Oilfield services company Petrofac said Tuesday it has secured a Well Project Management contract in Australia with the Thai oil firm PTTEP.Petrofac will provide all project manpower to enable the execution of plug and abandonment operations…
China's offshore oil and gas major CNOOC Ltd has delivered Shenhai-1, a 53,000-tonne, 120-meter tall locally built semi-submersible production and storage platform to its deepsea gas project in the South China Sea, a state-owned media has reported…
Qatar Petroleum on Monday took the final investment decision for the development on the North Field East Project (NFE), in what the company said was the world’s largest LNG project ever. The total cost of the project is estimated at $28.75 billion…
Following reports that workers aboard Petronas' Yetagun oil platform off Myanmar were stranded due to a military coup in the country, the Malaysian oil firm said it was working to ensure the safety of those aboard.'Petronas is extending the…
Australian offshore oil and gas regulator NOPSEMA on Friday said it was taking compliance action against oil firm Woodside Energy Ltd to ensure safe and responsible decommissioning of the Nganhurra riser turret mooring. The regulator said it was looking at possible breaches of law…
Guyana on Thursday abruptly terminated an agreement with Taiwan to open an office in the South American country, hours after China urged Georgetown to 'correct their mistake.'Taiwan's foreign ministry earlier on Thursday said it had signed an agreement with Guyana on Jan…
Energy Drilling Management Pte Ltd (EDMPL) has entered into a management agreement with Seadrill Partners to maintain, market, and operate the tender rigs Seadrill-T15, Seadrill-T16 and West Vencedor.After the transaction, EDMPL will effectively…
Oil prices climbed on Friday to their highest levels in a year, extending a run of strong gains on signs of economic growth in the United States and a continued commitment by producers to hold back crude supply.Brent crude futures climbed 28 cents…
Japanese oil firm Inpex has increased its share in Lucius and Hadrian North fields in the U.S. Gulf of Mexico.The company on Tuesday said it had acquired 2.3546% interest of the participating interest (23.29512%) in the Lucius and Hadrian North fields previously held by ExxonMobil…
Australia's Woodside Petroleum has put some activity on hold in Myanmar after generals seized power and detained elected leader Aung San Suu Kyi, and said on Tuesday it was monitoring the changing situation in the country.Woodside has been working…
Oil firm Masirah Oil has informed that production has kicked off from the second development well drilled in the Yumna Field, in the Block 50, offshore Oman.The well was spudded on December 10, 2020, using the Shelf Drilling Tenacious jack-up rig…
Dutch heavy lift and transportation company Mammoet is opening a new office in Taichung, Taiwan, to allow its team to be located closer to project sites and to offer onshore services for offshore wind farms locally.'Due to the rapid expansion…
The Indian government may give Cairn Energy a surrendered oil field such as the Ratna R-Series [offshore the west coast] in lieu of an arbitration award against the South Asian country, according to a Press Trust of India report in financial daily Mint…
Norway-based seismic survey services provider Shearwater GeoServices has won a contract for a marine seismic 3D survey in South East Asia.The company, owned by Rasmussengruppen, GC Rieber Shipping ASA, and Schlumberger, said that the contract was for two months…
U.S. petroleum inventories have continued to converge down towards the five-year average, a sign that oil market rebalancing remains on track, despite the resurgence of the coronavirus since the end of 2020.Total stocks of crude oil and products…
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