Thai oil company PTTEP has selcted Technip Energies to perform Front-End Engineering Design (FEED) of the Lang Lebah OnshoreGas Plant 2 (OGP2) project located in Bintulu, Sarawak, in Malaysia. The FEED contract covers the design of an onshore…
Shell announced a second investment in Malaysia's oil and gas sector in a month as the major and its partners, including Petronas, aim to revive output in an environment of tight global supply.Shell's decisions come after the war in Ukraine disrupted Russian oil and gas supplies and boosted prices…
India's state-run Bharat Petroleum Corp said it had signed a preliminary agreement with Brazil's national oil company Petrobras PETR4.SA to help it diversify its crude oil sourcing.Indian state refiners rarely buy Brazilian oil. The Memorandum…
U.S. oil firm Hess has started gas production from the North Malay Basin (NMB) Phase 3 project in Block PM302, located 290 kilometres offshore Peninsular Malaysia.Malaysian oil and gas giant Petronas shared the news of production startup on Monday…
India's Oil and Natural Gas Corp ONGC.NS said on Monday there was no clarity on the resumption of its oil and gas project Sakhalin-1.Production at Sakhalin-1 was 'minimized' shortly after the Ukraine war started and there is no clarity or timeline yet when it could be resumed…
Indonesia will launch a second auction of oil and gas blocks this year as it seeks to cash in on high energy prices and boost output after decades of decline due to a lack of exploration and investment, officials said on Wednesday.Southeast…
Bursa Malaysia-listed firm Ranhill Utilities said Wednesday that its affiliate firm Perunding Ranhill Worley had won a contract with the Thai oil firm PTTEP to provide front-end engineering and design (FEED) services for offshore facilities for SK410B Lang Lebah development project…
Australian oil and gas company Woodside on Thursday published the final Environmental Impact Statement (EIS) for the proposed Browse toNorth West Shelf (NWS) Project in Australia, as directed by the Australian Department of Climate Change, Energy…
Chinese offshore oil company CNOOC Limited has started oil production from its Kenli 6-1 Oilfield 10-1 North Block Development Project, offshore China.The development project locates in the south of Bohai Sea, with an average water depth of about 19 meters…
Asia Pacific-focused oil and gas company Jadestone Energy has yet to restart production from its Montara Venture FPSO, off Australia, following a shutdown in August. The company said Monday it was 'not in a position to provide guidance on a possible Montara production restart date…
International oil major Shell has, together with Malaysia's Petronas, reached a final investment decision (FID) to develop the Rosmari-Marjoram deepwater sour gas fields, discovered in 2014, offshore Bintulu, Sarawak, Malaysia.Shell,which is the operator of the project with an 80 percent stake…
Japanese oil and gas company Inpex has transferred its entire stakes in two U.S. Gulf of Mexico offshore oilfields to project partners.The company has transferred its 10.1% stake in the Lucius Field located in the US Gulf of Mexico’s Keathley Canyon blocks 874…
The market for floating production systems is booming, according to World Energy Reports' (WER) latest assessment of activity and developments in the offshore oil and gas market.“Business conditions and market sentiment in the deepwater sector have seldom been so positive…
Asian spot liquefied natural gas (LNG) hit a fresh record high [last week] as South Korean and Japanese buyers restocked for the winter and a planned outage at the Nord Stream 1 pipeline next week pushed up European demand.The average LNG price…
Chinese offshore oil and gas major CNOOC expects its annual domestic crude oil production to reach 1.2 million barrels per day by 2025, 28% above its current level.The targeted output compares to first-half production offshore China in 2022 of 169…
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