BMI says Malaysia will remain a major oil and gas investment location as PETRONAS maintains about RM50 billion in upstream capex, expands overseas assets and advances CCS and LNG-related spending.
PETRONAS Carigali has awarded OceanMight, a KKB Engineering subsidiary, a RM212 million ($52 million) EPC contract for a fixed offshore structure and host tie-in at Erb West under the Belud South project off Sabah.
Equinor awards 12 framework agreements worth ~NOK 100 billion to seven suppliers for maintenance and modification work on NCS installations and Norwegian onshore plants from H1 2026.
Dogger Bank South, a 3GW offshore wind project led by RWE and Masdar, faces another UK planning delay as the government extends the DCO decision deadline from 10 January to 30 April.
Hyundai has secured a contract from Hanwha Ocean to fabricate and install foundations for the 390 MW Shinan Ui offshore wind project in South Korea, marking further progress toward offshore construction.
Petrobras has halted drilling at the Morpho well in the Foz do Amazonas Basin after 15 m³ (15,000 litres) of synthetic-based drilling mud leaked from auxiliary lines on the offshore rig.
Holcim takes a minority shareholding in BW Ideol and will supply lightweight low-carbon concrete to support two new concrete floating foundation manufacturing lines in France and Scotland.
Orsted has sued in Washington, D.C. over US President Donald Trump’s order halting construction at its 924MW Sunrise Wind offshore wind farm, saying the stoppage costs over $1 million a day and cancellation could exceed $8 billion.
Seatrium has started converting Höegh Gandria into an FSRU in Singapore for Höegh Evi, targeting Q4 2026 service at Egypt’s Port of Sumed under a 10-year EGAS charter.
