Husky Energy Inc reported a better-than-expected quarterly profit on Thursday, as higher Canadian crude prices following Alberta government's mandatory output cuts more than offset the company's lower production and weak refining margins.The Calgary-based company said average realized prices rose 7…
Eni's Ken Bau 1X exploration well in block 114 of the Song Hong Basin offshore Vietnam has proven the presence of gas and condensate in the Ken Bau prospect, the Italian supermajor announced on Wednesday.The exploration well was drilled at 95 meters water depth and reached a total depth of 3…
The Abu Dhabi National Oil Company (ADNOC) signed an agreement on Wednesday with Indonesia's state-owned energy company PT Pertamina for oil and gas collaboration in both countries and globally, ADNOC said in a statement.The comprehensive strategic…
Global certification group DNV GL has launched its first LiDAR verification site in Asia to cater for the growing windpower market.The world’s largest resource of independent energy experts and certification body said in a press release that the site…
The Netherlands based offshore contractor Heerema Marine Contractors said it has been awarded a contract to support the construction of an offshore wind farm project in Taiwan. Assigned by the Taiwan branch of Jan de Nul, Heerema will take on…
Vietnamese and Chinese ships have been embroiled in a weeks-long standoff near an offshore oil block in disputed waters of the South China Sea, which fall within Vietnam's exclusive economic zone, two Washington-based think-tanks said on Wednesday…
A consortium of companies including Equinor, Korea National Oil Corporation (KNOC) and the Korean power company Korea East-West Power (EWP) aim to develop a floating offshore wind project off the coast of Ulsan, South Korea.The 200 megawatt…
Cables manufacturer JDR Cables said it has signed a memorandum of understanding (MOU) with Taya Group, an electric wire and land cable manufacturer in Taiwan, which will see two companies collaborate on localization opportunities on future renewable energy projects in the area…
China's offshore oil and gas specialist CNOOC Ltd said on Wednesday it entered a framework deal with China Petroleum and Chemical Corp, or Sinopec Corp, to jointly study and explore mostly offshore oil and gas blocks.Under the deal, the two…
US-based independent Murphy Oil said it has completed the sale of its oil and gas assets in Malaysia to a subsidiary of Thai company PTT Exploration and Production (PTTEP).The transaction was announced in March 2019, with an effective economic valuation date of January 1…
The offshore wind turbine maker, MHI Vestas Offshore Wind A/S, signed a conditional contract of purchase with Taiwanese chemical group Swancor Holding Co Ltd to comply with the nation’s supply chain localization requirements.The agreement “goes…
APL, a business unit within NOV's Completion & Production Solutions segment, has secured the contract from South Korean builder Samsung Heavy Industries to supply a large submerged turret production (STP) system for a newbuild floating production…
An $800 million green loan facility launched by Ørsted brings together 15 banks to finance the company’s first commercial offshore wind farms in Taiwan.“Taiwan is eager to expand its share of renewable energy. The country’s financial institutions want to be a part of that green transition…
McDermott International said it was able to mitigate impact of two cyclones en route to completing the first of two offshore campaigns for Reliance Industries Ltd. KG-D6 R-Cluster subsea field development, in the Krishna Godavari Basin, located off the East Coast of India…
TechnipFMC announced on Monday it has been awarded 'significant' subsea contracts from India's Reliance Industries to build and install flexible risers, rigid and flexible flowlines and umbilicals for the the MJ1 field located offshore India in the deepwater Krishna Godavari basin…
