Pan Ocean News

 

Woodside Exits Myanmar, Flags $138M Profit Hit

Jan 27, 2022

Woodside Petroleum Ltd joined on Thursday multinational oil majors Chevron Corp and TotalEnergies in their plans to exit Myanmar, nearly a year after a military coup plunged the Southeast Asian nation into turmoil.Myanmar has faced unrest since the army overthrew the elected government in February 2021 and detained its leader Aung San Suu Kyi. The junta has been accused of using brutal force to put down protests…

EnQuest Sends Arbitration Notice to Barakah Offshore

Feb 08, 2022

Oil company EnQuest has sent a notice of arbitration to the Malaysian offshore oilfields services firm Barakah Offshore Petroleum regarding a dispute in which an adjudication decision was made in January ordering EnQuest to pay around $17,1 million…

KF Wind Gets 'Key' License for Giant Floating Wind Farm in South Korea

Jan 25, 2022

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…

Blue Petra Orders Fast Crew Boat from Strategic Marine

Jan 24, 2022

Strategic Marine, a Singapore-based shipbuilder, has received an order for the construction of a 40-meter Fast Crew Boat from Blue Petra Sdn Bhd, a subsidiary of Great Ocean Supply & Services, based in Malaysia.Great Ocean is a licensed Petronas…

Sourcing Seismic with Subsea Swarms

Dec 15, 2021

Swarm behavior of underwater vehicles has long been on the wish list. Couple that with collecting seismic data and you have an interesting challenge. The seismic industry has a track record for innovation – Blue Ocean Seismic Services is taking on the latest challenge…

Nippon Foundation, DeepStar Launch Joint Decarbonization R&D Program

Dec 06, 2021

The Nippon Foundation signed a Memorandum of Understanding (MoU) with the offshore technology development consortium DeepStar to establish a joint research and development program focused on decarbonization in offshore oil and gas, with a focus on renewable energy and the environment…

Samsung Heavy Industries Finds Buyer for Drillship Ordered in 2014

Dec 02, 2021

South Korean shipbuilder Samsung Heavy Industries said Wednesday it had found a buyer for a drillship originally ordered in 2014.The company said the drillship had been sold to a European drilling company, without sharing the identity of the buyer…

Tanjung Offshore Secures $35,9M in PTTEP, Petronas Offshore Contracts

Nov 17, 2021

Malaysian offshore services provider Tanjung Offshore, a subsidiary of T7 Group, has secured two contracts worth a combined value of about RM150 million (around $35,9 million), with oil firms Petronas and PTTEP.For Malaysia's Petronas Carigali…

Deme Offshore, Penta Ocean Form Offshore Wind Installation JV in Japan

Nov 02, 2021

Belgium-based offshore installation company Deme Offshore has in partnership with Japan's Penta-Ocean Construction formed a new joint venture company specializing in offshore wind installation called Japan Offshore Marine.'Through [Japan Offshore Marine]…

India Receives First LNG Cargo from Yamal LNG Project

Oct 26, 2021

India received its first import of liquefied natural gas (LNG) from Russia's Yamal LNG project over the weekend, Refinitive Eikon LNG flows data showed.The cargo was supplied by Russian gas company Gazprom under its long-term LNG sales deal with GAIL (India) Ltd…

Carnegie Launches Wave Energy Device to Power Moored Vessels

Oct 20, 2021

ASX-listed wave energy technology company Carnegie Clean Energy has launched a CETO-derived wave energy product designed for moored vessels, which 'offers a solution to the challenge of securing clean and reliable energy for offshore activities…

Sapura Energy Nets $284M in Offshore Contracts

Jul 23, 2021

Malaysia's offshore services firm Sapura Energy has won new contracts worth RM1.2 billion (around $284 million) in its Engineering and Construction (E&C), Operations and Maintenance (O&M) and Drilling divisions.In Engineering & Construction…

Saipem Charters Ultra-deepwater Drillship from Samsung Heavy Industries

Jun 29, 2021

Italian oilfield services giant Saipem has chartered a newbuild drillship directly from South Korea's Samsung Heavy Industries shipyard.Saipem expects the drillship - named Samsung Santorini - to be delivered in November 2021, when the Italian…

Fred. Olsen Ocean, Shimizu in Offshore Wind Pact

Jun 29, 2021

Fred. Olsen Ocean (FOO), including its subsidiaries Fred. Olsen Windcarrier (FOWIC) and Global Wind Service (GWS), on Tuesday announced a partnership with Shimizu Corporation (Shimizu) to support growth and development in the offshore wind industry in Japan and worldwide…

Petronas Dismisses Reports on 'Exploratory Talks' with Ocean Wind as False

May 10, 2021

Malaysian oil and gas giant Petronas has dismissed reports of the company's involvement in talks with Hong Kong-based offshore wind company Ocean Wind International Industrial Limited as false.'Petronas refers to news reports that have emerged…

Logistics News

America's Ports to Reduce Air Pollution with $150 Million Grant

America's Ports to Reduce Air Pollution with $150 Million Grant

Energy Transition: LNG Prices Plummet, Dual-fuel LNG Newbuilds Rise

Energy Transition: LNG Prices Plummet, Dual-fuel LNG Newbuilds Rise

Simulators Track our Changing Relationship with Technology

Simulators Track our Changing Relationship with Technology

Wallenius Wilhelmsen Inks Long-Term Lease for Georgia’s Brunswick Port

Wallenius Wilhelmsen Inks Long-Term Lease for Georgia’s Brunswick Port

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