Chinese offshore drilling company COSL is set to sign an integrated drilling contract with Empyrean Energy to drill the Jade exploration well on Block 29/11, offshore China. The drilling is expected to start in December, Empyrean said Thursday…
Offshore drilling company Borr Drilling said Thursday it had secured a letter of award for its jack-up drilling rig Mist.The deal is with an unnamed operator in Southeast Asia, and the drilling program is set to begin in November 2021.Subject to final confirmation…
Japan-based Shimizu Corporation has signed an offshore wind partnership agreement with the Dutch offshore installation giant Heerema Marine Contractors.The cooperation, targeting the Japanese offshore wind market, is primarily focused on installing turbine foundations…
Australian oil and gas company Carnarvon Petroleum has hired Valaris JU-107 jack-up drilling rig to drill the Buffalo-10 well in the Timor Sea.'The drilling operations are expected to commence once the rig has completed its current operations…
TAQA, a UAE-based oil company with assets in the UK North Sea, said Wednesday it had initiated a strategic review of its oil and gas operations, including the possibility of selling some or all of them.'The review will assess strategic options…
Indonesian oil and gas regulator SKK Migas has approved the Plan of Development (POD) for the Ubadari gas field and Vorwata Carbon Capture Utilization and Storage (CCUS) project, as the next stage of development at the Tangguh LNG project in Papua Barat…
Norwegian firm Aker Solutions has awarded MAN Energy Solutions the contract to supply subsea compressor units for Chevron's Jansz-Io Compression (J-IC) Project offshore Western Australia.The Jansz-Io field was first discovered in April 2000 and is a part of the Gorgon project…
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…
Australia’s parliament last week passed legislation under which the government will be able to make offshore license owners pay for decommissioning and environmental remediation if they sell their offshore blocks and the new owner is then unable to meet its financial obligations…
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…
Oil and gas companies Rex International and Duta Marine have been awarded rights to operate the Rhu-Ara and Diwangsa clusters offshore Malaysia. Petronas signed the two Small Field Asset (SFA) Production Sharing Contracts with the two companies…
Shell's Malaysian subsidiary Sarawak Shell Berhad has made a final investment decision (FID) on the Timi gas development, offshore Sarawak, in Malaysia. The Timi development will feature Shell Sarawak Berhad's first wellhead platform in Malaysia…
Malaysian state energy giant Petronas announced a flip to a second-quarter profit on Friday on the back of a recovery in prices and demand, but said it will be a 'long, drawn out process' before the industry returns to pre-pandemic levels.Petronas…
The Fujairah Oil Terminal is investing an estimated $45 million to upgrade the infrastructure at its storage facilities, betting on a surge in crude trading and storage demand at the United Arab Emirates oil hub, the company's chairman told Reuters…
When Cambodian officials commemorated the start of the country's first oil project in June by preserving the first drops of production at a high-profile ceremony, they heralded the country's emergence as a budding oil exporter at the heart of Asia…
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