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Asian Oil & Gas Activities - page 146

 

Allseas Debuts in China

Jun 04, 2020

Offshore installation firm Allseas has started pipelaying operations at the Lingshui 17-2 gas field in the South China Sea using two of its vessels Audacia and Calamity Jane. It is interesting to note that, while the company has over the years conducted work around the globe…

SapuraEnergy Nets $179,6M in New Deals Across SE Asia

Jun 03, 2020

Malaysian energy and offshore services company Sapura Energy has revealed it has recently secured a batch of contracts across Southeast Asia worth RM766 million ($179,6 million) in total.The contracts are secured by Sapura Energy's subsidiaries…

KrisEnergy Suspends Wassana Oil Field Production 'Until Further Notice'

Jun 03, 2020

Singapore-based oil and gas company KrisEnergy has suspended production from its Wassana oil field in the Gulf of Thailand citing Covid-19 pandemic and low oil prices. It will cut its Thailand workforce by 25 percent, too.'In view of the many…

China: Empyrean Gets More Time to Drill at 29/11 offshore block

Jun 03, 2020

London AIM-listed oil and gas explorer Empyrean Energy has been given more time to drill a well in its 29/11 offshore block in China.Empyrean said Wednesday that, due to the COVID-19 pandemic and the resultant global control policies, it engaged…

Oil Gains, with Brent above $40

Jun 03, 2020

Oil rose on Wednesday, with Brent above $40 for the first time since March, as optimism mounted that major producers will extend output cuts and a recovery from the coronavirus pandemic will spur fuel demand.Brent crude futures for August were up 78 cents…

Miclyn Express Offshore Bags Charters for 14 Crewboats in Thailand

Jun 02, 2020

Miclyn Express Offshore, a Singapore-based offshore vessel provider to the offshore energy industry, has secured contracts for 14 of its crewboats.The company on Monday said that 14 of its crew boats have been contracted for a long term charter 'with a leading E&P company in Thailand for 1…

Oil Prices Rise Ahead of OPEC+ Meeting on Further Output Cuts

Jun 02, 2020

Oil prices rose on Tuesday, with traders waiting to see whether major producers agree to extend their huge output cuts to shore up prices at a virtual meeting expected later this week.Brent crude futures rose 0.91%, or 35 cents, to $38.67 a barrel as of 0427 GMT…

Qatar Petroleum in 'Largest LNG Shipbuilding Deal in History'

Jun 01, 2020

Qatari state-owned oil and gas company Qatar Petroleum has entered into what it says 'are the largest LNG shipbuilding agreements in history to secure more than 100 ships valued in excess of QR 70 billion [USD19,2 billion] to cater for its LNG growth plans…

ONGC Moves 33 Offshore Rigs Ahead of Monsoon Season

Jun 01, 2020

ONGC has moved  33 offshore jack-up rigs to new drilling locations ahead of the adverse weather conditions associated with the Indian monsoon season. According to AqualisBraemar, which assisted with ONGC’s rig moves, said the operation was completed…

Oil Drops but Still Set for Biggest Monthly Gain in Years

May 29, 2020

Oil prices were dragged sharply lower on Friday by weak U.S. fuel demand, fears of a second wave of coronavirus cases in South Korea, and a worsening in U.S.- China relations, but were still on track for a hefty monthly gain.July Brent crude fell 72 cents…

Melbana Gets More Time to Find Beehive Drilling Partner

May 29, 2020

Australian oil and gas company Melbana Energy has been given more time to work on its Beehive offshore prospect in the Bonaparte Basin off W. Australia.The company said Friday that the National Offshore Petroleum Titles Administrator had approved…

Industry Group Calls for 'Key Worker' Status for Offshore Energy Workers

May 29, 2020

The International Marine Contractors Association (IMCA) has said that it continues its work to have all offshore energy workers recognized as 'key workers', in order to facilitate the efficient movement of personnel during the Covid-19 pandemic…

UAE: Jack-Up Providers Team Up to Cut Costs

May 29, 2020

UAE-based jack-up services provider Gulf Marine Services has entered into a framework agreement with Zakher Marine International ('ZMI'), a privately-owned offshore services provider also based in UAE. Both companies own fleets of self-propelled…

Petrofac in Iraq Contract Extension

May 29, 2020

UK oilfield services company Petrofac has secured a further six-month contract extension with Basra Oil Company (BOC) for its Iraq Crude Oil Export Expansion Project (ICOEEP).The contract extension was awarded to Petrofac's Engineering & Production…

Gastech Postponed for 2021

May 28, 2020

Gastech, one of the world's largest gas, LNG and energy industries events has been postponed for 2021 due to the COVID-19 pandemic.The event was expected to take place in Singapore in September this year, however, the organizers have now decided to delay the event to September 13 to 16…

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Valeura Energy Consolidates Thai Oil and Gas Assets

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