Pacific-focused oil and gas company Jadestone Energy has yet to restart production from its Montara Venture FPSO, off Australia, following a shutdown in August. The company said Monday it was 'not in a position to provide guidance on a possible Montara production restart date…
The market for floating production systems is booming, according to World Energy Reports' (WER) latest assessment of activity and developments in the offshore oil and gas market.“Business conditions and market sentiment in the deepwater sector have seldom been so positive…
Shell and unions representing workers at its Prelude floating liquefied natural gas (FLNG) facility have reached a wage deal to end a long-running strike and restart production at the site off northwest Australia, they said on Wednesday.Shell shut the 3…
Unions at Shell Plc's Prelude floating liquefied natural gas (FLNG) site off Australia have extended industrial action to Sept. 1 over a long-running pay dispute, the company said on Thursday. Shell shut down the 3.6-million-tonne-a-year site…
Asia Pacific-focused oil and gas company Jadestone has decided to shut production from its Montara field FPSO in the Timor Sea, off Australia, to allow for repairs on a tank that leaked oil back in June through a 30-millimeter crack.While the…
Japanese oil and gas company INPEX has filed a $970 million claim against South Korean shipbuilder Daewoo Shipbuilding Marine & Engineering, seeking compensation for alleged delays and construction issues related to a 2012 FPSO order.DSME said…
FPSO leasing specialist MODEC and Toyo Engineering Corporation have executed a deal to form a joint venture company for the Engineering, Procurement, Construction and Installation (EPCI) business of FPSO vessels. The establishment of the joint venture company…
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)…
Oil spilled last week at Jadestone's Montara field offshore Australia, during crude oil transfer between two crude oil tanks onboard the Montara Venture FPSO, forcing the company to shut down production from the offshore fied.'During the transfer…
The Australian Conservation Foundation said it has asked the Federal Court to stop Woodside Energy Group from working on the $5.7 billion [for the offshore component only] Scarborough gas project until an assessment is made about its potential impact on the Great Barrier Reef…
A group of Indigenous Australians has filed a lawsuit seeking to stop Santos Ltd from developing a $3.6 billion gas project off northern Australia, saying they were not consulted about the drilling.Traditional land owners from the Tiwi Islands…
FPSO leasing company BW Offshore has completed the sale of the FPSO BW Joko Tole.The FPSO was sold to PT Bahari Inti Tanker and PT Cahaya Haluan Pasifik, both of which are Indonesian companies, in consortium with PT Buana Lintas Lautan Tbk, a company publicly listed in Indonesia…
Korea Shipbuilding & Offshore Engineering (KSOE) has mostly filled its order book for the next 2-1/2 years as the pandemic drove demand for container ships, leaving little room to meet the needs of the liquefied natural gas (LNG) sector, a senior company executive said…
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