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Karoon Energy CEO Steps Down after 16 Years at Helm

Jul 29, 2020

Australian oil and gas company Karoon Energy has said that its founder and CEO Robert Hosking will step down after 16 years at the helm.The company, with oil and gas projects in Australia, Peru, and Brazil, said Wednesday that Hosking had informed…

GMS Completes 'First' Well Intervention from Self-Propelled Jack-Up Unit

Jul 28, 2020

Gulf Marine Services, a UAE-based supplier of self-propelled and self-elevating support vessels (SESVs) for the offshore energy industry, has said it has completed its first Well Intervention work scope.The company, which normally provides offshore…

China's Surging Crude Imports Mask Weakness in the Rest of Asia

Jul 27, 2020

The ongoing flood of crude oil into China is obscuring the fact that demand in the rest of Asia remains weak, and that countries in the world's top-consuming region didn't join China is stocking up when prices slumped.China's crude imports set consecutive records in May and June…

China's CNOOC Acquires Stakes in Abu Dhabi's Major Offshore Blocks

Jul 27, 2020

China-based offshore oil and gas-focused company CNOOC will acquire rights in Abu Dhabi's major offshore blocks Lower Zakum, Umm Shaif and Nasr.Abu Dhabi's national oil company ADNOC said Monday it would transfer part of rights in the offshore…

Sparrows' Crane for Vedanta's Offshore Facilities in India

Jul 27, 2020

Sparrows Group has secured a three-year contract renewal to supply a rental crane to Vedanta Resources Limited, extending its relationship with the company to nine years.A Sparrows manufactured ECR-20 crane will be mobilized to the Lakshmi and Gauri oil and gas fields of Cairn Oil & Gas…

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…

TAS Terminates Shipbuilding Deals for 16 Offshore Vessels

Jul 24, 2020

Malaysian offshore vessel operator TAS Offshore has canceled shipbuilding contracts for 16 offshore support vessels.The company had signed the contracts in the 2013-2015 period with two Chinese shipbuilders Guangzhou Hangtong Shipbuilding and Shipping Co…

PipeChina to Buy $56B Worth of Pipelines

Jul 24, 2020

China took a major step in the reform of its national oil and gas pipeline network, with newly formed PipeChina agreeing to buy pipelines and storage facilities valued at 391.4 billion yuan ($55.9 billion).Under the deal, PipeChina, known formally as China Oil and Gas Pipeline Network…

Santos' 2Q Revenue Drops. Output at Record Levels

Jul 23, 2020

Australia's Santos Ltd reported an 18% drop in second-quarter revenue on Thursday due to lower realised prices for its oil and gas, but said production from its core assets was expected to remain steady in the near term.The country's second…

China's Oil Port Congestion to Stretch On Well into August

Jul 23, 2020

Congestion at China's east coast oil ports that is adding to costs for shippers and importers is likely to run well into August, with crude shipments set to hit another record high this month, according to analysts and Refinitiv data.The massive inflows are straining offloading facilities…

Baker Hughes Posts Q2 Loss as Oil Slump Hits Demand

Jul 22, 2020

Baker Hughes Co posted its second consecutive quarterly loss on Wednesday and said it would continue to rein in costs in preparation for a longer period of volatility in oil prices.Oil producers halted the drilling of new wells and drastically…

Webinar: Floating Production Forecasts & Analysis

Jul 21, 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…

Malaysia: Cortez Subsea Installs Subsea Pipeline Using Weld-Free Tech

Jul 21, 2020

Subsea technology and services company, Cortez Subsea has reported it has completed the first-ever subsea pipeline using NOV's Zap-Lok mechanical connector, offshore Malaysia.The company says the technology enables faster and cheaper completion of subsea pipelay…

Vestas Nabs 50MW Wind Turbine Order in Vietnam

Jul 21, 2020

Danish wind turbine supplier Vestas has secured a 50 MW order in Vietnam with local EPC construction company, Bac Phuong JSC for the second phase of the Dong Hai 1 intertidal wind project. Vestas was also awarded the first phase of the project in December 2019…

Oil Search Q2 Revenue Falls About 30%

Jul 20, 2020

Australia-listed Oil Search Ltd on Tuesday reported a near 30% drop in second-quarter revenue, hurt by a sharp decline in oil and gas prices as demand plunged due to the coronavirus pandemic.The Papua New Guinea-focused oil and gas explorer recorded a revenue of $266…

Current News

DOF Subsea Wins 'Key Award' with Chevron in Australia

DOF Subsea Wins 'Key Award' with Chevron in Australia

China's Crude Imports Surged 25% in July

China's Crude Imports Surged 25% in July

Indonesia's Price Cap Obstructing Gas Projects

Indonesia's Price Cap Obstructing Gas Projects

Repsol, Vestigo Tap Alam Maritim for Subsea Services

Repsol, Vestigo Tap Alam Maritim for Subsea Services

Inpex Books $1.3B Writedown on Australian LNG assets, Omitting Ichthys

Inpex Books $1.3B Writedown on Australian LNG assets, Omitting Ichthys

U.S. Sends First Crude Shipment to Saudi Arabia in Years

U.S. Sends First Crude Shipment to Saudi Arabia in Years

Oil Prices Hit 5-Month High

Oil Prices Hit 5-Month High

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