Japan Petroleum Exploration Co (Japex) said its new long-term business plan, unveiled on Monday, was based on an assumption that it would keep its stake in the Sakhalin-1 oil and gas project in Russia.Japan's consortium, Sakhalin Oil and Gas Development (SODECO)…
Oil and gas company Empyrean Energy said Friday it would take over the China Oilfield Services Limited ('COSL') owned NH9 semi-submersible drilling rig for the drilling of the Jade well, within the next few days for safety checks. Empyrean has…
Australian oil and gas firm Santos has completed drilling operations on the Pavo-1 well, drilled in the WA-438-P exploration permit, offshore W. Australia, where the company earlier this week announced a significant oil discovery.According to Carnarvon Energy…
BHP Petroleum has submitted an environment plan for the 'safe and sustainable' closure of the Griffin Gas Export Pipeline, offshore W. Australia.The Griffin Gas Export Pipeline is located within Pipeline Licence WA-3-PL, in Commonwealth waters…
Japan aims to reduce its dependence on Russian energy, but Sakhalin oil and gas projects, in which the Japanese government and companies hold stakes, are important for its energy security, Japan's top government spokesman said on Friday.Shell…
Offshore drilling contractor Seadrill Limited has appointed Simon Johnson, former CEO of Borr Drilling, as its new President and Chief Executive Officer. Johnson will replace Stuart Jackson as President and Chief Executive Officer with immediate effect…
Japanese firm Mitsui & Co has agreed to invest EUR 575 million in Mainstream Renewable Power in the form of new common shares, corresponding to a 27.5 percent equity stake in the Mainstream, in a move that Mainstream says will pave way for the company to become 'a global renewable energy major…
Indian national oil and gas company ONGC has informed it has commissioned a new offshore water injection platform WIS-R in the Arabian sea, offshore India.The platform will boost oil and gas recovery under Mumbai High Phase-IV redevelopment (MHSRD-IV)…
ING Groep NV will no longer finance new oil and gas projects, its energy chief said, one of the first major global banks to commit to such a step in the fight against climate change.The move by the Dutch financial services firm raises pressure…
BP, the British oil major with growing renewables ambitions, has partnered up with Marubeni, the major Japanese integrated trading and investment conglomerate, to explore 'a selected offshore wind development opportunity in Japan.'The companies…
Malaysia's Petronas has signed Production Sharing Contracts (PSCs) for five offshore exploration blocks, namely SB412, 2W, and X located off the coast of Sabah, and SK439/SK440 situated off the coast of Sarawak. Block SB412 in Sabah was signed between Petronas…
Australian oil and gas company Santos has made a 'significant' oil discovery at Pavo-1 exploration well, 46 kilometers east of the Dorado field in the Bedout Sub-basin, offshore Western Australia.According to Santos, the well was drilled on…
Russian Deputy Prime Minister Alexander Novak said on Monday oil prices could reach $300 a barrel if Russian crude was shunned by the West but he said such a scenario was unlikely, TASS news agency reported.Trading sources have said some buyers…
UAE-based oil and gas company Mubadala Petroleum has announced first gas production from the Pegaga gas field in Block SK 320, offshore Malaysia.Mubadala Petroleum is the Operator of Block SK 320 containing the Pegaga field, with a 55 percent interest…
British oil major BP has won two offshore exploration blocks in Indonesia, as part of the Indonesian government's second round of the 2021 Oil and Gas Working Area (WK) Bid Round. The blocks in question are Agung l and Agung ll oil and gas exploration blocks…
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