5058 results found for 'Indonesia'

5058 results found for 'Indonesia'
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  • First steel cut for KrisEnergy’s Apsara wellhead platform

    9 December 2019
    Project & Tenders

    A ceremony to mark the cutting of first steel for the KrisEnergy’s minimum facilities wellhead platform for the Apsara oil field in Block A, offshore Cambodia, was held on Friday, December 6, 2019.

  • CNOOC eyes three more projects coming on stream in 2017

    19 January 2017

    China’s offshore oil company CNOOC is targeting three more offshore oil and gas projects coming on stream in 2017. Revealing its business plan for 2017, the company said the capex would be $10 billion.  The Chinese oil producer said on Thursday that five new projects were scheduled to begin production in 2017, two of which […]

  • Ingine eyes global expansion through international projects in 2022

    8 February 2022
    Business & Finance, Business Developments & Projects, Outlook & Strategy, Vision

    South Korean wave energy developer Ingine is preparing for its tenth anniversary with intentions for further global expansion and new projects to accelerate commercialisation as part of the growth plans for 2022.

  • Aquaterra adds new manager to expand its Asia-Pacific footprint following regional revenue boost

    13 January 2022
    Business & Finance, Business Developments & Projects, Carbon Capture Usage & Storage, Human Capital, Outlook & Strategy

    Aquaterra Energy has added a new manager to its Asia-Pacific team to pursue further expansion and growth in the region.

  • The Ocean Cleanup, Konecranes team up on series production of river plastic extractor

    10 December 2020
    Business Developments & Projects, Collaboration, Environment, Technology

    The Ocean Cleanup and Konecranes have partnered up to design, manufacture, and service The Ocean Cleanup’s Interceptor, which will be extracting plastic from rivers before entering the ocean.

  • Floating Production Newbuild Market Steady

    7 September 2014
    Business & Finance

    Floating production systems remained in demand this year as the offshore gas and oil industry have spent over USD 16 billion on newbuild contracts, Energy Maritime Associates (EMA) announces in its analysis of the floating production sector published in 2014 Q3 Report for FPSOs, Semis, TLPs, FLNGs, FSRUs, and FSOs. According to EMA, the inventory of Floating […]

  • Drydocks World, Adnatco and NGSCO Discuss Cooperation Strengthening (Dubai)

    4 May 2011

      Drydocks World, the Dubai-based maritime service provider, and Abu Dhabi National Tanker Company & National Gas Shipping Company (Adnatco & NGSCO), the shipping arm of ADNOC and its Group of Companies, reviewed ways of further strengthening their trade cooperation to stimulate oil and gas industry and trade in the Middle East. This was decided […]

  • IMO, Germany team up to cut shipping emissions in Asia

    29 April 2021
    Authorities & Government, Business Developments & Projects, Collaboration, Environment, Outlook & Strategy

    The International Maritime Organization (IMO) and Germany have teamed up on a project to identify opportunities and solutions to prevent and cut transport emissions in Asia.

  • UK’s EnerMech to Open Seven New Offices in Asia Pacific

    21 March 2012
    Business & Finance, Equipment

    EnerMech, the mechanical engineering company, has announced a major expansion in the Asia Pacific region, India and Australia which will see the opening of seven new offices. The company already has well established bases in Singapore, and in Perth and Melbourne, and in the last two years has invested £15 million to establish its business […]

  • Climate-neutral sailing ship for the Marshall Islands launched in South Korea

    16 November 2023
    Business Developments & Projects, Collaboration, Environment, Infrastructure, Outlook & Strategy, Regulation & Policy, Technology, Transition, Vessels, Vision

    An environmentally sailing ship intended for the Marshall Islands has been launched in South Korea.

  • UK and US forge energy alliance to ‘bring down prices and help end dependence on Russian energy once and for all’

    7 December 2022
    Business Developments & Projects, Collaboration, Outlook & Strategy, Transition

    UK and US have formed a new energy partnership to increase energy security and drive down prices, as part of an initiative announced today by Prime Minister Rishi Sunak and US President Joe Biden. Under the new ‘UK-US Energy Security and Affordability Partnership’, the parties will work together to reduce global dependence on Russian energy […]

  • GBI Research: Australia to Overtake Qatar in LNG Exports

    26 November 2012

    LNG has been embraced as a commercially attractive and eco-friendly fossil fuel, and the global industry is set to see the emergence of new gas giants, with Australia competing against traditional LNG exporters such as Qatar, states new research by energy experts GBI Research. The report states that natural gas has experienced growing demand worldwide, […]

  • Frost & Sullivan: EPC Contractors Using FLNG and Mini-LNG Plants to Cater to End-User Demand

    26 March 2014

    The environmental benefits that LNG offers over oil and coal are encouraging the development of natural gas-fired power plants to meet the intensifying energy demand in the Asia-Pacific (APAC) economies. Along with the need for more floating regasification terminals – that reduce the time required to receive cargoes – this is expected to strengthen the […]

  • Oil prices fall on rising OPEC crude production

    2 May 2016

    Oil prices fell on Monday as rising production in the Middle East outweighed a decline in U.S. output and a recent slide in the dollar, which has been supporting crude.

