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Asia Oil & Gas News - page 8

 

Japan Spot LNG Import Prices Hit Record Low

May 14, 2020

Prices for spot liquefied natural gas (LNG) cargoes imported into Japan, the world's biggest buyer of the fuel, fell in April to their lowest since the country's trade ministry started compiling data in 2014. The latest low for LNG cargoes into…

Mubadala, Tap Oil Sanction Three-Well Drilling Program at Manora Field

May 14, 2020

Mubadala Petroleum and its partner Tap Oil have approved the 2020 Manora field development drilling program, with the first well set for spud this week.Tap Oil said Thursday that the three-well drilling campaign at the Gulf of Thailand would…

Awilco Drilling Posts 'Nil' in 1Q Revenue. In Talks for Newbuilds Funding, Deployment

May 13, 2020

Oslo-listed offshore drilling contractor Awilco Drilling did not generate revenue during the first quarter of 2020, and it on Wednesday reported a net loss of $9,4 million. However, the company is optimistic about the future, that is, when its high-end rigs…

Japan's JX Nippon Taps KBR for CCS, Hydrogen Study

May 13, 2020

U.S. engineering and construction giant KBR has been awarded a contract for Carbon Capture and Sequestration works at JX Nippon's offshore oil and gas fields in South East Asia.Under a Master Service Agreement (MSA) and Feasibility Study awarded to KBR by Japan-based oil and gas company JX Nippon…

Indonesia Weighing Subsidy Options for Biodiesel Program

May 13, 2020

The Indonesian government is considering alternate plans to increase subsidies for the country's ambitious biodiesel program after crude oil prices tumbled, a finance ministry official said on Wednesday.A historic crash in oil prices this year…

Japan's Inpex Reduces 2020 Profit Guidance by 93%

May 12, 2020

Inpex Corp, Japan's top oil and gas company, on Tuesday cut its annual net profit forecast by 93% after first-quarter earnings slumped due to an oil price collapse and as the coronavirus pandemic choked off international energy demand.The group…

Petronas Drillship Exits South China Sea After Standoff

May 12, 2020

An oil exploration vessel contracted by Malaysian state energy company Petronas that was involved in a standoff with a Chinese survey vessel in the South China Sea left the disputed waters on Tuesday, three security sources and the vessel operator said…

Norwegian Firm Nets Anna Nery FPSO Topside Modules Job

May 11, 2020

Norwegian offshore EPC contractor Aragon has won a contract to deliver topside modules for Malaysia-based Yinson's Anna Nery FPSO that will produce oil from Petrobras' Marlim field in Brazil.The Bergen-based company, part of Singapore's SembMarine…

SWS Shipyard Delivers Two Platform Suppliers for COSL

May 11, 2020

Shanghai-based SWS shipyard has delivered two newbuild platform supply vessels to Sinoocean.The vessels the 'Guo Hai Min Xing' and the 'Guo Hai Min Sheng' -  both of the ULSTEIN PX121 design - are operating for COSL – China Oilfield Services Limited…

Sinopec's Largest Petrochemical Port Starts Operations with VLCC Arrival

May 11, 2020

China's energy and chemical giant Sinopec has said it has put China's largest petrochemical port into operation with the successful docking and unloading of the New Renown, a very large crude carrier (VLCC) from the Middle East. The tanker was welcomed at the new 300…

Guyana's Liza Phase 2 on Track for First Oil in 2022

May 08, 2020

Liza Unity, an under-construction FPSO that will be Guyana's second offshore facility in production, remains on schedule for first oil in 2022, Hess Corp. said Thursday.Guyana became an oil-producing nation in December 2019, when Exxon brought online the Liza Destiny FPSO…

SWS Delivers Newbuild Jack-Up Rig to Northern Offshore

May 08, 2020

China's Shanghai Waigaoqiao Shipbuilding has this month delivered the newbuild jack-up Energy Edge to its owner Northern Offshore.The delivery of the CJ-50 design jack-up drilling unit took place in Shanghai on May 2.According to previous reports…

Exxon Cutting Costs at Russia's Sakhalin-1 Project

May 08, 2020

Exxon Neftegaz Ltd (ENL) is adjusting the schedule and scope of some of its activities at the Sakhalin-1 oil and gas project in far eastern Russia as it moves to cut spending in response to the coronavirus crisis and weak oil prices, it said on Friday…

China's Crude Oil Imports Rebound in April

May 07, 2020

China's crude oil imports rebounded in April from a month earlier on daily basis as refiners ramped up output amid a recovery in fuel demand with the impact of the coronavirus outbreak easing while crude prices crashed on slumping consumption elsewhere…

Virus Lockdowns Pummel Global Gas Demand, Force LNG Output Cuts

May 07, 2020

Lockdowns to slow the coronavirus pandemic are pummelling gas demand in the world's biggest buyers of liquefied natural gas (LNG), pushing Asia's spot prices to record lows and forcing some suppliers to start cutting output. Economies worldwide…

Current News

Global Offshore Rig Count in June Falls to 208. Africa Suffers the Biggest Loss

Global Offshore Rig Count in June Falls to 208. Africa Suffers the Biggest Loss

Japan's LNG Investments Drive Faces Risk of Souring

Japan's LNG Investments Drive Faces Risk of Souring

Spring Oil Flood Causes Summer Queues in Chinese Ports

Spring Oil Flood Causes Summer Queues in Chinese Ports

MAN Compressors for Yinson's Brazil-bound FPSO

MAN Compressors for Yinson's Brazil-bound FPSO

Huisman to Deliver Cranes for First Taiwan-built Offshore Installation Vessel

Huisman to Deliver Cranes for First Taiwan-built Offshore Installation Vessel

Asia Pacific Drilling Technology Event Delayed for 2021

Asia Pacific Drilling Technology Event Delayed for 2021

Australia: Chevron Completes Puma Energy Acquisition

Australia: Chevron Completes Puma Energy Acquisition

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