Workers will escalate the strike at Inpex's Ichthys LNG facilities in Australia that started last week over a wage dispute, after talks failed to progress with the Japanese operator, the Offshore Alliance union said on Monday.Ichthys accounts for about 10% of LNG supply from Australia…
Oil prices jumped more than $4 on Monday, with investors spooked by fresh Israeli strikes on Iran as well as renewed attacks on Lebanon a day earlier.Brent crude futures LCOc1 rose $4.42 or 4.47% to $97.15 a barrel as of 0609 GMT, while U.S…
Eni and Petronas have officially established Searah, a new 50/50 joint venture combining selected businesses across Indonesia and Malaysia, creating what has been described as Southeast Asia's largest independent integrated energy company.The…
Oil prices edged down after Oman said operations at Mina al Fahal port were proceeding normally, following a Reuters report that oil loadings had been suspended after an explosion.Brent crude futures LCOc1 fell 24 cents, or 0.25%, to $94.79 a barrel by 0704 GMT after settling down 2…
Petronas, through Malaysia Petroleum Management (MPM), has signed a memorandum of understanding with regional exploration and production operators and Universiti Teknologi Petronas (UTP) to jointly evaluate opportunities for improved and enhanced oil recovery in offshore acreages…
SBM Offshore has entered into a shareholders' agreement with long-standing business partner NYK to divest a 45% ownership interest in the special purpose companies related to the lease and operation of the Chalchi floating storage and offloading (FSO) unit…
Conrad Asia Energy, via its subsidiary West Natuna Exploration Limited (WNEL), has signed a binding contract with PT Pertamina Drilling Services Indonesia through the PDSI–ADES Consortium for the provision of a jack-up drilling rig to support development of the Mako gas field offshore Indonesia…
Masirah Oil has announced that the start date for a planned three-well development drilling program at the offshore Yumna field in Oman's Block 50 will be updated at a later date.The company did not provide a revised timeline for the campaign…
The Arab Shipbuilding and Repair Yard Company (ASRY) has completed its 200th offshore rig project following the delivery of the VALARIS 250 (Bob Palmer) offshore rig project.The milestone was marked during a ceremony attended by executives and officials from ASRY and representatives from Valaris…
McDermott has been selected by Aramco as one of 11 contractors under a long-term Project Management Consultancy (PMC) agreement supporting the delivery of energy, downstream, petrochemical and low-carbon projects across Saudi Arabia.The multi…
Malaysia’s oil and gas services firm Velesto Energy has secured a contract from Northern Gulf Petroleum (NGP) for the provision of jack-up drilling rig services offshore Thailand.The contract was awarded to Velesto's wholly owned subsidiary…
Kuwait could restore nearly 70% of its oil production within six to eight weeks after the Strait of Hormuz reopens, Kuwait Petroleum Corporation's managing director for international marketing, Shaikh Khaled Ahmad Al-Sabah, said on Wednesday…
MODEC and Norway-based Eld Energy have signed a memorandum of understanding to develop a 1.2 MW power system integrated with carbon capture for future floating production, storage and offloading (FPSO) vessels.Under the agreement, Eld Energy will lead the design…
TotalEnergies expects to move ahead with the second development phase of Azerbaijan's Absheron gas-condensate field by end-2026, Emmanuel de Guillebon, managing director of TotalEnergies Azerbaijan, said.The project is currently at the tendering stage…
Northern Lights JV has awarded a consortium comprising Kawasaki Kisen Kaisha (“K' LINE) and Malaysia's MISC Berhad a time charter contract for a newly built 12,000 cubic meter liquefied CO2 (LCO2) carrier, supporting the expansion of Europe's carbon capture and storage (CCS) infrastructure…
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