Oil prices fell on Friday as weak Asian data and a rise in new coronavirus cases fuelled uncertainty about the economic outlook while leading crude producers appeared to be in no rush to curb output.Brent crude was down $1.56, or 2.6%, at $57…
Malaysian oil company Petronas Carigali has contracted Tanjung Offshore Services for the delivery of a mobile offshore production unit.Tanjung Offshore Services has won a contract with a consortium Partner VME Process Systems Malaysia. The contract is for the provision of leasing…
Arabian Drilling Company has tapped the German industrial giant Siemens to modernize a complete and integrated drilling-drives lineup, including auxiliaries and controls, that will be installed on an offshore jack-up drilling rig for a customer in the Middle East…
Norwegian marine seismic company SeaBird Exploration has received a letter of award for an OBN source contract.The contract, with an undisclosed client, is expected to start in April 2020, SeaBird said Thursday.The survey will be carried out…
A Dubai court has ruled that Floatech, a subsidiary of Malaysia's TH Heavy Engineering, must pay $6,25 million to Dubai's Drydocks World.Drydocks World in April 2019 presented Floatech with a writ of summons demanding Floatech to pay the $6…
A unit of Japan's Inpex Corp signed on Wednesday a memorandum of understanding to supply gas to Indonesian state companies PT Perusahaan Listrik Negara (PLN) and PT Pupuk Indonesia.It would be the first sales deal for gas produced from Indonesia's…
The list of parties at London's International Petroleum Week, one of the world's biggest oil industry gatherings, continues to shrink as hosts such as ExxonMobil and Azerbaijan's SOCAR cancel events due to the coronavirus, trading sources said…
New repair works scheduled by Royal Dutch Shell in its oilfields in Malaysia are likely to halve exports of Kimanis crude cargoes in April and squeeze supplies in Asia, two sources said on Wednesday.Kimanis is Malaysia's largest export grade…
MHI Vestas Offshore Wind has been chosen as the preferred turbine supplier for the 300-MW Zhong Neng offshore wind project (OWF) in Taiwanese waters.MHI Vestas has reaffirmed its commitment to the nascent sector as it moves into prime position…
The drill bit still plays a key role across the region, with exploration increasingly the domain of national oil companiesReports of the death of exploration have been greatly exaggerated. Since the 2014 oil price downturn, the industry has re-imagined exploration…
Indonesia's state-owned oil and gas company PT Pertamina signed a framework agreement with Malaysia's Petronas to sell and buy crude this year, Pertamina said in a statement on Tuesday.The agreement is a follow up to their plan last year to swap crude…
Malaysian offshore services provider Alam Maritim has been awarded a vessel contract by Petronas Carigali.Under the contract, announced Tuesday – but awarded in December 2019 – Alam is providing an anchor handling tug and supply vessel for the Malaysian company…
Malaysian oil and gas giant Petronas has said that its second FLNG Unit, the PFLNG Dua, has set sail from South Korea, and is on its way to the Rotan gas field, offshore Malaysia.The journey, which started from the Samsung Heavy Industries yard in Korea…
South Korea's Posco International has made a gas discovery at the Mahar well offshore Myanmar.Located in Block A3, the well was drilled using the Maersk Viking drillship in a water depth of 1000 meters.The Korea Herald has reported that the…
JISCO Marine and Vroon Offshore Services Singapore have signed a two-year extension agreement for the management of the Accommodation Work Boat (AWB) Nautical Aisya. This renewal will extend the JISCO and VOS Singapore cooperation until at least the end of February 2022…
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