Offshore Asia News


Malaysia's Petronas Plans Job Cuts

Feb 07, 2025

Malaysia's state energy firm Petronas will reduce its workforce to ensure its long-term survival amid increasing challenges in the global operating environment, local media reported on Friday, citing the Petronas chief.'The rationale to do this…

Mitsubishi Reports $342M Impairment Charge on Japan’s Offshore Wind

Feb 06, 2025

Japan's Mitsubishi took a 52.2 billion yen ($342.4 million) impairment charge on its domestic offshore wind projects in the nine-month period ended in December, it said on Thursday.The trading house said on Monday it is reviewing how to proceed…

Initial Drilling Results Raise Questions on South Korea’s Offshore Gas Viability

Feb 06, 2025

South Korea's hopes for a major oil and gas project off its east coast may not be economically feasible, according to initial drilling results, energy ministry officials said on Thursday.Recent drilling showed some signs of gas prospects but the amount was not believed to be meaningful…

McDermott Concludes Work at PTTEP’s Kikeh Gas Field Off Malaysia

Feb 05, 2025

McDermott has completed transportation, installation, and commissioning activities for the Kikeh subsea gas lift project, awarded by PTTEP Sabah Oil Limited (PTTEP) in the first quarter of 2024.The project, executed by the company's Kuala Lumpur (KL) based team…

DOF Gets Two Subsea Services Contracts in Asia Pacific

Feb 05, 2025

Norwegian offshore supply vessel operator DOF Group has secured two subsea contract awards in the Asia Pacific (APAC) region.The first of the recent subsea service contracts secured in the APAC region will utilize the DSV Skandi Singapore with…

Japan's Mitsui Eyes Alaska LNG Project

Feb 04, 2025

Japanese trading house Mitsui could consider studying a project to liquefy natural gas (LNG) in the U.S. state of Alaska, but no decisions have been made yet, Chief Financial Officer Tetsuya Shigeta said on Tuesday.Japan is considering offering…

Mitsubishi Reassessing Japan Offshore Wind Projects Amid Market Changes

Feb 03, 2025

Mitsubishi Corp on Monday said it is reviewing how to proceed with its offshore wind projects in Japan given a 'significantly changed' business environment, showing that the country is not immune to rising costs across offshore wind projects globally…

Santos Hires Weststar-GAP for Timor-Leste Offshore Helicopter Services

Jan 31, 2025

Australian oil and gas company Santos has signed a helicopter transportation services contract with Weststar-GAP Aviation for its offshore operations in Timor-Leste’s Bayu-Undan region.Under the $40 million contract, Weststar-GAP Aviation, a joint venture between Timor GAP-Timor Gas Petroleo…

Cadeler Takes Delivery of Its Sixth Wind Turbine Installation Vessel

Jan 31, 2025

Danish offshore wind installation firm Cadeler has taken delivery its new wind turbine installation vessel (WTIV) Wind Maker, the first of the two planned M-class vessels to join its growing fleet.Wind Maker was officially named at a naming ceremony at the Hanwha Ocean Shipyard in Korea…

Japan Adjusts Rules for Offshore Wind Auction Rounds

Jan 29, 2025

The Japanese government on Wednesday announced a revision of its rules for offshore wind power auctions as the sector globally grapples with delays and soaring expenses driven by tight supply chains and inflation.After a number of consultations…

Petronas Preps for Sabah-Sarawak Gas Pipeline Decom Op

Jan 29, 2025

Malaysia's Petronas will decommission the Sabah-Sarawak gas pipeline, the state energy firm said on Tuesday in its activity outlook report.The 500 km natural gas pipeline in Malaysia connects Kimanis in Sabah to Bintulu in Sarawak and has been operational since early 2014…

Sunda Energy Starts Environmental Survey for Timor-Leste Oil and Gas Field

Jan 28, 2025

Sunda Energy, the AIM-quoted exploration and appraisal company focused on gas assets in Southeast Asia, has started environmental baseline survey in preparation for the drilling of the planned Chuditch-2 appraisal well off Timor-Leste.The survey…

Kazakhstan Looks to Improve Oil Production Agreements Terms

Jan 28, 2025

Kazakh President Kassym-Jomart Tokayev on Tuesday ordered the government to step up talks with international oil majors about an extension of existing production sharing agreements (PSA) on 'better terms'.The central Asian country is one of…

Seatrium to Build Heavy Lift Vessel for Japan’s Offshore Wind Market

Jan 27, 2025

Seatrium has been awarded a contract by Japan-based Penta-Ocean Construction (POC) to carry out the engineering, procurement and construction for a 5,000-ton fully revolving heavy lift vessel project for the Japanese offshore wind market.This…

Current News

Malaysia's Petronas Plans Job Cuts

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RWE's 302MW Offshore Wind Farm to Help Balance German Power Grid

TotalEnergies Starts Drilling Ops Offshore Namibia

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