Ørsted has signed an agreement with Taiwan-based Cathay Life Insurance and its affiliate Cathay Wind Power Holdings for the sale of 50% stake in 583 MW Greater Changhua 4 offshore wind farm in Taiwan for $1.63 billion.Ørsted will continue to own the remaining 50 % ownership stake in the wind farm.The Greater Changhua 4 site is part of the 920 MW offshore wind farms Greater Changhua 2b and 4, which Ørsted is currently constructing and expects to finalize by the end of 2025…
Nexif Ratch Energy’s San Miguel Bay offshore wind project in the Philippines has been granted the Certificate of Energy Project of National Significance (CEPNS) by the country’s energy department.The 500 MW offshore wind project, located in San Miguel Bay…
Sunda Energy has signed a memorandum of understanding (MoU) with Timor-Leste government and state-owned companies, setting out the framework for joint evaluation of a development concept for gas resources on the Chuditch PSC, including pipeline…
Italian classification and marine engineering consultancy RINA has secured a contract from Petronas CCS Solutions to carry out a pre-FEED study for a carbon capture and storage (CCS) project in Malaysia.The contract covers the Northern hub, located in Kerteh…
French energy major TotalEnergies has completed the acquisition of OMV’s and Sapura Upstream Assets’ in SapuraOMV Upstream (SapuraOMV), an independent gas producer in Malaysia.SapuraOMV’s main assets are its 40% operated interest in block SK408 and 30% operated interest in block SK310…
Viridien has completed the seismic imaging for the Selat Melaka multi-client 2D seismic program, covering the offshore area of the Langkasuka Basin in Malaysia.The newly available final seismic dataset clearly indicates the presence of a previously unseen Pre-Tertiary fold and thrust belt…
Kuwait Foreign Petroleum Exploration Company (KUFPEC) is looking at more oil and gas opportunities in Indonesia's Natuna Sea, its country representative said on Monday, with Indonesian President Prabowo Subianto looking to boost the country's production…
Malaysia’s state-owned energy giant Petronas has awarded Production Sharing Contracts (PSCs) for three oil and gas clusters and one exploration block offered under the Malaysia Bid Round (MBR) 2024, with Shell and ConocoPhillips among the winners…
Energy major BP and Japan’s largest power generation company JERA have agreed to combine their offshore wind businesses to form a new standalone, equally-owned joint venture that will become one of the largest global offshore wind developers…
Sunda Energy, the AIM-quoted exploration and appraisal company focused on gas assets in Southeast Asia formerly known as Baron Oil, has entered into a non-binding Letter of Intent (LOI) with an unnamed drilling contractor for the use of its…
Sembcorp Industries has signed a Sale and Purchase Agreement (SPA) with Chevron’s Singapore branch to import up to 0.6 million tonnes of liquefied natural gas (LNG) year, starting from 2028.The LNG deliveries will take place over the course of 10 years as agreed by the companies…
Salunda, a provider of digitized solutions for safety critical industries, has secured a contract to install its HaloGuard zone monitoring solution on the Transocean Endurance semi-submersible rig in Australia.The award marks Salunda’s first…
Shearwater Geoservices has been awarded a large 2D towed streamer seismic survey by Oil India, covering 14,500 line kilometers on the East Coast of India in the Bay of Bengal.The project, scheduled to being early 2025, forms part of India’s…
Indonesia has signed a contract with units of Harbour Energy and Mubadala Energy for the development of a Central Andaman oil and gas block, the energy ministry said in a statement on Tuesday.The contract was signed under a new gross split scheme…
China's state-owned oil and gas firm China National Offshore Oil Corporation (CNOOC) has started production at its Jinzhou 23-2 oil field development project in Bohai Sea.The project is located in the northern part of the Bohai Sea, with an average water depth of approximately 13 meters…
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