China’s state-run China National Offshore Oil Corporation (CNOOC) has made a major oilfield discovery in deepwater area of South China Sea, named Kaiping South, adding over 100 million tons of oil equivalent proved in-place volume.The Kaiping South Oilfield is located in the eastern South China Sea…
INPEX Masela (INPEX), a subsidiary of INPEX Corporation, has awarded Fugro a significant marine survey contract for the Abadi liquefied natural gas (LNG) project in Indonesia.Fugro will perform geophysical and geotechnical surveys needed to…
One of Turkey's mid-sized Mediterranean oil terminals - the Dortyol terminal - will no longer accept Russian imports after receiving record volumes last year, amid an increase in sanctions pressure by the United States.Turkey has become one…
Mermaid Maritime has established a joint venture (JV) with Tan Cang Offshore Services in Vietnam which will offer subsea services for the country’s offshore sector.The primary activities of the newly formed JV will be to offer vessel chartering…
Petronas, through Malaysia Petroleum Management (MPM), has signed production sharing contracts (PSCs) for two discovered resource opportunities (DRO) clusters, located offshore Malaysia.The BIGST Cluster was awarded to Petronas Carigali, and JX Nippon Oil & Gas Exploration (BIGST)…
Asia Pacific-focused oil and gas company Jadestone Energy has confirmed its participation in the bid process for the proposed sale of Woodside’s interest in the Macedon and Greater Pyrenees projects offshore Western Australia.The bid process…
Valeura Energy has bought the Nong Yao field’s FSO Aurora for $19 million, and expanded the drilling program at its Wassana field in light of favorable initial results.In a February 13 update shared by the company, Valeura said it had exercised…
Baron Oil, through its fully owned subsidiary SundaGas Banda Unipessoal, has awarded contracts for the site survey at the planned drilling location for the Chuditch-2 appraisal well, offshore Timor-Leste.Site survey operations at the gas field…
FPSO leasing company BW Offshore has made progress on the topside module integration for the newbuild floating production storage and offloading (FPSO) unit BW Opal, that will be deployed at Santos' Barossa gas project, offshore Australia.The…
China National Offshore Oil Corporation (CNOOC) has put into operation the first domestically developed subsea Xmas tree.CNOOC’s subsea Xmas tree is 3.5 meters long, 3.2 meters wide and 3 meters high, with an overall weight of nearly 22 tons…
China's state-run offshore oil and gas explorer and producer CNOOC has started production from its Suizhong 36-1/Luda 5-2 discovery, located in Liaodong Bay of Bohai Sea.The main production facilities include two new central processing platforms and two new wellhead platforms…
Seatrium has started the steel fabrication for Sparta semi-submersible floating production unit (FPU), which is the Singapore-based company’s third FPU to be built for its long-standing customer Shell.The steel cutting ceremony marks the beginning…
Malaysia’s Petronas has awarded Production Sharing Contracts (PSCs) for six exploration blocks and one Discovered Resource Opportunities (DRO) cluster under the Malaysia Bid Round 2023.The awards are expected to garner more than $275 million (RM 1…
Canada-based oil and gas company Valeura Energy has announced plans to invest around $8 million in 2024 for new exploration within its Gulf of Thailand licenses, with opportunities identified in Wassana North, Nong Yao D, and the Ratree Prospect…
Petronas, through its subsidiary PC Ketapang II, has secured a 20-year extension of the Production Sharing Contract (PSC) for the Ketapang Working Area, located in the Java Sea.Due to expire in 2028, the Ketapang PSC extension was officially…
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