Offshore Asia News - page 4

 

More Than Two Dozen Missing after Ship Snaps in Two, Sinks Off Hong Kong

Jul 04, 2022

More than two dozen crew on an engineering [reportedly an offshore wind] vessel [Fujing 001] with 30 people on board were missing after it snapped in two in waters off Hong Kong as tropical storm Chaba passed through, authorities said.Three crew members were rescued…

Russia's Control of Sakhalin Project Could Pose Upside Risk to LNG Prices

Jul 01, 2022

Russia announced on Friday a decree that seizes full control of the Sakhalin-2 gas and oil project in the country's far east, a move that could force out Shell and Japanese investors and adds another bullish factor to prices in a tight global LNG market…

Portugal's EDP to Scale Up Offshore Solar Plants in Southeast Asia

Jul 01, 2022

Portugal's main utility EDP will scale up its offshore floating solar farms in Southeast Asia, hoping to get a big slice of 16 gigawatt of photovoltaic power the region is expected to install over rivers and seas by 2030.EDP Chief Executive…

India Imposes A Windfall Tax On Oil Producers and Export Duties For Oil Products

Jul 01, 2022

India introduced export duties for gasoil, gasoline and jet fuel on Friday to help boost domestic supplies, while also imposing a windfall tax on oil producers that have benefitted from higher global crude oil prices.The new taxes, announced in government orders…

Russia to Replace Sakhalin-2 Project Operator with New Firm

Jul 01, 2022

Russia will create a firm which will take over all rights and obligations of the Sakhalin Energy Investment Company amid Western sanctions imposed on Moscow, a decree signed by President Vladimir Putin said on Thursday.The 5-page decree indicates…

Gazprom Cancels Dividend for First Time Since 1998. Shares Drop

Jun 30, 2022

Russian gas giant Gazprom has decided not to pay dividends on last year's results, the first time it will not pay out since 1998, sending its shares plunging by nearly 30%.'The shareholders decided that in the current situation it is not advisable to pay dividends based on the 2021 results…

Deep Wind Offshore, East West Power to Collaborate on Offshore Wind Projects in S. Korea

Jun 30, 2022

Norwegian offshore wind company Deep Wind Offshore has signed an agreement with South Korea's East West Power, to collaborate on projects totalling more than 4GW of floating and bottom fixed offshore wind in South Korea.    'We are extremely excited to collaborate with EWP on these projects…

SBM Offshore's Treasurer and IR Head Joins Jadestone Energy as New CFO

Jun 28, 2022

Asia-Pacific focused oil and gas company Jadestone Energy has appointed Bert-Jaap Dijkstra as Chief Financial Officer.Dijkstra will join Jadestone Energy from SBM Offshore, the Dutch FPSO leasing specialist, effective from September 1, 2022…

Update: Four Dead as Helicopter with 9 Aboard Crashes Near ONGC Rig

Jun 28, 2022

A helicopter carrying seven passengers and two pilots ditched in the Arabian Sea near the Indian oil company ONGC's jack-up rig Sagar Kiran, in Mumbai High, offshore India. Four people died. According to initial tweets from the Coast Guard and…

China: Shanghai Electric's New Offshore Wind Turbine Rolls Off Production Line

Jun 24, 2022

Shanghai Electric Wind Power Group Co., Ltd. said Friday its first EW8.X-230 offshore wind turbine generator had recently rolled off the production line at the Putian manufacturing facility.The wind turbine generator is designed for the medium…

Corio, FECON Plan to Build 500MW Offshore Wind Farm in Vietnam

Jun 24, 2022

Corio Generation,  a recently established offshore wind branch of Macquarie's Green Investment Group (GIG), has signed an agreement with Vietnamese construction and infrastructure group FECON for a proposed 500 MW offshore windfarm in Ba Ria…

Petronas Signs PSC for North Ketapang Block in Indonesia

Jun 24, 2022

Malaysian oil and gas company Petronas, via its subsidiary Petronas North Ketapang, has signed a Production Sharing Contract (PSC) for the North Ketapang Block located onshore and offshore East Java, Indonesia.Petronas won the North Ketapang…

Bumi Armada Loses Appeal in FPSO Contract Termination Case Against Woodside

Jun 24, 2022

Malaysian FPSO leasing company Bumi Armada has lost its appeal in relation to a 2020 court decision in which it had lost a case against Woodside concerning an FPSO contract termination from 2016.Woodside terminated the contract in 2016 for the FPSO Armada Claire…

Japan to Resume Offshore Wind Auctions by Year-end After Revising Rules

Jun 23, 2022

Japan's government plans to resume public auctions for offshore wind power projects by the end of this year, after revising rules to draw a wider range of bidders and encourage faster development of new infrastructure.The resumption follows…

Philippines, China Terminate Talks on Joint Offshore Oil and Gas Exploration

Jun 23, 2022

The Philippines' outgoing foreign minister said on Thursday that talks over joint energy exploration between his country and China in the South China Sea had been terminated, citing constitutional constraints and issues of sovereignty.The two…

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