LogIn LogOut

Asian Oil & Gas Activities - page 115

 

Floating Production Systems Market Bounces Back on Recovering Oil Prices

Apr 02, 2021

Orders for production floaters have bounced back over the past month driven by rising crude prices, according to Jim McCaul, head of offshore business intelligence firm World Energy Reports.McCaul bases his assessment on data in a new floating…

Gulf Marine Services Strikes New Debt Deal with Banks

Apr 01, 2021

Gulf Marine Services, a UAE-based provider of self-propelled, self-elevating support vessels serving the offshore oil, gas, and renewables industries, has struck a deal with banks to reduce the interest rate on its loan.'Under the revised agreement…

Japan: JERA Opens Office for Akita Offshore Wind Projects

Apr 01, 2021

Japan's JERA has opened an office in the city of Akita as a base for offshore wind projects off the coast of Akita Prefecture, Japan.Favorable wind conditions along the Japan Sea from Hokkaido to Tohoku make it a promising area with many locations suitable for offshore wind power generation…

Buffalo Offshore Well Advancing to Drilling, Carnarvon Says

Apr 01, 2021

Australian oil and gas company Carnarvon Petroleum has informed that  Advance Energy has, subject to shareholder approval, raised capital to acquire a 50% interest in Carnarvon's Buffalo project, in the Timor Sea, offshore East Timor, paving way for the start of drilling operations this year…

Low Output from Cambodia's First Offshore Oil Field Hits KrisEnergy's Restructuring Plans

Mar 31, 2021

Production from the Apsara field, Cambodia's first producing offshore oil field, has been below expectations, and will almost certainly not meet the pre-development forecast of peak production of 7,500 bopd, according to KrisEnergy, the operator of the project…

KrisEnergy Finally Completes Vietnam Offshore Block Farm-out

Mar 31, 2021

After several delays, Southeast Asia-focused oil and gas company KrisEnergy has completed the farm-out of its entire 100% working interest in Block 115/09 offshore Vietnam.KrisEnergy had in February 2020 said it had struck a deal with an unnamed…

Ampelmann Clinches Eight New Projects in APAC

Mar 31, 2021

Dutch-based offshore gangway specialist Ampelmann has said it has recently secured five contracts covering eight projects in the Asia Pacific. Five of the eight are in the renewables space.'All contracts were signed in Q1 of 2021 and consist…

Chrysaor, Premier Oil Set to Complete Merger and Become Harbour Energy

Mar 31, 2021

The merger of Chrysaor and Premier Oil is due to complete on Wednesday, creating Harbour Energy, the UK North Sea's biggest oil and gas producer, which will replace Premier's stock exchange listing from Thursday, Premier said.The reverse takeover of Chrysaor by Premier Oil…

Robots Could Replace Thousands of Oil & Gas Jobs, Cut Drilling Costs

Mar 30, 2021

Robots could replace hundreds of thousands of oil and gas jobs globally and reduce drilling labor costs by several billion dollars by 2030, if there is an industry push for such a transition, Rystad Energy has found.'Even when the Covid-19 downturn is finally past us…

Qatar Petroleum to Take Full Control of Qatargas 1

Mar 30, 2021

Qatar Petroleum said Tuesday it wouldn't be renewing its Qatargas 1 LNG joint venture with Total, ExxonMobil, Marubeni, and Mitsui.Upon the expiry of the relevant joint venture agreements on December 31, 2021, Qatar Petroleum will become the sole owner of 100% of the Qatargas assets and facilities…

CNOOC to Fuel 50 New Gas-powered River Vessels

Mar 30, 2021

China National Offshore Oil Company, or CNOOC, said on Tuesday its gas and power unit would fuel 50 gas-powered vessels to be built by a state-run shipping group as part of the country's gasification push.The vessels, all for dry bulk shipments and scaled at 2…

Sapura Energy Refinances $2.5B in Debt

Mar 30, 2021

Malaysia's largest oil and gas services provider Sapura Energy on Tuesday said it has refinanced 10.3 billion ringgit ($2.48 billion) of its debt for a period of seven years.The company said the refinancing includes an $820 million term loan facility to be offered by banks in U…

Santos Sanctions $3.6B Barossa Offshore Development in Australia

Mar 30, 2021

Australian oil and gas company Santos on Tuesday announced a final investment decision (FID) has been taken to proceed with the US$3.6 billion gas and condensate project, located offshore the Northern Territory, Australia.The Barossa development will comprise a BW Offshore supplied FPSO…

PTTEP Discovers Oil and Gas at Sirung-1 Well, Offshore Malaysia

Mar 30, 2021

Thai oil and gas company PTTEP has made an oil and gas discovery from the first exploration well, Sirung-1, in Block SK405B, off the coast of Sarawak, offshore Malaysia.Phongsthorn Thavisin, PTTEP Chief Executive Officer, disclosed that PTTEP…

Woodmac: Wind Industry Could Install Around 1 TW of New Capacity by 2030

Mar 29, 2021

The global wind industry could install nearly 1 terawatt (TW) of new capacity between now and 2030, with much of that added by China, consultancy Wood Mackenzie said on Monday.China's target of having 1,200 GW of wind and solar by 2030 could result in 408 GW of new wind capacity from 2021 to 2030…

Current News

Fire at Petronas Gas Pipeline in Malaysia Sends 63 to Hospital

Fire at Petronas Gas Pipeline in Malaysia Sends 63 to Hospital

Japan’s ENEOS Xplora, PVEP Ink Deal for Vietnam Offshore Block

Japan’s ENEOS Xplora, PVEP Ink Deal for Vietnam Offshore Block

CNOOC Makes Major Oil and Gas Discovery in South China Sea

CNOOC Makes Major Oil and Gas Discovery in South China Sea

Valeura’s Assets in Gulf of Thailand Remain Operational After Earthquake

Valeura’s Assets in Gulf of Thailand Remain Operational After Earthquake

Op-Ed: Kazakhstan’s National O&G Firm Positioning Itself as Global Energy Player

Op-Ed: Kazakhstan’s National O&G Firm Positioning Itself as Global Energy Player

Woodside to Shed Some Trinidad and Tobago Assets for $206M

Woodside to Shed Some Trinidad and Tobago Assets for $206M

CNOOC Sees 11% Profit Growth in 2024 Driven by Record Oil Production

CNOOC Sees 11% Profit Growth in 2024 Driven by Record Oil Production

Subscribe for AOG Digital E‑News

AOG Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

SSE cuts annual earnings forecast but expects renewables to grow in UK
EUROPE GAS - Prices down on warmer weather and eyes on Trump tariff plan
London copper prices rise; caution before US reciprocal tariffs cap gains
https://accounts.newwavemedia.com