Asian Oil And Gas Digital

The American Bureau of Shipping (ABS) has issued basic design review certification to Hanwha Ocean for a standardized floating production, storage and offloading (FPSO) design targeting deepwater projects in South America and West Africa. The certification covers Hanwha Ocean's front-end engineering design (FEED), following a review of core design documentation and technical standards for systems including the hull, topsides and mooring arrangement.

Larsen & Toubro Energy Hydrocarbon Offshore (LTEH Offshore) has secured an offshore Engineering, Procurement, Construction, Installation, and Commissioning (EPCIC) contract by India's Oil & Natural Gas Corporation (ONGC) for the Additional Development of Ratna-I (ADR-I) and NLM-14 project off India's west coast.

Eastern Mediterranean-focused gas producer Energean posted a 45% jump in first-half profit on Wednesday, helped by a lower tax charge in Italy, and said production had recovered strongly following the restart of operations in Israel. The company has been seeking to reduce its reliance on its flagship gas fields offshore Israel, where production has been repeatedly disrupted by regional conflict, by expanding in Egypt and pursuing new opportunities in West Africa.

Italian energy services firm Saipem has secured a contract from GOE Petrol Sanayi for commissioning services on the Osman Gazi floating production unit (FPU), destined for the Sakarya gas field development in the Turkish Black Sea. The contract is expected to run for approximately eight months and follows an Operation Readiness & Assurance support services contract awarded to Saipem in April 2026.

Italian energy services firm Saipem has secured a contract from GOE Petrol Sanayi for commissioning services on the Osman Gazi floating production unit (FPU), destined for the Sakarya gas field development in the Turkish Black Sea. The contract is expected to run for approximately eight months and follows an Operation Readiness & Assurance support services contract awarded to Saipem in April 2026.

Oil prices hit multi-week highs on Tuesday after Iran-backed Houthis attacked Saudi energy facilities and Tehran threatened the United States with "economic warfare". Brent crude futures LCOc1 were up $2.00, or 2.06%, at $99.00 a barrel by 0800 GMT. U.S. West Texas Intermediate crude CLc1 was at $94.41 a barrel, up $2.93, or 3.2%. Brent earlier rose to as much as $99.22 a barrel, its highest since July 24, while WTI reached $94.60 a barrel, its highest since June 8.

Malaysia's state energy firm Petronas has signed an agreement with Iraya Energies to integrate agentic artificial intelligence capabilities into its myPROdata upstream data platform, aiming to accelerate the evaluation of exploration and production opportunities in Malaysia.

Thailand’s state-backed energy firm PTT Exploration and Production (PTTEP) subsidiaries and Petronas Carigali's PC JDA have signed a 35-year production sharing contract for Block A-18-01 in the Malaysia-Thailand Joint Development Area, allowing the partners to continue petroleum exploration, development and production from the block.

Iran is preparing a list of conditions for reopening the Strait of Hormuz after mediators asked Tehran to set them out, said Mohsen Rezaei, secretary of Iran's Supreme National Security Council, adding that ending the regional war was among them. Rezaei said Iran had agreed with Oman on a shipping corridor through the strait, with parts of the route in Omani waters and parts in Iranian waters.

Technip Energies has been awarded a significant contract by Larsen & Toubro Energy Hydrocarbon (LTEH) to provide detailed engineering services for an ADNOC Offshore project in the United Arab Emirates. The project was awarded by ADNOC Offshore to a consortium led by LTEH and covers the engineering, procurement, construction, installation and commissioning of new offshore facilities, as well as modifications and upgrades to existing infrastructure.