Oil and Gas Regions news - page 162


Australia: Triangle Energy Shuts Two Cliff Head Wells

Jun 19, 2020

Australian oil and gas firm Triangle Energy has shut production from two wells ell at the Cliff Head offshore field, one due to a pump failure, the other as a precautionary measure.'Production from CH6 [well] was shut-in on the afternoon of…

Petronas Puts Off Kebabangan Field Maintenance

Jun 19, 2020

Malaysia's Petronas said it has deferred maintenance activities at the Kebabangan gas field in Sabah, which had been originally slated for April.Malaysia implemented lockdown measures in March to curb the spread of the coronavirus.'Maintenance…

Seamec Awards Fugro a 3-Year IRM Deal Offshore India

Jun 18, 2020

Dutch offshore services company Fugro has won a 3-year inspection, repair and maintenance (IRM) contract with Seamec in India.Under the contract, Fugro will support Seamec's asset management project for oil company  ONGC off the west coast of India…

Heerema's Aegir Heavy Lifter in Drop Fall Incident Offshore Taiwan

Jun 18, 2020

The article has been updated to include a statement by the Heerema Marine Contractors' spokesperson.Heerema Marine Contractors' heavy lift vessel Aegir has earlier this week experienced a drop fall incident off the coast of Taiwan where it is working on an offshore wind project…

Indonesia Sees 2021 O&G Revenue at $18.7-$22.31B

Jun 18, 2020

Indonesia expects gross revenue from oil and gas to fall to between $18.7 billion to $22.31 billion next year, the chairman of upstream oil and gas regulator SKK Migas told parliament on Thursday.Oil prices of $40, $45 or $50 per barrel would produce gross revenue of $18…

POSH Offshore Vessel for Cargo Ship Crews Calling in Singapore

Jun 18, 2020

Offshore marine services provider PACC Offshore Services Holdings' (POSH) accommodation vessel has been designated by the Maritime and Port Authority of Singapore (“MPA”) to support crew changes for cargo ships calling in Singapore.To date, MPA has approved about 6…

Rystad: Covid-19 Brings Peak Oil Date Closer

Jun 18, 2020

The Covid-19 downturn will expedite peak oil demand, putting a lid on exploration efforts in remote offshore areas and as a result, reducing the world’s recoverable oil by around 282 billion barrels, Rystad Energy said in its annual global energy outlook released this week…

Russia Extends Sakhalin Energy Oil and Gas Licenses for 5 Years

Jun 18, 2020

Sakhalin Energy, the international operator of a pioneering liquefied natural gas (LNG) plant in eastern Russia, said on Thursday authorities have extended its oil and gas production licences, which were due to expire in 2021, for five years…

Australia: Chevron to Sell Its Stake in North West Shelf Project

Jun 18, 2020

Chevron Corp aims to sell its minority stake in Australia's biggest and oldest liquefied natural gas (LNG) project, the North West Shelf, after drawing interest from potential buyers, the company said on Thursday.The move marks a long-awaited…

Coro Energy Settles with Ex-CEO over Contract Termination

Jun 18, 2020

Southeast Asia-focused oil company has settled with its former CEO after he threatened to sue following the termination of his service agreement in April.Coro Energy said Thursday that, 'having received appropriate legal advice on legal action threatened against the company…

DNS Sharing Offshore Decommissioning Expertise with Brunei

Jun 17, 2020

Decom North Sea, a UK-based non-profit organization focused on knowledge sharing in the space of offshore oil and gas decommissioning sector, is expanding in Asia with a deal struck in Brunei.DNS on Wednesday announced the creation of a 'landmark…

Philippines: Shell's Hydrogen Project Resumes as Covid-19 Restrictions Eased

Jun 17, 2020

Pilipinas Shell Petroleum Corp said on Wednesday it has resumed construction of an integrated hydrogen manufacturing facility at its Tabangao refinery in the Philippines, after being hampered by the coronavirus lockdown.Restrictions on movement…

OOS Joins LR, Worley Offshore Decommissioning Consortium

Jun 17, 2020

Dutch offshore services provider OOS International has joined an offshore decommissioning consortium created by Lloyd’s Register and Worley, in a push to drive down the costs of offshore decommissioning.'Decommissioning, for many, remains an uncertain cost burden…

How Will the Asia Pacific Upstream Sector Emerge from the Crisis?

Jun 17, 2020

The oil price crash has transformed the outlook for the region’s E&P sector. Globally, governments and operators have been forced into action to rework investment plans in response to the dual impact of the precipitous fall in both demand and oil prices…

TGS Kicks Off Timor-Leste Seismic Project

Jun 17, 2020

Norway-based marine seismic data company TGS has started commenced a 2Dcubed seismic data project covering offshore Timor-Leste, in support of the country’s ongoing oil and gas license round, announced in October 2019, following the ratification of a maritime border treaty with Australia…

Current News

PTTEP Acquires Southeast Asia’s Offshore Block from Chevron’s Hess Unit for $450M

Valeura Energy, PTTEP Partner Up on Gulf of Thailand Blocks

Sapura Scoops Over $118M for Chevron, PTTEP Subsea Ops off Thailand

Pandion Energy Divests Interests in Three Norwegian Assets to Inpex

China Starts Production at Major Oil Field in Bohai Sea

Dutch Contractor Completes Malaysia’s Largest 'Rig-to-Reef' Decom Project

China Rolls Out 17MW Floating Wind Turbine Prototype

SBM Offshore’s Jaguar FPSO Enters Drydock in Singapore (Video)

EnQuest Picks Up Offshore Oil and Gas Block in Brunei

CNOOC Finds Oil and Gas in South China Sea

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