Malaysia’s oil and gas services Velesto has secured a drilling contract worth approximately $16.5 million from Jadestone Energy for operations at the East Belumut field offshore Malaysia.The contract, awarded to Velesto’s wholly owned subsidiary Velesto Drilling, involves the provision of the NAGA 8 jack-up rig to support infill drilling activities.
Seatrium has put in motion a series of non-core asset divestments set to complete by early 2026, targeting over $40 million (S$50 million) in annualized operational cost savings.
Japanese oil and gas explorer Inpex said it aims to start the tender process for engineering for its Abadi gas project in Indonesia in the middle of this year
Indonesia's upstream oil and gas regulator SKK Migas expects Italy's Eni to reach its final investment decision next month for the development of the Geng North and Gendalo-Gendang gas projects
Retrofit specialist GLO Marine has announced a $7 million (€6 million) investment in a new integrated assembly and production facility in Galați, Romania
Japan’s largest exploration and production (E&P) firm Inpex has received environmental approval from the Indonesian government for its Abadi liquefied natural gas (LNG) project in the Masela Block
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