Gulf Energy Development Pcl said on Tuesday it acquired a 50% stake in a German offshore wind farm for about 558 million euros ($631.10 million) in the latest overseas investment by Thailand's second-largest power producer.Gulf Energy said acquiring the stake of the Borkum Riffgrund 2 Offshore Wind Farm (BKR2 Project), which has an installed capacity of 464.8 megawatts (MW), was in line with the company's strategy to expand its renewable energy business…
Shelf Drilling announced it has secured contract extensions for a pair of jack-up drilling rigs with Chevron Thailand Exploration and Production, Ltd. for operations in the Gulf of Thailand.The extensions for the Shelf Drilling Chaophraya and…
Claxton, the lead brand of Acteon's drilling and decommissioning business segment, said it has signed a master services agreement with Beacon Offshore for the severance and recovery of more than 100 subsea wells in the Gulf of Thailand.Sam Hanton…
Mermaid Maritime, a Thai-based offshore services company has entered into a joint venture with Singapore's Meitech, part of Indonesia's EPCI contractor Meindo, to target offshore decommissioning work in the Gulf of ThailandMermaid said the joint…
Oilfield services firm Halliburton will design and implement a series of digital transformation projects aimed at boosting production from Thailand-based PTTEP's offshore oil fields.Halliburton said Tuesday that it had won a contract to deliver…
Thai-based offshore services provider Mermaid Maritime has said it has launched a business branch focused on offshore transportation, installation and decommissioning.Mermaid said Tuesday its new business unit’s immediate target is potential…
Singapore-based oil and gas company KrisEnergy has suspended production from its Wassana oil field in the Gulf of Thailand citing Covid-19 pandemic and low oil prices. It will cut its Thailand workforce by 25 percent, too.'In view of the many…
Mubadala Petroleum and its partner Tap Oil have approved the 2020 Manora field development drilling program, with the first well set for spud this week.Tap Oil said Thursday that the three-well drilling campaign at the Gulf of Thailand would…
Thai energy company PTT Exploration and Production Pcl said on Monday its joint venture had made two deep-water oil discoveries in the Salina Basin, offshore Mexico.The Mexican subsidiary of PTTEP, Thailand's largest oil and gas producer, and…
KrisEnergy, a Southeast Asia-focused oil company, has started proceedings against FPSO owner Rubicon at the High Court of Justice Business and Property Courts of England and Wales.The oil company is reacting to a claim recently made by Rubicon demanding a $2…
State-run Electricity Generating Authority of Thailand said it will buy a second spot-market shipment of liquefied natural gas (LNG) on Tuesday.The state-owned PTT's Map Ta Phut LNG receiving terminal in the eastern part of Thailand will receive the 65…
Well completions specialist Tendeka has secured a three-year contract with Mubadala Petroleum, to supply sand-face completion equipment in Thailand.Under the deal, Tendeka will supply sand screens and autonomous inflow control devices (AICD) to Mubadala Petroleum’s Jasmine…
Malaysian offshore services company Dayang Enterprise has won a contract to provide modification works at CARIGALI-PTTEPI OPERATING COMPANY's (CPOC) offshore blocks.Dayang said on Tuesday that the contract was for modification works for Block B-17 & C-19 and B-17-01…
Thai oil company PTTEP reported a 40 percent rise in the full-year net profit, boosted by increased sales volumes from acquired assets and an increased stake in the Bongkot offshore field.Its 2019 net profit was 1,569 million, increasing by 40% from 2018…
The U.S. oil major Chevron has chartered a Shelf Drilling jack-up drilling rig on a long-term deal. Chevron will use the rig in Thailand.Shelf Drilling said on Tuesday that Chevron Thailand had contracted the Shelf Drilling Enterprise jack-up unit…
Subscribe
