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Oil & Gas Production News - page 6

 

Jadestone Energy Declares First Dividend Despite Oil Slump

Sep 10, 2020

Asia Pacific-focused oil and gas production company Jadestone Energy declared a maiden interim dividend on Thursday and reported positive operating cash flows in the first half, despite a slump in crude oil prices.The maiden dividend payout…

Oil Slides Towards $40 on Demand Fears Sparked by Rising COVID-19 Cases

Sep 08, 2020

Oil slid more than 3% towards $40 a barrel on Tuesday, its 5th session of decline, pressured by concerns that a recovery in demand could weaken as coronavirus infections flare up around the world.Coronavirus cases rose in 22 of the 50 U.S. states…

Big Projects Will Be Needed to Fill Up North West Shelf's Spare Capacity, Woodmac Says

Sep 08, 2020

Woodside-operated North West Shelf (NWS) LNG project in Australia could have up to 7 million tonnes per annum (mmpta) of spare capacity available by 2027. This equates to 40% of the project’s nominal capacity, energy intelligence firm Wood Mackenzie said in a report this week…

Woodside, Cairn Ink Binding Deal for Senegal Oil Field Rights Transfer

Sep 04, 2020

Australian oil and gas giant Woodside has signed binding agreements with Cairn for the acquisition of Cairn's 40 percent interest in Woodside-operated offshore oil blocks in Senegal.The firm deal, announced Friday, comes after Cairn had in July agreed to sell its interest in the Rufisque Offshore…

Kato Energy Files Amulet Offshore Project Proposal

Sep 04, 2020

Australian oil and gas company Kato Energy has filed an offshore project proposal for the development of the Amulet field - and possibly the Talisman field - on the North West Shelf, offshore of mainland Western Australia (WA).The field, located 132 km north of Dampier…

SapuraOMV Brings Online Bakong Gas Field Offshore Malaysia

Sep 03, 2020

Malaysia's SapuraOMV Upstream on Thursday announced stable production from its Bakong gas field project under the SK408 Production Sharing Contract (PSC), offshore Malaysia.'The production phase started in June 2020. This follows the successful…

With Dampier Spirit FSO Set to Leave Stag Field, Jadestone Turns to Tankers

Sep 03, 2020

Oil and gas firm Jadestone Energy has signed new offtake arrangements for its Stag offshore oil field in W. Australia as the FSO used to take oil off the Stag platform is set to retire.Jadestone’s Stag oilfield produces crude oil via a fixed leg…

Husky Energy's Offshore Project in China Nears Completion

Sep 02, 2020

Canadian oil and gas company Husky Energy said Wednesday it was moving towards the startup of the Liuhua 29-1 field at the Liwan Gas Project, offshore China. Husky said that the tie-in of the Liuhua 29-1 field at the Liwan Gas Project was complete…

Brent Crude at Five-month High on Abu Dhabi Output Cuts

Aug 31, 2020

Oil rose on Monday, with Brent touching the highest in five months, underpinned by a 30% cut in Abu Dhabi crude supplies and encouraging Chinese data even as global demand struggles to return to pre-COVID levels in a well-supplied market.Brent crude futures for November advanced to $46…

FAR OK with Cairn's Sangomar Stake Sale. Won't Trigger Buy Option

Aug 27, 2020

FAR, an Australian oil and gas company with a share in the $4.2 billion Sangomar oil and gas field in Senegal, will not stand in the way to its partner Cairn divesting its stake in the project.Namely, Cairn last month agreed to sell its 40% ownership in the Woodside-operated Rufisque…

Malaysia's Hibiscus Petroleum Eyes Acquisitions

Aug 26, 2020

Bursa Malaysia-listed oil and gas company Hibiscus Petroleum is looking to expand its asset portfolio through acquisitions of assets with strong production potential.Hibiscus, which owns offshore oil fields in Malaysia, Australia, and the UK North Sea…

Construction of Cambodia's Maiden Offshore Oil Platform Complete

Aug 26, 2020

Construction of KrisEnergy's minimum facilities wellhead platform for the Apsara oil development offshore Cambodia has been completed and the platform has sailed away to its offshore location.KrisEnergy said the topsides and the jacket of the…

Oil Search Cuts Costs to Position Itself for Growth from 2025

Aug 25, 2020

Oil Search Ltd aims to start producing oil in Alaska in 2025 and expand Papua New Guinea (PNG) gas exports from 2027, after slashing costs to weather weaker oil prices in the wake of the coronavirus outbreak, its chief executive said on Tuesday…

Flexible ballast water treatment for offshore

Aug 20, 2020

Requirements in the offshore industry are diverse. With vessels ranging from smaller supply ships and anchor handling tugs to large drill ships and accommodation platforms, there are seldom one-size-fits-all solutions. In ballast water treatment…

CNOOC 1H Profit Slumps on Virus-hit Demand, Low Oil Prices

Aug 19, 2020

China's national offshore oil and gas producer CNOOC Ltd said first-half profit slumped by nearly two-thirds to the lowest since December 2017, as the coronavirus pandemic battered energy demand and sent oil prices to historical lows.The listed…

Current News

ExxonMobil's Total Oil and Gas Reserves Drop by a Third

ExxonMobil's Total Oil and Gas Reserves Drop by a Third

OPEC+ to Weigh Modest Output Boost, Sources Say

OPEC+ to Weigh Modest Output Boost, Sources Say

PTTEP Finds More Gas Offshore Malaysia

PTTEP Finds More Gas Offshore Malaysia

Petronas Strikes Oil Offshore Indonesia

Petronas Strikes Oil Offshore Indonesia

Floating Offshore Wind: The Next Big Thing for Asia Pacific?

Floating Offshore Wind: The Next Big Thing for Asia Pacific?

Bumi Armada Amends Loan Maturity Date. Cites Coronavirus Impact

Bumi Armada Amends Loan Maturity Date. Cites Coronavirus Impact

Euronav Sells and Leases Back VLCC Newton

Euronav Sells and Leases Back VLCC Newton

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