China's CNOOC has sold its U.S. subsidiary, together with its upstream oil and gas assets in the Gulf of Mexico, to British chemicals group INEOS, according to a CNOOC statement issued on Saturday.The Chinese oil and gas major said CNOOC Energy Holdings U…
Sunda Energy has signed a memorandum of understanding (MoU) with Timor-Leste government and state-owned companies, setting out the framework for joint evaluation of a development concept for gas resources on the Chuditch PSC, including pipeline…
Italian classification and marine engineering consultancy RINA has secured a contract from Petronas CCS Solutions to carry out a pre-FEED study for a carbon capture and storage (CCS) project in Malaysia.The contract covers the Northern hub, located in Kerteh…
French energy major TotalEnergies has completed the acquisition of OMV’s and Sapura Upstream Assets’ in SapuraOMV Upstream (SapuraOMV), an independent gas producer in Malaysia.SapuraOMV’s main assets are its 40% operated interest in block SK408 and 30% operated interest in block SK310…
Kuwait Foreign Petroleum Exploration Company (KUFPEC) is looking at more oil and gas opportunities in Indonesia's Natuna Sea, its country representative said on Monday, with Indonesian President Prabowo Subianto looking to boost the country's production…
Malaysia’s state-owned energy giant Petronas has awarded Production Sharing Contracts (PSCs) for three oil and gas clusters and one exploration block offered under the Malaysia Bid Round (MBR) 2024, with Shell and ConocoPhillips among the winners…
Sunda Energy, the AIM-quoted exploration and appraisal company focused on gas assets in Southeast Asia formerly known as Baron Oil, has entered into a non-binding Letter of Intent (LOI) with an unnamed drilling contractor for the use of its…
The value of Norway's sovereign wealth fund, the world's largest, rose to a record 20 trillion crowns ($1.8 trillion) on Friday, doubling its value in just five years as oil and gas revenue flowed in and stock markets rose.Built since 1996 as rainy-day savings…
It was likely a fairly easy decision for OPEC+ to once again delay plans to increase oil output.The soft state of global demand is by itself sufficient reason to justify the decision at this week's meeting of the group to defer winding back some of its production cuts until at least April…
Sembcorp Industries has signed a Sale and Purchase Agreement (SPA) with Chevron’s Singapore branch to import up to 0.6 million tonnes of liquefied natural gas (LNG) year, starting from 2028.The LNG deliveries will take place over the course of 10 years as agreed by the companies…
Indonesia has signed a contract with units of Harbour Energy and Mubadala Energy for the development of a Central Andaman oil and gas block, the energy ministry said in a statement on Tuesday.The contract was signed under a new gross split scheme…
China's state-owned oil and gas firm China National Offshore Oil Corporation (CNOOC) has started production at its Jinzhou 23-2 oil field development project in Bohai Sea.The project is located in the northern part of the Bohai Sea, with an average water depth of approximately 13 meters…
Trendsetter Vulcan Offshore (TVO) appointed Russell Collins as Country Manager, Australia, to head up the company’s newly opened office in Perth.“As more demand arises for TVO services in Australia and Southeast Asia, we are investing to make…
QatarEnergy and Shell have entered into a new long-term sale and purchase agreement (SPA) for the supply of three million tons per annum (MTPA) of liquefied natural gas (LNG) to China.LNG deliveries under the SPA will start in January 2025,…
PTSC Asia Pacific, a joint venture between Yinson Production and PetroVietnam Technical Services Corporation (PTSC), has secured a contract for the provision, charter, operation and maintenance of the floating storage and offloading (FSO) vessel for the Lac Da Vang project offshore Vietnam…
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