Oil output at the giant Exxon-led Sakhalin-1 Russian Pacific project collapsed following the U.S. major's refusal to accept local insurance for tankers after Western insurers pulled out due to sanctions, several industry sources told Reuters…
The Philippines is seeking to revive its moribund upstream oil industry with the redevelopment of an oil field that last produced in the early 1990s, as it hopes to wean itself off fuel imports, energy officials said on Wednesday. With the Southeast…
India is offering 26 oil and gas blocks and 16 coal bed methane blocks in its latest exploration licensing round, according to the country's upstream regulator, as the world's third largest oil consumer seeks to boost local output.'There is…
India maintains a 'healthy dialogue' with Russia and will look at what is offered following an announced ownership revamp to the Sakhalin-1 oil and gas project, Petroleum Minister Hardeep Singh Puri told Reuters. Russia last week issued a…
Malaysia Marine and Heavy Engineering (MMHE) has secured a contract from Shell in Malaysia for the engineering, procurement and construction (EPC) services of the offshore platform for the Rosmari-Marjoram gas project. The project is located off the coast of Sarawak…
Japan will decide what to do about the Sakhalin-1 oil and gas project in Russia's Far East in consultation with its partners as it reviews details of a decree by Moscow, Japanese industry minister Yasutoshi Nishimura said on Tuesday.Russia last…
India-based Reliance Industries' recently delivered FPSO Ruby on Sunday collided ‘lightly’ with an accommodation barge offshore the east coast of India, India’s Economic Times reported on the same day.The news website cited a Reliance spokesperson…
Abu Dhabi National Oil Company (ADNOC) has awarded a $1.53 billion (AED 5.62 billion) contract to ADNOC Drilling, to expand ADNOC’s offshore operations and its objective to increase oil and gas production.ADNOC offshore division ADNOC Offshore awarded the two-year contract…
EIG-backed LNG company MidOcean Energy has agreed to acquire Tokyo Gas’ interests in a portfolio of four Australian integrated LNG projects, Gorgon LNG, Ichthys LNG, Pluto LNG, and Queensland Curtis LNG for $2.15 billion in cash. 'These integrated…
Saad Sherida Al-Kaabi, the Minister of State for Energy Affairs, the President and CEO of QatarEnergy, said that three new partners will be entering the North Field South (NFS) project in addition to the partner recently announced, adding that they will be announced in due course…
OPEC+ agreed steep oil production cuts on Wednesday, curbing supply in an already tight market, causing one of its biggest clashes with the West as the U.S. administration called the surprise decision shortsighted.OPEC's de-facto leader Saudi…
Thai oil company PTTEP has selcted Technip Energies to perform Front-End Engineering Design (FEED) of the Lang Lebah OnshoreGas Plant 2 (OGP2) project located in Bintulu, Sarawak, in Malaysia. The FEED contract covers the design of an onshore…
Shell announced a second investment in Malaysia's oil and gas sector in a month as the major and its partners, including Petronas, aim to revive output in an environment of tight global supply.Shell's decisions come after the war in Ukraine disrupted Russian oil and gas supplies and boosted prices…
India's state-run Bharat Petroleum Corp said it had signed a preliminary agreement with Brazil's national oil company Petrobras PETR4.SA to help it diversify its crude oil sourcing.Indian state refiners rarely buy Brazilian oil. The Memorandum…
U.S. oil firm Hess has started gas production from the North Malay Basin (NMB) Phase 3 project in Block PM302, located 290 kilometres offshore Peninsular Malaysia.Malaysian oil and gas giant Petronas shared the news of production startup on Monday…
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