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KrisEnergy Secures Loan for Offshore Project in Cambodia

May 01, 2020

Southeast Asia-focused oil company KrisEnergy has said it has secured a loan for the development of a gas field offshore Cambodia.The company on April 30, 2020, entered into a credit facility agreement with Kepinvest Singapore Pte. Ltd. as a lender for a loan of up to $87 million…

Inpex Gets Nod for Further Subsea Installation Works at Ichthys

Apr 29, 2020

Australian offshore safety regulator NOPSEMA has approved Inpex's application to install Umbilicals, Risers and Flowlines (URF) infrastructure as part of the next stage of the development of the Ichthys gas and condensate field offshore W. Australia…

TGS Wraps Russian Far East Offshore Data Work

Apr 21, 2020

Norwegian multi-client offshore seismic data firm TGS has completed the reprocessing of a 21,631-square kilometer regional 2D seismic survey offshore Sakhalin Island, in the Russian Sea of Okhotsk.TGS, a provider of offshore data to exploration & production (E&P) companies…

Woodside's Sales Slump as Coronavirus Cripples Demand

Apr 16, 2020

Australia's Woodside Petroleum Ltd said on Thursday that its sales slumped more than 20% in the first quarter, as the coronavirus pandemic and draconian measures to curb the outbreak crippled fuel demand globally.Oil and gas producers have been…

Shell Wins $340M+ in Gumusut Kakap Arbitration

Apr 13, 2020

Shell's Malaysian subsidiary Sabah Shell Petroleum Company has been awarded more than $340 million in an arbitration related to the Gumusut Kakap floating production platform offshore Malaysia.Back in late 2012, Shell signed a contract for construction and lease of the Gumusut Kakap FPS with GKL…

KrisEnergy Sells Indonesia Block to BP

Apr 08, 2020

Southeast Asia-focused oil and gas companyKrisEnergy Ltd. an upstream oil and gas company, has sold its 30.0% interest in the Andaman II block offshore Indonesia to BP.KrisEnergy said that the previously proposed disposal of the block in the Malacca Strait was completed on Wednesday…

Total Sells Brunei, Sierra Leone, and Liberia Assets for $400M+

Apr 07, 2020

French oil firm Total has said it has sold assets in Brunei, Liberia, and Sierra Leone for more than $400 million, as part of its plan to divest $5B worth of assets in 2019-2020 period.The divestments announced Tuesday include non-core assets…

CNOOC Transfers Pipeline Infrastructure to PipeChina

Apr 02, 2020

China National Offshore Oil Corp (CNOOC) has signed an agreement with newly launched PipeChina on transferring management rights for oil and gas infrastructure projects, the company said in a statement on Wednesday.The statement did not give details on what projects have been handed over…

Worley, Chevron Extend Service Contract in Australia

Mar 31, 2020

Australian energy services company Worley has secured an extension to an existing services contract with Chevron Australia.Under the contract, engineering and procurement services will be provided to support Chevron's Australian assets, including the Gorgon project…

Aker Solutions Wins 5-Year Offshore Maintenance Work with Shell in Brunei

Mar 30, 2020

Norwegian offshore engineering and construction company Aker Solutions, in a joint venture with Brunei-based PTAS, has signed a five-year agreement to provide offshore maintenance and modification services to Brunei Shell Petroleum (BSP).According to Aker Solutions…

KS Drilling Slapped with $24M Claim, Contract Termination after Rig Incident

Mar 27, 2020

Singapore-based drilling contractor KS Drilling has seen its offshore rig contract cancelled, and has been slapped by a $23,5 million claim after its drilling rig in February was involved in an incident offshore Indonesia.The Java Star jack…

Sakhalin-2 LNG Plant Ships Out 1,800th LNG Cargo

Mar 26, 2020

The Port of Prigorodnoye on the Pacific coast in the Russian Far East has loaded its 1,800th LNG cargo produced at the Sakhalin-2 LNG plant, in operation since 2009, Gazprom has informed.The LNG cargo was loaded onto the Hyundai Aquapia LNG carrier…

Prevention is better than cure

Mar 26, 2020

It is well known that offshore steel structures are subjected to some of the harshest weather conditions and punishing marine environments, so it makes sense to use a good protective coating from the outset to safeguard those structures from corrosion…

CNOOC Eyes 'Significant' Spending Reductions

Mar 25, 2020

Chinese offshore oil and gas specialist CNOOC Ltd said on Wednesday it will 'significantly' reduce capital spending this year amid sharply lower global oil prices.The state-backed energy company saw limited impact on its operations from the…

Oil Price Crash - Where Does Asia Go from Here?

Mar 17, 2020

Energy companies across the Asia Pacific responding to unprecedented challenges on multiple fronts 2020 has hit us like a fist. Coronavirus is already the most severe shock to hit the world economy since the financial crisis over a decade ago…

Current News

Oil Drops but Still Set for Biggest Monthly Gain in Years

Oil Drops but Still Set for Biggest Monthly Gain in Years

Melbana Gets More Time for Find Beehive Drilling Partner

Melbana Gets More Time for Find Beehive Drilling Partner

Industry Group Calls for 'Key Worker' Status for Offshore Energy Workers

Industry Group Calls for 'Key Worker' Status for Offshore Energy Workers

UAE: Jack-Up Providers Team Up to Cut Costs

UAE: Jack-Up Providers Team Up to Cut Costs

Pertamina to Develop Cilacap Refinery without Saudi Aramco

Pertamina to Develop Cilacap Refinery without Saudi Aramco

Petrofac in Iraq Contract Extension

Petrofac in Iraq Contract Extension

Gastech Postponed for 2021

Gastech Postponed for 2021

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