Papua New Guinea has passed legislation seeking to boost benefits to the country from oil, gas, and mine developments, which could impact talks on stalled projects planned by Exxon Mobil Corp and Newcrest Mining.The amended laws reflect a push by Prime Minister James Marape…
Oil and gas company SapuraOMV has filed an application to Australian regulators for permission to carry out a geotechnical and geophysical survey within Permit WA-412-P offshore W. Australia, where it plans to drill the Kanga-1 well.Sapura Upstream farmed into the block in 2018…
Marine and engineering consulting firm LOC Group has recently completed Marine Warranty Surveyor work for the Qatargas North Field Bravo Expansion Project, offshore Qatar.The scope of work included the review of the engineering and procedures for the design…
Subsea oil and gas production control equipment provider Deep Down has said it has received orders from two customers totaling approximately $2 million.The scope of work for these orders includes providing subsea controls equipment consisting of jumpers…
Refineries from India to South Korea are expected to increase output from June, joining their Chinese counterparts as the easing of lockdown measures boosts demand for oil products, industry executives said.The average operating rate for refineries in Asia is expected to rise to 75…
Two firefighters from Oil India have died while trying to put out a massive blaze at an oilfield operated by the state-run explorer in India's northeastern Assam state, officials said on Wednesday.Oil India had suspended operations at the gas…
TEPCO Renewable Power, a unit of Tokyo Electric Power Company Holdings, plans to spend about 1-2 trillion yen ($9-18 billion) to develop 6-7 gigawatts (GW) of offshore wind and hydroelectric power projects by 2035, its president said.'We aim…
Offshore engineering company Penspen has won a contract with a Myanmar oil and gas company for an offshore natural gas project in Myanmar.The engineering study project award will see Penspen support with drilling platform diesel fuel tank modification…
Saudi Arabia's decision to jack up the price of its July exports to Asia may have opened the door for U.S. crude oil producers to boost sales to the region that consumes more oil than anywhere else in the world.State-controlled producer Saudi…
An ongoing gas leak at state-run oil and gas explorer Oil India Ltd's Baghjan well in the eastern India state of Assam caught fire on Tuesday, the company said in a statement.Oil India suspended operations at the well in its Baghjan oilfield on May 27 after an uncontrolled gas emission…
Singapore's Temasek Holdings stepped in on Monday to support a S$2.1 billion ($1.5 billion) rights issue by Sembcorp Marine as the state investor moves to help the city-state's struggling rig-building sector.Following the deal, loss-making Sembcorp Marine…
Singapore's offshore rig builder Keppel is considering taking legal action against Awilco Drilling after the drilling company on Monday said it had terminated a rig construction contract with Keppel.Awilco Drilling said Monday that its subsidiary…
Offshore drilling company Awilco Drilling has terminated an offshore rig construction deal with Keppel, citing a breach of contract.Awilco said Monday that its subsidiary Awilco Rig 1 (AR1) had notified Singapore-based Keppel FELS that it had…
Oil and gas company Red Emperor Resources NL will not be exercising its option to acquire a 70% operated interest in the Perth Basin exploration permit, WA-481-P, offshore AustraliaThe company had in late 2019 agreed to fund the completion of…
The COVID-19 crisis has affected a wide range of businesses, but its impact on the oil and gas industry is particularly severe due to restrictions on travel as well as other broader economic activities, causing a heavy blow to the global oil demand…
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