Southeast Asian independent oil and gas exploration and production player Interra Resources said has started drilling its first onshore well in the onshore/offshore Kuala Pambuang block, in southern Central Kalimantan, Indonesia, where seismic…
Saipem, in consortium with Boshelf LLC and STAR GULF FZCO, has recently been awarded three new contracts by BP for the development of the Azeri-Chirag-Gunashli oil and gas (ACG) field offshore Azerbaijan.Saipem has been a key contractor in this field since the 1990s…
Russian integrated energy company Rosneft said it has completed drilling the first prospecting and appraisal well at the Vostochno-Pribrezhny license block on the shelf of Sakhalin Island, offshore Russia.The well was drilled on-schedule by…
PTTEP, a national petroleum exploration and production company in Thailand, selected Halliburton Landmark for joint development of new well design workflow to automate drilling and completion engineering processes across the well lifecycle, the US-based oilfield services company announced…
Subsea 7 said on Monday it has been awarded two contracts, together worth between $50 million and $150 million, by BP for the Azeri Central East (ACE) project in the Azeri-Chirag-Deepwater Gunashli (ACG) field in the Caspian Sea in a water depth of approximately 140 meters…
Houston-based global seismic services company SAExploration has won a a new shallow-water ocean-bottom marine project in the Asia Pacific region for a major national oil company.According to a press note from the ocean bottom node seismic company the contract is valued at approximately $28 million…
Malaysia is considering listing the exploration and production arm of state energy company Petronas, the world's third-biggest exporter of liquefied natural gas, state news agency Bernama reported on Friday citing Prime Minister Mahathir Mohamad…
Sapura Energy announced it has secured new work in in Malaysia, Thailand and Brunei worth approximately RM 774 million ($184.9 million). The three new contracts and two contract extensions bring the value of its cumulative contract wins year-to-date to about RM3…
Shearwater GeoServices said it has been awarded a contract for combined 3D and 2D seismic survey in Southeast Asia for the SW Vespucci Multi-Purpose Vessel (MPV).The contract covers an area of 1,600 square kilometers for 3D seismic with associated 2D work to be executed over a 1…
Malaysia's state-owned energy firm Petroliam Nasional Bhd reported an 8% increase in second-quarter profit on Friday because of a weaker Malaysian ringgit, though that was partially offset by higher product costs.Petronas, as the company is known…
Australian privately-owned oil and gas company Timor Resources said it has commissioned Eastern Drilling to commence drilling operations in the Southeast Asian country of Timor-Leste.One of the world’s last frontiers for oil and gas, Timor-Leste's…
Saudi Aramco is pressing ahead with its listing plans this week, although some investors and analysts doubt it can now meet its timeline as it has not said when oil output will be restored after attacks on its facilitiesReuters has reported it could take months for Aramco…
Oil futures jumped 10% on Monday after an attack on Saudi Arabian crude oil processing facilities over the weekend sliced the kingdom's production in half and threatened to hamper shipments from the world's largest crude exporter.Prices initially…
Russia's first-floating nuclear power plant has arrived to its permanent base near an isolated Russian town across the Bering Strait from Alaska, Russian state nuclear energy company Rosatom said on Saturday.Developed by Rosatom, the plant, known as 'Akademik Lomonosov'…
U.S. crude production remained close to a record level in June but growth has slowed significantly since the end of last year in response to lower oil prices and the slowdown is set to extend into 2020.Crude output averaged 12.1 million barrels per day (bpd) in June…
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