PETRONAS has officially named its second floating LNG (FLNG) facility, PFLNG DUA. The FLNG facility opens a new source of supply for cleaner energy as it is designed to extract gas ...
Read Article »Sixth extension for Yinson FPSO in Vietnam
Malaysian FPSO provider Yinson has agreed to yet another short-term extension for its FPSO PTSC Lam Son, offshore Vietnam. The company’s Vietnam JV PTSC AP on November 29 signed a ...
Read Article »Red Emperor mulling acquisition of large offshore block in Australia
Shares of Australia-based Red Emperor Resources spiked on Monday after the company signed a binding letter of intent to secure an option over an interest in a large offshore block ...
Read Article »Petronas in for third FLNG unit if economics right
Malaysian oil and gas company Petronas would build a third Floating LNG unit if there’s a demand, Malaysian news agency Bernama reported Monday, citing the company’s executives. Petronas last week ...
Read Article »Power Outages remain a big issue for Data Centres
The Uptime Institute’s Annual Data Centre Survey has shown that a third of respondents have suffered some form of power-outage in the past year. An alarming 10% of those reported ...
Read Article »Telecommunications giant focuses on energy resilience using Cresthic loadbanks
Creschic Loadbanks has supplied BT with a state-of-the-art 600kw loadbank trailer set. Already a Cresthic customer, the purchase reinforces the telecommunications giant’s commitment to regular testing of its UPS and ...
Read Article »Seadrill grabs multi-well contract for West Carina drillship
Offshore drilling company Seadrill has won a contract for its West Carina drillship with Thai PTTEP. The contract is expected to begin in January 2020 and last until June. The ...
Read Article »Worldwide offshore rig count in October up 37 rigs year-over-year
The worldwide offshore rig count in October 2019 decreased by two units sequentially, but increased by 37 units year-over-year, according to reports by Baker Hughes Company. BHGE splits its rig ...
Read Article »Rystad: New mega-projects in Southeast Asia to boost investments in oilfield service space
A fresh wave of offshore project sanctions across Southeast Asia could boost greenfield investments in the oilfield service space by almost 70% in 2020, according to energy intelligence firm Rystad ...
Read Article »ADNOC Drilling to buy ‘dozens’ of drilling rigs by 2025
UAE-based ADNOC Drilling has announced a major drilling rig fleet expansion program saying it would order dozens of drilling rigs by 2025. The drilling subsidiary of Abu Dhabi’s national oil ...
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