A consortium of four Pakistani companies led by Pakistan Petroleum Limited (PPL), has won an exploration concession award for Offshore Block 5 in Abu Dhabi, marking the first time Pakistani companies will invest in and explore for oil and gas in an Abu Dhabi concession…
China's top offshore oil and gas producer, CNOOC, has launched the country's first offshore carbon capture and storage (CCS) project in South China Sea, which is expected to store more than 1.46 million tonnes of carbon dioxide.As one of the…
Offshore drilling firm Noble Corporation will sell four jack-up drilling rigs to drilling company ADES for $292 million. Noble Corp, which recently acquired Pacific Drilling, expects to generate around $285 million in cash from the ADES transaction net of fees…
Chinese national offshore oil and gas company CNOOC has started production from its Bozhong 26-3 oil field expansion project in the south of Bohai Sea, The field is located in an area with an average water depth of around 21 meters. 'In addition to fully utilizing the existing processing facilities…
Indonesia's navy is preparing to charge the captain of a ship accused of loading oil illegally in Cambodia and anchoring in Indonesian waters without permission, according to local authorities and the vessel owner.Bahamas-flagged tanker MT Strovolos…
Qatar Petroleum has awarded an engineering, procurement, and construction (EPC) contract for its North Field Expansion Project to Técnicas Reunidas S.A., a Spanish-based contractor that provides EPC services to the energy industry.Técnicas Reunidas…
Oil Search Ltd will need billions of dollars to fund its growth plans, and tying up with Santos Ltd to create a A$20 billion ($14 billion) company will give it the access to capital that it needs, its boss said on Tuesday.Oil Search agreed to…
Oil major Chevron Corp has begun requiring some employees to receive COVID-19 vaccinations and is evaluating mandates throughout its entire workforce, the Wall Street Journal reported on Monday citing people familiar with the matter.Chevron is now requiring expatriate employees…
Thai oil company PTTEP has appointed its President Montri Rawanchaikul as the new Chief Executive Officer (CEO) and Director.He will replace Phongsthorn Thavisin who will end his roles with PTTEP on September 30, 2021. The appointment of the new CEO and Director will be effective from October 1…
Australian oil and gas company Santos has awarded the FEED contract for the FPSO for the Dorado project offshore W. Australia to Altera Infrastructure.Located in the Bedout Sub-basin, Dorado is an oil and gas project which is planned to be developed in two phases…
Woodside Petroleum is paying new CEO, Meg O'Neill, around 25% less than her predecessor, even as she embarks on sealing a deal to double the size of the Australian company to turn it into a top 10 independent oil and gas producer.Details of…
China's top offshore oil and gas driller CNOOC Ltd said it would channel up to 10% of annual spending to green energy by 2025, and announced interim net profit more than tripled from last year as oil prices rebounded.That doubles a previous…
China's top offshore oil and gas driller CNOOC Ltd said on Thursday its first-half net profit more than tripled from a low base last year, supported by rebounding oil prices and recovering energy demand after the pandemic.CNOOC Ltd, a listed branch of China National Offshore Oil Corp…
ABB has secured a contract worth around $120 million to supply the overall Electrical Power System (EPS) for Chevron's multi-billion-dollar Jansz-Io Compression (J-IC) project, offshore W. Australia.The Jansz-Io field is located around 200 kilometers offshore the north-western coast of Australia…
The market hasn't exactly cheered BHP Group's proposed exit from its oil and gas business, with shares of both the mining giant and the acquirer, Woodside Petroleum, tumbling in the wake of deal.A point of concern for investors is that BHP may have sold the assets too cheaply…
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