Offshore Asia News - page 4


China CNOOC Q3 Profit Climbs 89% to $5.1B as Energy Prices Surge

Oct 27, 2022

CNOOC Ltd's third-quarter net profit soared by 89% from a year earlier to 36.9 billion yuan ($5.11 billion), driven by stronger oil and gas prices, the Chinese offshore oil and gas major said on Thursday. Third-quarter revenue rose 54% on the year to 89…

Pertamina Says Gas Output Improves at Mahakam Block

Oct 26, 2022

Natural gas output at Indonesia's Mahakam block rose to 590 million standard cubic feet per day (mmscfd) in October, the state energy company Pertamina said on Wednesday, as the operator boosted drilling.Once a major gas-producing block, output at Mahakam dropped to 505 MMSCFD earlier this year…

Rosneft's Sokol Crude Oil Tender Shows Sakhalin-1 Output Recovering

Oct 25, 2022

Russia's top oil producer Rosneft has issued a tender to sell six cargoes of Sokol crude for loading in November to early December in a sign that output from the Sakhalin-1 project may be recovering following the departure of ExxonMobil, sources said…

Surya Nautika Orders Four Crew Boats from Strategic Marine

Oct 25, 2022

Singaporean shipbuilder Strategic Marine on Tuesday announced it secured a four-vessel crew boat order from Malaysian operator Surya Nautika.Slated for delivery to the licensed Petronas contractor progressively from the first quarter of 2023…

Hibiscus Taps Tanjung Offshore for Well Services Work

Oct 24, 2022

Malaysia-based energy solutions provider, T7 Global has, via its subsidiary Tanjung Offshore, received a work order award from Hibiscus Oil & Gas Malaysia.The contract, with the oil company formerly known as as Repsol Oil & Gas Malaysia Limited…

Baron Oil Says Its Timor Leste Offshore Block Could Hold More Gas Than Initially Thought. Targets First Gas in 2028

Oct 24, 2022

The AIM-quoted oil and gas exploration and appraisal company Baron Oil said Monday that its Chuditch Production Sharing Contract, offshore Timor-Leste could hold much more gas than previously estimated.According to the company,  per the preliminary…

AG&P Converts LNG Carrier intu FSU for LNG Import Terminal in the Philippines

Oct 24, 2022

Atlantic, Gulf & Pacific International Holdings (AG&P) said Sunday that it had converted the 137,512 cubic meter LNG carrier called ISH into a Floating Storage  Unit (FSU), which will be a part of an LNG import terminal in the Philippines from 2023…

VIDEO: AD Ports' SAFEEN Buys Subsea Service Vessel

Oct 21, 2022

AD Ports Group's subsidiary SAFEEN has acquired a support vessel to boost the company's subsea service capabilities.Built in 2014, the vessel, previously known as the Nordic Prince, will operate under the name ‘SAFEEN Surveyor’ and will undergo an extensive conversion prior to starting operations…

Technip Energies to Leave Arctic LNG 2 Project in H1 2023

Oct 20, 2022

Technip Energies TE.PA expects to fully exit the liquefied natural gas project (LNG) Arctic LNG 2 led by Moscow-listed gas producer Novatek next year, the French oil and gas services provider said on Thursday.The group, which said in March it was renouncing new business opportunities in Russia…

Siemens Gamesa Signs Its Largest Offshore Wind Deal in Taiwan

Oct 19, 2022

Wind turbine maker Siemens Gamesa said Wednesday it had signed two agreements with the Hai Long Offshore Wind project owners at an energy industry event in Taiwan.The Hai Long consortium is a partnership between Canadian independent power producer Northland Power Inc…

Exxon Exits Russia Empty-handed with Oil Project 'Unilaterally Terminated'

Oct 18, 2022

Exxon Mobil Corp said on Monday that it left Russia completely after President Vladimir Putin expropriated its properties following seven months of discussions over an orderly transfer of its 30% stake in a major oil project.  Exxon did not say if it received any compensation for the assets…

Australia Appoints Special Envoy for East Timor Offshore Gas Project

Oct 18, 2022

Australia on Tuesday appointed former Victoria state premier Steve Bracks as its special representative for the Greater Sunrise gas project in East Timor as both countries look to break a stalemate over how to develop the gas fields.Australia…

Exxon's Russian Oil Output Collapsed after Rejecting Local Tanker Insurance

Oct 17, 2022

Oil output at the giant Exxon-led Sakhalin-1 Russian Pacific project collapsed following the U.S. major's refusal to accept local insurance for tankers after Western insurers pulled out due to sanctions, several industry sources told Reuters…

VIDEO: Topside Module Construction Starts for Giant ONE Guyana FPSO

Oct 14, 2022

The Dutch FPSO leasing specialist SBM Offshore said Friday the construction of the topside modules had kicked off in Singapore for one of the company's largest-ever FPSO units, the One Guyana FPSO.'During September this year, two steel strike…

Borr Drilling Sells Jack-up Rig for $120M

Oct 14, 2022

Offshore drilling company Borr Drilling has entered into an agreement to sell the jack-up drilling rig 'Gyme' for a price of $120 million to an unrelated third party.The 'Gyme' is a 2018 PPL Pacific Class 400 located in Singapore. The rig has not been activated or contracted since its delivery…

Current News

DeepOcean, Akvaplan-niva to Use ROVs, USVs for Environmental Studies in Offshore Energy Space

DeepOcean, Akvaplan-niva to Use ROVs, USVs for Environmental Studies in Offshore Energy Space

ExxonMobil CEO Gets Pay Raise

ExxonMobil CEO Gets Pay Raise

Offshore Wind: CrossWind Taps KBR for Energy Storage Project

Offshore Wind: CrossWind Taps KBR for Energy Storage Project

Report: Chevron Hits Gas Offshore Egypt

Report: Chevron Hits Gas Offshore Egypt

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