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One Person Dies as Fire Breaks Out at Kuwait Oil Field Drilling Tower

Jun 12, 2020

A fire erupted at a drilling tower in Kuwait's northern Sabriyah oil field, killing one person and injuring another, state-owned Kuwait Oil Company (KOC) said in a statement on its twitter account on Thursday.The incident, which happened early on Thursday…

ConocoPhillips Completes Tasmanian Block Farm-In

Jun 11, 2020

ConocoPhillips Australia has completed the acquisition of an 80 percent stake in from 3D Oil in Australia's offshore Tasmanian Permit T/49P.The oil giant will pay 3D Oil A$5 million cash payment in recognition of previous expenditure at the Otway basin offshore block…

Asia's Largest Oil Industry Meeting APPC Will be Virtual

Jun 11, 2020

Asia's largest energy industry gathering, the Asia Pacific Petroleum Conference will this year take place virtually because of the coronavirus pandemic, S&P Platts said on Thursday.The conference will be held from Sept. 14 to Sept. 16, Platts said in a statement…

Sarawak State to Sue Petronas over Sales Tax

Jun 11, 2020

Malaysia's energy-rich Sarawak state will pursue legal proceedings against national oil company Petronas over the non-payment of sales tax, backtracking on a settlement agreement reached last month, national news agency Bernama reported.Petronas and Sarawak had reached a settlement in May…

Papua New Guinea Amends Oil, Gas, Mining Laws to Boost Revenue

Jun 11, 2020

Papua New Guinea has passed legislation seeking to boost benefits to the country from oil, gas, and mine developments, which could impact talks on stalled projects planned by Exxon Mobil Corp and Newcrest Mining.The amended laws reflect a push by Prime Minister James Marape…

SapuraOMV Applies for Survey at Kanga Well Site (Australia)

Jun 10, 2020

Oil and gas company SapuraOMV has filed an application to Australian regulators for permission to carry out a geotechnical and geophysical survey within Permit WA-412-P offshore W. Australia, where it plans to drill the Kanga-1 well.Sapura Upstream farmed into the block in 2018…

Deep Down Secures GoM, APAC Orders

Jun 10, 2020

Subsea oil and gas production control equipment provider Deep Down has said it has received orders from two customers totaling approximately $2 million.The scope of work for these orders includes providing subsea controls equipment consisting of jumpers…

Refineries around Asia Join Chinese Peers in Increasing Production

Jun 10, 2020

Refineries from India to South Korea are expected to increase output from June, joining their Chinese counterparts as the easing of lockdown measures boosts demand for oil products, industry executives said.The average operating rate for refineries in Asia is expected to rise to 75…

Two Firefighters Die in Fire at Oilfield in India

Jun 10, 2020

Two firefighters from Oil India have died while trying to put out a massive blaze at an oilfield operated by the state-run explorer in India's northeastern Assam state, officials said on Wednesday.Oil India had suspended operations at the gas…

Penspen in Offshore Platform Modification Deal in Myanmar

Jun 09, 2020

Offshore engineering company Penspen has won a contract with a Myanmar oil and gas company for an offshore natural gas project in Myanmar.The engineering study project award will see Penspen support with drilling platform diesel fuel tank modification…

Saudi Oil Price Hike Throws Asian Lifeline to U.S. Shale

Jun 09, 2020

Saudi Arabia's decision to jack up the price of its July exports to Asia may have opened the door for U.S. crude oil producers to boost sales to the region that consumes more oil than anywhere else in the world.State-controlled producer Saudi…

Oil India's Baghjan Well Catches Fire

Jun 09, 2020

An ongoing gas leak at state-run oil and gas explorer Oil India Ltd's Baghjan well in the eastern India state of Assam caught fire on Tuesday, the company said in a statement.Oil India suspended operations at the well in its Baghjan oilfield on May 27 after an uncontrolled gas emission…

Temasek Supports Sembcorp Marine's $1.5B Rights Issue

Jun 09, 2020

Singapore's Temasek Holdings stepped in on Monday to support a S$2.1 billion ($1.5 billion) rights issue by Sembcorp Marine as the state investor moves to help the city-state's struggling rig-building sector.Following the deal, loss-making Sembcorp Marine…

Keppel Rejects Awilco Drilling's Rig Contract Termination. Ponders Legal Action

Jun 09, 2020

Singapore's offshore rig builder Keppel is considering taking legal action against Awilco Drilling after the drilling company on Monday said it had terminated a rig construction contract with Keppel.Awilco Drilling said Monday that its subsidiary…

Awilco Drilling Scraps Semi-Sub Rig Deal with Keppel

Jun 08, 2020

Offshore drilling company Awilco Drilling has terminated an offshore rig construction deal with Keppel, citing a breach of contract.Awilco said Monday that its subsidiary Awilco Rig 1 (AR1) had notified Singapore-based Keppel FELS that it had…

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