Offshore Asia News

Vietnam, China in South China Sea Standoff

Jul 17, 2019

Vietnamese and Chinese ships have been embroiled in a weeks-long standoff near an offshore oil block in disputed waters of the South China Sea, which fall within Vietnam's exclusive economic zone, two Washington-based think-tanks said on Wednesday…

Partners Eye Floating Wind in South Korea

Jul 11, 2019

A consortium of companies including Equinor, Korea National Oil Corporation (KNOC) and the Korean power company Korea East-West Power (EWP) aim to develop a floating offshore wind project off the coast of Ulsan, South Korea.The 200 megawatt…

JDR Cables Inks MOU with Taya Group

Jul 10, 2019

Cables manufacturer JDR Cables said it has signed a memorandum of understanding (MOU) with Taya Group, an electric wire and land cable manufacturer in Taiwan, which will see two companies collaborate on localization opportunities on future renewable energy projects in the area…

CNOOC, Sinopec Form Exploration Partnership

Jul 10, 2019

China's offshore oil and gas specialist CNOOC Ltd said on Wednesday it entered a framework deal with China Petroleum and Chemical Corp, or Sinopec Corp, to jointly study and explore mostly offshore oil and gas blocks.Under the deal, the two…

Murphy Oil Completes Malaysia Asset Sale

Jul 10, 2019

US-based independent Murphy Oil said it has completed the sale of its oil and gas assets in Malaysia to a subsidiary of Thai company PTT Exploration and Production (PTTEP).The transaction was announced in March 2019, with an effective economic valuation date of January 1…

MHI Vestas, Swancor Sign Contract

Jul 04, 2019

The offshore wind turbine maker, MHI Vestas Offshore Wind A/S, signed a conditional contract of purchase with Taiwanese chemical group Swancor Holding Co Ltd to comply with the nation’s supply chain localization requirements.The agreement “goes…

NOV to Supply STP for MJ FPSO

Jul 03, 2019

APL, a business unit within NOV's Completion & Production Solutions segment, has secured the contract from South Korean builder Samsung Heavy Industries to supply a large submerged turret production (STP) system for a newbuild floating production…

Ørsted Supports Taiwan’s Offshore Wind

Jul 03, 2019

An $800 million green loan facility launched by Ørsted brings together 15 banks to finance the company’s first commercial offshore wind farms in Taiwan.“Taiwan is eager to expand its share of renewable energy. The country’s financial institutions want to be a part of that green transition…

McDermott Wraps Up Reliance Campaign

Jul 02, 2019

McDermott International said it was able to mitigate impact of two cyclones en route to completing the first of two offshore campaigns for Reliance Industries Ltd. KG-D6 R-Cluster subsea field development, in the Krishna Godavari Basin, located off the East Coast of India…

TechnipFMC Wins MJ1 Subsea Contract

Jul 01, 2019

TechnipFMC announced on Monday it has been awarded 'significant' subsea contracts from India's Reliance Industries to build and install flexible risers, rigid and flexible flowlines and umbilicals for the the MJ1 field located offshore India in the deepwater Krishna Godavari basin…

Sapura Energy Bags Multiple Contracts

Jul 01, 2019

Malaysia’s oilfield services player Sapura Energy said it has has clinched contracts worth a total of MYR 1 billion ($242 million) for several new oil patch deals and one – the company’s first – offshore wind contract.The 10 new contracts are…

Shearwater Kicks Off Survey for KrisEnergy

Jun 28, 2019

Independent upstream oil and gas company KrisEnergy announced the commencement of a 1,200-square-kilometer 3D seismic survey in the offshore Cambodia Block A concession, where the company is developing the Apsara oil field.Shearwater Geoservices'…

Oceanteam Bags CSV Gig

Jun 28, 2019

Norway's Oceanteam Shipping said that its construction support vessel (CSV) Southern Ocean will support Fugro for a deepwater remotely operated vehicles (ROV) subsea installation project off the coast of Sabah, Malaysia.The offshore services…

Floating Wind: French, Japanese Firms Partner

Jun 28, 2019

French floating foundations developer Ideol and Japanese renewable specialist Shizen Energy have signed an agreement to jointly develop a commercial-scale floating offshore wind project (OWF) off the coasts of Kyushu in Japan.The agreement was signed in Tokyo today by Paul de la Guérivière…

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