Latest News - page 60

 

Pertamina Still Discussing Plan to Take Over Shell's Abadi LNG Stake

Jan 17, 2023

Indonesian state energy firm Pertamina is still discussing its plans to participate in the Abadi liquefied natural gas (LNG) project with the country's upstream oil and gas regulator, officials said on Tuesday. Indonesia has been seeking an…

Indonesia Dispatches Warship to Monitor Chinese Coast Guard Vessel Near Offshore Fields

Jan 16, 2023

Indonesia has deployed a warship to its North Natuna Sea to monitor a Chinese coast guard vessel that has been active in a resource-rich maritime area, the country's naval chief said on Saturday of an area that both countries claim as their own…

Tidal Energy Firm Minesto Tapped for Site Development Services in Asia

Jan 13, 2023

Tidal energy technology company Minesto said Friday it had received its first historic sales order for site development services,.The order includes Minesto's Dragon Class tidal energy powerplants and comes from an unnamed 'major corporation in the  Asian offshore energy sector…

Sri Lanka to Open 900 Offshore Blocks for Oil and Gas Exploration

Jan 12, 2023

Sri Lanka is preparing to issue two-year oil and gas exploration licenses for as many as 900 offshore blocks for foreign firms to scout for energy resources and bring in vital investments to the crisis-hit country, a top official told Reuters on Thursday…

Japan's Inpex to Ramp up LNG Output, Sales, CEO Says

Jan 12, 2023

Inpex Corp, Japan's biggest oil and natural gas explorer, aims to accelerate its expansion of production and sales of liquefied natural gas (LNG) on the premise that LNG market will remain tight in the mid-term, its CEO said on Thursday. 'Global…

Guyana Eyes Offshore Oil, Gas Blocks Award to Indian Companies in Gov't Deals

Jan 12, 2023

Guyana is looking at awarding oil and gas exploration blocks to Indian companies as part of a broader hydrocarbon cooperation it is negotiating with India, the South American nation's president said on Thursday.Guyana, home to one of the largest oil discoveries in the last decade…

UAE Names ADNOC Chief Jaber as COP28 Climate Conference President

Jan 12, 2023

The United Arab Emirates said on Thursday that Sultan al-Jaber, the head of state oil giant ADNOC, would act as president of the COP28 climate conference it is hosting this year. Jaber, also UAE's minister of industry and technology and its climate envoy…

China's CNOOC Eyes Record Oil, Gas Production for 2023

Jan 11, 2023

China's CNOOC Ltd has set its 2023 production target at a record 650 million to 660 million barrels of oil equivalent (boe), about 8% above last year's goal.  The state-controlled offshore oil and gas company produced about 620 million boe last year…

Guyana Seeks Indian Investment in Its Hydrocarbon Sector - Indian official

Jan 11, 2023

Guyana wants Indian companies to invest in its oil and gas sector as the South American nation aims to expand its nascent energy sector, a senior Indian foreign ministry official said on Tuesday. Guyana's President Mohamed Irfaan Ali and Suriname's President Chandrikapersad 'Chan' Santokhi…

Philippines' Supreme Court Voids 2005 South China Sea Oil & Gas Exploration Deal

Jan 10, 2023

The Supreme Court in the Philippines on Tuesday declared the country's 2005 energy exploration agreement with Chinese and Vietnamese firms was illegal, ruling that the constitution does not allow foreign entities to exploit natural resources…

Russia's Sakhalin-1 Close to Full Oil Production after Exxon Exit

Jan 09, 2023

Russia has restored oil output at its Sakhalin-1 project after struggling with production following the exit of its previous operator Exxon Mobil Corp due to sanctions, an industry source said.Oil output from Russia's Sakhalin-1 project has recovered to 140…

ONGC Books Another Shelf Drilling Jack-up for Mumbai High Drilling

Jan 09, 2023

Offshore drilling rig owner Shelf Drilling has signed a three-year contract for the Trident II jack-up rig with the Indian national oil company ONGC.The contract covers the operation of the Trident II rig in the Mumbai High area, off the coast of India…

Shell LNG Trading Gives Quarterly Boost

Jan 06, 2023

Earnings from Shell's liquefied natural gas (LNG) trading operations are likely to have been significantly higher in the fourth quarter of last year despite a sharp output drop owing to plant outages, it said on Friday.Europe's largest oil and…

2023 Forecast:: Led by Brazil, Offshore Oilfield Services Spending to Rise

Jan 05, 2023

Offshore exploration and production (E&P) capital expenditures (capex) will shake off the pandemic-induced declines of the past two years and rebound by 20% in 2022, reaching a total $165 billion spent on exploration, wells, and facilities (Figure 1)…

Output from Vietnam's Largest Oil Refinery to Drop 20%-25% Due to Unit Shutdown

Jan 05, 2023

Output from Vietnam's largest oil refinery is expected to fall by 20%-25% during the first 10 days of January as its residual fluid catalytic cracking (RFCC) unit has been shut down due to a technical problem, the government said on Thursday…

Current News

Valeura Boosts Production at Jasmine Field with Five New Wells Now Onstream

Saipem Gets $1B Job at BP’s Indonesian Gas and CCUS Project

Seatrium and Cochin Shipyard Form Alliance to Deliver India’s Jack-Up Rigs

Makin' a List ... Trump Prioritizes Energy Exploration, Production, Export

Velesto Completes Removal of Wrecked Naga 7 Jack-Up Rig Off Malaysia

BP Greenlights $7B CCUS Scheme Tied to Indonesia LNG Facility

Sapura Scoops Petrobras Contract for Pan-Malaysia Offshore Services

Velesto’s Drilling Rigs Up for Automatization Overhaul Under New Tech Alliance

US Firm Finds Chinese Partner to Deliver Mobile Offshore Drilling Units

TotalEnergies and Oil India to Jointly Tackle Methane Emissions Issues

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