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Asian Deepwater

 

Webinar: Floating Production Forecasts & Analysis

Jul 24, 2020

A free webinar will deliver latest forecasts and market intelligence for the global floating production industry, offering insider access to business and investment opportunities in the deepwater sector.Floating Production Systems: 2020 Forecasts & Analysis, presented by ABS and World Energy Reports, will be held July 29, 2020, 11 a.m. (EDT). REGISTER HERE.The effects of the COVID-19 crisis and oil supply glut continue to seriously dampen investment appetite in the oil and gas sector…

MacGregor Delivers Goods for Chinese Floater

Nov 20, 2020

Cargotec's MacGregor has delivered a riser pull-in system for China-based oil firm CNOOC's Lingshui 17-2 semi-submersible production platform.The deepwater semi-submersible production unit is intended for operation in a deepwater natural gas field in the Qiongdongnan Basin…

Eni to Take Over Indonesian Deepwater Development?

Sep 30, 2020

Italy's Eni is expected to take over the Indonesian Deepwater Development (IDD) project as operator Chevron sells its interest in the gas venture, the chairman of the country's upstream oil and gas regulator said on Wednesday.Chevron confirmed…

Aker Solutions Delivers Subsea Structures for CNOOC's Lingshui 17-2 Field

Sep 30, 2020

Norwegian offshore engineering and construction firm Aker Solutions has completed the construction of subsea structures for China-based CNOOC's Lingshui 17-2 project in the South China Sea.The structures were built and tested at the China Offshore…

India's Deepwater Gas Output Pressured by Low Spot LNG Prices

Jul 21, 2020

India’s new deepwater gas production could be under pressure from low spot LNG prices, says Wood Mackenzie.Deepwater is expected to drive India’s gas production growth, adding over 1 billion cubic foot per day (bcfd) of new supply by 2023. However…

PHOTO: CNOOC Completes First Development Well at Lingshui 17-2

Jun 11, 2020

Chinese oil company CNOOC has this week completed the drilling of the first development well at the Lingshui 17-2 (LS 17-2) gas field development in the South China Sea, offshore China.The info, along with the photos, was shared by CIMC-Raffles…

Total Sells Brunei, Sierra Leone, and Liberia Assets for $400M+

Apr 07, 2020

French oil firm Total has said it has sold assets in Brunei, Liberia, and Sierra Leone for more than $400 million, as part of its plan to divest $5B worth of assets in 2019-2020 period.The divestments announced Tuesday include non-core assets…

SE Asia Rig Market Set for Decline. Deepwater Projects at Risk

Mar 31, 2020

Norwegian energy intelligence company Rystad Energy has painted a bleak picture for the drilling rig market outlook in South East Asia but has also said that Malaysia's Petronas will have a large role in where the market goes. Further, the intelligence…

Yinson, Petrobras Sign Firm Contracts for Marlim 2 FPSO

Mar 30, 2020

Malaysian FPSO provider Yinson has signed firm contracts with Petrobras for the delivery and for operation and maintenance of the Marlim 2 FPSO.The two companies had in October 2019 signed letters of intent for the long-term charter and operation…

Offshore Drilling: It’s Going to Get Worse Before It Gets Better

Mar 23, 2020

With the oil price crash and COVID-19, the near-term outlook for the offshore rig market is on a lot of minds. RigLogix has contacted a number of rig owners and operators and the consensus seems to be that it’s going to get worse before it gets better…

Subsea 7 to Tie Murphy's Discoveries to King's Quay FPS

Mar 03, 2020

Offshore installation contractor Subsea 7 on Tuesday said it had won a contract from Murphy Oil for the provision of the subsea installation services related to the Samurai, Khaleesi, and Mormont developments in the U.S. Gulf of Mexico.The contract…

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…

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…

India's First Deepwater Gas Field Stops Production

Feb 04, 2020

India's D1 D3 offshore gas field, the country's first deepwater gas development to be brought online, has ceased production, Reliance and BP joint venture said Monday.The field, in Block KG D6 (KG-DWN-98/3), off the east coast of India, started producing gas in April 2009…

Chevron to Ditch Indonesian Deepwater Development Stake?

Jan 24, 2020

U.S. oil giant Chevron Corp is considering selling its participating interest in the Indonesian Deepwater Development (IDD) gas project, the company said on Friday, as it makes sweeping changes to cut costs and streamline operations. No final decision has yet been made…

Current News

Boskalis Charters Offshore Construction Vessel for Offshore Wind Work in Taiwan

Boskalis Charters Offshore Construction Vessel for Offshore Wind Work in Taiwan

Vietnam: FSO Golden Star Receives First Condensate

Vietnam: FSO Golden Star Receives First Condensate

U.S. Adds China's CNOOC to Defense Blacklist

U.S. Adds China's CNOOC to Defense Blacklist

OPEC+ Agrees to Slightly Ease Oil Output Cuts from January

OPEC+ Agrees to Slightly Ease Oil Output Cuts from January

Uzma's SVP Nets Well Services Deal with SEA Hibiscus

Uzma's SVP Nets Well Services Deal with SEA Hibiscus

OPEC+ Moves Closer to Compromise on 2021 Oil Policy

OPEC+ Moves Closer to Compromise on 2021 Oil Policy

Centus Marine Orders Fast Crew Boat from Strategic Marine

Centus Marine Orders Fast Crew Boat from Strategic Marine

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