Offshore Asia News - page 96

 

Gastech 2021 to be Held in Dubai Instead of Singapore

Jun 08, 2021

Gastech, one of the world's largest exhibitions and conferences focused on gas and LNG will take place in Dubai, from 21-23 September 2021, instead of Singapore, as previously planned, event's organizers, dmg events, said Monday.The event will…

Eni to Tie Maha 2 Discovery to Jangkrik FPU

Jun 07, 2021

Italian oil and gas company Eni has said it has successfully drilled and tested the Maha 2 appraisal well offshore Indonesia, and will most likely tie it to the Jangkrik floating production unit.The well is located in West Ganal block offshore Kalimantan…

KrisEnergy Files for Liquidation as Apsara Field Fails to Deliver

Jun 04, 2021

KrisEnergy, an oil and gas company focused on Southeast Asia, said Friday it had filed a winding-up petition and that it would proceed to liquidation due to its inability to pay debts.KrisEnergy warned about this outcome back on March 31 when it said that the production from the Apsara field…

Transformative Deal: Hibiscus to Pay $212.5M for Repsol's Offshore Blocks in Vietnam and Malaysia

Jun 04, 2021

Malaysian oil and gas company Hibiscus Petroleum has confirmed it has agreed to buy Repsol’s interest in oil and gas assets in Malaysia and Vietnam for $212.5 million.The announcement comes after Repsol earlier this week announced the sale to Hibiscus…

McDermott Completes KG-D6 Satellite Cluster Work of India

Jun 04, 2021

McDermott International has this week said it has completed work on Reliance Industries Limited KG-D6 Satellite Cluster Project, off the east coast of India, dubbing the project a historic one, involving 'many firsts.''McDermott's work on the…

Petronas Speeds Up Field Development Planning with Schlumberger's Software

Jun 02, 2021

Oilfield services and technology company Schlumberger has announced an enterprise-scale deployment of advanced digital solutions for the Malaysian oil and gas giant Petronas, to speed up the oil firm's field development planning.According to Schlumberger…

Repsol Sells E&P Assets in Malaysia, Vietnam to Hibiscus Petroleum

Jun 01, 2021

Spanish oil company Repsol is set to sell its oil and gas exploration and production assets in Malaysia and in Block 46 CN in Vietnam to Malaysia-based Hibiscus Petroleum for an undisclosed fee.Repsol said that the sale of its upstream assets…

Petronas, TechnipFMC Sign Limbayong SURF Contract

Jun 01, 2021

Malaysian oil and gas company Petronas on Tuesday confirmed the contract award to TechnipFMC for the engineering, procurement, construction, installation, and commissioning for a subsea production system, umbilical, riser, and flowline (SURF) for its Limbayong deepwater development…

Petronas Says Demand Recovery Uncertain as 1Q Profit Doubles

May 31, 2021

Petronas's first-quarter profit more than doubled on the back of recovering commodity prices, but the Malaysian state oil firm cautioned demand prospects hinged on vaccines preventing a resurgence of the COVID-19 pandemic.Petronas said on Monday it made a post-tax profit of 9…

TotalEnergies Says It Did All It Could to Limit Gas Field Revenues Reaching Junta in Myanmar

May 28, 2021

Energy giant TotalEnergies said on Friday it had gone as far as it could for now to limit the revenues going to the military junta in Myanmar while staying within a legal framework and assuring power supplies.Total and U.S. energy company Chevron…

Japan to Need Months to Resume Iran Oil Imports if Sanctions Lifted

May 28, 2021

Japanese refiners will need at least three months to resume Iranian oil imports even if Tehran's nuclear talks with world powers lead to an agreement and a lifting of sanctions, the head of the Petroleum Association of Japan (PAJ) said on Thursday…

Brunei: Zell Transportation Extends Icon Kayra Charter

May 28, 2021

Bursa Malaysia-listed offshore vessel owner Icon Offshore has secured a contract extension for its vessel Icon Kayra with Zell Transportation.The fixed contract portion for the offshore services vessel is for 17.5 months. ZT will have further options yearly extension options for four years…

Fred. Olsen Windcarrier Brings in $151M in Offshore Wind Contracts

May 28, 2021

Offshore wind installation company Fred. Olsen Windcarrier (FOWIC) said Friday it had over the previous two months signed three new turbine transport and installation contracts with a combined value of up to 124 million euros ($151 million)…

LNG Demand in Asia to Slow Down Next Year

May 27, 2021

Liquefied natural gas (LNG) demand growth in Asia will slow down next year as the economic recovery stagnates and the capacity of competing fuels nuclear and coal expand in Japan and South Korea, research consultancy Wood Mackenzie said on Thursday…

Ørsted, Posco Ink Offshore Wind, Green Hydrogen MoU

May 27, 2021

Denmark-based offshore wind developer Ørsted has signed a memorandum of understanding with South Korea's Posco to collaborate in the space of offshore wind and renewable hydrogen.Under the agreement, Posco will support the development of Ørsted's 1…

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