Swedish floating wind farm designer Hexicon said it is teaming up with energy giant Shell to develop, construct and operate a floating wind farm approximately 40 kilometers offshore Ulsan.The project will be carried out under a joint development agreement signed by Shell and CoensHexicon…
China National Offshore Oil Corporation, or CNOOC, has issued a tender inviting foreign firms to jointly explore and produce oil and gas in the South China Sea and the Bohai Bay area, according to a statement posted on the company's website on Wednesday…
The oil and gas exploration and production company International Petroleum Corporation (IPC) has commenced drilling the first well in a planned multi-well drilling program on Block PM307, located offshore Peninsular Malaysia.Canada-based IPC…
Siemens Gamesa Renewable Energy (SGRE) has received the firm order from the Danish energy company and offshore wind giant Ørsted for their 900MW Greater Changhua 1 & 2a offshore wind power project in Taiwan.The project includes the Asia-Pacific variant of the SG 8…
Indonesian seaweed farmers were set to seek more than A$200 million ($137 million) from Thailand's PTT Exploration and Production in a trial starting on Monday, to cover damage they say they suffered after Australia's worst oil spill.The class action represents more than 15…
Japan's biggest oil and gas explorer Inpex Corp and the Indonesian government signed a basic agreement on the development of Indonesia's Abadi liquefied natural gas (LNG) project on Sunday, moving forward the $15 billion project.Inpex President Takayuki Ueda said the Japanese company…
India’s Oil and Natural Gas Corporation Limited (ONGC) has moved a record high 35 offshore drilling rigs to new locations ahead of the Indian monsoon season, said marine and offshore engineering consultancy Aqualis Offshore.Aqualis Offshore assisted with the majority of the rig moves…
Australia's fast-expanding liquefied natural gas industry has this year been supplying the lion's share of China's growing demand for imports of the commodity, with appetite surging as Beijing shifts away from dirtier fuels such as coal.Australia…
The global market for offshore wind operation and maintenance (O&M) is expected to grow by 17% annually to €11 billion ($12.4 billion) by 2028, according to new research from Wood Mackenzie Power and Renewables. The largest contributor is Europe…
Oil companies Reliance Industries Ltd (RIL) and BP announced on Tuesday they will jointly develop the deepwater MJ project offshore the east coast of India.MJ (also known as D55) is the third of three new gas projects in the Block KG D6 integrated development plan…
Lukoil said it has signed a preliminary agreement with Kazakhstan's state energy company to develop the I-P-2 license block in the Kazakh Sector of the Caspian Sea.Lukoil president Vagit Alekperov signed the Heads of Agreement deal with JSC NC KazMunayGaz chairman Alik Aidarbayev at the 23rd St…
UK based oilfield services company Expro said it has been awarded a multimillion dollar contract for Hindustan Oil Exploration Company Ltd (HOEC) in Mumbai, India.The seven-year contract will include the build, maintenance and operation of a…
The promise of jumbo project financings arising from Taiwan’s ambitious push to develop offshore wind farms is beginning to hold true as a flurry of loans compete for liquidity among the island’s lenders.Financings totaling at least NT$155bn (US$4…
Creditors of Singapore based Swiber Holdings Limited (SHL) and its main subsidiary, Swiber Offshore Construction (SOC), on Wednesday voted in favor of a restructuring proposal which will take the offshore services company one step nearer to…
Renewable energy investment in the Asia-Pacific region will overtake spending on oil and gas exploration by 2020, consultancy Rystad Energy said on Monday.Total capital expenditure in renewables will rise above $30 billion in the region by 2020…
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