LogIn LogOut

Oil & Gas Production News - page 7

 

Qatar: Al-Shaheen Field Operator Extends Contracts for JDC Drilling Rig Duo

Aug 17, 2020

North Oil Company, a JV between Qatar Petroleum and Total, has awarded contract extensions for two jack-up rigs owned by Japan Drilling Company.JDC said Monday that the extensions - one year for each rig - have been secured for jack-up drilling…

Malaysia's MISC Signs LoI for Mero 3 FPSO Delivery

Aug 17, 2020

Brazilian oil company Petrobras has signed a letter of intent with Malaysia's MISC Berhad for the chartering and services of an FPSO to be deployed at the Mero 3 development offshore Brazil.The FPSO to be named Marechal Duque de Caxias will be installed in the Mero field…

KrisEnergy Charters Jack-Up Rig for Apsara Drilling. Platform to Sail Away Soon

Aug 14, 2020

Singapore-based KrisEnergy has signed a letter of award with Vietnam's PV Drilling for PVD III jack-up drilling rig. The 2009-built rig will be used to drill five development wells at KrisEnergy's Apsara Mini-Phase 1A development offshore Cambodia…

Malaysia's KNM to Deliver Equipment for SBM Offshore FPSO

Aug 14, 2020

Dutch floating production solutions provider SBM Offshore has ordered equipment from Malaysia's KNM to be installed on an FPSO destined for ExxonMobil's Guyana operations.Bursa Malaysia-listed KNM said SBM Offshore had on Thursday ordered PME pressure vessel separators worth around $4 million…

AqualisBraemar to Oversee Construction of Offshore Wind Vessels in China

Aug 13, 2020

Offshore energy consultancy AqualisBraemar will oversee the construction of two self-elevating wind turbine installation vessels in China.The jack-up units will be constructed at Chinese shipyard Dayang Offshore Equipment. The vessels will be built for OuYang Offshore Co…

Oil Prices Hit 5-Month High

Aug 05, 2020

Oil prices rose to their highest since early March on Wednesday on data showing a big drop in U.S. crude inventories, and a weak dollar, but mounting coronavirus infections weighed on the demand outlook.Brent crude was up $1.63, or 3.67%, at $46…

Pharos Energy Secures Two-Year License Extension at TGT Field

Aug 04, 2020

Pharos Energy, and oil and gas company formerly known as Soco International, has been granted a two-year license extension for the TGT offshore field license in Vietnam.The company said Tuesday the license had been formally granted to the Joint…

Oil Prices Inch Down as OPEC+ Set to Boost Production

Aug 03, 2020

Oil prices fell on Monday on fears about the economic fallout from rising COVID-19 cases around the globe and on oversupply worries as OPEC and its allies are set to wind back output cuts in August.Brent crude fell 18 cents, or 0.4%, to $43…

Indonesia to Offer More Flexibility to Oil and Gas Explorers

Aug 03, 2020

Indonesia announced over the weekend that it had made revisions to a 2017 law that will give oil and gas investors more flexibility when choosing their contract options for exploration.The revisions, which came into effect on July 16, allow…

ConocoPhillips to Reverse Most Output Cuts by End of Q3

Jul 30, 2020

ConocoPhillips said on Thursday it expects production curtailments in the current quarter to be roughly half as much as last quarter and will restore most of its output by the end of September, after the oil and gas producer slashed about a third of its output in April as oil prices plunged 41%…

Headache for OPEC as Oil Market Structure Signals Return of Glut

Jul 30, 2020

Rising OPEC and U.S. oil supply, coupled with stalled economic and crude demand recovery, have pushed the futures market structure back to indicating a surplus, last observed during oil's collapse in April and May amid the coronavirus pandemic…

Delek to Sell $2.25B of Bonds to Finance Leviathan Gas Field

Jul 27, 2020

Israel's Delek Drilling plans to raise $2.25 billion in an international bond offering to help it finance the development of the Leviathan natural gas project off Israel's Mediterranean coast.The issue, expected to be completed in coming weeks…

Webinar: Floating Production Forecasts & Analysis

Jul 24, 2020

A free webinar will deliver latest forecasts and market intelligence for the global floating production industry, offering insider access to business and investment opportunities in the deepwater sector.Floating Production Systems: 2020 Forecasts & Analysis…

Santos' 2Q Revenue Drops. Output at Record Levels

Jul 23, 2020

Australia's Santos Ltd reported an 18% drop in second-quarter revenue on Thursday due to lower realised prices for its oil and gas, but said production from its core assets was expected to remain steady in the near term.The country's second…

Webinar: Floating Production Forecasts & Analysis

Jul 21, 2020

A free webinar will deliver latest forecasts and market intelligence for the global floating production industry, offering insider access to business and investment opportunities in the deepwater sector.Floating Production Systems: 2020 Forecasts & Analysis…

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

Subscribe for AOG Digital E‑News

AOG Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

https://accounts.newwavemedia.com