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, in licence G10/48, includes installing a new central processing platform (CPP) to replace the current mobile offshore production unit (MOPU)…
BP and its partners have reached a final investment decision for a $7 billion Tangguh Ubadari carbon capture, utilization and storage (CCUS) project, which has the potential to unlock around 3 trillion cubic feet of additional gas resources in Indonesia to help meet growing energy demand in Asia…
U.S.-based marine power, data, and services company Ocean Power Technologies (OPT) is approaching 15MWh of renewable energy production from its family of PowerBuoys, which primarily exploit wave energy to generate power.The recent launch of…
JX Nippon Oil & Gas Exploration and Chevron New Energies, a division of U.S.-based Chevron, have signed a memorandum of understanding (MoU) that provides a framework to evaluate the export of carbon dioxide (CO₂) from Japan to carbon capture…
Shearwater GeoServices has secured two 4D monitoring projects from Equinor for the Mariner field in the UK North Sea and the Heidrun field in the Norwegian Sea offshore Norway.Shearwater will deploy its Isometrix technology for both surveys…
Petronas, through Malaysia Petroleum Management (MPM), has signed production sharing contracts (PSCs) for two discovered resource opportunities (DRO) clusters, located offshore Malaysia.The BIGST Cluster was awarded to Petronas Carigali, and JX Nippon Oil & Gas Exploration (BIGST)…
Japanese shipping firm Mitsui O.S.K. Lines (MOL) and JX Nippon Oil & Gas Exploration Corporation (JX) have signed a memorandum of understanding (MoU) to develop a carbon capture and storage (CCS) value chain between Japan and Australia, including CO2 marine transport…
Japan’s utility JERA and Green Power Investment Corporation (GPI) have started operations at the Ishikari Bay New Port Offshore Wind Farm - the largest commercial wind farm in Japan.Located in Hokkaido’s Ishikari Bay New Port, the wind farm…
Australian oil and gas major Santos said on Monday it had received approval for a revised drilling plan at its $4.3 billion Barossa gas project, although the fate of a pipeline to take gas to shore remains locked in a legal dispute.Santos was…
Serica Energy, a UK-based upstream oil and gas company, said Tuesday that its Chief Financial Officer Andy Bell had informed the board of his intention to step down from his role in the New Year when he will be replaced by Martin Copeland. Copeland…
Northland Power Inc. said Thursday that its Hai Long offshore wind project in Taiwan had met all conditions to close its 1171 billion New Taiwan Dollars long-term non-recourse green financing. This is the equivalent of around CAD 5 billion, or $3…
Japan's Mitsui O.S.K. Line has concluded a time charter contract with Shimizu Corporation for two crew transfer vessels (CTV) for an offshore wind farm at Ishikari Bay New Port. 'This marks the MOL Group’s first entry into the CTV business. In addition…
JX Nippon Oil & Gas Exploration Corporation has to acquire the entire issued shares of the offshore drilling firm Japan Drilling Co., Ltd. (“JDC”).The company plans to complete the acquisition around the end of April of 2023.'Upon completion of the acquisition…
Malaysian oil and gas company Petronas said Friday it had recently signed two agreements with U.S. major ExxonMobil to jointly pursue Carbon Capture and Storage (CCS) projects in Malaysia.Petronas and ExxonMobil have committed to defining the next steps…
Japan, the world's top liquefied natural gas (LNG) importer, is facing its latest challenge in securing vital gas supplies from Russia after Western reinsurers said they would halt marine war insurance for ships travelling in Russian waters from Jan…
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