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Asian Oil & Gas Activities

 

PTTEP Finds More Gas Offshore Malaysia

Feb 24, 2021

Thai oil and gas company PTTEP has made a gas discovery at the Dokong-1 wildcat exploration well in Block SK417, located in the shallow waters of Baram Province, offshore Sarawak, Malaysia.PTTEP is the operator of the block with an 80 percent stake, while Petronas Carigali owns a 20 percent stakeThe Dokong-1 wildcat exploration well, spudded in November 2020,  was drilled to a total depth of 3,810 meters in mid-January 2021…

ADNOC Drilling Takes Delivery of Shelf Drilling Journey Jack-Up Rig

8 hours ago

UAE-based ADNOC Drilling has taken delivery of the Shelf Drilling Journey jack-up drilling rig from Shelf Drilling, following the sale and purchase deal signed in December 2020.Offshore drilling contractor Shelf Drilling said Thursday that it had on February 24…

Ex-SBM Offshore Sales Manager Convicted in Bribery Case

10 hours ago

A former sales manager of Dutch energy services company SBM Offshore was on Wednesday convicted by a London jury of conspiracy to bribe public officials to secure lucrative oil contracts in Iraq after the fall of Saddam Hussein in 2003.Paul Bond…

Petronas Strikes Oil Offshore Indonesia

Feb 24, 2021

Malaysian oil company Petronas said Wednesday it had made an oil discovery at the Hidayah-1 exploration well, located within the North Madura II Production Sharing Contract (PSC), offshore East Java,  Indonesia. Petronas' subsidiary PC North Madura II Ltd…

Floating Offshore Wind: The Next Big Thing for Asia Pacific?

Feb 23, 2021

Floating offshore wind, despite the currently low installed capacity, could be the next frontier in wind power development in the Asia Pacific with almost limitless potential, says Wood Mackenzie, adding the total investment in the sector could be worth US$58 billion…

Bumi Armada Amends Loan Maturity Date. Cites Coronavirus Impact

Feb 23, 2021

Malaysian FPSO specialist Bumi Armada has amended the maturity of a portion of the $660 loan from 2019, citing the impact of the coronavirus pandemic on its business.Bumi Armada said the loan agreement has been amended on to extend the final…

Euronav Sells and Leases Back VLCC Newton

Feb 23, 2021

Belgian tanker operator Euronav said Tuesday it had entered into a sale and leaseback agreement for the very large crude carrier Newton with China's Taiping & Sinopec Financial Leasing Ltd Co. The VLCC was sold for $36 million.'The transaction produced a capital gain of about $2…

Saipem Bags $1.7B Deal to Build Offshore Facilities for Qatar's North Field

Feb 22, 2021

Italian offshore energy services contractor Saipem has received from Qatargas a letter of award for the development of the North Field Production Sustainability Offshore Project, located offshore of the North-East coast of Qatar peninsula. The contract is worth approximately $1…

CNOOC Makes Large Oil and Gas Find in Bohai Bay

Feb 22, 2021

Chinese national oil company CNOOC said Sunday it had made a large oil and gas discovery Bozhong 13-2 in Bohai Bay.CNOOC said that the Bozhong 13-2 structure was located in the south-western Ring of Bozhong Sag in the Bohai Bay with an average water depth of about 23…

Not an Aspiration, But a Target: Eni Says Will Become Carbon Neutral by 2050

Feb 19, 2021

Italian energy group Eni on Friday raised its ambition to cut greenhouse gas emissions, vowing to become net carbon neutral by 2050, as it seeks to keep up pace in an industry under pressure from investors to go green.Like its peers, Eni is…

Hiring Spree Ahead: Offshore Wind Staff Count to Triple by Decade End

Feb 19, 2021

Credit: phi771/AdobeStockEmployment in the oil and gas sector, despite some expected uptick, will never return to its heydays of a few years ago, but offshore wind, however, will be 'the new hiring haven for energy jobs,' especially in the turbine making segment…

Siem Offshore's Siem Barracuda Nets 100-Day Offshore Wind Deal in Asia

Feb 19, 2021

Norwegian offshore vessel owner Siem Offshore and Seaway 7, the renewables business unit of Subsea 7, have entered into a contract for an offshore wind project in the Far East. Siem Offshore said that the project will utilize the offshore construction vessel 'Siem Barracuda'…

Malaysia's Petronas to Offer 13 Offshore Blocks in Feb. 26 Bid Round

Feb 19, 2021

Malaysian national oil and gas company Petronas will be offering 13 offshore exploration blocks in Malaysia at the upcoming Malaysia bid round 2021 launch on February 26, 2021. Also included, Petronas said, are six discovered fields to incentivize…

Woodside Eyes Pluto Plant Stake Sale ahead of $11B Scarborough Field Sanction

Feb 18, 2021

Woodside Energy expects strong buyer interest in the sale of a share of a new production unit at its Pluto LNG plant, top executives said on Thursday, a precondition for a planned $11 billion expansion at its Scarborough gas and Pluto project…

Tekmar Energy to Protect Cables at Two Offshore Wind Farms in China

Feb 17, 2021

Tekmar Energy has said it has won contracts to provide cable protection systems for two offshore wind farm projects located in the coastal province of Guangdong in southeast China.Under the contracts with unnamed clients, Tekmar Energy will…

Current News

ADNOC Drilling Takes Delivery of Shelf Drilling Journey Jack-Up Rig

ADNOC Drilling Takes Delivery of Shelf Drilling Journey Jack-Up Rig

Ex-SBM Offshore Sales Manager Convicted in Bribery Case

Ex-SBM Offshore Sales Manager Convicted in Bribery Case

Alexey Miller to Stay at Gazprom Helm for Five More Years

Alexey Miller to Stay at Gazprom Helm for Five More Years

ExxonMobil's Total Oil and Gas Reserves Drop by a Third

ExxonMobil's Total Oil and Gas Reserves Drop by a Third

OPEC+ to Weigh Modest Output Boost, Sources Say

OPEC+ to Weigh Modest Output Boost, Sources Say

PTTEP Finds More Gas Offshore Malaysia

PTTEP Finds More Gas Offshore Malaysia

Petronas Strikes Oil Offshore Indonesia

Petronas Strikes Oil Offshore Indonesia

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