Offshore Asia News

 

Sangomar FPSO Gears Up for Topside Integration as Construction Phase Completed

Nov 29, 2022

Australian oil and gas company Woodside on Tuesday announced the completion of the construction phase for the floating production storage and offloading (FPSO) facility which will be deployed at the Sangomar field offshore Senegal. This will be Senegal's first offshore oil production unit.MODEC, Inc. was awarded the contract to supply the FPSO by Woodside in 2020. Hull and marine works, external turret and topsides module installation…

Philippines Must Find Way to Exploit South China Sea Resources, says President Marcos

14 hours ago

The Philippines must find a way to explore for oil and gas in the South China Sea even without a deal with China, President Ferdinand Marcos Jr said on Thursday, emphasizing his country's right to exploit energy reserves in the contested waterway…

MMA Offshore Sells Batam Shipyard

17 hours ago

Australian offshore vessel operator MMA Offshore has completed the sale of its shipyard in Batam, Indonesia.The planned sale was first announced back in May when MMA Offshore said it would sell its shipyard facility to Wasco Engineering Group…

Valeura Energy Books Tanker for Gulf of Thailand Oil Field

17 hours ago

Oil and gas company Valeura Energy has entered into a definitive agreement with PT Samudra Alam Transport to charter the MT Vula crude oil tanker to store oil produced from the Wassana oil field, offshore in the Gulf of Thailand.In Q2 2022,…

Keel Laying Ceremony Held for Two Shanghai Electric SOVs

Nov 30, 2022

A keel-laying ceremony was held for two Ulstein-designed offshore wind service operation vessels (SOV) on Wednesday at the ZPMC yard.Shanghai Electric, a Chinese wind turbine manufacturer, ordered the two vessels of the Ulstein SX195 and SX197 designs…

Malaysia's Petronas Posts Q3 Profit, Warns of Continuing Market Volatility

Nov 30, 2022

Malaysia's state energy firm Petroliam Nasional Berhad, or Petronas, on Wednesday posted a near doubling of its third quarter profit and warned of continuing volatility in oil and gas prices. The company reported a profit of 30.8 billion ringgit in the July-September period…

UAE Brings Forward Oil Output Capacity Expansion to 2027

Nov 29, 2022

The board of Abu Dhabi's ADNOC has endorsed plans to bring forward the company's five million barrel per day oil production capacity expansion to 2027, the company said in a statement on Monday. ADNOC's gas processing and LNG businesses will be consolidated to create ADNOC Gas…

Shell, Hexicon JV Selects Vestas' 15MW Turbines for S. Korea Floating Wind Project

Nov 29, 2022

MunmuBaram, a joint venture between Shell and Swedish floating wind technology developer Hexicon, has named the wind turbine maker Vestas as the preferred turbine supplier for the 1.3 GW MunmuBaram floating offshore wind project in South Korea…

Malaysia's Petronas Greenlights CCS Project Offshore Sarawak

Nov 29, 2022

Malaysian state oil firm Petronas said on Tuesday it had decided to develop the Kasawari carbon sequestration project in offshore Sarawak as part of the final investment decision (FID) on the venture. Petronas said the project - located in Block SK316 off Bintulu town - is expected to reduce 3…

China's CNOOC Steps up Western Retreat with Launch of U.S. Assets Sale - sources

Nov 24, 2022

Chinese oil and gas major CNOOC has sounded out potential buyers of its interests in U.S. oilfields, two sources said, stepping up its retreat from Western nations amid sanctions concerns and calls for domestic investment. Reuters reported in…

Schottel to Propel Four China-built Wind Turbine Installation Vessels

Nov 24, 2022

Schottel azimuth thrusters will propel four newly built wind turbine installation vessels (WTIVs) for Ouyang Offshore in Shanghai.The first vessel will be delivered in the fourth quarter of 2022, and these vessels will be able to install giant 16 MW wind turbines…

Indonesia Offers Four Oil & Gas Blocks in Bidding Round

Nov 23, 2022

Indonesia's energy ministry launched a bidding round on four oil and gas blocks on Wednesday, as the country seek more investments in its upstream oil and gas sector, the ministry said in a statement.Southeast Asia's biggest economy set a target…

Aquadrill Clinches $138M Charter for Capella Drillship

Nov 23, 2022

Aquadrill, formerly Seadrill Partners, has agreed to supply its Capella drillship for a four-well firm contract, plus two priced and three mutually agreed upon optional wells, for operations in Indonesia.The firm part of the contract is expected to have a total value of about $138 million…

BV to Certify Floating Wind Farm in S. Korea

Nov 22, 2022

Bureau Veritas, a testing, inspection, and certification company, will work with the Korean Register (KR) to certify Bada Energy's Gray Whale 3 floating offshore wind farm project in Ulsan, South Korea.Gray Whale 3 floating offshore wind farm is a product of a partnership between Corio Generation…

Qatar Pens 27-year Deal with China as LNG Competition Heats Up

Nov 21, 2022

QatarEnergy has signed a 27-year deal to supply China's Sinopec with liquefied natural gas (LNG), the longest such LNG agreement so far as volatile markets drive buyers to seek long-term deals. Following Russia's invasion of Ukraine in February…

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Philippines Must Find Way to Exploit South China Sea Resources, says President Marcos

Philippines Must Find Way to Exploit South China Sea Resources, says President Marcos

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