A South African high court today blocked Shell from conducting seismic testing offshore from South Africa's pristine Wild Coast, in the latest ruling in a case seeking to prevent the oil major from exploring for oil and gas.On Dec. 3 a different high court order gave Shell the go-ahead to conduct an extensive seismic survey off South Africa's eastern coast, but this is stopped by Tuesday's ruling that…
Korea Floating Wind (“KF Wind”), a joint venture between Ocean Winds and Aker Offshore Wind, has secured its first Electric Business License (EBL) from South Korea's Ministry of Trade, Industry, and Energy for a capacity of 870MW.According to Aker Offshore Wind…
Korean Energy Agency (KEA) has selected assurance provider DNV to deliver Type Certification services for the South Korean wind energy market. 'This new DNV service for the Korean market will result in a convenient and cost-effective process…
Australia's parliament on Thursday passed legislation setting a framework for developing offshore wind farms and transmission lines, in a big boost to several multibillion-dollar proposed projects as the country looks to replace coal-fired power…
Norway's Equinor said on Wednesday it has signed an agreement with Korean East-West Power (EWP) to cooperate on offshore wind projects in South Korea.The memorandum of understanding with state-owned EWP covers wind turbine projects with a capacity of 3 gigawatts (GW)…
South Korea's Posco and Malaysia's Petronas Carigali have been awarded a Production Sharing Contract (PSC) for Block PM524, offshore Malaysia.Posco is the operator with an 80 percent stake and Petronas Carigali, a subsidiary of Petronas holds the remaining 20 percent…
The market hasn't exactly cheered BHP Group's proposed exit from its oil and gas business, with shares of both the mining giant and the acquirer, Woodside Petroleum, tumbling in the wake of deal.A point of concern for investors is that BHP may have sold the assets too cheaply…
French engineering company GTT has won orders from South Korean shipyards Hyundai Samho Heavy Industries (HSHI) and Daewoo Shipbuilding & Marine Engineering (DSME) to design tanks for two new LNG carriers.GTT will design the tanks of the vessels which will each offer a cargo capacity of 174…
Danish engineering company Ramboll has said it has secured five contracts in the past ten months for offshore wind farms located in Japan, China, Taiwan, and South Korea, and that it expects fivefold offshore wind business growth in the region in the next five years…
Qatar Petroleum has signed agreements with France's TotalEnergies to acquire interests in three offshore exploration blocks in South Africa.Subject to regulatory approvals, Qatar Petroleum will hold a 25% stake in the South Outeniqua block, a 30% interest in the DWOB block…
The world's largest offshore wind developer Orsted is concerned that Big Oil's eagerness to harness wind at sea could push up prices for seabed leases, making the technology less competitive, its chief executive told Reuters.European oil firms including Total…
Malaysia's Petronas has awarded the Production Sharing Contract (PSC) for the South East Collins Cluster under the newly introduced Small Field Asset (SFA) PSC terms, to Vestigo Petroleum.The South East Collins Cluster, located in water depths of 42 to 45 meters 70km northeast of Labuan Island…
Australia's southern states will need to import natural gas to fill a looming shortfall by 2024, as last year's COVID-19 induced oil and gas price slump has slowed investment in new fields, the country's competition watchdog said on Tuesday…
Four ministers from Japan and Britain voiced serious concern on Wednesday about the situation in the East and South China seas and opposed any unilateral attempts to change the status quo, in a apparent reference to China’s maritime expansion…
The Trump administration added China’s CNOOC to a U.S. economic blacklist on Thursday, accusing the oil giant of helping Beijing intimidate neighbors in the South China Sea and ratcheting up tension days before U.S. President-elect Joe Biden takes office…
