Offshore Asia News - page 126


Asia's Largest Oil Industry Meeting APPC Will be Virtual

Jun 11, 2020

Asia's largest energy industry gathering, the Asia Pacific Petroleum Conference will this year take place virtually because of the coronavirus pandemic, S&P Platts said on Thursday.The conference will be held from Sept. 14 to Sept. 16, Platts said in a statement…

CNOOC Brings Online Bohai Bay Oil Field

Jun 11, 2020

Chinese oil company CNOOC has started production from its Qinhuangdao 33-1S oil field phase I in the Bohai Bay.Qinhuangdao 33-1S is a shallow water oilfield, located in central and western Bohai with an average water depth of 21 meters. 'The…

PHOTO: CNOOC Completes First Development Well at Lingshui 17-2

Jun 11, 2020

Chinese oil company CNOOC has this week completed the drilling of the first development well at the Lingshui 17-2 (LS 17-2) gas field development in the South China Sea, offshore China.The info, along with the photos, was shared by CIMC-Raffles…

Sarawak State to Sue Petronas over Sales Tax

Jun 11, 2020

Malaysia's energy-rich Sarawak state will pursue legal proceedings against national oil company Petronas over the non-payment of sales tax, backtracking on a settlement agreement reached last month, national news agency Bernama reported.Petronas and Sarawak had reached a settlement in May…

Japan's TEPCO to Spend $9-18B by 2035 on Offshore Wind, Hydro

Jun 10, 2020

TEPCO Renewable Power, a unit of Tokyo Electric Power Company Holdings, plans to spend about 1-2 trillion yen ($9-18 billion) to develop 6-7 gigawatts (GW) of offshore wind and hydroelectric power projects by 2035, its president said.'We aim…

Penspen in Offshore Platform Modification Deal in Myanmar

Jun 09, 2020

Offshore engineering company Penspen has won a contract with a Myanmar oil and gas company for an offshore natural gas project in Myanmar.The engineering study project award will see Penspen support with drilling platform diesel fuel tank modification…

Temasek Supports Sembcorp Marine's $1.5B Rights Issue

Jun 09, 2020

Singapore's Temasek Holdings stepped in on Monday to support a S$2.1 billion ($1.5 billion) rights issue by Sembcorp Marine as the state investor moves to help the city-state's struggling rig-building sector.Following the deal, loss-making Sembcorp Marine…

Keppel Rejects Awilco Drilling's Rig Contract Termination. Ponders Legal Action

Jun 09, 2020

Singapore's offshore rig builder Keppel is considering taking legal action against Awilco Drilling after the drilling company on Monday said it had terminated a rig construction contract with Keppel.Awilco Drilling said Monday that its subsidiary…

Cheoy Lee Building WFSV Pair for Japanese Wind Farms

Jun 08, 2020

Currently under construction at Cheoy Lee Shipyards' Hin Lee (Zhuhai) Shipyard facility are two 27-meter wind farm support vessels (WFSV) to support operations and maintenance of the Akita and Noshiro offshore wind farms, in the Akita Prefecture region of Japan…

McDermott Completes Pan Malaysia Offshore Projects

Jun 08, 2020

Offshore construction and installation company McDermott has said it has completed the Pan Malaysia Transportation and Installation Projects for Sarawak Shell Berhad and SapuraOMV, located offshore Miri, Sarawak.Awarded in November 2018, the…

Forum Energy Technologies Pushes for Growth in Asia

Jun 08, 2020

Forum Energy Technologies, a provider of remotely operated vehicles for the offshore energy industry, is expanding its offering in Asia.The company has signed an agreement with Wuxi Haiying-Cal Tec Marine Technology Co., Ltd to represent Forum…

Energean Power FPSO Topside Installation Work Kicks Off

Jun 08, 2020

Work on Energean's Energean Power FPSO in Singapore has begun as Sembcorp Marine Admiralty Yard, Singapore, reopened on June 2, after the COVID-19 lockdown.The FPSO hull arrived from China in April for topside integration works in Singapore…

Oil Prices Rise on OPEC+ Cuts. Brent at $42,8

Jun 08, 2020

Oil climbed on Monday after major producers agreed to extend a deal on record output cuts to the end of July and as China's crude imports hit an all-time high in May.Brent crude was up 51 cents, or 1.2%, at $42.81 per barrel, by 0628 GMT, while U…

OPEC, Russia Extend Record Oil Cuts

Jun 07, 2020

OPEC, Russia, and allies agreed on Saturday to extend record oil production cuts until the end of July, prolonging a deal that has helped crude prices double in the past two months by withdrawing almost 10% of global supplies from the market…

Halted Shares of Sembcorp Marine, Parent in Focus in Singapore

Jun 05, 2020

Shares in Sembcorp Marine and Sembcorp Industries remained halted for a second day on Friday, prompting speculation among some analysts about a potential deal between the Singapore rig builder and its parent company.'Given the concurrent nature of the trading halts…

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