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Velesto’s Jack-Up Rig Set for Drilling Job off Indonesia

May 23, 2025

Malaysia’s oil and gas services firm Velesto has secured a new drilling contract for its NAGA 8 jack-up drilling rig offshore Indonesia.The contract has been awarded by PC Ketapang II, PC North Madura II, and PETRONAS North Ketapang, and is set to begin in July 2025.Velesto’s rig will be engaged for a firm period of four years covering 12 firm wells and three optional wells.A suspension period is scheduled from February to July 2026…

Keyfield Ventures into Indonesia’s Oil and Gas Market with New Partner

May 23, 2025

Malaysia-based fleet owner of self-propelled accommodation workboats Keyfield International has signed a memorandum of understanding (MoU) with Indonesia’s PT Elnusa Trans Samudera (ETSA) to explore joint marine services opportunities in the oil and gas sector…

Fire Contained at Vietnamese Oil Platform Undergoing Decommissioning (Video)

May 23, 2025

A fire incident that occurred at a platform undergoing decommissioning operation offshore Vietnam has been contained, the operator Petrovietnam Exploration Production Corporation (PVEP) has informed.The incident took place at Song Doc field…

Petronas, Inpex Secure Oil and Gas Exploration Rights off Indonesia

May 22, 2025

Petronas Energy Serpang, in association with Inpex and EO Serpang (EOS), have jointly been awarded rights to explore the Serpang Working Area located offshore Eastern Java in Indonesia.The award comes as part of the second Indonesia Petroleum…

Mubadala Energy Open to Sell Andaman Gas for Domestic Use

May 21, 2025

Mubadala Energy would be more than happy to supply all the natural gas to be produced from its south Andaman block for Indonesia's domestic consumption at the right price, a senior executive said on Wednesday.Indonesia wants gas producers to increase supplies to domestic users as demand is rising…

Velesto’s Jack-Up Rig Up for Drilling Job Offshore Vietnam

May 20, 2025

Malaysia’s oil and gas services firm Velesto has secured a drilling contract by Phu Quoc Petroleum Operating Company (PQPOC) for its NAGA 4 jack-up drilling rig, which will be put to work off Vietnam.Under the long-term contract, Velesto’s NAGA…

ABS Greenlights SHI’s Multi-Purpose Deepwater LNG Floating Unit

May 20, 2025

American Bureau of Shipping (ABS) has issued an approval in principle (AiP) to Samsung Heavy Industries (SHI) for its design of a multi-purpose liquefied natural gas (LNG) floating facility for deep water (MLF-O).Called MLF-O, the next-generation…

Turkey Discovers New Black Sea Gas Reserve

May 19, 2025

Turkey has discovered a new reserve of 75 billion cubic metres (bcm) of natural gas during drilling works in the Black Sea, President Tayyip Erdogan said on Saturday.'With this discovery, we will meet the natural gas needs of homes in Turkey for 3…

Indonesia's Medco Starts Production at Natuna Sea Fields

May 16, 2025

Indonesian energy company Medco Energi Internasional on Friday started production at its Forel and Terubuk fields in the Natuna Sea, officials said.The two fields are part of the South Natuna Sea Block B and will increase its production by 20…

Indonesia Grants Approval to Kuwaiti Firm for Anambas Block in Natuna Sea

May 15, 2025

The Kuwait Foreign Petroleum Exploration Company (KUFPEC) has secured approval for its development of the Anambas block in Indonesia, where it aims to acquire more projects, officials said on Thursday.KUFPEC will invest about $1.54 billion to…

ADNOC’s XRG Partners Up with Petronas for Offshore Gas Block in Caspian Sea

May 14, 2025

XRG, a subsidiary of Abu Dhabi National Oil Company (ADNOC), Petronas and the Turkmenistan State Enterprise Hazarnebit have signed a new Production Sharing Contract (PSC) with the State Concern Turkmennebit for the offshore Block I gas and condensate fields in Turkmenistan…

Valeura Energy Greenlights Wassana Oil Field Redevelopment off Thailand

May 14, 2025

Canada-based oil and gas company Valeura Energy has taken a final investment decision (FID) to redevelop the Wassana oil field in the Gulf of Thailand, committing $120 million to replace aging infrastructure and boost production.The redevelopment plan for the field…

Scarborough FPU's Topsides and Hull Come Together in Major Engineering Feat (Video)

May 14, 2025

Woodside Energy’s Scarborough energy project has achieved a major engineering milestone with the joining together of the topsides and hull for the Floating Production Unit (FPU).Constructed separately at two different fabrication yards in China…

Shell-Reliance-ONGC JV Complete India’s First Offshore Decom Project

May 05, 2025

The Panna-Mukta and Tapti (PMT) joint venture partners, consisting of Shell (through BGEPIL), Reliance Industries (RIL), and Oil and Natural Gas Corporation Limited (ONGC), have completed India's first offshore facilities decommissioning project…

MODEC, Sumitomo Partner Up for Delivery of Gato do Mato FPSO

Apr 28, 2025

MODEC has executed a contract with Sumitomo Heavy Industries for the delivery of Gato do Mato floating production, storage and offloading (FPSO) unit for Shell, which will be deployed offshore Brazil.MODEC and Sumitomo Heavy Industries signed…

Current News

Keyfield Ventures into Indonesia’s Oil and Gas Market with New Partner

Keyfield Ventures into Indonesia’s Oil and Gas Market with New Partner

Fire Contained at Vietnamese Oil Platform Undergoing Decommissioning (Video)

Fire Contained at Vietnamese Oil Platform Undergoing Decommissioning (Video)

Velesto’s Jack-Up Rig Set for Drilling Job off Indonesia

Velesto’s Jack-Up Rig Set for Drilling Job off Indonesia

Petronas, Inpex Secure Oil and Gas Exploration Rights off Indonesia

Petronas, Inpex Secure Oil and Gas Exploration Rights off Indonesia

Mubadala Energy Open to Sell Andaman Gas for Domestic Use

Mubadala Energy Open to Sell Andaman Gas for Domestic Use

Velesto’s Jack-Up Rig Up for Drilling Job Offshore Vietnam

Velesto’s Jack-Up Rig Up for Drilling Job Offshore Vietnam

ABS Greenlights SHI’s Multi-Purpose Deepwater LNG Floating Unit

ABS Greenlights SHI’s Multi-Purpose Deepwater LNG Floating Unit

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