The Chinese oil company CNOOC has, via its European subsidiary, extended a contract for logistics management with ASCO. Under the five-year extension worth over 100 million pounds, ASCO will continue supporting CNOOC Petroleum Europe Limited's North Sea assets…
Australia's Santos Ltd has sold a 175,000-barrel cargo of Van Gogh crude loading March 29-April 2 to trading house Vitol at a premium of $15-$16 a barrel to dated Brent, well below the last traded level, three sources familiar with the deal said on Thursday…
Australian companies Woodside and BHP have agreed to align their participating interests across the WA-1-R (Scarborough) and WA-62-R (North Scarborough) titles containing the undeveloped Scarborough gas field.The alignment will result in Woodside holding a 73…
Saudi Arabia's energy minister said on Tuesday he was confident that OPEC and its partner oil-producing nations, the so-called OPEC+ group, would respond responsibly to the spread of the coronavirus. He also said Saudi Arabia and Russia would continue to engage regarding oil policy…
Australian oil and gas company Triangle Energy has shut production from its shallow-water Cliff Head Alpha oil platform citing an electrical fault.Triangle Energy said Monday production at the platform located approximately 14 kilometers offshore in the Perth Basin…
Indonesia's oil and gas output is expected to contract for a fourth consecutive year in 2020, as aging fields and delays to new projects keep production levels below government targets, analysts said.The output decline comes as Jakarta proposes…
Australian oil and gas company Cooper Energy might bring its Annie gas discovery online in 2022.Cooper, in cooperation with Mitsui E&P, made the discovery at the Annie-1 well, located 9 kilometers offshore Victoria, Australia, in September 2019…
Oil prices fell on Friday as weak Asian data and a rise in new coronavirus cases fuelled uncertainty about the economic outlook while leading crude producers appeared to be in no rush to curb output.Brent crude was down $1.56, or 2.6%, at $57…
Malaysian oil company Petronas Carigali has contracted Tanjung Offshore Services for the delivery of a mobile offshore production unit.Tanjung Offshore Services has won a contract with a consortium Partner VME Process Systems Malaysia. The contract is for the provision of leasing…
A Dubai court has ruled that Floatech, a subsidiary of Malaysia's TH Heavy Engineering, must pay $6,25 million to Dubai's Drydocks World.Drydocks World in April 2019 presented Floatech with a writ of summons demanding Floatech to pay the $6…
New repair works scheduled by Royal Dutch Shell in its oilfields in Malaysia are likely to halve exports of Kimanis crude cargoes in April and squeeze supplies in Asia, two sources said on Wednesday.Kimanis is Malaysia's largest export grade…
Australia's Cooper Energy has said that the production of gas from its Sole gas project is set to begin later in February, with full production aimed for March.The company said Tuesday the Sole Gas Project had passed a critical milestone with…
Indonesia's state-owned oil and gas company PT Pertamina signed a framework agreement with Malaysia's Petronas to sell and buy crude this year, Pertamina said in a statement on Tuesday.The agreement is a follow up to their plan last year to swap crude…
Petrofac Emirates, a subsidiary of the UK oilfield services company Petrofac, has signed two contracts worth $1.65 billion with Abu Dhabi National Oil Company (ADNOC) in the United Arab Emirates to deliver offshore platforms and gas processing facilities…
South Korea's Posco International has made a gas discovery at the Mahar well offshore Myanmar.Located in Block A3, the well was drilled using the Maersk Viking drillship in a water depth of 1000 meters.The Korea Herald has reported that the…
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