Asia-Pacific focused upstream company Jadestone Energy has drilled and brought online its first well in the 2026 Malaysia infill drilling campaign on the PM323 production sharing contract, which now delivers around 3,000 barrels of oil per day (bpd).The first well, EBA-18ST3, was drilled around 20% below budget and includes a 1,200-metre horizontal reservoir section at a total measured depth of 4,866 meters…
After several years of strong activity, the Middle East offshore market has become more volatile, with geopolitical tensions disrupting day-to-day operations. Following US and Israeli military action and subsequent Iranian attacks on neighbouring Gulf states…
India's Oil and Natural Gas Corporation (ONGC), supported by energy and marine consultancy ABL, has completed the relocation of 44 jack-up rigs ahead of the monsoon season.The pre-monsoon rig moves were carried out between March 15 and May 31…
Oman said it would keep the Strait of Hormuz open to shipping without imposing any tolls and had designated two temporary routes north and south of the existing shipping lane to facilitate the safe passage of vessels departing the region.In coordination with the International Maritime Organization…
French oil major TotalEnergies needs to prioritise the building of pipelines that could export oil and gas from the Middle East without ships going through the Strait of Hormuz, CEO Patrick Pouyanne said at an energy conference in Paris on Tuesday…
Logistics and materials management company ASCO has opened its first office in the Middle East, establishing a presence in Qatar as it looks to expand its regional operations and support growing demand for logistics and environmental services…
The Mako gas project offshore Indonesia has moved further towards development after operator Conrad Asia Energy signed a binding contract with state-owned shipbuilder PT PAL Indonesia for a key piece of offshore infrastructure, project partner Empyrean Energy informed…
Vulnerable countries that paid a high economic price during the Iran war are seeking to build domestic oil and gas storage buffers against future shocks, a drive that could bring roughly half a billion barrels of additional demand down the pike…
Four liquefied natural gas tankers controlled by Qatar headed into the Strait of Hormuz on Monday, despite a fall in ship traffic after Iran announced that it had again closed the waterway over the weekend, shipping data showed.The tankers - Wadi Al Sail…
Oil prices rose on Friday as the prospect of a lasting truce between the U.S. and Iran was clouded after peace talks in Switzerland were called off and as Israel stepped up attacks on Lebanon.By 0645 GMT, Brent crude futures LCOc1 gained 51 cents…
Repsol seeks to expand its projects in Venezuela by incorporating the Horcon oilfield into its portfolio, the Spanish energy producer said on Thursday, having signed agreements with Venezuela's government this week.The company is a key partner…
Middle East oil producers face a reckoning. The Iran war exposed the dangers of relying on a single chokepoint for vital oil and gas exports, leaving Gulf governments with a clear strategic imperative: diversify – at all costs.An Iranian blockade…
EnerMech has completed an offshore cleaning and preparation campaign on the Bass Strait pipeline system in Australia's Gippsland Basin, supporting offshore assets operated by Esso Australia Resources, a wholly owned subsidiary of ExxonMobil…
Italian engineering, certification and consulting company RINA has secured a contract to provide safety assessment services for Indonesia's Green Hydrogen Hub Project H2WATT, a key initiative being developed by PLN Puslitbang, the research and development arm of state-owned utility PT PLN…
At least three tankers carrying Iranian oil have sailed through the U.S. naval blockade this week, with a fourth, an empty vessel, heading towards the Gulf of Oman, after the U.S. and Iran agreed a framework deal to reopen the strategic Strait of Hormuz…
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