Abu Dhabi's national oil firm ADNOC on Tuesday announced the award of a $744 million contract for the full field development of the Belbazem Offshore Block to the National Petroleum Construction Company (NPCC).The contract was awarded by Al Yasat Petroleum Operations Company Ltd (Al Yasat)…
Australian oil and gas company Santos has started Phase 3C infill drilling program at the Bayu-Undan field, offshore Timor-Leste.Under the $235 million drilling program, sanctioned in January, Santos will drill three production wells and will develop additional natural gas and liquids reserves…
A Singapore court has approved a freeze on up to $3.5 billion of assets of the family behind collapsed Hin Leong Trading Pte Ltd, boosting the prospect of debt recovery from the former oil trading empire that counts some of the world's biggest banks among its creditors…
Simec Atlantis Energy (SAE) has informed that its tidal power generation facility in Naru Island, Japan, has passed the Japanese government's pre-use inspection tests. The site, which features the AR500 tidal turbine installed earlier this year…
Oil prices rose on Monday as a potential snag emerged in reviving the 2015 Iran nuclear deal that could add more oil supply, while Goldman Sachs said the case for higher prices remained intact even with increased Iran exports.Brent crude oil futures for July were 90 cents…
Dyna-Mac, a Singapore-based firm building modules for offshore oil and gas facilities, has won a module fabrication deal with FPSO supplier BW Offshore.The contract, valued at S$197 million (around $148 million), is for the supply, fabrication…
Australian oil and gas company Finder Energy said Friday it had acquired two 'highly prospective' UK North Sea-operated licenses, P2502, and P2524, from Azinor Catalyst Limited.Perth-based firm said that the license P2502 was located on the western edge of the East Shetland Basin…
As Iran gears up to resume oil exports once the United States lifts trade sanctions, former key clients in Japan, South Korea and Taiwan say they'll wait for the U.S. green light before investigating terms under which they might buy Iran's oil again…
India's army and navy deployed ships and aircraft as they searched for 26 people still missing more than three days after a powerful cyclone sank a barge off the country's west coast, killing 49 people on board.Cyclone Tauktae, the most powerful storm to barrel into the west coast in two decades…
Indian Oil Corp, the country's top refiner, said on Thursday it would resume purchases of Iranian oil if Washington lifts sanctions against Tehran over its disputed nuclear program.The European Union official leading talks to revive Iran's nuclear…
Oil and gas giant Shell has struck a deal to sell its subsidiary Shell Philippines Exploration B.V. (SPEX) to Udenna Corp's subsidiary Malampaya Energy XP.SPEX holds a 45% operating interest in Service Contract 38 (SC38), which includes the producing Malampaya gas field…
Naval vessels and aircraft scoured the waters off India's west coast late on Wednesday after the most powerful cyclone in more than two decades battered the region, sinking an oilfield accommodation barge and killing 26 aboard, authorities said…
U.S. oil majors Exxon Mobil Corp and Chevron Corp on Thursday branded Australia's proposed industry-wide levy to cover the cost of decommissioning an offshore oil field, which neither has had any stake in, as 'arbitrary' and 'disappointing'…
Through a joint venture firm with Shapoorji Pallonji, Malaysian floating production vessel company Bumi Armada has struck a deal to set up and operate a floating storage regasification unit (FSRU) in Mumbai Harbour.SP Armada Clean Energy Ventures Private Limited (SPACEVPL)…
Asian energy officials on Wednesday disputed the International Energy Agency's (IEA) call for no new oil, natural gas and coal investments for the world to be able to reach net-zero carbon emissions by 2050, viewing that approach as too narrow…
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