U.K.-based oil firm EnQuest, and its joint venture partners, have been confirmed as the winning bidders for two Production Sharing Contract (PSC) blocks in Indonesia鈥檚 Papua Barat, including Gaea and Gaea II.The blocks present a multi-Tscf unrisked resource potential for EnQuest and its joint venture partners.Subject to the execution of the PSC, EnQuest will be designated as the PSC operator with a 40% working interest鈥
Singapore-based MacArtney Asia was appointed regional reseller for Teledyne RD Instruments鈥 Acoustic Doppler Current Profilers (ADCP) and Doppler Velocity Log (DVL) products.鈥淲e are thrilled to be appointed as the regional reseller for Teledyne RDI ADCP and DVL products鈥
Whereas the foundations of commercial offshore wind development are found in Europe (and Europe will remain the largest overall regional market for offshore wind activity in the coming decade), the rapid development of the large East Asia and鈥
Asian spot liquefied natural gas (LNG) prices rose to their highest in over eight months, with warmer temperatures across the region boosting power demand for cooling purposes.The average LNG price for October delivery into north-east Asia LNG-AS was at $14鈥
TotalEnergies has signed two new medium and long-term contracts with Korea South-East Power and Indian Oil Corporation (IOCL) for the supply of LNG in Asia.TotalEnergies reached a sales and purchase agreement (SPA) with Indian Oil Corporation (IOCL) for the delivery to India of up to 800鈥
Extreme temperatures across Asia are driving up liquefied natural gas (LNG) demand in the region as importers seek cargoes ahead of summer, with imports in South Asia hitting records.This could tighten available supply and further lift Asian spot prices that have already gained a third since April鈥
Russia will likely open its first liquefied petroleum gas (LPG) terminal on the Pacific Ocean coast with joint investments from China by the end of 2025, two industry sources said on Wednesday.Last week, Russian Direct Investment Fund (RDIF)鈥
The Taliban has agreed with Kazakhstan and Turkmenistan to build a logistics hub in western Afghanistan aimed at making the war-torn nation a major logistics point for regional exports, including oil from Russia to South Asia, the country's commerce minister said鈥
Chevron is sending cargoes of Kazakhstan's CPC Blend oil to Asia around Africa's Cape of Good Hope rather than via the Red Sea to avoid the risk of attacks by Yemen鈥檚 Houthis, according to three industry sources and LSEG ship-tracking data.The鈥
Norwegian marine seismic survey services firm Seabird Exploration has signed a Letter of Award for a 2D contract in the Eastern Hemisphere with a repeat client. The duration of the contract is expected to be around three months. Pending customary permitting and prefunding approvals鈥
India's diesel exports to Singapore are set to hit a 19-month high in August and exceed 330,000 metric tons, boosted by cheaper freight costs and low inventories in the Asian oil hub, traders and analysts said.The country's exports of the fuel for August to Europe鈥
PTSC South East Asia (PTSC SEA) has received a 5-year extension for the bareboat charter contract for FSO PTSC Bien Dong 01.PTSC South East Asia is a joint venture between Malaysia's Yinson Production (鈥淵P鈥) and PetroVietnam Technical Services Corporation (PTSC)鈥
A tidal-energy demonstration off the grid of Singapore will start generating power for the first time in South East Asia.NYK is participating in the demonstration project, which is being conducted by Bluenergy Solutions, a marine renewable energy solutionprovider鈥
Elenergy Co Ltd, a Korean renewable energy development firm, has hired DNV as the owner's engineer for its 1.5 GW fixed-bottom Chujin offshore wind project.The Chujin offshore wind farm will be the largest commercial-scale offshore wind farm in South Korea鈥
A consortium between the offshore engineering firm DORIS and the Korean shipbuilding and offshore engineering giant Hyundai Heavy Industries has won a Front-End Engineering Design (FEED) contract for a floating wind project in South Korea.The鈥
