Oil Search Ltd said on Monday it plans to write off around $380 million, mostly on some exploration assets and a gas-to-power project in Papua New Guinea, due to the outlook for oil and gas prices and the shut down of a gold mine.The Papua New…
Polarcus has won a contract with Eni for a survey in the Asia Pacific.The Oslo-listed marine seismic services provider said the contract was for an expected minimum duration of one month.'The project is scheduled to commence in Q1 2021, subject to relevant approvals…
Malaysian FPSO specialist Yinson has welcomed another Japanese investor to its Marlim 2 FPSO project. Yinson is building the Anna Nery FPSO (conversion from Falcon VLCC) to be deployed at Petrobras Marlim II project offshore Rio de Janeiro, under a 25-year lease contract…
UK-based engineering and construction services firm Petrofac has won secured an Engineering, Procurement, Construction, Pre-commissioning and Commissioning (EPCC) contract in Kazakhstan.The contract is worth about US$135 million for new water…
Japan will craft new rules and support infrastructure in a drive that aims to build offshore wind farms at 30 sites during the next decade, the Nikkei business daily said on Thursday.Industry Minister Hiroshi Kajiyama is expected to announce policy measures soon to target the goal…
Vietnam's state oil firm PetroVietnam is seeking to venture into renewable energy sources like wind farms and floating solar panels, as domestic crude oil production has peaked at most of its offshore oil fields.The company, formally known as Vietnam Oil and Gas Group…
Top Chinese energy firms have mandated investment banks Morgan Stanley and Goldman Sachs to act as advisors for multi-billion dollar deals transferring key oil and gas pipeline assets into a national energy infrastructure giant, four sources said…
Classification and consultancy company ABS has provided a remote survey for steel certification at a steel mill, enabling Lamprell to continue work on jack-up drilling rigs, despite COVID-19 restrictions.Lamprell ordered 8855 MT of steel for…
Malaysian offshore services provider Icon Offshore is looking to buy the Perisai Pacific 101 offshore drilling rig from Perisai Petroleum Teknologi.Icon Offshore said Monday it was in negotiations with Perisai and its subsidiaries in relation…
The U.S.-based offshore support vessel company Seacor Marine has completed the acquisition of the remaining 50 percent stake in Seacosco from affiliates of China's Cosco Shipping Group.Seacor Marine will consolidate the operating results of…
Gulf Energy Development Pcl said on Tuesday it acquired a 50% stake in a German offshore wind farm for about 558 million euros ($631.10 million) in the latest overseas investment by Thailand's second-largest power producer.Gulf Energy said acquiring…
Swiss-based technology giant ABB will provide electrical, control, and telecommunication solutions for Malaysia-based Yinson's new FPSO - Anna Nery. Once delivered, the FPSO will be deployed at Petrobras' Marlim 2 oil field offshore Brazil.'Leveraging…
Offshore wind turbine installation company Fred. Olsen Windcarrier back in March said it had struck a deal to equip one of its jack-up installation vessels with a 1600t crane for next-gen offshore wind turbines. While the company at the time…
Japan's industry ministry said on Friday it has identified 10 areas as potentially suitable for development of offshore wind farms, four of which were designated 'promising areas', as it started a second round of the process to select operators…
South East Asia focused oil and gas company Jadestone Energy has started arbitration against Inpex's subsidiary Teikoku over Jadestone’s acquisition of an interest in Blocks 05-1 b and c, offshore Vietnam.Jadestone in August 2016 signed an agreement…