Offshore Asia News - page 2

 

Chinese Ships Ignore Vietnam Demand to Leave Area Close to Russian-run Offshore Gas Fields

May 26, 2023

A Chinese research ship and five escort vessels were in Vietnam's exclusive economic zone (EEZ) on Friday, close to gas blocks operated by Russian firms in the South China Sea, a day after Vietnam urged the ships to leave.The Chinese vessel…

Malaysia's Anti-graft Agency Says Probing Petronas, International Oil Firm

May 26, 2023

Malaysia's Anti-Corruption Commission (MACC) on Friday said it is investigating allegations of corruption involving state oil firm Petronas and an international oil and gas company.Petronas has cooperated fully with the commission in the investigation…

LS Cable & System to Supply Subsea Cables for Ørsted's Giant Offshore Wind Farms in Taiwan

May 26, 2023

South Korea-based power cable supplier LS Cable & System on Thursday signed a subsea cable supplier agreement with offshore wind developer Ørsted for Ørsted’s Greater Changhua 2b and 4 offshore wind projects in Taiwan.The 920MW projects Changua 2b and 5…

Floating Solar Market Set to Surpass 6 GW by 2031, Says Wood Mackenzie

May 25, 2023

The global floating solar market is expected to pass the six-gigawatt (GW) threshold by 2031, as PV developers struggle to meet growing solar demand and look to alternate development technologies, energy intelligence firm Wood Mackenzie said in a report Wednesday…

Weststar Orders Five Helicopters from Leonardo. Signs Sustainable Fuels MoU with Petronas

May 24, 2023

Weststar Aviation Services, a company providing offshore helicopter transportation services provider in Southeast Asia, has agreed to buy five AW139 helicopters from Leonardo. The companies have also signed the AW609 tiltrotor aircraft partnership agreement…

Hibiscus Petroleum Sets Record with Longest Well Drilled Offshore Malaysia

May 24, 2023

Malaysia's Hibiscus Petroleum said Wednesday its subsidiary Hibiscus Oil & Gas Malaysia Limited, had completed the longest well drilled in Malaysia at the Bunga Orkid field in the northern area of the PM3 CAA PSC.The PM3 CAA PSC is a commercial arrangement area between Malaysia and Vietnam…

Bangladesh's Moheshkhali LNG Terminal Back to Nearly Full Capacity

May 22, 2023

Bangladesh's Moheshkhali liquefied natural gas (LNG) terminal, operated by Excelerate Energy, resumed supply at nearly full capacity late on Sunday, two government officials told Reuters, after being closed for about a week due to a deadly storm…

CNOOC's Floating Wind Turbine Starts Powering Offshore Oil Fields

May 22, 2023

China's CNOOC Limited said Monday that the Wenchang deep-sea floating wind demonstration project has been connected to the grid for power generation. The demonstration project is located near the Wenchang oilfields in the western part of the South China Sea…

Sakhalin Energy Sues Svitzer over Tugboats

May 19, 2023

Russia's Sakhalin Energy operating company has filed a lawsuit in a Russian court over tugboats owned by Denmark's Svitzer, a unit of shipping and oil group A.P. Moller-Maersk, court documents showed on Thursday. The Russian court on the Pacific…

Vietnam Bets Big on LNG, South China Sea Gas Fields Amid Supply, Security Risks

May 17, 2023

Vietnam's plan to quadruple by 2030 its gas processing capacity, turning it into its first source of energy, marks a big bet on imported liquefied natural gas (LNG) and its reserves in the South China Sea, despite supply and geopolitical risks…

Kuwait's Oil Firm Seeks to Exit Norway

May 16, 2023

Kuwait's overseas oil and gas division has launched a sale process for its Norwegian assets as part of its focus on newer exploration and production hubs, industry sources said. Kuwait Foreign Petroleum Exploration Company (Kufpec) hired Scotiabank to run the sale…

Taiwan's Formosa 2 Offshore Wind Project Officially Inaugurated

May 16, 2023

Construction of the Formosa 2 offshore wind project in Taiwan has been completed, with the milestone marked by an inauguration ceremony at the Waipu Fishing Port in Miaoli to celebrate the successful construction of the offshore wind farm. With…

Japan Picks Five Promising Zones for Offshore Wind Farms

May 12, 2023

The Japanese government said on Friday it had chosen five sites off the coast of Hokkaido as 'promising zones' for developing offshore wind farms, marking the second stage in a three-part selection process. The move comes as Japan looks to accelerate…

Gulf of Thailand: Uzma Clinches 3-Year Coil Tubing Contract with Valeura Energy

May 11, 2023

Malaysia-based energy industry services firm Uzma has, via its Thai subsidiary MMSVS secured a contract with the oil company Valeura Energy Inc.The three-year contract is for the provision of coil tubing equipment and services in the Gulf of Thailand…

Taiwan's Offshore Wind Industry Braves Cross-strait Risks in Clean Energy Boom

May 11, 2023

In the port city of Taichung on Taiwan's west coast, a crane hoists into place the end section of a white wind turbine tower that stands almost a hundred meters tall.The turbine will be one of 111 spinning at a multi-billion dollar offshore wind…

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