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Iran to Boost Gas Output Capacity with New Offshore Platform

Feb 26, 2020

Iran will be able to produce more than 1 billion cubic meters (bcm) of gas per day once the final platform is installed at the South Pars offshore field, its oil minister was quoted as saying on Monday by the official IRIB news agency.South Pars…

Schlumberger to Create 200 Jobs in New Saudi Facility

Feb 25, 2020

Oilfield services giant Schlumberger has announced the opening of a manufacturing center in King Salman Energy Park (SPARK) in Saudi Arabia.The company said that center will manufacture well completions technologies including liner hangers and…

Marine Jet Power Adds NZ Agent

Feb 25, 2020

Waterjet propulsion systems manufacturer Marine Jet Power (MJP) said it has appointed Firstbreak Ltd as an official sales and service agent, based in Christchurch, New Zealand.Under the terms of the new agreement, Firstbreak Ltd will offer MJP customers in-region support…

China Boosts Fuel Exports as Coronavirus Hits Local Demand

Feb 25, 2020

China has ramped up fuel exports to compensate for losses to domestic demand as it grapples with the coronavirus outbreak, having not been able to prevent a surplus in the world's second-largest oil consumer with cutbacks in its refining output…

Cooper Eyeing Annie Gas Find Start-Up in 2022

Feb 24, 2020

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…

Where Next for Exploration in Asia Pacific?

Feb 18, 2020

The drill bit still plays a key role across the region, with exploration increasingly the domain of national oil companiesReports of the death of exploration have been greatly exaggerated. Since the 2014 oil price downturn, the industry has re-imagined exploration…

North Sea Oil Worker Tests Negative for Coronavirus

Feb 17, 2020

A North Sea oil worker who had developed what were believed to be new coronavirus symptoms has tested negative.The worker, a crewmember on Taqa’s Tern Alpha platform, was reported to have had “minor symptoms after returning recently from holiday in Thailand…

Oil Slides Lower on China Demand, OPEC+ Cuts Worries

Feb 10, 2020

Oil prices slipped lower on Monday as traders assessed China's oil demand following the coronavirus outbreak and waited to see if major producers will cut output further to balance markets. Oil is off more than 20% from peaks struck in January…

Elixir Energy well positioned to meet China’s booming natural gas demand

Feb 05, 2020

China is set to see a massive lift in demand for natural gas with current usage rates set to more than triple over the next 15 years.This comes as the Chinese government pushes for a switch to cleaner energy sources from coal, implementing policies…

Japanese Quartet Moves Ahead with Marlim FPSO

Jan 31, 2020

Japanese companies MODEC, Mitsui, MOL, and Marubeni will jointly invest in the Petrobras-bound Marlim FPSO.MODEC in October 2019 received a letter of intent from Petrobras for the supply, charter, and operations of the Marlim-1 FPSO.Now Mitsui…

Coro Energy Pulls Out of Bulu PSC Deal

Jan 31, 2020

The Southeast Asian focused oil company Coro Energy will not be buying a share in the Bulu PSC, offshore Indonesia, citing  increased risks around the Bulu project.'The company had in September 2018 agreed to buy a 42.5% interest in the shallow water (60m) block offshore East Java…

Fugro Takes Part in Cambodia's First Oil Development

Jan 28, 2020

KrisEnergy has hired the Dutch offshore survey services provider Fugro to carry out a geotechnical survey at the Apsara oil field, offshore Cambodia.The Apsara field lies over the Khmer Basin, an unproduced geological basin in Cambodian maritime waters in the Gulf of Thailand…

OMV Hires Solstad PSV for New Zealand Campaign

Jan 28, 2020

Norwegian offshore shipping company Solstad Offshore has signed a contract with OMV Taranaki Ltd for the provision of a Platform Supply Vessel for the oil company's operations in New Zealand.The platform supply vessel Normand Tortuga will support…

GlobalData: Gas to Dominate 2020 O&G FIDs

Jan 24, 2020

Final Investment Decisions (FIDs) planned across the oil and gas value chain in 2020 are set to focus on natural gas developments, according to GlobalData, a data and analytics company.According to the report, the upstream and midstream project…

'Power of Siberia' Pipeline Begins Flow to China

Jan 22, 2020

China has started to consume Russian gas via the newly launched 'Power of Siberia' pipeline, said CNPC-backed Kunlun Energy Ltd, operator of the pipeline in China, on Wednesday.The company receives 250,000-300,000 cubic meters of pipeline gas daily from Russia…

Current News

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

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

KrisEnergy Suspends Wassana Oil Field Production 'Until Further Notice'

KrisEnergy Suspends Wassana Oil Field Production 'Until Further Notice'

Sinopec Adds More Oil Storage at Baishawan

Sinopec Adds More Oil Storage at Baishawan

Saudi Arabia, Russia Reach Deal on Oil Output Cut Extension

Saudi Arabia, Russia Reach Deal on Oil Output Cut Extension

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

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

Shell Weighs Sale of $2B-plus Share in Queensland LNG

Shell Weighs Sale of $2B-plus Share in Queensland LNG

Oil Gains, with Brent above $40

Oil Gains, with Brent above $40

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