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Asian Oil & Gas Activities - page 157

 

Tendeka's Equipment for Mubadala's Thailand Oil Fields

Mar 30, 2020

Well completions specialist Tendeka has secured a three-year contract with Mubadala Petroleum, to supply sand-face completion equipment in Thailand.Under the deal, Tendeka will supply sand screens and autonomous inflow control devices (AICD) to Mubadala Petroleum’s Jasmine…

Australia May Need LNG Imports from 2024

Mar 27, 2020

Australia will need to import liquefied natural gas (LNG) by 2024 for its southern states to avoid shortfalls unless more gas fields are developed locally and pipelines are expanded, the country's energy market operator said on Friday.Despite…

Kim Heng in Taiwan Offshore Wind JV

Mar 27, 2020

Singaporean offshore services provider Kim Heng Marine & Oilfield Pte has entered into a joint venture with a Taiwanese company to create Bridgewater Marine (Taiwan) Limited.Kim Heng Offshore & Marine, a parent company of Kim Heng Marine & Oilfield…

Woodside Halves Spending Plans. Delays Scarborough, Browse FIDs

Mar 27, 2020

Woodside Petroleum halved its forecast spending for 2020 and deferred go-ahead decisions for its two biggest gas projects to ride out the pain of the coronavirus pandemic and plunging oil prices.Australia's top independent gas producer said…

ConocoPhillips to Acquire 80% Stake in 3D Oil's Offshore Block

Mar 26, 2020

ConocoPhillips Australia is nearing completion of the previously proposed acquisition of majority interest in the offshore Tasmanian Permit T/49P from 3D Oil.First announced in December 2019, the deal entailed ConocoPhillips acquiring a 75 percent stake…

20 Workers Isolated at Field Feeding Nord Stream Pipeline

Mar 26, 2020

Gas giant Gazprom said on Thursday 20 workers have been quarantined at Bovanenkovo gas field, which feeds the Nord Stream pipeline and is a key source of Russian gas supplies to Europe, after contact with a person who has coronavirus.The outbreak…

Brent Crude Drops to $26.35. Outlook Bleak

Mar 26, 2020

Oil prices fell on Thursday, ending three sessions of gains, as movement restrictions worldwide to contain the coronavirus destroyed demand and overshadowed expectations that a U.S. $2 trillion emergency stimulus will bolster economic activity…

Offshore Rig Worker in Australia Tests Positive for COVID-19

Mar 25, 2020

An offshore drilling rig worker, employed on a Maersk Drilling rig in Australia, tested positive to coronavirus after going to overseas home, oil and gas company Inpex has informed.'On 22 March we became aware that a person who recently worked…

China's CNOOC Reports 16% Rise in Net profit in 2019

Mar 25, 2020

China's national offshore energy producer CNOOC Ltd reported a 15.9% rise in 2019 profit on Wednesday, its best performance in five years thanks to higher oil and gas output and persistent cost control.CNOOC, one of the industry's lowest-cost explorers and producers…

Vroon: Suspension on Crew Changes Extended

Mar 25, 2020

Dutch shipping company Vroon is extending its recently imposed suspension of crew changes on its vessels, citing the impact of the coronavirus.In a public letter addressed to colleagues, friends, and families, Vroon CEO Herman Marks said: 'Every day…

JOGMEC, JX, Petronas Testing CCS at Malaysian Gas Fields

Mar 25, 2020

Japan Oil, Gas and Metals National Corporation (JOGMEC) has signed an agreement with JX Nippon Oil & Gas Exploration and Petronas to study the development of high CO2 gas fields in Malaysia, utilizing Carbon Capture and Storage (CCS) technology…

Oil Prices Fall as Demand Woes Eclipse U.S. Stimulus

Mar 25, 2020

Oil prices slipped into negative territory on Wednesday as faltering fuel demand from the spread of the coronavirus outweighed a massive pending U.S. economic stimulus package.Brent crude was down 45 cents, or 1.66%, at $26.70 per barrel at 1029 GMT after earlier rising to a high of $28…

CNOOC Eyes 'Significant' Spending Reductions

Mar 25, 2020

Chinese offshore oil and gas specialist CNOOC Ltd said on Wednesday it will 'significantly' reduce capital spending this year amid sharply lower global oil prices.The state-backed energy company saw limited impact on its operations from the…

New Oil and Gas Project Spending to Fall 68% in 2020 if Oil Price Stays Low

Mar 24, 2020

Oil and gas project sanctioning in 2020 could drop almost 70% compared to 2019 if the oil prices remain in the $30 a barrel area, Norway-based Rystad Energy said in an analysis on Monday.'The effect of the COVID-19 virus on global demand for oil and gas…

Offshore Drilling: It’s Going to Get Worse Before It Gets Better

Mar 23, 2020

With the oil price crash and COVID-19, the near-term outlook for the offshore rig market is on a lot of minds. RigLogix has contacted a number of rig owners and operators and the consensus seems to be that it’s going to get worse before it gets better…

Current News

ABS Takes Charge of Digital Twin Project for Petrobras’ FPSOs

ABS Takes Charge of Digital Twin Project for Petrobras’ FPSOs

Petronas to Proceed with South China Sea Oil and Gas Exploration

Petronas to Proceed with South China Sea Oil and Gas Exploration

Fugro Names Annabelle Vos Director for Middle East & India

Fugro Names Annabelle Vos Director for Middle East & India

Korea's Hanwha Raises Offer for Singapore's Dyna-Mac Takeover

Korea's Hanwha Raises Offer for Singapore's Dyna-Mac Takeover

East Timor Eyes Chinese Partners for Stalled Greater Sunrise Gas Development

East Timor Eyes Chinese Partners for Stalled Greater Sunrise Gas Development

CNOOC Kicks Off Production from Bohai Bay Field

CNOOC Kicks Off Production from Bohai Bay Field

Eni Strengthens LNG Ties with Japan

Eni Strengthens LNG Ties with Japan

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