Japan's Mitsubishi took a 52.2 billion yen ($342.4 million) impairment charge on its domestic offshore wind projects in the nine-month period ended in December, it said on Thursday.The trading house said on Monday it is reviewing how to proceed…
South Korea's hopes for a major oil and gas project off its east coast may not be economically feasible, according to initial drilling results, energy ministry officials said on Thursday.Recent drilling showed some signs of gas prospects but the amount was not believed to be meaningful…
McDermott has completed transportation, installation, and commissioning activities for the Kikeh subsea gas lift project, awarded by PTTEP Sabah Oil Limited (PTTEP) in the first quarter of 2024.The project, executed by the company's Kuala Lumpur (KL) based team…
Norwegian offshore supply vessel operator DOF Group has secured two subsea contract awards in the Asia Pacific (APAC) region.The first of the recent subsea service contracts secured in the APAC region will utilize the DSV Skandi Singapore with…
Japanese trading house Mitsui could consider studying a project to liquefy natural gas (LNG) in the U.S. state of Alaska, but no decisions have been made yet, Chief Financial Officer Tetsuya Shigeta said on Tuesday.Japan is considering offering…
Mitsubishi Corp on Monday said it is reviewing how to proceed with its offshore wind projects in Japan given a 'significantly changed' business environment, showing that the country is not immune to rising costs across offshore wind projects globally…
Australian oil and gas company Santos has signed a helicopter transportation services contract with Weststar-GAP Aviation for its offshore operations in Timor-Leste’s Bayu-Undan region.Under the $40 million contract, Weststar-GAP Aviation, a joint venture between Timor GAP-Timor Gas Petroleo…
Danish offshore wind installation firm Cadeler has taken delivery its new wind turbine installation vessel (WTIV) Wind Maker, the first of the two planned M-class vessels to join its growing fleet.Wind Maker was officially named at a naming ceremony at the Hanwha Ocean Shipyard in Korea…
The Japanese government on Wednesday announced a revision of its rules for offshore wind power auctions as the sector globally grapples with delays and soaring expenses driven by tight supply chains and inflation.After a number of consultations…
Malaysia's Petronas will decommission the Sabah-Sarawak gas pipeline, the state energy firm said on Tuesday in its activity outlook report.The 500 km natural gas pipeline in Malaysia connects Kimanis in Sabah to Bintulu in Sarawak and has been operational since early 2014…
Sunda Energy, the AIM-quoted exploration and appraisal company focused on gas assets in Southeast Asia, has started environmental baseline survey in preparation for the drilling of the planned Chuditch-2 appraisal well off Timor-Leste.The survey…
Kazakh President Kassym-Jomart Tokayev on Tuesday ordered the government to step up talks with international oil majors about an extension of existing production sharing agreements (PSA) on 'better terms'.The central Asian country is one of…
Seatrium has been awarded a contract by Japan-based Penta-Ocean Construction (POC) to carry out the engineering, procurement and construction for a 5,000-ton fully revolving heavy lift vessel project for the Japanese offshore wind market.This…
ConocoPhillips Sabah Gas, a subsidiary of the global energy company ConocoPhillips, has taken over the operatorship of Kebabangan Cluster Production Sharing Contract (KBBC PSC) in Malaysia.The transfer took effect on 21 January 2025, making…
Tidal Transit has signed a memorandum of understanding (MoU) with two Asian firms to develop, fund, build and operate offshore support vessels for the South Korean offshore wind industry.The U.K. supplier of purpose-design crew transfer vessels…
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