Category: Asia

Two firms embark on merger quest to create ‘formidable force’ in offshore energy market intelligence

(OET) Aberdeen-based Archer Knight (Holdings) Limited has revealed a merger deal to acquire Singapore’s Energy Maritime Associates (EMA), which will enable both players to redefine their position in the offshore energy market intelligence landscape while paving the way for an expanded employment plan. This merger, which combines two specialist offshore energy advisory firms with distinct... Continue Reading →

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Petronas Posts Lower Profit as Energy Prices Drop

Malaysia's Petroliam Nasional Berhad (Petronas) will focus on bolstering its capital position to deal with increasing volatility in the energy market and "restrictive" access to financing, the state oil firm's chief executive said on Wednesday. Petronas posted a 29% drop in second-quarter profit, in line with oil majors such as Chevron, Exxon Mobil and Shell.... Continue Reading →

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New acquisition enriches Expro’s subsea well access offering in Americas

(OET) UK-headquartered energy services provider Expro has entered into a definitive agreement to acquire the Houston-based offshore services provider, PRT Offshore, which will enable it to enhance its portfolio of services and solutions within the subsea well access sector in North and Latin America (NLA). This will also boost PRT Offshore’s surface equipment offerings in Europe, Sub-Saharan... Continue Reading →

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DEME Reports Strong H1 Performance

(OE) DEME Group has released its half year results saying its orderbook is 7.7 billion euro ($8.3 billion), up 36% compared to H1 2022, reflecting continued healthy demand and strong market positioning across all segments. Group turnover grew 14% year-over-year to 1.5 billion euro ($1.6), with growth in the offshore energy and environmental segments. Net... Continue Reading →

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TGS joins forces with Apparition on a mission to boost seismic survey efficiency

With corporate headquarters in Norway and operational headquarters in the U.S., TGS is actively working on scaling up the efficiency of seismic surveys. To this end, the energy data and intelligence provider is pooling resources with Apparition Geoservices GmbH, thanks to a new long-term collaboration agreement. The exclusive four-year collaboration agreement enables TGS and Apparition... Continue Reading →

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Mexican regulator signs off Zama development plan, Harbour expects to resume drilling offshore Indonesia

(OM) Mexico’s regulator has approved the unitized development plan for the offshore Zama oil field, according to partner Harbour Energy. The Pemex-led joint venture is now preparing to start the FEED and reassess cost estimates ahead of a potential final investment decision in 2024. Earlier this year Harbour participated in the Wintershall Dea-operated Kan-1 exploration... Continue Reading →

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