Abu Dhabi National Oil Company (ADNOC) on Wednesday announced the award of a $946 million Engineering, Procurement, and Construction (EPC) contract for the strategic long-term development of its Umm Shaif offshore field. The contract. dubbed…
Malaysian FPSO supplier Yinson announced on Monday it secured a six-month extension for the bareboat charter contract for the FPSO PTSC Lam SonThe 243 meters long Lam Son FPSO, able to produce 15,000-20,000 barrels of oil per day (bopd), with a storage capacity of up to 650…
Carnarvon Energy announced drilling has commenced at the Buffalo-10 well in the Timor Sea as the Australian oil and gas company aims to confirm sufficient hydrocarbons to support an economic development at the shut in Buffalo field north of Australia…
Oil prices held close to $80 a barrel on Wednesday as global supply outages and declining U.S. inventories offset worries that rising coronavirus cases might reduce demand.Brent crude rose to as much as $79.20 a barrel before retreating to trade 24 cents down on the day at $78…
Shelf Drilling announced it has secured contract extensions for a pair of jack-up drilling rigs with Chevron Thailand Exploration and Production, Ltd. for operations in the Gulf of Thailand.The extensions for the Shelf Drilling Chaophraya and…
Australian oil and gas industry safety regulator NOPSEMA has ordered Shell to keep the giant Prelude FLNG facility off W. Australia shut until it can convince the regulator that it can keep the facility properly powered and that the safety systems are operational…
Jadestone Energy, an oil and gas production company focused on the Asia Pacific region said Thursday that its Chief Financial Officer (CFO) Dan Young, had decided to leave the company.'After more than 20 years overseas, Mr Young intends to repatriate back to Australia for personal family reasons…
Australian oil and gas company Western Gas has said that regulator NOPSEMA has accepted its Environment Plan to manage activities for the Sasanof-1 exploration well on the North West Shelf, Australia.Drilling is scheduled to start in March/April 2022 using the Valaris MS-1 semi-submersible rig…
Malaysia's Petronas has awarded six of the 13 offshore exploration blocks offered in the recently concluded Malaysia Bid Round (MBR) 2021, an event held annually where Petronas offers oil companies exploration blocks, undeveloped discovered resources…
UAE-based oil and gas companies ADNOC and TAQA on Wednesday announced a $3.6 billion strategic project to 'significantly decarbonize' ADNOC’s offshore production operations.The companies said the project would see the development and operation of a first-of-its-kind high-voltage…
After weeks of delays, Australian oil and gas company Carnarvon Energy has informed that the Valaris JU-107 jack-up drilling rig is now being mobilized to the Buffalo-10 location, in the Timor Sea, with the drilling operation expected to start 'within a week…
No year is the same without the annual corporate festive YouTube videos. And while the pandemic is yet again trying to do its best to ruin our holidays, offshore companies have still provided us with a crop of Christmas cheer.Oceaneering, again…
Offshore drilling firm Vantage Drilling has agreed to sell its subsidiary Emerald Driller Company (“EDC”) to ADES for $170,000,000 in cash subject to certain adjustments. EDC is the owner of the Emerald Driller jackup rig, which is operating in Qatar…
Russia's largest oil producer Rosneft said on Tuesday that its board has approved new strategy through to 2030 with the aim of achieving net-zero emissions by 2050, earlier than President Vladimir Putin's deadline.Climate scientists have said…
Oil prices rebounded on Tuesday after a sharp fall in the previous session as investors' appetite for risk improved, although they remained cautious amid the rapid spread of the Omicron coronavirus variant across the globe.Brent crude was up 84 cents…
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