Singapore-based Seatrium has secured a series of major contracts for vessel repairs, upgrades and conversions, set for completion by the end of 2025.With an aggregate value of S$350 million ($259 million), the contracts have reinforced Seatrium’s…
South Korea has awarded Germany’s top utility RWE a 495 MW Electricity Business License (EBL) to develop the Seohae offshore wind project, off the coast of Taean County in South Korea’s Chungcheongnam Province.The license, awarded by the Ministry of Trade…
The operator of Kazakhstan's giant offshore Kashagan oilfield denied reports of an oil spill near the field and said on Tuesday its facilities were working normally.Globus, an ecological organization in the Central Asian nation, said earlier…
Singapore-based oil and gas module construction company Dyna-Mac has increasing order book to a record $664 million, with the main new contract related to the construction of process modules for an unnamed client.The several contracts Dyna-Mac…
Marine seismic data company TGS, together with joint venture consortium partners PGS and SLB, has kicked off a multi-client 3D seismic project in the Penyu Basin, offshore Peninsular Malaysia.The project aims to provide insights on the exploration…
An ecological organization in Kazakhstan said on Tuesday that a large oil spill had been captured by satellite imagery in the northern Caspian Sea near Kazakhstan's giant Kashagan oil field.Galina Chernova of the Globus environmental organization posted on Facebook that a slick of around 7 sq km (2…
MidOcean Energy, a global liquefied natural gas (LNG) company formed and managed by EIG, has secured a strategic investment from Mitsubishi Corporation, set to accelerate its strategy to create a global ‘pure play’ integrated LNG company.The…
Malaysia’s state-owned energy company Petronas and Japan’s largest power generation company JERA have signed a joint study agreement to evaluate the feasibility of the entire carbon capture and storage (CCS) value chain between Japan and Malaysia…
Chevron has chartered its first hybrid electric bunker tanker from V-Bunkers that will be used to provide fuel to maritime customers in Singapore region.The bunker tanker is expected to consume approximately 20% less fuel compared to a conventional tanker as it goes about its operations…
Malaysia’s state-owned energy company Petronas has started the construction of its nearshore floating liquefied natural gas (FLNG) unit, set to become Malaysia’s first such facility once in operation.A steel cutting ceremony for the nearshore…
SundaGas Banda Unipessoal, a subsidiary of UK-based oil and gas company Baron Oil, has completed geophysical site surveys at the planned drilling location for the Chuditch-2 appraisal well, offshore Timor-Leste, and is planning to start a new one next month…
Japanese trading house Mitsui & Co said on Friday it has reached a final investment decision to develop Vietnam's Block B gas field, with its share of development cost of about $740 million.The project, 330 km (205 miles) off southwest Vietnam…
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…
Abu Dhabi's national oil firm ADNOC has announced the start of crude oil production from its Belbazem offshore block, operated by Al Yasat Petroleum, a joint venture between ADNOC and China National Petroleum Corporation (CNPC).Located 120 kilometers northwest of Abu Dhabi city…
LOTOS Petrobaltic, an ORLEN Group company, signed a contract for the construction of a Crew Transfer Vessel (CTV) with Singapore-based Strategic Marine, set for service in the Polish offshore wind market.The StratCat 27 CTV is scheduled to be completed this summer…