KrisEnergy, an oil and gas company focused on Southeast Asia, said Friday it had filed a winding-up petition and that it would proceed to liquidation due to its inability to pay debts.KrisEnergy warned about this outcome back on March 31 when it said that the production from the Apsara field…
Malaysian oil and gas company Hibiscus Petroleum has confirmed it has agreed to buy Repsol’s interest in oil and gas assets in Malaysia and Vietnam for $212.5 million.The announcement comes after Repsol earlier this week announced the sale to Hibiscus…
McDermott International has this week said it has completed work on Reliance Industries Limited KG-D6 Satellite Cluster Project, off the east coast of India, dubbing the project a historic one, involving 'many firsts.''McDermott's work on the…
Oilfield services and technology company Schlumberger has announced an enterprise-scale deployment of advanced digital solutions for the Malaysian oil and gas giant Petronas, to speed up the oil firm's field development planning.According to Schlumberger…
Spanish oil company Repsol is set to sell its oil and gas exploration and production assets in Malaysia and in Block 46 CN in Vietnam to Malaysia-based Hibiscus Petroleum for an undisclosed fee.Repsol said that the sale of its upstream assets…
Malaysian oil and gas company Petronas on Tuesday confirmed the contract award to TechnipFMC for the engineering, procurement, construction, installation, and commissioning for a subsea production system, umbilical, riser, and flowline (SURF) for its Limbayong deepwater development…
Petronas's first-quarter profit more than doubled on the back of recovering commodity prices, but the Malaysian state oil firm cautioned demand prospects hinged on vaccines preventing a resurgence of the COVID-19 pandemic.Petronas said on Monday it made a post-tax profit of 9…
Energy giant TotalEnergies said on Friday it had gone as far as it could for now to limit the revenues going to the military junta in Myanmar while staying within a legal framework and assuring power supplies.Total and U.S. energy company Chevron…
Japanese refiners will need at least three months to resume Iranian oil imports even if Tehran's nuclear talks with world powers lead to an agreement and a lifting of sanctions, the head of the Petroleum Association of Japan (PAJ) said on Thursday…
Bursa Malaysia-listed offshore vessel owner Icon Offshore has secured a contract extension for its vessel Icon Kayra with Zell Transportation.The fixed contract portion for the offshore services vessel is for 17.5 months. ZT will have further options yearly extension options for four years…
Offshore wind installation company Fred. Olsen Windcarrier (FOWIC) said Friday it had over the previous two months signed three new turbine transport and installation contracts with a combined value of up to 124 million euros ($151 million)…
Liquefied natural gas (LNG) demand growth in Asia will slow down next year as the economic recovery stagnates and the capacity of competing fuels nuclear and coal expand in Japan and South Korea, research consultancy Wood Mackenzie said on Thursday…
Denmark-based offshore wind developer Ørsted has signed a memorandum of understanding with South Korea's Posco to collaborate in the space of offshore wind and renewable hydrogen.Under the agreement, Posco will support the development of Ørsted's 1…
Floatel International, a company providing offshore accommodation services to the international oil and gas industry, has won its first offshore wind assignment.'The company is proud and honored to announce that the Group has been awarded its first offshore wind farm contract…
French oil and gas group Total and U.S. energy company Chevron have suspended some payments from a gas joint venture that would have reached Myanmar's junta, earning praise from pro-democracy activists for taking an important first step.International…