The Philippines' energy ministry on Tuesday defended the sale of an oil and gas concession to a firm controlled by an ally of President Rodrigo Duterte, dismissing a graft complaint that alleged preferential treatment as 'malicious'.Udenna Corp…
Indonesia has cut its oil and gas production targets for this year, officials at industry regulator SKK Migas told reporters on Tuesday, as the coronavirus pandemic impacted new projects.The oil lifting target for 2021 was cut to 665,000 barrels per day (bpd) from an earlier target of 705…
Thai-based offshore services company Mermaid Subsea Services has agreed to buy a 50% ownership share in the Millennium 3 offshore construction vessel from PT David Marine for $16 million.The Millennium 3 is a DP2 construction support vessel…
Offshore drilling firm Aquadrill - ex-Seadrill Partners - has secured a contract for its Capella drillship in Indonesia.The MPD outfitted 6th generation drillship, managed by Vantage Holdings International, will drill two wells, with an option for two more…
CIMC Offshore Engineering Institute (CIMC OEI) has signed a memorandum of understanding with wave energy technology company Eco Wave Power.CIMC OEI is an engineering company that designs and builds offshore marine structures such as offshore drilling rigs…
Xodus, a UK-based energy sector consultancy, has engaged a country manager and opened its first Asian office in Japan, eyeing work in the country's growing offshore wind industry.'Having previously delivered a range of projects in Japan, Xodus…
Asia liquefied natural gas (LNG) spot prices surged by 40% to a record high of over $56 per million British thermal units (mmBtu) on Wednesday, amid a global energy crunch and low gas inventories.Price agency S&P Global Platts' Japan-Korea-Marker (JKM)…
Malaysian oil and gas firm Petronas said Tuesday its floating LNG Unit Satu had delivered its 50th LNG cargo.'The milestone cargo was successfully loaded on September 25, 2021, onto the Seri Cemara LNG carrier operated by MISC Berhad for shipment to Taiwan…
Japanese subsea cable laying firm Kokusai Cable Ship (KCS) and the shipping giant Mitsui O.S.K. Lines (MOL) have signed an agreement to collaborate on the operation of cable-laying ships to meet the increasing demand for the installation of power cables…
Malaysian offshore drilling contractor Velesto has received a letter of award from Petronas Carigali for the jack-up drilling rig Naga 2.Under the contract worth $12,4 million, Petronas Carigali will use the Naga 2 rig to drill five wells.Petronas…
Australian vessel designer Incat Crowther said Friday China’s first purpose-built catamaran crew transfer vessel was under construction at AFAI Southern Shipyard. To be operated by Goldsea Marine & Offshore Engineering (Shanghai) Co Ltd, the vessel will support China’s offshore wind farm sector…
Qatar Petroleum has signed a long-term LNG sales deal with China's CNOOC Gas and Power Trading & Marketing Limited, a subsidiary of China National Offshore Oil Corporation (CNOOC).QP will supply of 3.5 million tons per annum (MTPA) of LNG to CNOOC over a 15-year period starting January 2022…
Chinese oil company CNOOC said Thursday it had made a 'large-sized' discovery at Kenli 10-2 site in Bohai Bay, offshore China.The Kenli 10-2 oilfield is located in Laizhou Bay Sag in Southern Bohai Bay, with an average water depth of about 15…
Singapore's Keppel Offshore & Marine has completed the construction of two offshore substations for offshore wind giant Ørsted.The two unmanned 600MW offshore wind farm substations will be deployed in Taiwan’s Greater Changhua 1 & 2a Offshore Wind Farms…