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TotalEnergies Extends LNG Supply Agreement with CNOOC Until 2034

Sep 19, 2024

TotalEnergies has secured a five-year extension of its sales and purchase agreement (SPA) with CNOOC, for the delivery of 1.25 million tons of LNG per year to China until 2034.Thanks to this agreement, TotalEnergies strengthens its long-term positions in the growing Chinese market…

CNOOC Maintains Steady Oil Production as Bebinca Typhoon Crosses East China Sea

Sep 18, 2024

China's state-owned oil and gas firm China National Offshore Oil Corporation (CNOOC) has informed the production from its offshore oil and gas platforms remained unaffected by the typhoon Bebinca, the strongest typhoon to make landfall in Shanghai in the last 70 years…

Shelf Drilling to Consolidate Jack-Up Fleet and Resolve Funding Gaps via Triangular Merger

Sep 16, 2024

UAE-based offshore drilling firm Shelf Drilling (SHLF) has initiated a business consolidation plan via triangular merger between its indirect subsidiary SHLF MergCo, Shelf Drilling North Sea (SDNS), as the surviving entity in the proposed merger…

Saipem Nets $4B for Work at Qatar’s Giant Gas Field

Sep 16, 2024

Italian offshore energy services firm Saipem has secured $4 billion engineering, procurement, and construction (EPC) contract from QatarEnergy LNG for work at a project aimed at sustaining the production of the North Field natural gas reservoir offshore Qatar…

Korea's Hanhwa Sets Out Plan for Full Takeover of Singapore's Dyna-Mac

Sep 11, 2024

South Korean conglomerate Hanhwa Group has offered to acquire all of the shares it does not own in Singapore's Dyna-Mac Holdings, valuing the offshore oil and gas contractor at S$669.2 million ($513.90 million).Hanhwa's units Hanhwa Aerospace and Hanwha Ocean already own a 25…

ADNOC Signs 15-Year LNG Supply Deal with Indian Oil

Sep 10, 2024

The Abu Dhabi National Oil Company (ADNOC) has signed long-term liquefied natural gas (LNG) supply agreement with Indian Oil for the delivery of delivery of 1 million metric tonnes per annum (mmtpa) of LNG, to be primarily sourced from the Ruwais project…

Allseas Hooks $180M Pipeline Installation Job Offshore Philippines

Sep 10, 2024

Prime Energy Resources Development, a subsidiary of Prime Infrastructure Capital, has awarded a $180 million contract to Allseas for the installation of essential pipeline and umbilical infrastructure as part of Malampaya Life Extension Project…

CNOOC Ticks Another Milestone in Ultra-Deepwater Gas Exploration

Sep 10, 2024

China's state-owned oil and gas firm China National Offshore Oil Corporation (CNOOC) has drilled a natural gas well in the ultra-deepwater Liwan 4-1 structure in the Pearl River Mouth Basin, which was tested to produce 430,000 cubic meters per day…

ADES Buys Two Jack-Ups from Vantage Drilling in $190M Deal

Sep 09, 2024

Saudi oil and gas driller ADES Holding has acquired two premium jack-up drilling rigs from Vantage Drilling, contracted in Southeast Asia, for $190 million.The transaction encompasses the direct asset acquisition of the Topaz jack-up rig, contracted…

Santos Pens Mid-Term LNG Supply Deal

Sep 05, 2024

Australian oil and gas major Santos has signed a mid-term LNG supply contract with Glencore Singapore.The contract is to supply 19 LNG cargoes, or up to approximately 0.5 million tonnes of LNG per annum over a period of three years plus one quarter…

New Partner Joins Timor-Leste Offshore Gas Development

Sep 05, 2024

Santos has concluded negotiations for the divestment of partial stake in an offshore gas project to TIMOR GAP, which will join the Bayu-Undan project as partner.Santos said the Bayu-Undan Joint Venture (BUJV) and TIMOR GAP have agreed terms…

Transocean Scoops $123M Drillship Deal in India

Sep 04, 2024

Offshore drilling contractor Transocean has secured a $123 million contract with Reliance Industries for Dhirubhai Deepwater KG1 ultra-deepwater drillship.Transocean and Reliance Industries signed a binding letter of award for the Dhirubhai Deepwater KG1 for six wells offshore India…

CNOOC Brings Online Another South China Sea Field

Sep 04, 2024

China's state-owned oil and gas firm China National Offshore Oil Corporation (CNOOC) ha started production from its Wushi 17-2 oil field development project in Beibu Gulf in South China Sea.The main production facilities include a new wellhead platform and an oil and gas processing terminal…

Environmental Group Backs Out of Scarborough Litigation

Aug 19, 2024

Woodside and the Australian Conservation Foundation (ACF) have agreed to dismiss the ACF’s challenge to a primary environmental approval for Woodside’s Scarborough Energy Project.The Scarborough Energy Project has all primary environmental approvals in place and offshore work is progressing well…

Valeura Produces First Oil from Nong Yao Extension Off Thailand

Aug 15, 2024

Canada-based oil and gas company Valeura Energy has produced first oil from its Nong Yao C development offshore Thailand.The first three of the seven Nong Yao C development wells were opened up for oil production on August 15, 2024, with additional wells to be brought online successively thereafter…

Current News

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

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The Future of Long-Idle Drillships: Cold-Stacked or Dead-Stacked?

TMC Books Compressors Orders for FPSO and LNG Vessels

TMC Books Compressors Orders for FPSO and LNG Vessels

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

Chuditch Gas Field Up for Summer Drilling Ops as Sunda Reshapes Ownership Structure

Chuditch Gas Field Up for Summer Drilling Ops as Sunda Reshapes Ownership Structure

EnQuest Bags Two Production Sharing Contracts off Indonesia

EnQuest Bags Two Production Sharing Contracts off Indonesia

Hanwha Drilling’s Tidal Action Drillship En Route to Petrobras’ Roncador Field

Hanwha Drilling’s Tidal Action Drillship En Route to Petrobras’ Roncador Field

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