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Sinopec Gets Weirong Green Light

Nov 19, 2019

China's Sinopec has received approval from the ministry of natural resources to develop shale gas at the Weirong gas field in the southwestern province of Sichuan, the refiner said on Tuesday.The company plans to build 166 wells at the gas field with total production capacity of 3 billion cubic meters (bcm) each year.The first phase of construction is underway, with two testing wells reaching daily output of 313…

Yothaka East-2 Sidetrack Disappoints

Dec 13, 2019

Tap Oil on Friday shared an update on the Yothaka East-2 appraisal well drilled in the G1/48 concession Manora Production License, operated by Mubadala Petroleum, in the Northern Gulf of Thailand.Operations on the sidetrack of the Yothaka East…

First Steel Cut for Cambodia Apsara Platform

Dec 09, 2019

Independent upstream oil and gas company KrisEnergy said first steel has been cut for the minimum facilities wellhead platform (MiniPlatform) for the Apsara oil field in Block A, offshore Cambodia, the nation’s maiden hydrocarbon development…

Neptune Buys East Sepinggan Stake

Dec 05, 2019

Neptune Energy has acquired from Eni a 20% participating interest in the in the East Sepinggan area offshore Indonesia.Eni, with 65% interest, will continue to be the operator of the area which is located in the East Sepinggan area, offshore East Kalimantan in Indonesia…

Tendeka Launches One-trip Remedial System

Dec 04, 2019

Completions service company Tendeka said it has launched a new single trip sand control solution to address the issue of sand control failure in wells.The Filtrex remedial sand control system provides the flexibility to be installed thru-tubing…

Petronas Quarterly Profit Halves

Nov 26, 2019

Malaysia's state energy firm Petroliam Nasional Bhd said on Tuesday its third-quarter profit nearly halved due to lower demand and impairment charges, and warned of further risks to demand.Profit for the July-September period at Petronas, as the company is better known…

Sarawak Seeks to Recoup Tax from Petronas

Nov 21, 2019

Malaysia's state of Sarawak filed a writ summons and statement of claim against national energy firm Petroliam Nasional Bhd on Thursday to recover taxes owed, according to media reports.National news agency Bernama reported that the company…

Thunder Cranes Wins Chevron Contract

Nov 20, 2019

The Thunder Cranes Group said it has secured a contract to support Chevron on a three-year plug and abandonment project in the Gulf of Thailand that will include some 3,000 wells.The multimillion-dollar contract will see Thunder Cranes add a further three brand new TC90XL cranes to its fleet…

KMG, Tatneft Outline Cooperation Roadmap

Nov 20, 2019

Chairman of the Management Board, NC KazMunayGas (KMG), Alik Aidarbayev and Director General of Tatneft Nail Maganov signed the Roadmap on Introduction of the Tatneft Best Practices in the Petroleum Industry of the Republic of Kazakhstan. The implementation period is 2020…

China to Cut Renewable Power Subsidy

Nov 20, 2019

China will cut its renewable power subsidy to 5.67 billion yuan ($806.50 million) in 2020 from 8.1 billion yuan in 2019, the Ministry of Finance said on Wednesday, as the country will soon stop funding large solar power stations.Because of a decline in manufacturing costs…

Weatherford Wins Russia Contracts

Oct 31, 2019

Oilfield services firm Weatherford announced it has signed two contracts totaling $67.4 million for drilling services with two major operators in Russia.The first contract spans two-and-a-half years. Operations began in July 2019 and will last through the end of 2022…

Heavy Crude Demand Boosts Mitsui Profits

Oct 31, 2019

Higher demand in low-sulphur heavy crude ahead of new rules on shipping fuel is helping to boost the profit of Mitsui & Co as the Greater Enfield project in Australia began production in August as scheduled, the Japanese trading house's CEO said on Thursday…

Into a New Era of Organizational Memory

Oct 29, 2019

Jim Stuart, SVP Digital at Lloyd’s Register, outlines current and future challenges for asset owners and operators in the energy and marine industries across Asia-Pacific (APAC) and how technology will change the way knowledge is captured, stored and used across organizations for the better…

Oil Steady as Russia Commits to Output Cuts

Oct 28, 2019

Oil prices were steady on Monday, holding on to strong gains last week, after Russia affirmed its commitment to a deal with OPEC producers to keep production in check and support prices.Brent crude was down 1 cent at $62.01 a barrel by 0055 GMT…

Conrad Reports Well Issues in Indonesia

Oct 25, 2019

Conrad Petroleum said it encountered problems while conducting testing at its Tambak 2 appraisal well on the Mako gas field offshore Indonesia.Conrad, operator of Duyung PSC, said it had successfully drilled the Tambak-2 well on October 15. Later…

Current News

Yothaka East-2 Sidetrack Disappoints

Yothaka East-2 Sidetrack Disappoints

Geoscience Packages Reveal APAC Prospectivity

Geoscience Packages Reveal APAC Prospectivity

Oil Consumption Tracking is All About Asia

Oil Consumption Tracking is All About Asia

Rocsole Taps Tienhaara as CEO

Rocsole Taps Tienhaara as CEO

Malaysian State Open to Buying Petronas Stake

Malaysian State Open to Buying Petronas Stake

First Steel Cut for Cambodia Apsara Platform

First Steel Cut for Cambodia Apsara Platform

Russia Expecting Oil Output Bump

Russia Expecting Oil Output Bump

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