Malaysia's Dayang Enterprise has won a contract with Shell's Malaysian subsidiaries for the provision of topside maintenance services offshore Malaysia.Dayang said Monday that the contract value would depend on orders issued by Shell throughout the contract duration…
Oil prices rose on Tuesday, with Brent topping $70 and trading at its highest since March, as optimism grew over the fuel demand outlook during the summer driving season of the United States, the world's top oil consumer.Prices were also boosted…
Jack-up drilling rig contractor Shelf Drilling has secured a contract in India for its Trident XII jack-up drilling unit. The contract is with the Indian oil company ONGC. Under the three-year contract, the Trident XII drilling rig will be used…
Siemens Energy, which supplies turbines to the power sector, on Wednesday lowered the upper end of its target range for 2021 sales, hurt by weaker-than-expected demand, project delays, and the ongoing coronavirus crisis.Revenues are now expected to grow 3-8% in the year to September…
International oil activity should ramp-up through the end of this year and beyond, Schlumberger NV top boss Olivier Le Peuch said on Friday, a shift that will help the company grow revenue outside North America by double-digits in the second half of the year…
Oil prices rose on Friday on hopes of a fuel demand recovery in the United States and Europe as economic growth picks up and lockdowns ease, but worries about India's raging second wave of COVID-19 cases kept a lid on gains.Brent crude futures rose 21 cents…
Liquefied natural gas (LNG) demand growth in Asia will slow down next year as the economic recovery stagnates and the capacity of competing fuels nuclear and coal expand in Japan and South Korea, research consultancy Wood Mackenzie said on Thursday…
Gastech, one of the world's largest exhibitions and conferences focused on gas and LNG will take place in Dubai, from 21-23 September 2021, instead of Singapore, as previously planned, event's organizers, dmg events, said Monday.The event will…
Woodside Petroleum's outgoing boss said on Friday his replacement will face two company-defining challenges: replacing its aging assets and managing the transition to cleaner energy.Australia's top independent gas producer is betting its future on the $11 billion Scarborough gas project…
KrisEnergy, an oil and gas company focused on Southeast Asia, said Friday it had filed a winding-up petition and that it would proceed to liquidation due to its inability to pay debts.KrisEnergy warned about this outcome back on March 31 when it said that the production from the Apsara field…
Indian Oil Corp, the country's top refiner, said on Thursday it would resume purchases of Iranian oil if Washington lifts sanctions against Tehran over its disputed nuclear program.The European Union official leading talks to revive Iran's nuclear…
China’s offshore oil and gas major CNOOC Ltd has put out a fire at a production platform in Bohai Bay and is focusing its efforts on searching for three people who went missing, the firm said on Friday.In a filing to the Hong Kong stock exchange…
The Australian offshore oil and gas safety regulator NOPSEMA has approved Inpex's plans for 2D seismic surveys offshore W. Australia.Inpex's proposed survey will cover the WA-532-P and WA-533-P offshore blocks in the Browse and Offshore Canning Basins…
Japan's biggest oil and gas explorer Inpex Corp raised its net profit forecast for 2021 by 40% on Thursday thanks to higher than expected oil prices but left its capital expenditure plans unchanged so it can repay more debt.Inpex is now forecasting a net profit of 140 billion yen ($1…
A Singapore court has approved a freeze on up to $3.5 billion of assets of the family behind collapsed Hin Leong Trading Pte Ltd, boosting the prospect of debt recovery from the former oil trading empire that counts some of the world's biggest banks among its creditors…
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