Oil And Gas News


ExxonMobil to Transfer Operations of Two Malaysian PSC Assets to Petronas

Jul 22, 2024

Exxon Mobil intends to transfer the operations of all assets of two production-sharing contracts in Malaysia to state energy company Petronas, Exxon Mobil said on Saturday.Reuters had reported on Friday that Exxon Mobil had agreed to sell its Malaysian oil and gas assets to Petronas…

ExxonMobil Selling Malaysia Oil and Gas Assets to Petronas

Jul 19, 2024

Exxon Mobil has agreed to sell its Malaysian oil and gas assets to state energy firm Petronas, exiting the country's upstream sector where it used to be a dominant producer, two sources with direct knowledge of the matter said.The U.S. major…

FPSO Bacalhau Becomes World’s First Newbuild with DNV Emissions Abatement Notation

Jul 18, 2024

MODEC has secured an Approval in Principle (AiP) for Abate Notation from classification society DNV for its FPSO Bacalhau, set for deployment at an Equinor-operated oil project offshore Brazil.In this project, a comprehensive assessment of greenhouse…

South Korea's SK Innovation Agrees Merger with SK E&S as Part of Overhaul

Jul 17, 2024

SK Innovation, parent of South Korea's largest oil refiner and battery maker SK On, said on Wednesday it will merge with energy affiliate SK E&S as the nation's No. 2 conglomerate undertakes a major overhaul to boost profitability.The move, which creates a 100 trillion won ($72…

CNOOC’s Ultra-Deep Well in Bohai Bay Outperforms Target

Jul 16, 2024

China’s state-run China National Offshore Oil Corporation (CNOOC) has informed that its first ultra-deep well in Bohai Bay achieved ‘high yield’, outperforming the targets set earlier.The Bozhong 19-6 condensate gas field D1 well, said to be…

FPSO Newbuild for Petrobras’ Búzios Field Taking Shape in China

Jul 12, 2024

China’s state-owned ZPMC Qidong Marine Engineering has launched the bow section of the P-82 floating production storage and offloading (FPSO) unit, being built by Seatrium for Petrobras’ Búzios field offshore Brazil.The bow section of the N1151 (P-82) FPSO…

CIMC to Supply Hulls for Two FPSOs Being Built by Seatrium for Petrobras

Jul 11, 2024

CIMC Raffles, a subsidiary of CIMC Group, has secured engineering, procurement, and construction (EPC) contracts from Seatrium for the supply of the hulls for two floating production storage and offloading (FPSO) units being built for Brazil’s national oil and gas company Petrobras…

Woodside and Taiwan’s CPC Ink Long-Term LNG Supply Deal

Jul 11, 2024

Australian oil and gas giant Woodside has signed a sale and purchase agreement (SPA) with CPC Corporation for the long-term supply of liquefied natural gas (LNG) to Taiwan.Under the SPA, Woodside will supply approximately 6 million tonnes of LNG on a delivered basis over 10 years…

First Gas Starts Flowing at SapuraOMV’s Jerun Platform Off Malaysia

Jul 09, 2024

Oil and gas company SapuraOMV has started gas production from its Jerun field, offshore Sarawak in Malaysia.Jerun gas field, part of SK408 production sharing contract (PSC), was discovered in 2015 and the development project reached its final investment decision (FID) in March 2021…

Petronas Hires ABL for Rig Inspection Services in Indonesia

Jul 02, 2024

Indonesian branch of Malaysian national oil company Petronas has awarded energy and marine consultancy ABL a contract to provide rig inspection services to its assets operating offshore Indonesia.The contract is valid for one year, with an optional one-year period extension…

Blackford Dolphin Sets Sail for Drilling Ops with Oil India

Jul 02, 2024

Oslo-listed offshore drilling firm Dolphin Drilling has informed that its Blackford Dolphin semi-submersible drilling rig is on transit to India to start the contract with Oil India, following the termination of contract with General Hydrocarbons Limited (GHL) in Nigeria due to payment issues…

L&T Nets Pipeline Order from ONGC Worth Up to $300M

Jul 01, 2024

Indian multinational conglomerate Larsen & Toubro (L&T) has secured an order from India’s Oil & Natural Gas Corporation (ONGC) for the eight phase of Pipeline Replacement Project (PRP-VIII Group B) off India's west coast, worth up to $300 million…

Malaysia's Sabah State to Develop Oil, Gas Facilities with Gibson Shipbrokers

Jul 01, 2024

London-based Gibson Shipbrokers and Malaysian state-owned Sabah Oil & Gas Development Corporation (SOGDC) have signed an agreement to develop oil and gas facilities in the Southeast Asian nation's Sabah state.The oil and gas facilities will…

New State Body Set Up in China for Deep Oil and Gas Reserves Drilling

Jul 01, 2024

China is setting up a new entity that groups national oil producers and other state firms to search for ultra-deep oil and gas reserves and tackle harder-to-extract non-conventional resources, state energy group CNPC said on Monday.This is in…

China Brings Online First Onshore Powered Offshore Oil Field

Jul 01, 2024

China’s state-run China National Offshore Oil Corporation (CNOOC) has brought onstream the first oil field in China that features low-carbon design and receives power from the shore for its operations in South China Sea.Located in Beibu Gulf of the South China Sea…

Current News

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

Keppel Reclaiming Control of 13 Rigs to Cash In on Offshore Drilling Market's Growth

Global Offshore Wind Stumbles to the End of '24

Seatrium Delivers Fifth Jack-Up to Borr Drilling

Malaysia's FPSO Firm Bumi Armada Eyes Merger with MISC’s Offshore Unit

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