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News
Latest chapter up and running at Chinese oilfield project housing 19 offshore platforms - Offshore Energy
1+ hour, 2+ min ago (381+ words) According to ConocoPhillips, Bohai Phase 5 is now fully online, adding two new wellhead platforms, four platform expansions, and 91 wells to the CNOOC-operated Penglai field in Block 11/05 of Bohai Bay in the south-central Bohai Sea at an average water depth of…...
Mermaid Maritime establishes formal US presence - Offshore Energy
5+ hour, 19+ min ago (275+ words) Mermaid Maritime establishes formal US presence Offshore-Energy.biz Mermaid Maritime establishes formal US presence Thailand-headquartered subsea and offshore drilling services company Mermaid Maritime Public Company Limited is continuing its geographical expansion journey with the establishment of a formal corporate presence…...
GEOxyz brings survey expertise to South Korea through local partnership
2+ week, 2+ hour ago (279+ words) Offshore Energy GEOxyz brings survey expertise to South Korea through local partnership Belgium-headquartered GEOxyz is bringing its capabilities to South Korea with the establishment of a strategic partnership with local companies for the provision of offshore survey services. GEOxyz reported…...
Industry players unite to form UAE’s first shipbuilding consortium
2+ mon, 3+ week ago (280+ words) A group of national industry players has come together to form the first shipbuilders consortium in the United Arab Emirates (UAE), which will work toward aligning national shipbuilding capabilities to drive maritime innovation and growth. According to AD Ports, the…...
Middle East conflict: Energy security risks and price shocks as market volatility hits supply chains
4+ mon, 1+ week ago (1076+ words) The company underlines that price caps are expected to limit the impact on end consumers in both markets. The firm’s analysis shows that regulatory mechanisms and subsidies will delay or dampen price increases elsewhere, with Thailand’s fuel tariff adjustment not…...
Hormuz shutdown ramifications: Oil price hike to hit $100 as Asia-Europe LNG battle looms
5+ mon, 4+ day ago (957+ words) As the closure of the Strait of Hormuz, through which 15% of global oil and 20% of global liquefied natural gas (LNG) supply flows, evokes fears of a major energy shock, analysts at Wood Mackenzie, an energy intelligence group, have warned that…...
High-tech 'wall of steel' to guard US oil & gas and shipping operations
5+ mon, 2+ week ago (264+ words) The partnership between South Carolina-headquartered marine autonomy specialist Janus Marine & Defense and New Mexico-based U.S. Department of War RF Systems contractor Raven Defense aims to take pressure off the U.S. Navy while protecting U.S. oil & gas and shipping operations in the Caribbean and…...