Australia's fast-expanding liquefied natural gas industry has this year been supplying the lion's share of China's growing demand for imports of the commodity, with appetite surging as Beijing shifts away from dirtier fuels such as coal.Australia…
The global market for offshore wind operation and maintenance (O&M) is expected to grow by 17% annually to €11 billion ($12.4 billion) by 2028, according to new research from Wood Mackenzie Power and Renewables. The largest contributor is Europe…
Oil companies Reliance Industries Ltd (RIL) and BP announced on Tuesday they will jointly develop the deepwater MJ project offshore the east coast of India.MJ (also known as D55) is the third of three new gas projects in the Block KG D6 integrated development plan…
Lukoil said it has signed a preliminary agreement with Kazakhstan's state energy company to develop the I-P-2 license block in the Kazakh Sector of the Caspian Sea.Lukoil president Vagit Alekperov signed the Heads of Agreement deal with JSC NC KazMunayGaz chairman Alik Aidarbayev at the 23rd St…
UK based oilfield services company Expro said it has been awarded a multimillion dollar contract for Hindustan Oil Exploration Company Ltd (HOEC) in Mumbai, India.The seven-year contract will include the build, maintenance and operation of a…
The promise of jumbo project financings arising from Taiwan’s ambitious push to develop offshore wind farms is beginning to hold true as a flurry of loans compete for liquidity among the island’s lenders.Financings totaling at least NT$155bn (US$4…
Creditors of Singapore based Swiber Holdings Limited (SHL) and its main subsidiary, Swiber Offshore Construction (SOC), on Wednesday voted in favor of a restructuring proposal which will take the offshore services company one step nearer to…
Renewable energy investment in the Asia-Pacific region will overtake spending on oil and gas exploration by 2020, consultancy Rystad Energy said on Monday.Total capital expenditure in renewables will rise above $30 billion in the region by 2020…
Singapore based Energy Drilling said it has received a letter of award (LOA) on May 15 from EnQuest to perform drilling services on the Seligi Field offshore Peninsula Malaysia with the tender assist rig (TAD) EDrill-2. The contract calls for two firm wells plus two option wells…
Asia Pacific focused independent oil and gas company Jadestone Energy announced on Thursday that the Stag 49H infill well offshore Australia has started producing at a rate of 1,400 bopd.After concluding drilling operations on May 6, 2019, the…
BMT has introduced two vessel designs aimed at Taiwanese offshore wind operations.In March, BMT's Specialized Ship Design division attended an official keel laying ceremony for its new 36-meter service accommodation transfer vessel (SATV). BMT…
French utility Engie and Portuguese power company EDP will create a 50-50 joint venture to pool their fixed and floating offshore wind operations, the companies said on Tuesday.'Creating this JV will bring the projects we have together. It means…
Petronas has produced its first liquefied natural gas (LNG) from a floating LNG (FLNG) facility at the Kebabangan cluster field, 90 kilometers offshore the eastern state of Sabah, the Malaysian state-owned oil company announced on Tuesday.First…
Mooring services, foundation solutions and offshore installations provider InterMoor said it has signed a contract with COOEC, a subsidiary of China National Offshore Oil Corporation (CNOOC), to install deepwater mooring systems for the Liuhua…
The Jasmine field, operated by Mubadala Petroleum, is located 200 kilometers south of Bangkok. This field has a sandstone reservoir and is highly complex and compartmentalized. Many good sands have a thickness of about 30 feet to 40 feet, reservoir pressure is supported by a strong aquifer…