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Asian Oil & Gas Activities - page 110

 

Aker Solutions Manager Questioned in Malaysia. 'Charges expected'

Jun 10, 2021

Norwegian oil services firm Aker Solutions said on Thursday one of its managers was being questioned by Malaysian authorities and three sources familiar with the case said they expected charges to be brought on Friday.Malaysia's Anti-Corruption…

Cambodia Unclear on Oil Plans as KrisEnergy Heads Towards Liquidation

Jun 10, 2021

Cambodia's government said on Thursday it had no immediate plan for maintaining oil production in the country, after its partner KrisEnergy announced it was headed to liquidation, just five months after extracting the country's first drop of oil…

Oil Prices Soar on Signs of Strong Demand in Western Economies

Jun 09, 2021

Oil prices continued to rally on Wednesday on signs of strong fuel demand in western economies, while the prospect of Iranian supplies returning faded as the U.S. secretary of state said sanctions against Tehran were unlikely to be lifted.Brent crude futures were up 44 cents…

Shell to Deepen Emission Cuts After Court Ruling, But Plans to Appeal the Decision

Jun 09, 2021

Royal Dutch Shell will seek ways to accelerate its energy transition strategy and deepen carbon emission cuts following a landmark Dutch court ruling last month, CEO Ben van Beurden said on Wednesday, a move that will likely lead to a dramatic shrinking of its oil and gas business…

Yinson to Conduct pre-FEED for TotalEnergies' Suriname, Angola FPSOs

Jun 09, 2021

Malaysian FPSO specialist Yinson has been selected by TotalEnergies, to conduct preliminary Front-End Engineering Design (“pre-FEED”) for two FPSOs to be installed in Block 20/21 in Angola and Block 58 in Suriname. The Angola project FPSO is…

Woodside Faces Cost Increase at $11B Scarborough Gas Project

Jun 09, 2021

Woodside Petroleum is in the final stages of working out costs on its Scarborough gas and Pluto LNG expansion project, as it faces rising labor and steel costs, the company’s boss said on Tuesday.The Scarborough development offshore Western…

Australia: Advent Energy Issues Call for Offshore Drilling Rig to Drill Baleen-1 Well

Jun 09, 2021

Australian oil and gas company Advent Energy has issued a call for tender for the delivery of offshore drilling services for its Baleen-1 well, off Newcastle, Australia.The tender has been issued to multiple drilling contractors who have semi-submersible drilling units in the region…

Pavilion Energy Pens 10-Year LNG Deal with BP

Jun 09, 2021

Singapore's Pavilion Energy has signed a 10-year deal to buy liquefied natural gas (LNG) from BP's Singapore unit starting in 2024, the companies said on Wednesday, as the city-state seeks to diversify its gas supply sources.The long-term binding…

New Zealand: Jadestone Energy to Wrap Maari Field Buy in 2H 2021

Jun 09, 2021

Oil and gas firm Jadestone Energy, which has, since 2019, been working to complete the acquisition of OMV's interest in the Maari field off New Zealand, now expects to wrap the deal 'in the second half of 2021.'Singapore-based Jadestone in November…

Gastech 2021 to be Held in Dubai Instead of Singapore

Jun 08, 2021

Gastech, one of the world's largest exhibitions and conferences focused on gas and LNG will take place in Dubai, from 21-23 September 2021, instead of Singapore, as previously planned, event's organizers, dmg events, said Monday.The event will…

McDermott CEO David Dickson Resigns. Interim CEO Named

Jun 08, 2021

David Dickson, CEO of offshore installation and construction firm McDermott has decided to resign, the company said Monday. Dickson was CEO of the company since December 2013.Lee McIntire, an independent director on the McDermott Board of Directors…

Oil Jumps to Two-Year High. Strong Levels Here to Stay, Analyst Says

Jun 07, 2021

Oil jumped to a two-year high above $72 a barrel on Monday, extending this year's rally supported by recovering demand and OPEC+ supply curbs, before giving up the gains as investors took profits.Demand is rising in the United States and Europe as COVID-19 restrictions are loosened and…

Lukoil Enters Kazakh Offshore Block

Jun 07, 2021

Russian oil company Lukoil has agreed to acquire a stake in an offshore block in the Kazakh sector of the Black Sea.Lukoil's president Vagit Alekperov and Chairman of Kazakhstan's 'KazMunayGas' Alik Aidarbayev last Friday signed a sale and purchase deal for a 49…

Eni to Tie Maha 2 Discovery to Jangkrik FPU

Jun 07, 2021

Italian oil and gas company Eni has said it has successfully drilled and tested the Maha 2 appraisal well offshore Indonesia, and will most likely tie it to the Jangkrik floating production unit.The well is located in West Ganal block offshore Kalimantan…

KrisEnergy Files for Liquidation as Apsara Field Fails to Deliver

Jun 04, 2021

KrisEnergy, an oil and gas company focused on Southeast Asia, said Friday it had filed a winding-up petition and that it would proceed to liquidation due to its inability to pay debts.KrisEnergy warned about this outcome back on March 31 when it said that the production from the Apsara field…

Current News

PTTEP Hires Velesto’s Jack-Up Rig for Drilling Campaign off Malaysia

PTTEP Hires Velesto’s Jack-Up Rig for Drilling Campaign off Malaysia

Yinson Production Secures $1.17B Refinancing for FPSO Maria Quitéria

Yinson Production Secures $1.17B Refinancing for FPSO Maria Quitéria

Centrica and Thailand’s PTT Ink Long-Term LNG Supply Deal

Centrica and Thailand’s PTT Ink Long-Term LNG Supply Deal

Petrovietnam, Partners Sign PSC for Block Off Vietnam

Petrovietnam, Partners Sign PSC for Block Off Vietnam

Japan Protests China’s New Oil and Gas Construction Activities in East China Sea

Japan Protests China’s New Oil and Gas Construction Activities in East China Sea

CNOOC Signs Hydrocarbons Exploration and Production Deal with Kazakhstan

CNOOC Signs Hydrocarbons Exploration and Production Deal with Kazakhstan

Thailand's PTT to Buy LNG from Glenfarne's Alaska LNG Project

Thailand's PTT to Buy LNG from Glenfarne's Alaska LNG Project

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