LogIn LogOut

Asia Oil & Gas News - page 12

 

Keppel Rejects Awilco Drilling's Rig Contract Termination. Ponders Legal Action

Jun 09, 2020

Singapore's offshore rig builder Keppel is considering taking legal action against Awilco Drilling after the drilling company on Monday said it had terminated a rig construction contract with Keppel.Awilco Drilling said Monday that its subsidiary…

Forum Energy Technologies Pushes for Growth in Asia

Jun 08, 2020

Forum Energy Technologies, a provider of remotely operated vehicles for the offshore energy industry, is expanding its offering in Asia.The company has signed an agreement with Wuxi Haiying-Cal Tec Marine Technology Co., Ltd to represent Forum…

Energean Power FPSO Topside Installation Work Kicks Off

Jun 08, 2020

Work on Energean's Energean Power FPSO in Singapore has begun as Sembcorp Marine Admiralty Yard, Singapore, reopened on June 2, after the COVID-19 lockdown.The FPSO hull arrived from China in April for topside integration works in Singapore…

Oil Prices Rise on OPEC+ Cuts. Brent at $42,8

Jun 08, 2020

Oil climbed on Monday after major producers agreed to extend a deal on record output cuts to the end of July and as China's crude imports hit an all-time high in May.Brent crude was up 51 cents, or 1.2%, at $42.81 per barrel, by 0628 GMT, while U…

OPEC, Russia Extend Record Oil Cuts

Jun 07, 2020

OPEC, Russia, and allies agreed on Saturday to extend record oil production cuts until the end of July, prolonging a deal that has helped crude prices double in the past two months by withdrawing almost 10% of global supplies from the market…

Halted Shares of Sembcorp Marine, Parent in Focus in Singapore

Jun 05, 2020

Shares in Sembcorp Marine and Sembcorp Industries remained halted for a second day on Friday, prompting speculation among some analysts about a potential deal between the Singapore rig builder and its parent company.'Given the concurrent nature of the trading halts…

Seacor Marine Takes Full Ownership of Seacosco

Jun 05, 2020

U.S. offshore vessel provider Seacor Marine will buy the remaining 50% stake in Seacosco from China's Cosco.Seacor will pay $28.15 million in installments, and the transaction is expected to close in June 2020.With the acquisition, Seacor will…

Singapore’s First LNG Bunkering Vessel Hits the Water

Jun 04, 2020

Singapore’s first LNG bunkering vessel has hit the water in Keppel Nantong Shipyard in China. The vessel was moved from land to water on May 28, 2020.The news was shared earlier this week by the vessel-owner FueLNG, a joint venture between Keppel Offshore & Marine and Shell Eastern Petroleum…

Ships Carrying Stored Gasoline to Discharge Cargoes in Indonesia

Jun 04, 2020

Two of six tankers used to store gasoline in Asia have arrived in Indonesia, with shipments into Asia's largest petrol importer expected to rise this month versus May as Pertamina replenishes stocks, according to industry sources and Refinitiv shipping data…

Petronas Completes First LNG Cargo Delivery to Myanmar

Jun 04, 2020

Malaysia's Petronas has delivered the first liquefied natural gas (LNG) import cargoes to Myanmar, the company said on Thursday, marking a new consumer for the super-chilled fuel.The state-owned company's subsidiary Petronas LNG delivered two LNG cargoes to Yangon…

SapuraEnergy Nets $179,6M in New Deals Across SE Asia

Jun 03, 2020

Malaysian energy and offshore services company Sapura Energy has revealed it has recently secured a batch of contracts across Southeast Asia worth RM766 million ($179,6 million) in total.The contracts are secured by Sapura Energy's subsidiaries…

KrisEnergy Suspends Wassana Oil Field Production 'Until Further Notice'

Jun 03, 2020

Singapore-based oil and gas company KrisEnergy has suspended production from its Wassana oil field in the Gulf of Thailand citing Covid-19 pandemic and low oil prices. It will cut its Thailand workforce by 25 percent, too.'In view of the many…

Saudi Arabia, Russia Reach Deal on Oil Output Cut Extension

Jun 03, 2020

OPEC leader Saudi Arabia and non-OPEC Russia have agreed a preliminary deal to extend existing record oil production cuts by one month while raising pressure on countries with poor compliance to deepen their output cuts, OPEC+ sources told Reuters…

China: Empyrean Gets More Time to Drill at 29/11 offshore block

Jun 03, 2020

London AIM-listed oil and gas explorer Empyrean Energy has been given more time to drill a well in its 29/11 offshore block in China.Empyrean said Wednesday that, due to the COVID-19 pandemic and the resultant global control policies, it engaged…

Oil Gains, with Brent above $40

Jun 03, 2020

Oil rose on Wednesday, with Brent above $40 for the first time since March, as optimism mounted that major producers will extend output cuts and a recovery from the coronavirus pandemic will spur fuel demand.Brent crude futures for August were up 78 cents…

Current News

Seafox Pushes to Oust GMS Directors

Seafox Pushes to Oust GMS Directors

Mermaid, Meitech JV to Target Decom Projects in Gulf of Thailand

Mermaid, Meitech JV to Target Decom Projects in Gulf of Thailand

BHP in Talks with for LNG Bunker Supply Contract

BHP in Talks with for LNG Bunker Supply Contract

CNOOC Brings Online South China Sea Oil Project

CNOOC Brings Online South China Sea Oil Project

Petronas Pays $700M in Tax to Sarawak State after Dispute Settlement

Petronas Pays $700M in Tax to Sarawak State after Dispute Settlement

Inpex, Chevron Cutting Jobs in Australia

Inpex, Chevron Cutting Jobs in Australia

GC Rieber's Ice-Breaker to Stay in Sakhalin with Exxon for Three More Years

GC Rieber's Ice-Breaker to Stay in Sakhalin with Exxon for Three More Years

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