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Chinese, Malaysian Offshore Oil Vessels in South China Sea Standoff

Apr 17, 2020

A Chinese government survey ship is tagging an exploration vessel operated by Malaysia's state oil company Petronas in disputed waters in the South China Sea, three regional security sources said on Friday.China's Haiyang Dizhi 8 entered waters near Malaysia on Thursday…

Chinese Seismic Vessel Seen Moving Near Malaysia Amid Rising South China Sea Tensions

Apr 16, 2020

A Chinese government survey ship embroiled in a standoff with Vietnamese vessels moved south near Malaysia, shipping data showed Thursday, amid accusations that China is using the pandemic to assert its presence in the South China Sea.The Haiyang Dizhi 8 was spotted off Vietnam this week…

Santos to Sell Barossa Stake to JERA

Apr 16, 2020

Australian oil and gas company Santos has signed a Letter of Intent (LOI) to sell a 12.5% interest in Barossa offshore development in Australia to JERA. The Final Investment Decision for the project, though, has been delayed due to the economic uncertainty caused by COVID-19 and low oil prices…

Qatar Starts 80-well Offshore Drilling Campaign at NFE Project

Apr 15, 2020

Qatar Petroleum has kicked off the development drilling campaign for the offshore North Field East project, or NFE previously known as the North Field Expansion Project.The first of 80 North Field East development wells was spudded on March 29…

New Offshore Acreage Licensing to Drop 60% in 2020, Rystad says

Apr 15, 2020

Newly licensed offshore oil and gas exploration acreage is likely to fall by about 60% and onshore acreage by 30% compared with 2019 levels, Rystad Energy has said, as the Norwegian energy market analytics company expects more than half of the…

COVID 19: Only Essential Crew on OMV NZ Offshore Platforms

Apr 15, 2020

Austrian oil and gas company OMV has de-manned its offshore platforms in the Taranaki Basin in New Zealand to only essential crews due to the COVID-19 pandemic.Responding to request for comment by Offshore Engineer on how it is dealing with the COVID-19 situation…

OMV Strikes Oil and Gas Offshore New Zealand

Apr 14, 2020

Austrian energy firm OMV has said it has struck oil and gas in the Taranaki Basin offshore New Zealand.  OMV, as the operator of the Petroleum Exploration Permit (PEP) 60093, started drilling at the Toutoiwai-1 well in early March 2020.The oil…

Early Terminations for Borr Drilling Offshore Rigs

Apr 14, 2020

Jack-up drilling contractor Borr Drilling has received early contract terminations for five offshore drilling rigs, and has warned that more terminations might be forthcoming. On the bright side, the company has been awarded letters of award for two premium jack-ups…

Woodside, Reliance Terminate Survey Deals with Shearwater

Apr 14, 2020

Norwegian seismic survey company Shearwater has lost two contracts in the Asia Pacific, joining the likes of Polarcus, SeaBird, EMGS which have all been hit by the recent low oil prices and COVID-19 pandemic situation.Shearwater said Tuesday…

Chinese Seismic Vessel Returns to Waters off Vietnam Amid Virus 'Distraction' Charges

Apr 14, 2020

A Chinese ship embroiled in a standoff with Vietnamese vessels last year has returned to waters near Vietnam as the United States accused China of pushing its presence in the South China Sea while other claimants are pre-occupied with the coronavirus…

Santos Gets Keraudren Seismic Survey Nod

Apr 13, 2020

Australian offshore oil and gas safety regulator NOPSEMA has approved oil company Santos' application for a 3D seismic marine survey in the Bedout Sub-basin in Commonwealth waters off the coast of Western Australia.At its closest point, the…

KrisEnergy Sells Indonesia Block to BP

Apr 08, 2020

Southeast Asia-focused oil and gas companyKrisEnergy Ltd. an upstream oil and gas company, has sold its 30.0% interest in the Andaman II block offshore Indonesia to BP.KrisEnergy said that the previously proposed disposal of the block in the Malacca Strait was completed on Wednesday…

Total Sells Brunei, Sierra Leone, and Liberia Assets for $400M+

Apr 07, 2020

French oil firm Total has said it has sold assets in Brunei, Liberia, and Sierra Leone for more than $400 million, as part of its plan to divest $5B worth of assets in 2019-2020 period.The divestments announced Tuesday include non-core assets…

Lebanon in Another Offshore Round Delay

Apr 06, 2020

Lebanon has postponed the deadline for submissions of applications for its second offshore licensing round once again.Lebanon had in January postponed the deadline from January 31 to April 30 to allow international firms more time to pursue administrative…

OPEC+ Debates Biggest Ever Oil Output Cut as Virus Destroys Demand

Apr 03, 2020

OPEC and allies are working on a deal for an unprecedented production cut equivalent to around 10% of global supply, an OPEC source said after U.S. President Donald Trump called on oil nations to stop the oil rout caused by the coronavirus pandemic…

Current News

Oil Drops but Still Set for Biggest Monthly Gain in Years

Oil Drops but Still Set for Biggest Monthly Gain in Years

Melbana Gets More Time for Find Beehive Drilling Partner

Melbana Gets More Time for Find Beehive Drilling Partner

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

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

UAE: Jack-Up Providers Team Up to Cut Costs

UAE: Jack-Up Providers Team Up to Cut Costs

Pertamina to Develop Cilacap Refinery without Saudi Aramco

Pertamina to Develop Cilacap Refinery without Saudi Aramco

Petrofac in Iraq Contract Extension

Petrofac in Iraq Contract Extension

Gastech Postponed for 2021

Gastech Postponed for 2021

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