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Chevron Files Plans for Subsea Infrastructure Expansion at Gorgon

Jun 15, 2020

Chevron has filed an environment plant to Australian regulators related to the expansion of the subsea gathering network within the existing Gorgon and Jansz–Io offshore gas fields in Australia.Chevron Australia is the operator of the giant Gorgon project…

Russia: Maintenance Work Kicks Off at Sakhalin-2 Project

Jun 15, 2020

Russia's Sakhalin-2 liquefied natural gas (LNG) plant has started maintenance work set to last for just over a month at one of the plant's two lines, the company said on Monday.Sakhalin Energy had originally planned for work to be done on both lines at the same time…

BP Lowers Oil Outlook. Expects to Take up to $17.5B Writedown

Jun 15, 2020

BP will write off up to $17.5 billion from the value of its assets after cutting its long-term oil and gas price forecasts, betting the COVID-19 crisis will cast a lasting chill on energy demand and accelerate a shift away from fossil fuels…

Seafox's Push to Appoint Directors to GMS Board Rejected

Jun 12, 2020

Dutch offshore jack-up company Seafox has had its push to appoint two directors to the board of the UAE-based jack-up provider Gulf Marine Services, rejected.Seafox, a shareholder at GMS, on Thursday said it had written to Gulf Marine Services…

Indonesia Targets IPOs of Pertamina Sub-holdings

Jun 12, 2020

Indonesia's State-Owned Enterprise Minister Erick Thohir said on Friday he aimed to group units of state oil and gas company PT Pertamina into 'sub-holdings' and launch initial public offerings within two years.Thohir is trying to revamp hundreds of Indonesian state companies to boost profitability…

Asia's Largest Oil Industry Meeting APPC Will be Virtual

Jun 11, 2020

Asia's largest energy industry gathering, the Asia Pacific Petroleum Conference will this year take place virtually because of the coronavirus pandemic, S&P Platts said on Thursday.The conference will be held from Sept. 14 to Sept. 16, Platts said in a statement…

Ampelmann's Gangway for New Ice-Breaking W2W Vessel

Jun 11, 2020

Dutch offshore crew transfer specialist Ampelmann will deliver an ice-strengthened gangway for the recently ordered, Russia-bound, shallow draft ice-breaking walk to work vessel.As previously reported, Dutch shipbuilder Niestern Sander, with compatriot vessel-owner Wagenborg Offshore…

PHOTO: CNOOC Completes First Development Well at Lingshui 17-2

Jun 11, 2020

Chinese oil company CNOOC has this week completed the drilling of the first development well at the Lingshui 17-2 (LS 17-2) gas field development in the South China Sea, offshore China.The info, along with the photos, was shared by CIMC-Raffles…

Sarawak State to Sue Petronas over Sales Tax

Jun 11, 2020

Malaysia's energy-rich Sarawak state will pursue legal proceedings against national oil company Petronas over the non-payment of sales tax, backtracking on a settlement agreement reached last month, national news agency Bernama reported.Petronas and Sarawak had reached a settlement in May…

Japan's TEPCO to Spend $9-18B by 2035 on Offshore Wind, Hydro

Jun 10, 2020

TEPCO Renewable Power, a unit of Tokyo Electric Power Company Holdings, plans to spend about 1-2 trillion yen ($9-18 billion) to develop 6-7 gigawatts (GW) of offshore wind and hydroelectric power projects by 2035, its president said.'We aim…

Temasek Supports Sembcorp Marine's $1.5B Rights Issue

Jun 09, 2020

Singapore's Temasek Holdings stepped in on Monday to support a S$2.1 billion ($1.5 billion) rights issue by Sembcorp Marine as the state investor moves to help the city-state's struggling rig-building sector.Following the deal, loss-making Sembcorp Marine…

Awilco Drilling Scraps Semi-Sub Rig Deal with Keppel

Jun 08, 2020

Offshore drilling company Awilco Drilling has terminated an offshore rig construction deal with Keppel, citing a breach of contract.Awilco said Monday that its subsidiary Awilco Rig 1 (AR1) had notified Singapore-based Keppel FELS that it had…

Twitter Oil and Gas Talks Surge 100%, GlobalData Finds

Jun 08, 2020

The COVID-19 crisis has affected a wide range of businesses, but its impact on the oil and gas industry is particularly severe due to restrictions on travel as well as other broader economic activities, causing a heavy blow to the global oil demand…

Petronas CEO to Leave for Role at Malaysia Airlines

Jun 08, 2020

Malaysia's prime minister on Saturday appointed the finance chief at Petroliam Nasional Bhd (Petronas) to take over as chief executive at the state energy company, at a time when lower oil prices and the coronavirus pandemic have hit the firm's profits…

Energean Power FPSO Topside Installation Work Kicks Off

Jun 08, 2020

Work on Energean's Energean Power FPSO in Singapore has begun as Sembcorp Marine Admiralty Yard, Singapore, reopened on June 2, after the COVID-19 lockdown.The FPSO hull arrived from China in April for topside integration works in Singapore…

Current News

CNOOC’s First Quarter Profit Rises on Higher Oil Prices, Output

CNOOC’s First Quarter Profit Rises on Higher Oil Prices, Output

UAE Exit Weakens OPEC, Raises Risk of Price War

UAE Exit Weakens OPEC, Raises Risk of Price War

United Arab Emirates Exits OPEC and OPEC+

United Arab Emirates Exits OPEC and OPEC+

Technology as Enabler of Energy Security in Offshore Asia

Technology as Enabler of Energy Security in Offshore Asia

Saipem Poised for Middle East Repair Work After Iran War

Saipem Poised for Middle East Repair Work After Iran War

Middle East Conflict Jolts Offshore Drilling Market

Middle East Conflict Jolts Offshore Drilling Market

Bureau Veritas Expands Offshore Services with New Asia Hub

Bureau Veritas Expands Offshore Services with New Asia Hub

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The central bank of Chile has maintained its benchmark rate as Middle East war risks increase
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