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Southeast Asian offshore project crosses FID threshold in fast-track move to first gas

PTTEP Energy Development Company, a subsidiary of PTT Exploration and Production Public Company (PTTEP), and Canada-headquartered Valeura Energy have taken a final investment decision (FID) to move forward with an initial gas development at an offshore natural gas field in Block G3/65 located in the Gulf of Thailand. The post Southeast Asian offshore project crosses FID threshold in fast-track move to first gas appeared first on Offshore Energy.

TotalEnergies, Staatsolie and APA advancing $12.2B oil project ahead of 2027 drilling ops

As large-scale production components stack up at the Kuldipsingh Port Facility (KPF), representatives of France’s energy giant TotalEnergies and Surinamese officials have met to discuss the progress on a multibillion-dollar deepwater oil project in Block 58 off the coast of Suriname, confirming that the offshore development remains firmly on track for its first oil production in 2028. The post TotalEnergies, Staatsolie and APA advancing $12.2B oil project ahead of 2027 drilling ops appeared first on Offshore Energy.

New gas discovery springs up from India’s frontier deepwater basin

India’s government-owned energy giant Oil and Natural Gas Corporation (ONGC) has found a new natural gas discovery in the deep waters of Mahanadi Basin off the country’s east coast. The post New gas discovery springs up from India’s frontier deepwater basin appeared first on Offshore Energy.

Legal showdown underway as Cotemar moves to freeze almost $60M in American Bureau of Shipping subsidiary’s assets

The long-running financial standoff between Mexico’s offshore specialist Cotemar and ABSG Consulting, a subsidiary of American Bureau of Shipping (ABS), has intensified, with the former now turning to the New York State Supreme Court to restrict the U.S. government contractor’s access to nearly $60 million in assets. The post Legal showdown underway as Cotemar moves to freeze almost $60M in American Bureau of Shipping subsidiary’s assets appeared first on Offshore Energy.

Orlen and Naftogaz deepen energy ties with two MoUs

Ukraine’s state-owned energy company Naftogaz Group and Poland’s Orlen have strengthened cooperation in liquefied natural gas (LNG) and petroleum product supplies, diversification of supply routes, and further stabilization of energy supplies to boost energy resilience in Ukraine and Central and Eastern Europe. The post Orlen and Naftogaz deepen energy ties with two MoUs appeared first on Offshore Energy.