Norway's offshore installation company Ocean Installer has won a deal to deliver and install a subsea power cable in China, as part of CNOOC Liuhua 16-2 oil field development in the South China Sea.In what is the company's second contract in China…
ABB will equip Japan-built self-elevating wind turbine installation vessel with its power and control technologies.The company said Tuesday that the 28,000-GT jack-up unit on order from builder Japan Marine United Corp, and due for delivery to Shimizu Corp…
China National Offshore Oil and Gas Corp (CNOOC) is set to inject its struggling natural gas terminal and power unit into its flagship listed vehicle CNOOC Ltd, three senior sources with knowledge of the matter said. The plan for the internal merger…
Global oil demand is set to contract in 2020 for the first time in more than a decade as global economic activity stalls due to the coronavirus, the International Energy Agency said on Monday. The downward revision came as oil prices dropped…
Japanese utility JERA Co Inc confirmed today that it is taking a 43.75% stake in the up to 2-GW Formosa 3 offshore wind project in Taiwan, leaving 31.25% and 25% to developers Green Investment Group (GIG) and the German energy company EnBW, respectively…
Norwegian ship owner Solstad Offshore said it has secured work for its 2006-built anchor handling tug supply vessel (AHTS) Far Stream supporting a six-well drilling program for a major Malaysian operator.The 285-day contract is due to commence…
Macquarie's Green Investment Group (GIG) and EnBW Energie Baden-Württemberg AG have reached an agreement with Japanese utility JERA to join in developing Taiwan's Formosa 3 offshore wind farm. JERA now holds a 43.75% stake in the project. The Green Investment Group holds 31…
Malaysian oil and gas services provider Global Mariner Offshore has launched legal action against TH Heavy Engineering, Floatech, Yinson, and several other parties, seeking RM74,800,000 plus interest in damages.Global Mariner is a 20 percent owner of Floatech…
Brent slid to its biggest daily loss in more than 11 years on Friday after Russia balked at OPEC's proposed steep production cuts to stabilize prices hit by the economic fallout from the coronavirus, and OPEC responded by removing limits on its own production…
Oil prices slid more than 4% on Friday after Reuters reported that Russia will not agree to steeper oil output cuts by OPEC and its allies to support prices. Brent and WTI crude futures tumbled by nearly $3 a barrel, or more than 5%, after the report…
Malaysian energy services firm Uzma has a contract with Shell for plugging and abandonment work offshore Malaysia.Under the letter of award signed with Shell's subsidiaries in Malaysia, Uzma will provide platform wells plug and abandonment campaign…
Malaysian offshore vessel owner Nam Cheong has secured contracts for six offshore vessels, raising its orderbook to RM318.2 million ($75.6 million).The company said Tuesday it had clinched chartering contracts for six OSVs with foreign oil majors worth RM116…
Offshore installation contractor Subsea 7 on Tuesday said it had won a contract from Murphy Oil for the provision of the subsea installation services related to the Samurai, Khaleesi, and Mormont developments in the U.S. Gulf of Mexico.The contract…
Klein Marine Systems Selects Cambridge Pixel’s RadarWatch and Target Tracking Technology to Protect Korean Offshore Wind FarmCambridge Pixel, a developer of radar display, tracking and recording sub-systems, has supplied its RadarWatch coastal surveillance software…
Malaysian FPSO leasing company Yinson has informed that its FPSO Abigail-Joseph has set sail from Singapore to Nigeria, where it will be deployed at First E&P offshore oil fields.The FPSO, previously named Allan, has recently been upgraded by Keppel in Singapore…