Gas shortfall threat should spur new investment in Malaysia, Woodmac says
Malaysia offers some of the most material and attractive upstream investment opportunities in Southeast Asia due to supply shortages, according to Wood Mackenzie.
Asia
Pakistan ends offshore drilling after failing to find oil or gas
Pakistan's ministry of petroleum has said authorities are ending offshore drilling off the Karachi coast in the Arabian Sea after no reservoirs of oil or gas were found.
Keppel bags deals worth around £90m
Keppel Offshore & Marine has secured integration and upgrading contracts worth about £90 million.
Premier Oil completes £50m sale of Pakistan business
UK-based Premier Oil has completed the sale of its Pakistan business. Premier has divested Premier Oil Pakistan Holdings to Al-Haj Energy for £50 million. It follows the receipt of necessary approvals and finalisation of working capital adjustments.
TechnipFMC bags huge Merakes contract with Eni
TechnipFMC has won a contract with Eni for the Merakes project off the coast on Indonesia.
China’s oil giants to splurge most in five years
China’s oil giants aim to spend the most in five years in pursuit of higher energy output. But unlike global rivals investing in top-tier assets, the state-owned producers are trying to boost supply from fields that are either old and high-cost or new and challenging.
Updated: Cairn shares drop as Indian arbitration outcome delayed
Shares in Cairn Energy slid today after the Scottish oil firm said the outcome of its arbitration claim against India would not to be delivered “before late 2019”.
Aberdeen energy service firm wins exporter prize
Energy service giant Wood has won an award for its commitnent to exporting engineering expertise to China.
China switches on world’s biggest ultra-high voltage line
State Grid Corp. of China has started up the world’s longest and most-powerful ultra-high voltage power line from its far northwest to the heavily populated east.
Shell, Total among the majors committed to developing Chinese acreage
China signaled its openness for business with a raft of deals that’ll give oil majors including Royal Dutch Shell Plc new opportunities to develop fields in partnership with the nation’s biggest offshore explorer.
New Survivex owner expands into China
The private-equity backed group which bought Aberdeen offshore survival trainer Survivex has opened a new office in China's oil and gas heartland.
Big oil woos China with $24bn splurge in old pirate’s lair
A Chinese archipelago that served as a pirate’s den in centuries past and was governed by President Xi Jinping in the new millennium is luring the world’s energy giants.
Saudi parades $50bn of deals in bid to save summit
Saudi Arabia showcased international deals worth about $50 billion as the kingdom tried to put the best possible gloss on a flagship investment summit shunned by global business leaders after the killing of Jamal Khashoggi.
ConocoPhillips sells East Timor stake for $350 million
ConocoPhillips is selling its stake in East Timor's Greater Sunrise gas field back to the government for $350 million.
Record India diesel prices a pain for Modi as rupee tumbles
India’s growth monikers -- the world’s fastest-growing major economy and the fastest-growing oil user -- might make for good headlines, but when juxtaposed with the less-flattering description of its currency they pose a problem for Prime Minister Narendra Modi.
Aberdeen suppliers could profit from Indian production drive
North-east firms can cash in on India’s drive to reduce oil and gas imports by 10% by 2022, guests heard at an Aberdeen event.
Top-performing reliance is shaking off past decade’s slumber
Reliance Industries Ltd.’s recent gains are helping one of India’s most-valuable companies catch up with the benchmark index, which it had trailed for much of the past decade.
ONGC $1.6bn stake sale faces subsidy hurdle
India’s efforts to sell a $1.6 billion stake in Oil & Natural Gas Corp. has run into concerns that government policies on fuel pricing would weigh on the state-run explorer’s share price, according to people with knowledge of the situation.
TechnipFMC wins ‘large contract’ for Vietnam chemical plant
Energy services giant TechnipFMC has won a contract worth between £388million and £777m in Vietnam.
Wood wins new contract with Shell in Philippines
Energy service giant Wood has clinched a new six-year contract for Shell's Malampaya project in the Philippines.
Aker Solutions snaps up £32m order from China
Aker Solutions has won contracts valued at more than £32 million to deliver power umbilical systems to Cnooc's Liuhua oil fields off Hong Kong.
OPINION: Is the future renewable for China?
China’s dash for world leadership in clean energy technologies has been one of the most significant developments in the global energy scene over the past few years and its implications are insufficiently recognised.
China’s most-wooed oil buyers are being shunned
They were once the toast of the oil town, courted by everyone from OPEC producer Saudi Arabia to energy giant BP Plc and top independent trader Vitol Group. Not so much anymore.
Reliance gives India second $100bn firm in three months
Reliance Industries is back in the $100 billion club, a journey that has taken more than a decade.
Wood to work on steam methane reformer project in Asia
Wood has won a contract worth at least £2 million to provide Hyundai Engineering with engineering services and material supply for a steam methane reformer.