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Woodside Sees Reserve Base Tripling

Nov 19, 2019

Australia's Woodside Petroleum on Tuesday laid out plans to triple its gas and oil reserve base as it pursues projects worth over $36 billion in Australia, Senegal and Myanmar.Success in those projects would result in its reserve base reaching 3.7 billion barrels over the next seven years and help Woodside expand production by 6% a year over the next decade, it said.'We believe we now have a compelling growth story…

DOF Subsea Bags APAC Contracts

Nov 21, 2019

Norway-based international subsea operating company DOF Subsea announced several contract-awards in the Asia Pacific region, securing 130 days vessel and resource utilization into the first quarter of 2020.  The contracts, for undisclosed clients in New Zealand and South East Asia…

India to Invite Foreign Investment in State-owned Oil Companies

Nov 12, 2019

International energy firms will be invited to participate in India's privatization of state-owned oil companies, the country's Oil Minister Dharmendra Pradhan said late on Monday.Pradhan said Indian Prime Minister Narendra Modi recently met with the chief executives of energy firms in Houston…

Wellpro Announces New Hires

Nov 11, 2019

Well intervention company Wellpro Group announced two new appointments as it eyes further expansion in the Eastern Hemisphere.Mark Fraser has taken up the role of Regional Manager in the Middle East, while Martin Webster has been appointed Regional Manager in Asia…

Saipem Inks Deal with Daewoo for Onshore Projects

Nov 11, 2019

Italy's Saipem said on Monday it signed a strategic agreement with Daewoo E&C Co. for cooperation in the onshore oil and gas industry, with a specific focus on the liquefied natural gas (LNG) sector.'LNG is strategic for us and we are definitively…

Oil Rises Above $62

Nov 07, 2019

Oil rose above $62 a barrel on Thursday after China hinted at progress towards a trade deal with the United States, raising hopes for an end to a long dispute that has weighed on economic growth and demand for fuel.China and the United States…

Rebooting What’s Possible in India’s Gas Market

Nov 07, 2019

‘To lose patience is to lose the battle’ -Mahatma GandhiIndia is something of a conundrum for global LNG players. I recently returned from a week in Delhi, just as the capital was making headlines for one of the worst episodes of air pollution…

Russian Oil Output Down in October

Nov 03, 2019

Russia lowered its oil output to 11.23 million barrels per day (bpd) last month from 11.25 million bpd in September, missing again its obligations under a global pact to curb production, energy ministry data showed on Saturday.The Organization of the Petroleum Exporting Countries…

ConocoPhillips Profit Beats Estimates

Oct 29, 2019

US oil and gas company ConocoPhillips' quarterly profit shot ahead of analysts' estimates on Tuesday, as higher shale production offset the impact from lower crude prices and higher exploration costs.Total production, excluding Libya, rose 98…

Oil Steady as Russia Commits to Output Cuts

Oct 28, 2019

Oil prices were steady on Monday, holding on to strong gains last week, after Russia affirmed its commitment to a deal with OPEC producers to keep production in check and support prices.Brent crude was down 1 cent at $62.01 a barrel by 0055 GMT…

Saudi Still China's Top Oil Supplier

Oct 25, 2019

Saudi Arabia held its position as China's largest crude oil supplier in September helped by demand from new refineries and as imports from Iran and Venezuela continued to fall due to U.S. sanctions, customs data showed on Friday.The drone and…

Chinese Ship Exits Vietnam's Waters After Disputed Surveys

Oct 24, 2019

A Chinese oil survey vessel that has been embroiled in a tense standoff with Vietnamese vessels in the South China Sea left Vietnamese-controlled waters on Thursday after more than three months, marine data showed.The Chinese vessel, the Haiyang Dizhi 8…

CNOOC Says Production Not Affected by Sanctions

Oct 24, 2019

CNOOC, China's largest offshore oil and gas producer, on Thursday said it would be affected by U.S. sanctions on its COSCO shipping firm but there would be no impact on its oil and gas production.'(The sanctions) will have some impact on our…

China Aims to Boost Natural Gas Production

Oct 23, 2019

Following several years of natural gas consumption outpacing local production growth, China is introducing incentives to spur several forms of domestic production in hopes of reducing its reliance on imports.China’s natural gas imports, both by pipeline and as liquefied natural gas (LNG)…

McDermott in Financing Deal of Up to $1.7 Bln

Oct 21, 2019

U.S. oilfield services company McDermott International Inc on Monday agreed with some of its lenders for additional funding of up to $1.7 billion, sending its shares up 25% in trading before the bell.Under the terms, the company said it would have immediate access to $650 million in financing…

Current News

Polarcus Scores Seismic Job in Malaysia

Polarcus Scores Seismic Job in Malaysia

DOF Subsea Bags APAC Contracts

DOF Subsea Bags APAC Contracts

Sarawak Seeks to Recoup Tax from Petronas

Sarawak Seeks to Recoup Tax from Petronas

Thunder Cranes Wins Chevron Contract

Thunder Cranes Wins Chevron Contract

KMG, Tatneft Outline Cooperation Roadmap

KMG, Tatneft Outline Cooperation Roadmap

China to Cut Renewable Power Subsidy

China to Cut Renewable Power Subsidy

CNPC Inks Two Cooperation Deals in Kazakhstan

CNPC Inks Two Cooperation Deals in Kazakhstan

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