South East Asia News


Borr Drilling: Demand for Jack-Ups to Grow. 2019 Was a Record Year

Feb 28, 2020

Jack-up drilling contractor Borr Drilling's Chairman has said that 2019 was a record year when it comes to jack-up rig contract years awarded and that demand is high for modern jack-ups.In a statement Friday, the Chairman of the Board, Paal…

Dogger Bank Triplets Renamed

Feb 27, 2020

European developer and operator of renewable energy SSE Renewables and Equinor have renamed their trio of projects in the Dogger Bank totalling 3.6GW.The three offshore wind sites are renamed to recognise their link to the historic area in which they are situated…

Project Delays are Not the Worst Effect of Coronavirus on Upstream O&G

Feb 27, 2020

The upstream oil and gas sector’s biggest commercial fear from the Coronavirus (COVID-19) epidemic is its impact on demand and prices. Only a small proportion of global supply comes from the worst-affected regions.Manufacturing shutdowns and shipping bottlenecks are causing project delays…

Rystad Further Cuts Oil Price Forecast

Feb 27, 2020

Norwegian energy intelligence firm Rystad Energy has further slashed its expected oil price estimates for 2020, citing the effect of the coronavirus epidemic. What is more, Rystad says another downward revision might happen soon.'As China’s…

Hempel Taps Lindström as COO

Feb 27, 2020

Katarina Lindström will join Hempel as Executive Vice President & Chief Operating Officer from August 1, 2020 as the coatings manufacturer aims to double in size.As Executive Vice President & Chief Operating Officer (COO), Katarina Lindström will be a member of Hempel’s Executive Management Board…

Opinion: Driving Competitiveness in Subsea Supply Chain

Feb 27, 2020

By Chris Thompson, chairman of engineering firm Express EngineeringWe all know that the global oil and gas industry operates in a shifting and challenging business environment.Variations in supply and demand linked to global geopolitical issues…

Engie, EDPR Offshore Wind JV Gets EU Green Light

Feb 27, 2020

The European Commission has given its approval for the proposed offshore wind joint venture between France's Engie and Portugal's EDP Renewables.The two companies back in January signed a deal to form 50/50 joint-venture (JV) in fixed and floating offshore wind…

MHI Vestas Confirms Taiwanese Offshore Gig

Feb 26, 2020

Danish wind turbines manufacturer MHI Vestas Offshore Wind has signed firm contracts with Copenhagen Infrastructure Partners (CIP) for the 589-MW Changfang and Xidao offshore wind complex in Taiwanese waters.Changfang and Xidao will have a joint…

Furgo Backs Australia’s Hydrographic Program

Feb 26, 2020

The Australian Government has selected Fugro to join the HydroScheme Industry Partnership Program (HIPP) to increase Australia’s hydrographic industry capability.The panel of industry partners was chosen as part of a long-term strategy to ensure safe shipping routes…

Iran to Boost Gas Output Capacity with New Offshore Platform

Feb 26, 2020

Iran will be able to produce more than 1 billion cubic meters (bcm) of gas per day once the final platform is installed at the South Pars offshore field, its oil minister was quoted as saying on Monday by the official IRIB news agency.South Pars…

Guyana Seeking Partner to Market Its Oil

Feb 26, 2020

Guyana's government on Wednesday launched a search for a company to market its share of crude produced at the offshore Liza well, where an Exxon Mobil Corp-led consortium began producing oil in December.The government is entitled to a share of the oil produced…

Aminex's Wait for Tanzania Approvals Continues

Feb 26, 2020

Uncertainty and unpredictability continue to grip Tanzania's offshore sector as the government keeps international oil and gas exploration and production firms guessing on the outcome of their applications for approval to progress their previously approved projects…

Premium for Van Gogh Crude Falls as VLSFO Market Weakens

Feb 26, 2020

Australia's Santos Ltd has sold a 175,000-barrel cargo of Van Gogh crude loading March 29-April 2 to trading house Vitol at a premium of $15-$16 a barrel to dated Brent, well below the last traded level, three sources familiar with the deal said on Thursday…

Orsted Inks Taichung Lease for OWF

Feb 25, 2020

Orsted Taiwan Ltd announced that it has signed a 20-year wharf lease with Taiwan International Ports Corp (TIPC) for the development of its offshore wind farms (OWF) off Changhua County.The global offshore wind leader announced the signing of…

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