Oilfield services giant Schlumberger has announced the opening of a manufacturing center in King Salman Energy Park (SPARK) in Saudi Arabia.The company said that center will manufacture well completions technologies including liner hangers and…
Saudi Arabia's energy minister said on Tuesday he was confident that OPEC and its partner oil-producing nations, the so-called OPEC+ group, would respond responsibly to the spread of the coronavirus. He also said Saudi Arabia and Russia would continue to engage regarding oil policy…
Australian oil and gas company Triangle Energy has shut production from its shallow-water Cliff Head Alpha oil platform citing an electrical fault.Triangle Energy said Monday production at the platform located approximately 14 kilometers offshore in the Perth Basin…
Indonesia's oil and gas output is expected to contract for a fourth consecutive year in 2020, as aging fields and delays to new projects keep production levels below government targets, analysts said.The output decline comes as Jakarta proposes…
Oil prices fell on Friday as weak Asian data and a rise in new coronavirus cases fuelled uncertainty about the economic outlook while leading crude producers appeared to be in no rush to curb output.Brent crude was down $1.56, or 2.6%, at $57…
Singapore-based offshore rig builder Sembcorp Marine has said that its former consultant in Brazil has been sentenced to 19 years and four months in prison.SembMarine said Friday that Guilherme Esteves de Jesus (“GDJ”), had been convicted by…
Malaysian oil company Petronas Carigali has contracted Tanjung Offshore Services for the delivery of a mobile offshore production unit.Tanjung Offshore Services has won a contract with a consortium Partner VME Process Systems Malaysia. The contract is for the provision of leasing…
A Dubai court has ruled that Floatech, a subsidiary of Malaysia's TH Heavy Engineering, must pay $6,25 million to Dubai's Drydocks World.Drydocks World in April 2019 presented Floatech with a writ of summons demanding Floatech to pay the $6…
A unit of Japan's Inpex Corp signed on Wednesday a memorandum of understanding to supply gas to Indonesian state companies PT Perusahaan Listrik Negara (PLN) and PT Pupuk Indonesia.It would be the first sales deal for gas produced from Indonesia's…
The list of parties at London's International Petroleum Week, one of the world's biggest oil industry gatherings, continues to shrink as hosts such as ExxonMobil and Azerbaijan's SOCAR cancel events due to the coronavirus, trading sources said…
UK-based offshore equipment specialist Sparrows Group has signed a deal for the delivery of three cranes for Qatargas' giant North Field offshore expansion project.Sparrows said Wednesday the contract was secured through McDermott International…
New repair works scheduled by Royal Dutch Shell in its oilfields in Malaysia are likely to halve exports of Kimanis crude cargoes in April and squeeze supplies in Asia, two sources said on Wednesday.Kimanis is Malaysia's largest export grade…
Oman has signed an exploration and production sharing agreement with France's Total E&P and Thailand's PTTEP to explore and develop non-associated gas in Block 12, Oman's ministry of oil and gas said in a tweet on Wednesday.Total E&P is the operator of the 9…
Australia's Cooper Energy has said that the production of gas from its Sole gas project is set to begin later in February, with full production aimed for March.The company said Tuesday the Sole Gas Project had passed a critical milestone with…
Indonesia's state-owned oil and gas company PT Pertamina signed a framework agreement with Malaysia's Petronas to sell and buy crude this year, Pertamina said in a statement on Tuesday.The agreement is a follow up to their plan last year to swap crude…
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