Offshore Asia News - page 4


Bumi Armada Loses Appeal in FPSO Contract Termination Case Against Woodside

Jun 24, 2022

Malaysian FPSO leasing company Bumi Armada has lost its appeal in relation to a 2020 court decision in which it had lost a case against Woodside concerning an FPSO contract termination from 2016.Woodside terminated the contract in 2016 for the FPSO Armada Claire…

Japan to Resume Offshore Wind Auctions by Year-end After Revising Rules

Jun 23, 2022

Japan's government plans to resume public auctions for offshore wind power projects by the end of this year, after revising rules to draw a wider range of bidders and encourage faster development of new infrastructure.The resumption follows…

Philippines, China Terminate Talks on Joint Offshore Oil and Gas Exploration

Jun 23, 2022

The Philippines' outgoing foreign minister said on Thursday that talks over joint energy exploration between his country and China in the South China Sea had been terminated, citing constitutional constraints and issues of sovereignty.The two…

CNOOC Completes China's First Offshore Carbon Capture & Storage Project

Jun 22, 2022

Chinese state-owned oil and gas firm CNOOC has completed the country's first offshore carbon capture and storage project designed to permanently bury carbon dioxide in the seabed, state media reported recently.The project is located at the company's Enping oil field in the mouth of the Pearl River…

Shelf Drilling to Buy Aban Offshore's Jack-up Rig for $30M

Jun 18, 2022

Jack-up drilling rig specialist Shelf Drilling has agreed to buy the Deep Driller 7 jack-up drilling rig from the Indian offshore drilling company Aban Offshore. Shelf Drilling will pay $30 million for the 2008-built jack-up drilling unit. The rig is of Baker Marine Pacific Class 375 design…

After Jade Dud, Empyrean Pins Hopes on Topaz Offshore Prospect in China

Jun 10, 2022

Oil and gas company Empyrean Energy, which recently suffered a disappointment when its closely watched 'world-class' Jade offshore well in China came up dry, said Friday it had decided to give it another go and drill the Topaz well, located in the same Block 29/11…

India to Hold Bid Rounds for 12 GW of Offshore Wind Over Three Years

Jun 10, 2022

India is looking to hold bid rounds for 12 GW of offshore wind in the next three years, the Government's Press Information Bureau said Thursday.This year, the Ministry of New & Renewable Energy will issue the first bid in the next three-four…

Keel Laid for Seaway 7's Offshore Wind Installation Vessel 'Seaway Ventus'

Jun 10, 2022

A keel-laying ceremony was held earlier this week for Seaway 7’s new offshore wind turbine installation vessel Seaway Ventus.The ceremony was held on Monday, June 6, at the China Merchants Heavy Industry (CMHI) Haimen facility, Nantong.The GustoMSC…

Dayang Bags Offshore Maintenance Work with EnQuest in Malaysia

Jun 08, 2022

Bursa Malaysia-listed Dayang Enterprise has won a contract for the provision of maintenance, construction, and modification services at Enquest's Seligi field, offshore Malaysia.The value of the contract will be determined based on work orders issued by Enquest throughout the contract duration…

Strategic Marine's New Fast Crew Boat Can Carry 80 Passengers

Jun 07, 2022

Singapore's Strategic Marine has announced its latest offshore fast crew boat, a 38-meter extra fast crew transfer catamaran vessel (FCTV).  'The new vessel has been designed in collaboration with One2Three naval architects in Sydney Australia…

Korean Shipbuilder Can't Accept New FSRU Orders as Capacity Full

Jun 02, 2022

Korea Shipbuilding & Offshore Engineering (KSOE) has mostly filled its order book for the next 2-1/2 years as the pandemic drove demand for container ships, leaving little room to meet the needs of the liquefied natural gas (LNG) sector, a senior company executive said…

Philippine Tycoon Razon to Buy Majority of South China Sea Gas Field

Jun 02, 2022

Philippines ports and gaming tycoon Enrique Razon is acquiring a majority stake in a South China Sea gas field from a close ally of outgoing President Rodrigo Duterte, a move seen benefitting his oil exploration franchise on the Reed Bank.Razon's…

Malaysia's Petronas Says Q1 Profit Doubles, but Cautious Over Outlook

May 31, 2022

Malaysia's state energy firm Petronas on Tuesday posted higher profit of 23.4 billion ringgit ($5.35 billion) for its first quarter, in tandem with greater revenue following an upward trend in prices.Revenue rose almost 50% to 78.8 billion ringgit in the January-March quarter…

Sapura Energy Sells Pipelayer to UAE-firm for $71.5M

May 31, 2022

Malaysian company Sapura Energy has agreed to sell its pipe-laying and crane vessel Sapura 3000 for $71.5 million to Safeen Feeder Company – Sole Proprietorship LLC, a company in the Abu Dhabi Ports Group of Companies.'The proposed asset disposal exercise is part of the Group’s reset plan…

Equinor Plans Investment Decision on S. Korea Floating Offshore Wind Farm in 2024

May 26, 2022

Norway's Equinor plans to make a final investment decision on what would be its first offshore wind farm in South Korea as early as 2024, and is now considering a third, larger project in the country, the head of its local unit said.'We are…

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