  • Allianz: Shipping Losses See Downward Trend but Risk Challenges Remain

    13 June 2017

    Large shipping losses have declined by 50% over the past decade, largely driven by the development of a more robust safety environment by shipowners, according to Allianz Global Corporate & Specialty SE’s (AGCS) fifth annual Safety & Shipping Review 2017. 85 large vessels were lost worldwide in 2016, down by 16% when compared with a […]

  • OPEC oil output hits record high in June on Nigerian rebound

    30 June 2016

    By Alex Lawler LONDON (Reuters) – OPEC’s oil output has risen in June to its highest in recent history, a Reuters survey found on Thursday, as Nigeria’s oil industry partially recovers from militant attacks and Iran and Gulf members boost supplies. Higher supply from major Middle East producers except Iraq underlines their focus on market […]

  • BW Offshore in arbitration with Addax. Statoil, Petronas not extending FPSO deals

    28 November 2016
    Infrastructure

    Norwegian FPSO supplier BW Offshore has been informed by Statoil and Petronas that the contracts for two FPSO units will not be extended and will run out next year. On top of this, the company has initiated arbitration against a client who is not paying an FPSO lease. All this was revealed by BW Offshore on […]

  • Statoil to drill more exploration wells in 2017

    4 January 2017

    Norwegian state-owned oil giant Statoil plans to drill around 30 exploration wells in 2017, an increase of around 30 percent compared to 2016. More than half of the wells will be drilled on the Norwegian Continental Shelf (NCS), Statoil said on Wednesday. “Taking advantage of our own improvements and changed market conditions, we have been […]

  • Santos Acquires Additional Interests in Bangladesh

    4 November 2010

    Santos today announced a further step in its focused Asian growth strategy with the execution of a sale and purchase agreement with Cairn Energy Plc for the acquisition of Cairn’s interests in Bangladesh. The transaction comprises Cairn’s interests in Block 16 (Sangu) and Block 16 (Exploration), located in the Bay of Bengal, offshore Bangladesh. Santos […]

  • New alliance to build Asia Pacific’s 1st zero-emission all-electric tug

    23 February 2022
    Business Developments & Projects, Collaboration, Environment, Infrastructure, Innovation, Outlook & Strategy, Regulation & Policy, Transition, Vessels, Vision

    A new alliance has been formed to construct the first all-electric, zero carbon emission harbour tug in the Asia Pacific region.

  • Exxon Mobil reduces 2015 capex by 12%

    4 March 2015

    U.S. oil giant Exxon Mobil today said it expects its capital expenditure for 2015 will be $34 billion in 2015 – 12 percent less than in 2014. The company further said that annual capital and exploration expenditures are expected to average less than $34 billion in 2016 and 2017. “We are capturing savings in raw materials, service, […]

  • UK: Bibby Offshore Invests in ROV Fleet

    26 October 2012
    Business & Finance, Equipment

    Aberdeen-based subsea installation contractor Bibby Offshore has announced investment of around £11million in Remotely Operated Vehicle (ROV) systems for its latest division, Bibby Remote Intervention Limited (BRIL). Initial investment of close to £4million has been made in ROV systems for Bibby Offshore’s fleet of Diving Support Vessels (DSVs) to bring the service provision in-house, while […]

  • India: Essar Projects to Complete D1 Development Project for ONGC

    9 February 2012
    Business & Finance, Equipment, Operations & Maintenance

    Essar Projects has announced the completion of Rs.1,064crores D1 Development Project for ONGC by end-March 2012. The project includes installation of three offshore platforms, laying of subsea pipelines to connect the three platforms to the existing floating production, storage and offloading (FPSO) through a Pipeline End Manifold (PLEM). All new platforms, the PLEM and the […]

  • Lundin 4Q to suffer due to impairments and exploration costs

    21 January 2015
    Business & Finance

    Sweden’s Lundin Petroleum has informed that its 4Q 2014 profitability will suffer due to expensed exploration costs, impairment charge and foreign currency exchange loss, mainly related to the revaluation of loan balances. The company says that these items are largely non-cash charges and will have no impact on operating cash flow or EBITDA. During the fourth quarter […]

  • Malaysia: Coastal Group Sells Ten Offshore Support Vessels

    11 July 2012

    Coastal Contracts Bhd (together with its subsidiaries “Coastal Group”) announced that its wholly-owned subsidiaries, Coastal Offshore (Labuan) Pte Ltd, Thaumas Marine Ltd and Pleasant Engineering Sdn Bhd, have collectively secured contracts for the sale of ten units offshore support vessels (OSV) and two units low-end vessels for an aggregate value of approximately RM446 million(approx USD […]