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China to Boost Oil, Gas Output in 2020

Jun 22, 2020

China aims to produce 1% more crude oil this year than in 2019 and to boost natural gas output by 4.3%, official targets showed on Monday, as the country seeks to safeguard energy security even after a coronavirus-driven collapse in oil prices…

CNOOC Buys Two Carbon-neutral LNG Cargoes from Shell

Jun 22, 2020

China National Offshore Oil Corp, or CNOOC, has agreed to buy from Royal Dutch Shell two cargoes of liquefied natural gas with offset carbon emissions, marking China's first gas imports of this kind, said the Shanghai Oil and Gas Exchange.CNOOC…

Petronas CEO: Asia's Oil Demand Recovery Remains Fragile

Jun 19, 2020

The recovery in Asia's demand for oil remains fragile despite the reopening of economies across the region, as a second wave of coronavirus outbreaks could hit consumption again, the outgoing head of Malaysia's Petronas said.'We really had a collapse these past few months…

Construction Starts for Asia's Largest Offshore Wind Blade Manufacturing Facility

Jun 19, 2020

Taiwanese company Tien Li Offshore Wind Technology has started construction on 210,000 square meter facility in Taichung Harbour to supply offshore wind blades to Taiwan's growing offshore wind industry.Tien Li is one of key local supply chain partners of wind turbine builder MHI Vestas…

Rystad: Covid-19 Brings Peak Oil Date Closer

Jun 18, 2020

The Covid-19 downturn will expedite peak oil demand, putting a lid on exploration efforts in remote offshore areas and as a result, reducing the world’s recoverable oil by around 282 billion barrels, Rystad Energy said in its annual global energy outlook released this week…

DNS Sharing Offshore Decommissioning Expertise with Brunei

Jun 17, 2020

Decom North Sea, a UK-based non-profit organization focused on knowledge sharing in the space of offshore oil and gas decommissioning sector, is expanding in Asia with a deal struck in Brunei.DNS on Wednesday announced the creation of a 'landmark…

How Will the Asia Pacific Upstream Sector Emerge from the Crisis?

Jun 17, 2020

The oil price crash has transformed the outlook for the region’s E&P sector. Globally, governments and operators have been forced into action to rework investment plans in response to the dual impact of the precipitous fall in both demand and oil prices…

New Report Outlines Big Potential for Offshore Wind

Jun 16, 2020

Offshore wind currently represents just a small piece of the world’s energy supply. But that’s changing faster than ever before as new and existing players look to tap the huge resource potential—and market opportunities—being unlocked by shrinking costs and technological advances…

Deep Down Secures GoM, APAC Orders

Jun 10, 2020

Subsea oil and gas production control equipment provider Deep Down has said it has received orders from two customers totaling approximately $2 million.The scope of work for these orders includes providing subsea controls equipment consisting of jumpers…

Penspen in Offshore Platform Modification Deal in Myanmar

Jun 09, 2020

Offshore engineering company Penspen has won a contract with a Myanmar oil and gas company for an offshore natural gas project in Myanmar.The engineering study project award will see Penspen support with drilling platform diesel fuel tank modification…

Saudi Oil Price Hike Throws Asian Lifeline to U.S. Shale

Jun 09, 2020

Saudi Arabia's decision to jack up the price of its July exports to Asia may have opened the door for U.S. crude oil producers to boost sales to the region that consumes more oil than anywhere else in the world.State-controlled producer Saudi…

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…

Siemens Equipment for Pertamina's Balikpapan Refinery

May 28, 2020

Siemens Gas and Power will supply a range of compression and power generation equipment for the Petramina's Balikpapan Refinery located on Borneo Island in East Kalimantan, Indonesia.The equipment will be installed as part of Pertamina’s Refinery Development Master Plan (RDMP)…

Petronas Farms Out Part of Suriname Offshore Block to Exxon

May 19, 2020

Malaysian oil and gas company Petronas has completed the farm-down of a 50% stake in an offshore Suriname block to a subsidiary of ExxonMobil.The offshore block, known as Block 52, is located north of the coast of Paramaribo, Suriname’s capital city…

Rystad: Oilfield Services Firms' Market Cap Halved. Offshore Drillers Have it Worst

May 15, 2020

Oilfield services companies have collectively lost almost half of their market capitalization, hit by the combination of the coronavirus pandemic and low oil prices, with offshore drillers, in particular, the most affected, Norway's Rystad Energy has said in its analysis released on Friday…

Current News

Kawasaki Heavy Industries Aims to Replicate LNG Supply Chain with Hydrogen

Kawasaki Heavy Industries Aims to Replicate LNG Supply Chain with Hydrogen

Indonesia: Premier Oil Farms Down Share in Tuna Offshore Block to Zarubezhneft

Indonesia: Premier Oil Farms Down Share in Tuna Offshore Block to Zarubezhneft

World's First 100,000-ton Deepwater Semi-submersible Platform Launched

World's First 100,000-ton Deepwater Semi-submersible Platform Launched

Indonesia Seizes Iran, Panama-flagged Vessels Citing Illegal Oil Transfer

Indonesia Seizes Iran, Panama-flagged Vessels Citing Illegal Oil Transfer

Report: Sumitomo to Stop Investing in New Oil Projects

Report: Sumitomo to Stop Investing in New Oil Projects

Woodside Sees Global LNG Market Tightening

Woodside Sees Global LNG Market Tightening

JDR to Deliver Subsea Umbilical for Malaysian Offshore Project

JDR to Deliver Subsea Umbilical for Malaysian Offshore Project

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