LogIn LogOut

Regions News

 

Husky Energy Delays Projects, Cuts Upstream Capex by $900M

Mar 13, 2020

Canadian oil and gas company has cut its CAPEX and production guidance for 2020 amid the volatile oil market environment. The cuts will be made in its upstream business with projects put on hold in China, Indonesia, and Canada.The company has slashed its 2020 capital program reduced by $900 million…

Improving Your Future APAC Well Campaigns Through Integrated Services

Mar 11, 2020

Subsea well intervention is on the rise around the world. It has already become established in Europe, where each subsea well now experiences an average of 1.5 intervention days per year, according to speakers at last year’s OWI APAC conference…

Asia Petchem Makers Maintain Run Cuts

Mar 09, 2020

Even after an explosion idled a massive Asian petrochemicals complex, most petchem makers in the region won't up output from current low levels because sluggish demand from China will mean there is no supply gap, industry sources said on Monday…

Fugro Hired for Abadi Field Survey

Mar 05, 2020

Dutch offshore survey firm Fugro has won what it says is 'a large marine survey contract' with Inpex offshore Indonesia.Fugro has been contracted to carry out geophysical and geotechnical surveys and the associated studies needed to support…

Roll Group to Devlop Yard in Indonesia

Mar 03, 2020

The Netherlands based heavy cargo specialist Roll Group said it has signed a contract to further develop and open its own yard at Indonesia's Bintan Offshore Marine Center (BOMC).BOMC has offered Roll Group the opportunity to become an exclusive partner in the BOMC yard…

Oil Output Cuts Could Boost Price to $60 a Barrel, Lukoil Says

Mar 03, 2020

OPEC's proposal to cut oil production by up to 1 million barrels a day would be enough to balance the oil market and lift prices to $60 a barrel, Leonid Fedun, vice-president of Russian oil producer Lukoil, told Reuters. The comments from Fedun…

Hempel Taps Lindström as COO

Feb 27, 2020

Katarina Lindström will join Hempel as Executive Vice President & Chief Operating Officer from August 1, 2020 as the coatings manufacturer aims to double in size.As Executive Vice President & Chief Operating Officer (COO), Katarina Lindström will be a member of Hempel’s Executive Management Board…

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…

Current News

McDermott Names Senior VP for EMEA Region

McDermott Names Senior VP for EMEA Region

Chinese Ships Intruded into Malaysian Waters 89 Times in Four Years -Report

Chinese Ships Intruded into Malaysian Waters 89 Times in Four Years -Report

Gazprom Aims to Increase Gas Supplies to China

Gazprom Aims to Increase Gas Supplies to China

Offshore Wind Spending Hits Record High, Despite Covid-19

Offshore Wind Spending Hits Record High, Despite Covid-19

MOL Makes 13th Discovery in Pakistan

MOL Makes 13th Discovery in Pakistan

OPEC Expects Record Rise in Oil Demand in 2021

OPEC Expects Record Rise in Oil Demand in 2021

First Taiwan-built Offshore Installation Vessel to Sport Wärtsilä Gear

First Taiwan-built Offshore Installation Vessel to Sport Wärtsilä Gear

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