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World's First 100,000-ton Deepwater Semi-submersible Platform Launched

7 hours ago

The world’s first 100,000-ton deepwater semi-submersible production and storage platform, which is built to ABS Class, has been launched in China.China National Offshore Oil Corporation (CNOOC) will now begin installation and commissioning on the China-built platform - named “Deep Sea No. 1” - which is a key component of the Lingshui 17-2 Gas Field Development Project.The Lingshui field has an average water depth of 1…

China's 2020 Refinery Output Rises to Record. Offshore Oil Production Grows

Jan 18, 2021

China's refineries posted record throughput in 2020, processing 3% more crude oil than a year ago, as they took advantage of low prices and healthy margins on a quick rebound in domestic fuel demand from the coronavirus pandemic.Annual throughput stood at 674…

Oil Rises to 11-month High

Jan 12, 2021

Oil hit an 11-month high just below $57 a barrel on Tuesday, bolstered by Saudi Arabia's plans to limit supply, offsetting worries that rising coronavirus cases globally would curtail fuel demand.Brent crude settled up 92 cents, or 1.7%, at $56…

Malaysia: Petronas Takes over Operatorship of E11 Gas Hub from Shell

Jan 08, 2021

Malaysian oil and gas company Petronas has become the operator of the E11 gas hub, located 130km offshore Bintulu, Sarawak, Malaysia, effective 1 January 2021.  The E11 hub which has been producing since 1982 under the MLNG Production Sharing…

Swinging Again, Saudi Arabia Sacrifices Market Share to Protect Oil Price

Jan 06, 2021

Saudi Arabia’s announcement that it will reduce oil output by 1 million barrels per day in February and March has boosted prices and helped paper over divisions within the producer alliance, at least temporarily.The unilateral cut, announced on Tuesday…

Petronas: Baram Oil Production to Resume in Q3, after Ship Accident

Jan 06, 2021

Malaysia’s state energy firm Petronas said on Monday it expects to resume full production at its Baram facilities, off the state of Sarawak on Borneo island, in the third quarter after halting output in October following an accident.Petronas…

Russia: Sakhalin Energy Sets LNG Output Record

Jan 06, 2021

Sakhalin Energy, an international consortium operating an offshore gas-fed LNG plant in eastern Russia, set a record for LNG production in 2020.Sakhalin Energy said Wednesday that it had in 2020 produced and shipped a record amount of liquefied natural gas (LNG): 178…

Petronas, T7's Tanjung Offshore Ink Offshore Platform Deal

Jan 05, 2021

Malaysian oil company Petronas Carigali has awarded Tanjung Offshore a contract for the provision of a mobile offshore production unit.Tanjong offshore will be responsible for the provision, operation, maintenance, of the offshore platform, as part of Bayan Redevelopment Project Gas Phase 2…

Russian Annual Oil Production Drops for the First Time Since 2008

Jan 04, 2021

Oil production in Russia declined last year for the first time since 2008 and reached its lowest level since 2011 following a global deal to cut output and sluggish demand caused by the coronavirus, statistics showed on Saturday.Russian oil and gas condensate output declined to 10…

KrisEnergy Brings Online Cambodia's First Offshore Oil Project

Dec 29, 2020

Cambodia has begun extracting its first crude oil from fields in the Gulf of Thailand, in a venture between Singapore's KrisEnergy Ltd and the government, both parties said on Tuesday, bringing an end to years of delays.Prime Minister Hun Sen…

Wison's FLNG Designs Get ABS AiP

Dec 24, 2020

Wison Offshore and Marine's standardized 1.3MTPA and 3.0MTPA floating liquefied natural gas (FLNG) designs have received Approval in Principle from the American Bureau of Shipping (ABS).ABS Vice President, Global Gas Solutions, Patrick Janssens…

Weir to Deliver 1,800 Sets of Wellheads and Trees for PTTEP in Gulf of Thailand

Dec 21, 2020

Oilfield equipment supplier Weir Oil & Gas has signed a five-year contract with Thailand's national oil company PTT Exploration and Production (PTTEP) to supply and install 1,800 sets of wellheads and trees in the Gulf of Thailand. The contract is valued at $70 million…

Reliance, BP Start Production from Ultra-Deepwater Gas Field Offshore India

Dec 18, 2020

India's Reliance Industries and the British oil major BP on Friday announced the startup of production from ultra-deepwater gas field R Cluster in block KG D6 off the east coast of India. RIL and BP are developing three deepwater gas projects in block KG D6 – R Cluster…

Husky, Cenovus Shareholders Approve $4.78 Billion Merger Deal

Dec 15, 2020

Cenovus Energy Inc's C$6.07 billion ($4.78 billion)deal to buy Husky Energy Inc was approved by the shareholders of the two companies on Tuesday, creating Canada's No. 3 oil and gas producer in a rapidly consolidating industry.Cenovus said 93%…

CNOOC Brings Online Bohai Sea Oil Field

Dec 14, 2020

China's CNOOC said Monday that its Penglai 25-6 oilfield area 3 project has started production ahead of schedule.The Penglai 25-6 oilfield area 3 project is located in the south central Bohai Sea, with average water depth of about 27 meters…

Current News

Kawasaki Heavy Industries Aims to Replicate LNG Supply Chain with Hydrogen

Kawasaki Heavy Industries Aims to Replicate LNG Supply Chain with Hydrogen

Indonesia: Premier Oil Farms Down Share in Tuna Offshore Block to Zarubezhneft

Indonesia: Premier Oil Farms Down Share in Tuna Offshore Block to Zarubezhneft

World's First 100,000-ton Deepwater Semi-submersible Platform Launched

World's First 100,000-ton Deepwater Semi-submersible Platform Launched

Indonesia Seizes Iran, Panama-flagged Vessels Citing Illegal Oil Transfer

Indonesia Seizes Iran, Panama-flagged Vessels Citing Illegal Oil Transfer

Report: Sumitomo to Stop Investing in New Oil Projects

Report: Sumitomo to Stop Investing in New Oil Projects

Woodside Sees Global LNG Market Tightening

Woodside Sees Global LNG Market Tightening

JDR to Deliver Subsea Umbilical for Malaysian Offshore Project

JDR to Deliver Subsea Umbilical for Malaysian Offshore Project

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