MISC reports steady growth in the global FPSO market amid increased offshore activity and new contracts. In the second quarter of 2026, operating profit rose by 56.1%, while revenue increased by 76.1%.
The Searah joint venture has begun construction of the topsides for the FPSO Bahtera Haluan Lestari, a key component of Indonesia’s large-scale Kutei North Hub gas project. The $11.8 billion project aims to advance the country’s energy sector, create new jobs, and introduce innovative technologies. It also has the potential to position Searah as one of the leading players in Southeast Asia’s oil and gas industry.
GTT Marine has signed a contract to equip Petronas' LNG carrier fleet with digital solutions aimed at improving efficiency, controlling costs, and reducing emissions. The agreement also includes support for future fleet expansion.
The article discusses major personnel changes in the global energy and oil and gas industries, including the appointment of new leaders and the replacement of top executives at major companies.
Samsung Heavy Industries will build Malaysia's first floating LNG storage and regasification terminal, which will provide additional gas for power plants and strengthen the country's energy infrastructure. The RGT-3 facility in Lumut is expected to be operational in the second quarter of 2029.