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Asia Oil & Gas News - page 2

 

Petronas Exits Myanmar's Yetagun Field

Apr 29, 2022

Malaysian oil and gas company Petronas has withdrawn from Blocks M12, M13, and M14 located in the Yetagun field, offshore Myanmar.'The decision was made following a thorough techno-commercial review in alignment with Petronas' asset rationalization…

Taiwan: Works Resume on Yunlin Offshore Wind Farm Construction

Apr 29, 2022

Following the winter break, works have restarted on the construction of the Yunlin offshore wind farm in Taiwan.The UAE-based National Petroleum Construction Company (NPCC) will bring the heavy lift vessel DLS 4200 as their fleet’s flagship from Abu Dhabi into Taiwanese waters for the work…

CNOOC Q1 Net Profit Doubles, Domestic Oil and Gas Output Jumps

Apr 28, 2022

China's top offshore oil and gas producer CNOOC Ltd saw its net income more than double during the first quarter of 2022 from a year ago, on the back of a surge of global oil prices and an increase in domestic oil and gas production.The listed…

Exxon Declares Force Majeure on Russian Sakhalin-1 Operations

Apr 27, 2022

Exxon Mobil Corp said on Wednesday that its Russian unit Exxon Neftegas Ltd has declared force majeure for its Sakhalin-1 operations, where it has become increasingly difficult to ship crude out of due to sanctions on Russia.The Sakhalin-1 project…

Malaysia's Petronas Sees Higher Demand as Focus Turns to Energy Security

Apr 27, 2022

Malaysian state energy firm Petronas is seeing growing demand for gas as the world lifts COVID-19 restrictions and prioritizes energy security due to Russia's invasion of Ukraine, its chief of upstream operations told Reuters on Wednesday.Petronas…

Empyrean Energy 'Extremely Disappointed' as No Oil Found at 'World-class' Jade Offshore Prospect in China

Apr 27, 2022

Oil and gas company Empyrean Energy said Wednesday that its Jade offshore well in China, for which the company had high hopes, had reached total depth without encountering hydrocarbons.After years of preparations, the company started drilling…

U-Ming Marine Offshore Buys Two CTVs for Offshore Wind Market in Taiwan

Apr 26, 2022

U-Ming Marine Offshore Company Limited (UMO) has acquired two secondhand crew transfer vessels (CTVs) and completed their reflagging.The company, a joint venture between U-Ming Marine Transport Corporation and World Marine Offshore A/S, said the vessels…

South Korea's SK earthon Wins Offshore Acreage in Malaysia

Apr 25, 2022

Malaysia's Petronas on Friday signed a Production Sharing Contract (PSC) with SK earthon and Petroleum Sarawak Exploration & Production Sdn. Bhd. (PSEP) for Block SK427 off the coast of Sarawak. SK earthon, a subsidiary of South Korea’s SK Innovation…

PTTEP Becomes Official Operator of Erawan, Bongkot Offshore Fields

Apr 25, 2022

Thai oil and gas company PTTEP has become the official operator of the G1/61 offshore block, containing the Erawan, Platong, Satun, and Funan fields, as well as the G2/61 project, containing the Bongkot field, offshore Thailand.Back in December 2018…

Vestas, Tien Li Build First Blade for 9.5MW Offshore Wind Turbine in Taiwan

Apr 25, 2022

Danish wind turbine maker Vestas has together with its partner Tien Li Offshore Wind Technology (Tien Li) produced the first V174-9.5MW blade at its facilities in Taiwan.The blades, part of Vestas' V174-9.5MW offshore turbine, will be installed…

Japan Says Its Exit from Sakhalin Energy Projects Would Benefit Russia and Weaken Sanctions

Apr 22, 2022

Should Japan ever exit the Sakhalin energy projects in Russia and their stakes were acquired by Russia or a third country, this would weaken the effectiveness of Western sanctions and benefit Russia, Japan's industry minister said on Friday…

Report: Shell in Talks with Chinese Oil Firms to Sell Its Sakhalin-2 Stake

Apr 22, 2022

Energy giant Shell is in talks with some Chinese companies to sell its stake in a major Russian gas project amid sanctions imposed on Moscow over its invasion of Ukraine, The Telegraph reported on Thursday.The London-listed company is in joint talks with Chinese state-run oil companies CNOOC Ltd…

Vantage Hires Perdana's Accommodation Work Barge

Apr 21, 2022

Malaysia's Perdana Petroleum has, through its subsidiary Perdana Nautika, received a work order award from Vantage Well Services for the provision of an accommodation work barge.The 90-day contract for the Sarawak Offshore 2022 facilities work…

Greater Changhua 1 & 2a: Taiwan's Largest Offshore Wind Farm Delivers First Power

Apr 21, 2022

Greater Changhua 1 & 2a offshore wind farm, Taiwan's largest, has delivered first power, Ørsted, the developer of the wind farm said Thursday.Located 35-60 kilometers off Taiwan’s west coast, Greater Changhua 1 & 2a has a total capacity of 900 MW…

CNOOC Soars in Shanghai Debut, Defies Weak Market

Apr 21, 2022

China's CNOOC Ltd saw its stock surge as much as 44% in its Shanghai debut on Thursday in defiance of overall market weakness, as investors sought safety in the oil giant amid lofty energy prices and quickening inflation.The stock started trade 20% higher than its offering price…

Current News

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Ørsted, TSS Hold Naming Ceremony for First Asia-built SOV

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Bahrain State Oil Company to Appoint Financial Adviser, CEO Says

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Woodside Sees Slim Risk of Big Share Selloff by BHP Investors

Saudi Arabia Set for Oil Output Capacity Above 13 mln bpd by 2027

Saudi Arabia Set for Oil Output Capacity Above 13 mln bpd by 2027
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