Lock mobilisation terms as APAC offshore activity rebalances

In response to the incident, emergency response teams were deployed immediately to contain the fire, which was brought under control

Home Fossil Energy Investigation into tragic incident ongoing: 13 dead, 66 injured in explosion and fire at QatarEnergy’s gas asset June 24, 2026, by Qatar’s state-owned oil and gas giant QatarEnergy has confirmed the launch of a probe into an explosion and fire incident that occurred at its liquefied natural gas (LNG) production and export hub, in which multiple workers lost their lives and sustained injuries

“QatarEnergy would like to emphasize that this was an operational accident and not sabotage or hostile in nature,” the firm underlined, while pointing out that Barzan production was intentionally completely stopped since December 2025 due to urgent maintenance requirements, and was first restarted two days before the incident

Home Fossil Energy Saipem exits Saudi Arabian shallow-water drilling playground with sale of jack-up rig fleet to ADES June 24, 2026, by Italy’s engineering, drilling, and construction services giant Saipem is divesting its shareholding in Saudi Arabian Saipem (SAS) to close its shallow water drilling chapter in Saudi Arabia, as it continues its shift to deepwater plays. This move enables ADES Holding Company, part of Saudi Arabia-headquartered ADES Group, to bring the Italian giant’s affected jack-up rigs into

This move enables ADES Holding Company, part of Saudi Arabia-headquartered ADES Group, to bring the Italian giant’s affected jack-up rigs into its fold, enlarging its rig fleet

Currently, ADES operates an offshore jack-up fleet that contains 81 offshore jack-up rigs, of which 46 are premium units, an offshore jack-up barge, and one mobile offshore production unit (MOPU), in addition to 40 onshore rigs

Designed as a newbuild double-hull vessel with a storage capacity of approximately 500,000 barrels, the FSO PTSC LDV incorporates advanced dual-fuel systems to support operational efficiency while contributing to lower emissions

Home Fossil Energy Yinson Production’s Southeast Asia-bound FSO gets its name June 24, 2026, by Yinson Production, a subsidiary of Kuala Lumpur-based energy infrastructure and technology company Yinson Holdings, has held a naming ceremony for a floating storage and offloading (FSO) unit slated for deployment at an oil field off the coast of Vietnam, Southeast Asia. FSO naming ceremony; Source: Yinson Production Yinson Production celebrated the naming of the FSO PTSC Lac Da Vang (FSO PTSC LDV) on June 23, markin

Designed as a newbuild double-hull vessel with a storage capacity of approximately 500,000 barrels, the FSO PTSC LDV incorporates advanced dual-fuel systems to support operational efficiency while contributing to lower emissions. According to Yinson Production, the unit has been designed with a strong focus on safety, operational excellence, and reliability

Based on the strong performance of the first well and the subsurface data gathered during drilling of the second well, the third well has been confirmed, with drilling already ongoing

Home Fossil Energy Asian drilling campaign continues with third well after first came online, second set to follow suit June 24, 2026, by AIM-listed and Singapore-headquartered oil and gas player Jadestone Energy has made inroads in its infill drilling campaign off the coast of Malaysia by putting the first well into production mode, with the second already drilled and activities at the third now underway

” The drilling campaign originally included two firm wells and a third contingent well targeting the southwest extension of the East Belumut field, which was identified in the 2023 infill program. Based on the strong performance of the first well and the subsurface data gathered during drilling of the second well, the third well has been confirmed, with drilling already ongoing