Australian oil and gas company Far has lost a case against its compatriot Woodside in which it challenged Woodside's acquisition of ConocoPhillips' stake in the SNE field off Senegal in 2016, claiming pre-emption rights. The field is now known as Sangomar…
Four liquefied natural gas (LNG) tankers bound for North Asia have changed destination or diverted after the coronavirus outbreak hit gas demand in China, the world's second-biggest buyer of the super-chilled fuel, five sources said. In addition…
Australia's Woodside Petroleum Ltd warned on Thursday the coronavirus outbreak is hampering its efforts to seal gas deals and sell stakes in a key growth project, as it reported a 25% drop in annual underlying profit. The profit fall was in…
Indonesia plans to set up or designate a state firm to carry out upstream oil and gas activities, to try to curb red tape and regulations that are blamed for hindering investment in Southeast Asia's biggest economy. The government of President…
Several analysts cut their gas demand forecasts for China, the world's top gas importer, as the fast-spreading coronavirus outbreak is expected to depress industrial, commercial and transportation appetite over the next few months.Estimates…
China National Offshore Oil Company (CNOOC) has started oil production from its Bozhong 34-9 offshore oil field.The field, sitting in the south of the Bohai Sea in water depth of 18 meters, will at plateau produce 22,500 barrels of oil per day…
Oil prices extended gains on Wednesday as China reported its lowest daily number of new coronavirus cases since late January, stoking investor hopes that fuel demand in the world's second-largest oil consumer may begin to recover from the epidemic…
Oslo-based energy market intelligence firm Rystad Energy has slashed its global oil demand forecast for 2020 by a quarter, citing the impact of the novel coronavirus.Rystad has pointed to the fact that the coronavirus epidemic in China has triggered…
Malaysia's Petronas Carigali has signed a long-term charter deal with Carimin Marine Services for the provision of an accommodation workboat.Carimin said that Monday that the contract, signed January 21, would keep the offshore accommodation unit busy for almost two years (716 days…
Thai offshore service provider Mermaid Maritime is eyeing an expansion into the UK North Sea sector.The company said Sunday it had set up an indirect subsidiary Mermaid Subsea Services (UK) Limited on February 7.The MSS UK is owned by Mermaid's subsidiary Mermaid Subsea Services (Thailand)…
ASX-listed Cooper Energy has signed a new gas supply agreement with O-I, an industrial gas user and Australia’s largest manufacturer of glass container products.The gas is to be supplied from Cooper's equity share of production from its Casino Henry operations offshore Victoria…
Oil prices slipped lower on Monday as traders assessed China's oil demand following the coronavirus outbreak and waited to see if major producers will cut output further to balance markets. Oil is off more than 20% from peaks struck in January…
Italian oil firm Eni has signed an agreement with tanker operator Knutsen NYK Offshore Tankers (KNOT) to charter two newbuild shuttle tankers.Shuttle tankers are used to offload oil from offshore platformsSouth Korea's Daewoo Shipbuilding & Marine Engineering will build the two 124…
U.S. oilfield equipment supplier National Oilwell Varco on Friday called the coronavirus a 'wildcard' in the oil industry's outlook, with an extended outbreak potentially hurting access to Chinese-make materials and foreign sales.The Houston…
Offshore drilling contractor Noble Corporation has secured more work for two of its drilling rigs in Myanmar and Trinidad.In a fleet status update shared Thursday, Noble said its semi-submersible drilling rig Noble Clyde Boudreaux had won a new contract in Myanmar…
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