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Triangle Resumes Cliff Head Output After Halt Caused By Electrical Fault

Mar 11, 2020

Triangle Energy has restarted production at the Cliff Head Alpha Platform offshore Western Australia, following a halt caused by an electrical fault in February.'Production resumed on 10 March 2020 and following a thorough testing and inspection program over the last 24 hours…

Oil Falls After Saudi Aramco Asked to Raise Output Capacity

Mar 11, 2020

Oil prices fell on Wednesday, giving up earlier gains, after Saudi Aramco said it had been directed by the energy ministry to raise its production capacity by a million barrels per day. Brent crude slid $0.41, or 1.1%, to $36.81 a barrel by 0740 GMT…

Kazakhstan Cuts Gas Supplies to China by 20-25%

Mar 11, 2020

Kazakhstan has reduced natural gas supplies to China by 20-25%, Energy Minister Nurlan Nogayev said on Wednesday, after importer PetroChina issued a force majeure notice to suppliers this month.PetroChina has suspended some natural gas imports…

ABB Power & Control for Japan's Wind Turbine Installation Vessel

Mar 10, 2020

ABB will equip Japan-built self-elevating wind turbine installation vessel with its power and control technologies.The company said Tuesday that the 28,000-GT jack-up unit on order from builder Japan Marine United Corp, and due for delivery to Shimizu Corp…

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…

Japan's Oil Refiners Keep Running Even as Coronavirus Curbs Fuel Sales

Mar 06, 2020

Sales of petroleum products are slumping in Japan as the coronavirus outbreak worsens in the world's fourth-biggest importer of crude, but the country's biggest refiners say they are not planning to cut production.Oil product sales, including gasoline and jet fuel…

Major Energy Conference Cancelled on Coronavirus Fears

Mar 03, 2020

Coronavirus concerns prompted organizers on Sunday to cancel one of the world's most prestigious gatherings of oil ministers and top executives from the energy and financial industries scheduled for this month in Houston.The fast-spreading virus has infected around 85…

Lebanon Set to Spud Its First Offshore Well

Feb 26, 2020

Lebanon's much-delayed search for offshore oil and gas is set to begin on Thursday with the results from its first exploratory well expected in the next two months, the chairman of the Lebanese Petroleum Administration (LPA) said on Wednesday…

Charlie-1 looms as potential company maker for 88 Energy

Feb 25, 2020

Alaskan focused oil and gas group, 88 Energy Ltd (ASX:88E) provided a further update on Monday regarding the progress of the group’s Charlie-1 appraisal well on the North Slope of Alaska.With the rig mobilised and drilling to start this weekend…

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…

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…

OPEC+ to Take 'Responsible Approach to Coronavirus'

Feb 25, 2020

Saudi Arabia's energy minister said on Tuesday he was confident that OPEC and its partner oil-producing nations, the so-called OPEC+ group, would respond responsibly to the spread of the coronavirus. He also said Saudi Arabia and Russia would continue to engage regarding oil policy…

Triangle Energy Shuts Cliff Head Alpha Output Citing Electrical Fault

Feb 24, 2020

Australian oil and gas company Triangle Energy has shut production from its shallow-water Cliff Head Alpha oil platform citing an electrical fault.Triangle Energy said Monday production at the platform located approximately 14 kilometers offshore in the Perth Basin…

Indonesia's Oil & Gas Output Set for Drop

Feb 24, 2020

Indonesia's oil and gas output is expected to contract for a fourth consecutive year in 2020, as aging fields and delays to new projects keep production levels below government targets, analysts said.The output decline comes as Jakarta proposes…

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…

Current News

Oceaneering Lands W. Australia Order

Oceaneering Lands W. Australia Order

Japan to Develop Offshore Wind Farms at 30 Sites in 10 years

Japan to Develop Offshore Wind Farms at 30 Sites in 10 years

Over 40 Offshore Rig Deals Dropped Since March. Still, There's Room for Optimism

Over 40 Offshore Rig Deals Dropped Since March. Still, There's Room for Optimism

Indonesia Produced 104.8 LNG Cargoes in Jan-June Period

Indonesia Produced 104.8 LNG Cargoes in Jan-June Period

Rystad: FPSO Contract Awards to Rebound in 2021 after Poor 2020

Rystad: FPSO Contract Awards to Rebound in 2021 after Poor 2020

PetroVietnam to Invest in Renewables Amid Shrinking Oil Output

PetroVietnam to Invest in Renewables Amid Shrinking Oil Output

Essar Steel Seeking LNG Cargoes for 2021-2023

Essar Steel Seeking LNG Cargoes for 2021-2023

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