Malaysia’s Hibiscus Petroleum has completed the acquisition of Repsol’s E&P assets in Malaysia and Vietnam.
2021 saw 704 vessels sold for scrap overall, with a combined deadweight tonnage of 26.4 million and a total scrap value of $2.7 billion, a report released by VesselsValue shows.
Strategic Marine has inked a deal to build a 40m fast crew boat (FCB) with a new Malaysia-based client, Blue Petra.
MISC Berhad announced that the MDFT had recently entered into an agreement with PTTEP to extend a charter contract for an FPSO off Sabah.
KUFPEC has revealed its first operated offshore gas discovery, following a successful drilling campaign in the Anambas Block, off Indonesia.
Global upstream merger and acquisition deals rebounded to pre-Covid-19 levels in 2021, reaching a total of $181 bln, Rystad Energy’s says.
UK subsea services firm OMS International (OMSi), a subsidiary of Offshore Marine Management Holdings (OMMH), has entered the Taiwanese offshore wind market by signing a memorandum of understanding (MoU) with Alliance Energy. OMSi Taiwan’s investment strategy is to combine local resources with offsh
South Korean classification society Korean Register (KR) has signed a memorandum of understanding (MOU) with the Korea Research Institute of Ships & Ocean Engineering (KRISO) to develop technologies for green ships.
TotalEnergies has decided to withdraw from its operations in Myanmar following a military coup in the country in February 2021.
Malaysia’s Bumi Armada has arranged to sell its stake in four subsidiaries holding three ice-class vessels to Russia’s Lukoil.
Finnish technology group Wärtsilä has been contracted to supply the main and harbour engines for a series of seven new Arctic shuttle tanker vessels being built at the Samsung Heavy Industries (SHI) yard in South Korea.
Westwood Global Energy has revealed that frontier exploration drilling fell to the lowest level ever recorded by the company.
