Oil prices rose by about 1% on Thursday after the International Energy Agency said that record natural gas prices will boost demand for oil and top oil producer Saudi Arabia dismissed calls for additional OPEC+ supplies.Brent crude futures gained 87 cents…
BP Singapore has agreed to offtake crude oil produced from the Cliff Head oil field, offshore W. Australia.BP has signed a binding deal to buy the oil from the offshore oil field with the Cliff Head Joint Venture consisting of Triangle Energy and Pilot Energy…
Oil hit a multi-year high on Wednesday above $83 a barrel, supported by OPEC+'s refusal to ramp up production more rapidly against a backdrop of concern about tight energy supply globally.The market later unwound those gains due to an American…
Malaysian oil and gas firm Petronas said Tuesday its floating LNG Unit Satu had delivered its 50th LNG cargo.'The milestone cargo was successfully loaded on September 25, 2021, onto the Seri Cemara LNG carrier operated by MISC Berhad for shipment to Taiwan…
Oil and gas company Jadestone Energy has tied the Montara H6 development well off Australia into the field facilities and the well has started production.Jadestone is the 100% owner and operator of the Montara field, located in Production Licences AC/L7 and AC/L8 in the Timor Sea…
China's state-run offshore oil and gas major CNOOC Ltd said it plans to raise up to 35 billion yuan ($5.41 billion) in a new share issue on the Shanghai stock exchange to fund several key oil and gas projects.The domestic fund-raising plan came as U…
Chinese offshore oil producer CNOOC said Friday it had begun producing oil from its Bozhong 19-4 project in the south of the Bohai Sea. Located in an average water depth of about 21 meters, the project uses the existing processing facilities of Bozhong 25-1 oilfield…
FPSO supplier BW Offshore has received regulatory approvals for the Joint Venture Partnership consisting of BW Offshore Limited, ICMK Offshore Investment Pte Ltd, and Macquarie Bank Limited for the Barossa FPSO project.As previously informed…
Chinese offshore oil and gas company CNOOC said Thursday that a project to power Bohai Bay offshore fields from shore has kicked off operation successfully.'This onshore power project is located in the mid-western Bohai Bay, containing two parts…
Deep in the Oman desert lies one of BP's more lucrative projects, a mass of steel pipes and cooling towers that showcases the British energy giant's pioneering natural gas extraction technology.The facility earned BP Plc more than $650 million in profits in 2019…
Exports of Malaysia's flagship crude oil Kimanis will fall in October and November after a production issue at an offshore oilfield operated by Royal Dutch Shell, three sources with knowledge of the matter said.Petroleum Brunei, one of the stakeholders…
Delta Offshore Energy said Tuesday it had secured the environmental approval for the LNG to Power Project, the 3.2 GW power plant, and LNG Terminal in Bac Lieu, Vietnam.'Environmental Impact Assessment (EIA) is an extremely important key regulatory…
Offshore installation firm McDermott has completed the transportation and installation of a central processing platform jacket, wellhead service deck, and conducted topside floatover as part of an Idemitsu-operated offshore project in Vietnam…
TAQA, a UAE-based oil company with assets in the UK North Sea, said Wednesday it had initiated a strategic review of its oil and gas operations, including the possibility of selling some or all of them.'The review will assess strategic options…
Indonesian oil and gas regulator SKK Migas has approved the Plan of Development (POD) for the Ubadari gas field and Vorwata Carbon Capture Utilization and Storage (CCUS) project, as the next stage of development at the Tangguh LNG project in Papua Barat…
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