Offshore Asia News - page 3

 

China Jitters Set to Snap Oil's Seven-week Winning Streak

Aug 18, 2023

Oil prices looked set to close down this week following seven weeks of gains, as China's economic woes eclipse signs of tight supply.The seven-week upswing in prices, galvanised by supply cuts by the Organization of the Petroleum Exporting Countries and allies (OPEC+)…

Abu Dhabi's ADNOC Gas Signs 5-yr LNG Supply Deal with Japex

Aug 17, 2023

Abu Dhabi's ADNOC Gas said on Thursday it had signed a five-year deal to supply liquefied natural gas (LNG) to Japan Petroleum Exploration Co (Japex). The deal is valued at between $450 million to $550 million, ADNOC Gas said, without providing LNG volumes or timing for the shipments start…

Rotech Subsea Clears Sand Waves and Debris for Offshore Wind Farm in Taiwan

Aug 16, 2023

Subsea trenching and excavation specialist Rotech Subsea said Wednesday it had completed sand wave clearance and debris removal operations at a 'key' offshore wind farm in Taiwan. The contract - for an unnamed long-term client in the region…

Velesto Energy Wins ExxonMobil Contract for Offshore Services in Malaysia

Aug 16, 2023

Velesto Energy's subsidiary Velesto Workover has received a Letter of Award from ExxonMobil in Malaysia, for the provision of Gait 6 HWU & Services for 2023/2024 Workover and Plug & Abandonment Program.'The value of this enabling Contract with…

Jadestone Energy Chooses Velesto Drilling Rig for East Belumunt Offshore Drilling Campaign

Aug 16, 2023

Malaysian drilling contractor Velesto Drilling revealed Wednesday it had secured an offshore drilling rig contract with Jadestone Energy. Under the contract, Velesto Drilling is providing a jack-up drilling rig for the East Belumunt field infill drilling program…

First Jacket Installed at Zhong Neng Offshore Wind Farm

Aug 15, 2023

CDWE has completed the installation of the first jacket of the Zhong Neng offshore wind farm in Taiwan.The Zhong Neng Offshore Wind Project is a 300MW project located off the western coast of Changhua. It is co-owned by China Steel Corporation…

TGS Secures Funding for Several Multi-Client Projects in Southeast Asia

Aug 14, 2023

TGS, a Norway-based offshore seismic data services provider, has secured funding for a series of multi- client projects in Southeast Asia, which are expected to start in late Q4 2023. The program covers six months of new 2D and 3D seismic data acquisition…

FACTBOX - Indonesia's Long-delayed Major Gas Projects

Aug 11, 2023

A recent ownership shakeup at two major Indonesian gas projects has injected renewed hope in the country's upstream gas sector, as the country hopes to tap into its rich hydrocarbon resources amid global energy transition, but barriers remain…

Indonesia's Gas Ambition Faces Investor Test with Shell, Chevron Exits

Aug 11, 2023

Indonesia hopes the recent exit of global giants Shell and Chevron from two long-delayed natural gas projects will jumpstart their development, as it races to more than double gas production by 2030.The Masela and Indonesia Deepwater Development (IDD) projects…

Harbour Energy Bids Farewell to Vietnam: Big Energy Steps In

Aug 10, 2023

UK-based oil firm Harbour Energy said Thursday it would sell its business in Vietnam to Big Energy Joint Stock Company for a consideration of $84 million.  Harbour Energy's Vietnam business includes a 53.125 percent interest in the Chim Sao and Dua producing fields in Block 12W…

Japan's Inpex Raises Profit Forecast, Seeks to Boost Value

Aug 09, 2023

On Wednesday, Japanese oil and gas explorer Inpex raised its full-year net profit forecast by 7% and announced measures to boost the company's value and shareholder returns, including a dividend increase and share buyback.To address the country's number of undervalued stocks…

Barakah Offshore Subsidiary Wins Shell Mooring Buoy Replacement Gig

Aug 08, 2023

Malaysian offshore services firm Barakah Offshore Petroleum has, via its subsidiary PBJV Group, received the Letter of Award from Brunei Shell Petroleum for the “SPM2 Replacement Project.'PBJV will be responsible for engineering work, supply of materials…

Woodside to Sell 10% Stake in Scarborough Project to LNG Japan

Aug 08, 2023

Australian oil and gas giant Woodside has agreed to sell a 10% stake in the Scarborough joint venture in Australia to LJ Scarborough Pty Ltd (LNG Japan).The Scarborough Joint Venture comprises the Scarborough field and associated offshore and subsea infrastructure…

India's GAIL Close to Finalizing Qatar LNG Purchase Deal

Aug 03, 2023

GAIL (India) Ltd is close to finalizing a long-term liquefied natural gas (LNG) import deal with Qatar to buy at least 1 million metric tons per year, potentially for more than 20 years, three industry and trade sources said.The deal would be…

Borr Drilling's Backlog Increased by 421 Days with New Jack-up Rig Deals

Aug 01, 2023

Jack-up drilling rig contractor Borr Drilling said Monday it had secured two letters of award ('LOA') for its premium jack-up drilling rigs 'Gerd' and 'Thor.'These awards increase the company's firm backlog by approximately 421 days, excluding optional periods…

Current News

IWS Fleet Strikes Deal to Put Off Yard Payments for Offshore Wind Service Vessels

IWS Fleet Strikes Deal to Put Off Yard Payments for Offshore Wind Service Vessels

US Plans Sharp Reduction in Offshore Oil and Gas Lease Sales

US Plans Sharp Reduction in Offshore Oil and Gas Lease Sales

Global Underwater Hub Hosts Royal Visit from King Charles

Global Underwater Hub Hosts Royal Visit from King Charles

Baker Hughes Lands Two Contracts with Vår Energi for Norwegian Offshore Work

Baker Hughes Lands Two Contracts with Vår Energi for Norwegian Offshore Work

Subscribe for OE Digital E‑News

Offshore Engineer Magazine