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Asian Oil News - page 33

 

Indonesia Awards Two Oil and Gas Blocks

Oct 22, 2018

Indonesia awarded two oil and gas blocks of six auctioned by the government, deputy energy minister Arcandra Tahar told reporters on Monday.Indonesia awarded South Jambi B gas block to Hong Kong Jindi Group Ltd and Banyumas exploration block to Indonesia's PT Minarak Brantas Gas…

US Rig Count Rises to Highest Since March 2015

Oct 19, 2018

U.S. drillers added oil rigs for a second week in a row this week, raising the rig count to the highest level since March 2015.Drillers added four oil rigs in the week to Oct. 19, bringing the total count to 873, General Electric Co's Baker…

Hariga Oil Port Operating Normally Following Protest

Oct 19, 2018

Libya's eastern oil export port of Hariga on Friday was working normally a day after a protest there, port workers said.Late on Thursday, tribesmen staged a demonstration at the port’s gate in protest against the appointment of a government minister…

US Energy Exports to China Plummet

Oct 18, 2018

It's probably not the kind of success U.S. President Donald Trump had in mind, but his trade dispute with China has effectively killed off the burgeoning energy trade between the world's two biggest economies.China's imports of U.S. crude oil…

Shell Sells its Danish Upstream Assets for $1.9 Bln

Oct 17, 2018

Royal Dutch Shell has agreed to sell its Danish upstream business to Norwegian Energy (Noreco) in a deal valuing the assets at $1.9 billion, as part of its wider divestment strategy, the company said on Wednesday.The sale brings Shell's three-year $30 billion divestment plan close to its conclusion…

Oil prices rise on signs of falling Iranian oil exports

Oct 16, 2018

Oil prices rose on Tuesday on signs of falling Iran oil exports ahead of U.S. sanctions against Tehran in November, while geopolitical tensions remain over a missing Saudi journalist.International benchmark Brent crude for December delivery rose 9 cents…

Lukoil to Start Oil Production at New Caspian Field in 2023

Oct 16, 2018

Russia's biggest independent oil producer Lukoil plans to start commercial oil production at its new Caspian field in 2023, the company said on Tuesday.Lukoil said it expected to reach peak production at the Rakushechnoye field of 1.2 million…

Devon Energy Sees Higher US Output in Third Quarter

Oct 16, 2018

Shale producer Devon Energy on Tuesday forecast higher U.S. production for the third quarter from a year earlier, helped by an increase in output of natural gas liquids.Devon now expects output of about 418,000 barrels of oil-equivalent per day boe/d…

Cepsa Float Fail Could Jeopardize Other Energy Listings

Oct 15, 2018

The shelving of Spanish energy company Cepsa's initial public offering (IPO) may damage prospects for a string of oil-related companies planning to go public.Returning Cepsa to the Madrid stock exchange this week in a flotation valuing the firm at up to 8 billion euros ($9…

Cepsa Postpones Bumper IPO, Blames Market Rout

Oct 15, 2018

Spain's Cepsa postponed what would have been the largest oil company listing in a decade on Monday, the latest IPO to succumb to a global sell-off in equity markets.Cepsa's owner, Abu Dhabi state investor Mubadala, had planned to raise about 2 billion euros ($2…

US GoM Oil Production Off 32% from Storm

Oct 12, 2018

U.S. Gulf of Mexico producers have cut oil output by 32 percent and natural gas production by 13 percent as a result of the lingering effects of Hurricane Michael, the Bureau of Safety and Environmental Enforcement (BSEE) said on Friday, citing reports from 27 companies…

Equinor Extends Contract for Maersk Intrepid Rig

Oct 12, 2018

Norway's Equinor has awarded Maersk Drilling AS a five-month contract for the Maersk Intrepid rig to provide operational support on the Martin Linge field in the North Sea. Two extension options will also be exercised, and four new options will be added…

LOOP Resumes Normal Operations After Storm

Oct 12, 2018

The Louisiana Offshore Oil Port (LOOP), the largest privately-owned crude terminal in the United States, said it resumed normal operations at its Marine Terminal on Thursday after operations were suspended ahead of Hurricane Michael.Major oil…

Petrobras Forms JV with Murphy in Gulf of Mexico

Oct 11, 2018

Brazil's state-controlled oil company Petroleo Brasileiro SA is forming a joint venture with Murphy Oil Company to explore oil and gas fields in the Gulf of Mexico, the Brazilian company said on Wednesday in a securities filing.According to the filing…

Shell Sees Nigeria Corruption Trial Lasting Many Months

Oct 11, 2018

Royal Dutch Shell expects a landmark corruption trial over a Nigerian oil deal to last many months, warning staff of continued critical media coverage in the $1.3 billion case, according to an internal memo seen by Reuters.Shell's Legal Director…

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