Energy & Offshore
Seatrium, BP Exploration to develop Kaskida project in Gulf of Mexico
Seatrium, BP Exploration to develop Kaskida project in Gulf of Mexico
The Kaskida FPU is expected to produce 80,000 barrels of crude oil per day from six wells in the first phase of development.
Shell shuts down Pulau Bukom unit to investigate leak
The company estimated that a few tonnes of the refined oil products were leaked.
Wesfarmers to sell Coregas to Nippon Sanso for $653m
The sale is expected to be completed by mid-2025.
XMH Holdings' profit surges by 95% to $12.6m in H1 2024
Its revenue stood at approximately $66.9m, reflecting a 5.8% decline.
Everbright Water to buy electricity from Everbright Greentech Services
Everbright Greentech must supply electricity 181 million kilo-watts per year.
Continuum Green Energy launches IPO in India at $0.16 per share
The total aggregate value of equity shares stood at $577m (INR36.5b).
Rex Int. records 10,160 barrels per day from Norway and Oman in November
Brage and Yme fields contributed 7,493 boepd; whilst Yumna field contributed 2,667 stb/d.
Cambridge CARES leads two decarbonisation projects with SG universities
The projects will investigate non-fossil fuel-based pathways.
EQT and GIC acquire majority stake in UK energy firm Calisen
The companies will buy stakes from a BlackRock-led consortium.
Sembcorp unit inks new power purchase deal with Equinix
This marks the second deal signed by the two companies this year.
Energy sector to lead 2025 bonuses with firms pledging one month or more
It is followed by the transport, logistics, and automotive sector (98%) and the communication services sector (94%).
Singapore told not to be a test bed for small modular reactors
There are other power sources that are easier and cheaper to deploy, experts said.
Seatrium and Cochin Shipyard ink MoU for jack-up rigs solutions in India
The collaboration aims to capitalise on Mobile Offshore Drilling Units (MODUs).
Mooreast appoints Eirik Ellingsen as CEO
He will replace Mooreast Founder, Sim Koon Lam.
SEAS, KPMG launch AI-powered decarbonisation platform for businesses
The platform will support funding and solutions for decarbonisation projects.
Rex International records 10,027 barrels per day from Norway and Oman in October
Brage and Yme fields contributed 7,637 boepd; whilst Yumna field contributed 2,555 stb/d.
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