Offshore drilling contractor ARO Drilling has deployed IFS Applications on 16 of its offshore drilling rigs. IFS, a software solutions company, said in a statement its applications helped ARO „to unify mission-critical business processes across…
Australian oil and gas company Santos will not be farming into Melbana Energy's Beehive prospect sitting in the shallow waters in the Bonaparte Basin off W. Australia.Santos had an option to acquire an 80 percent interest in the offshore block in exchange for drilling costs of one exploration well…
Malaysian energy services firm Uzma has a contract with Shell for plugging and abandonment work offshore Malaysia.Under the letter of award signed with Shell's subsidiaries in Malaysia, Uzma will provide platform wells plug and abandonment campaign…
OPEC's proposal to cut oil production by up to 1 million barrels a day would be enough to balance the oil market and lift prices to $60 a barrel, Leonid Fedun, vice-president of Russian oil producer Lukoil, told Reuters. The comments from Fedun…
Malaysian offshore vessel owner Nam Cheong has secured contracts for six offshore vessels, raising its orderbook to RM318.2 million ($75.6 million).The company said Tuesday it had clinched chartering contracts for six OSVs with foreign oil majors worth RM116…
Offshore installation contractor Subsea 7 on Tuesday said it had won a contract from Murphy Oil for the provision of the subsea installation services related to the Samurai, Khaleesi, and Mormont developments in the U.S. Gulf of Mexico.The contract…
Subsea 7 has won what it describes as 'a large contract' by ConocoPhillips in Australia. Subsea 7 defines a large contract as between $300 million and $500 million.The contract is for the supply of the SURF scope for the Barossa Project. The…
Vice president of Russian oil producer Lukoil, Leonid Fedun, said on Monday the company aimed to become a net zero carbon emitter by 2050.'It is realistic to a reach zero carbon footprint' for us, he said at a presentation.(Reporting by Vladimir Soldatkin…
Malaysian FPSO leasing company Yinson has informed that its FPSO Abigail-Joseph has set sail from Singapore to Nigeria, where it will be deployed at First E&P offshore oil fields.The FPSO, previously named Allan, has recently been upgraded by Keppel in Singapore…
Shell has chosen Maersk Convincer as Jack-up Rig of the Year 2019, recognizing the rig’s successful operation offshore Brunei, Maersk Drilling, the owner of the rig said Friday.Maersk Convincer arrived in Brunei In September 2017 to continue operations for Brunei Shell Petroleum…
Oil prices fell over 2% on Thursday, plunging for a fifth day to their lowest since January 2019 as a rise in new coronavirus cases outside China fuelled fears of a pandemic that could slow the global economy and dent demand for crude.Brent crude was down $1…
Shipments of three liquefied natural gas cargoes from Indonesia's Tangguh LNG Plant to Fujian province in China have been delayed because of the coronavirus outbreak, Indonesia's upstream oil and gas regulator SKK Migas said on ThursdayThe cargoes…
Malaysian FPSO leasing company Bumi Armada will appeal a recent court decision in which it lost a case against Woodside concerning an FPSO contract termination from 2016.Woodside terminated the contract in 2016 for the FPSO, which was at the time operating at the Balnaves Field…
Iran will be able to produce more than 1 billion cubic meters (bcm) of gas per day once the final platform is installed at the South Pars offshore field, its oil minister was quoted as saying on Monday by the official IRIB news agency.South Pars…
Italian oilfield services firm Saipem has signed a memorandum of understanding with the Saudi construction company Abdel Hadi Abdullah Al Qahtani & Sons Company (AHQ). Saipem said Tuesday that the memorandum set the path to towards the creation of a Joint Venture in Saudi Arabia…
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