Malaysia’s oil and gas services firm Velesto has secured a drilling contract by Phu Quoc Petroleum Operating Company (PQPOC) for its NAGA 4 jack-up drilling rig, which will be put to work off Vietnam.Under the long-term contract, Velesto’s NAGA…
Singaporean shipbuilder Strategic Marine has delivered a crew transfer vessel (CTV) to Taiwan as part of a contract with Ventus Marine for two vessels.The 27-meter Z-Bow vessels, designed in collaboration with naval architect BMT, incorporate cutting-edge marine engineering and technology…
American Bureau of Shipping (ABS) has issued an approval in principle (AiP) to Samsung Heavy Industries (SHI) for its design of a multi-purpose liquefied natural gas (LNG) floating facility for deep water (MLF-O).Called MLF-O, the next-generation…
Turkey has discovered a new reserve of 75 billion cubic metres (bcm) of natural gas during drilling works in the Black Sea, President Tayyip Erdogan said on Saturday.'With this discovery, we will meet the natural gas needs of homes in Turkey for 3…
Lamprell has signed a memorandum of understanding (MoU) with Dong Fang Offshore (DFO) for a newbuild NG-9000X wind turbine installation and maintenance vessel.The newbuild vessel will support offshore wind activities in the Asia Pacific region…
Indonesian energy company Medco Energi Internasional on Friday started production at its Forel and Terubuk fields in the Natuna Sea, officials said.The two fields are part of the South Natuna Sea Block B and will increase its production by 20…
The Kuwait Foreign Petroleum Exploration Company (KUFPEC) has secured approval for its development of the Anambas block in Indonesia, where it aims to acquire more projects, officials said on Thursday.KUFPEC will invest about $1.54 billion to…
XRG, a subsidiary of Abu Dhabi National Oil Company (ADNOC), Petronas and the Turkmenistan State Enterprise Hazarnebit have signed a new Production Sharing Contract (PSC) with the State Concern Turkmennebit for the offshore Block I gas and condensate fields in Turkmenistan…
Canada-based oil and gas company Valeura Energy has taken a final investment decision (FID) to redevelop the Wassana oil field in the Gulf of Thailand, committing $120 million to replace aging infrastructure and boost production.The redevelopment plan for the field…
Seatools, a subsea technology company, has secured a contract by CSBC-DEME Wind Engineering (CDWE) for the design, engineering, and delivery of the metrology and control system for the Pre-Piling Template (PPT) at the Fengmiao 1 Offshore Wind Farm in Taiwan…
Centus Marine, a Malaysian operator of fast crew boats, has taken delivery of the second hybrid fast crew boat (FCB) from the Singaporean shipbuilder Strategic Marine.The vessel, named Centus Alesha, features Strategic Marine’s hybrid propulsion system…
Singapore-based Seatrium has secured a Floating Storage Regasification Unit (FSRU) conversion contract from Höegh Evi, formerly known as Höegh LNG, for the liquefied natural gas (LNG) carrier Hoegh Gandria.The contract covers the conversion and longevity of LNG carrier…
Danish vessel owner ESVAGT and South Korean shipping firm KMC Line have signed an agreement to establish a new joint venture KESTO, dedicated to the growing South Korean offshore wind market.Through a joint venture partnership with KMC Line…
Copenhagen Infrastructure Partners (CIP), on behalf of its fund Copenhagen Infrastructure V (CI V), has entered into an agreement to divest a 10% stake in the 495MW Fengmiao I offshore wind farm in Taiwan to Mitsui O.S.K. Lines (MOL).The transaction…
The Panna-Mukta and Tapti (PMT) joint venture partners, consisting of Shell (through BGEPIL), Reliance Industries (RIL), and Oil and Natural Gas Corporation Limited (ONGC), have completed India's first offshore facilities decommissioning project…
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