Malaysian oilfield services company Uzma has received a contract from Medco to provide chemical supply and services for the Bualuang field offshore Thailand.The contract, issued to Uzma’s subsidiary MMSVS, is for three years on a callout basis…
Cambodia's government said on Thursday it had no immediate plan for maintaining oil production in the country, after its partner KrisEnergy announced it was headed to liquidation, just five months after extracting the country's first drop of oil…
Royal Dutch Shell will seek ways to accelerate its energy transition strategy and deepen carbon emission cuts following a landmark Dutch court ruling last month, CEO Ben van Beurden said on Wednesday, a move that will likely lead to a dramatic shrinking of its oil and gas business…
Woodside Petroleum is in the final stages of working out costs on its Scarborough gas and Pluto LNG expansion project, as it faces rising labor and steel costs, the company’s boss said on Tuesday.The Scarborough development offshore Western…
Oil and gas firm Jadestone Energy, which has, since 2019, been working to complete the acquisition of OMV's interest in the Maari field off New Zealand, now expects to wrap the deal 'in the second half of 2021.'Singapore-based Jadestone in November…
Oil jumped to a two-year high above $72 a barrel on Monday, extending this year's rally supported by recovering demand and OPEC+ supply curbs, before giving up the gains as investors took profits.Demand is rising in the United States and Europe as COVID-19 restrictions are loosened and…
Italian oil and gas company Eni has said it has successfully drilled and tested the Maha 2 appraisal well offshore Indonesia, and will most likely tie it to the Jangkrik floating production unit.The well is located in West Ganal block offshore Kalimantan…
KrisEnergy, an oil and gas company focused on Southeast Asia, said Friday it had filed a winding-up petition and that it would proceed to liquidation due to its inability to pay debts.KrisEnergy warned about this outcome back on March 31 when it said that the production from the Apsara field…
Malaysian oil and gas company Hibiscus Petroleum has confirmed it has agreed to buy Repsol’s interest in oil and gas assets in Malaysia and Vietnam for $212.5 million.The announcement comes after Repsol earlier this week announced the sale to Hibiscus…
Japanese FPSO specialist MODEC has been awarded the contract for the delivery of an FPSO unit for Equinor's Bacalhau development.The EPCI contract award follows the final investment decision for the development of the field, announced by Equinor and its partners Tuesday…
Russian gas company Novatek has signed heads of agreement with Glencore for the long-term supply of LNG from the Arctic LNG 2 project.The agreement, signed Wednesday at Saint-Petersburg International Economic Forum, established the key commercial terms for the long-term supply of more than of 0…
Spanish oil company Repsol is set to sell its oil and gas exploration and production assets in Malaysia and in Block 46 CN in Vietnam to Malaysia-based Hibiscus Petroleum for an undisclosed fee.Repsol said that the sale of its upstream assets…
Malaysian oil and gas company Petronas on Tuesday confirmed the contract award to TechnipFMC for the engineering, procurement, construction, installation, and commissioning for a subsea production system, umbilical, riser, and flowline (SURF) for its Limbayong deepwater development…
Russian oil and gas firm Sakhalin Energy has started its annual preventive maintenance campaign at Piltun-Astokhskoye-B (PA-B), the largest oil and gas production platform of the Sakhalin-2 project in the Russian far east.With the topsides installed on the base structure…
Oil prices rose on Tuesday, with Brent topping $70 and trading at its highest since March, as optimism grew over the fuel demand outlook during the summer driving season of the United States, the world's top oil consumer.Prices were also boosted…
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