China’s biggest offshore driller is being targeted in the final days of President Donald Trump’s administration for its activity in the South China Sea.
Santos has approved US$235 million worth of investment for an infill drilling campaign that will extend the life of the Bayu-Undan field offshore East Timor. As a result, the Santos-led Darwin LNG export plant, which is fed by the aging field, will not need to be shut down while new supplies of gas are developed.
Adnoc has signed on to decarbonisation plans with the Japanese Ministry of Economy, Trade and Industry (METI) while also securing support for the launch of its new Murban future.
North Asia’s liquefied natural gas benchmark rose above $30 per million British Thermal units for the first time, breaking a barrier that few thought possible.
Engineering and consulting giant Wood has clinched a deal worth more than $120 million for a refinery project in south China.
McDermott International said today it had wrapped up the KG-D6 R Cluster subsea field development project off the east coast of India.
Borr Drilling said in its new fleet status report that it had added $35.1 million over 480 days to its total backlog.
Taiwan’s CPC Corp. has celebrated the arrival of Chadian crude in its home market.
With Myanmar’s general elections in the rearview mirror, upstream development expenditure could more than double to over $1 billion by 2023 compared to this year’s spend.
Shares in Cairn Energy soared after the Scottish oil and gas firm announced it had prevailed in a long-running tax dispute with the Indian Government.
Shell, Eni and their partners in the Karachaganak oil and gas venture paid $1.3 billion to settle a long-running dispute with Kazakhstan over revenue sharing.
Bank of China Ltd. has sued BP Plc in Singapore over its alleged role in fabricating oil deals with collapsed trader Hin Leong, in the latest effort by a creditor to recover losses after one of the biggest trading scandals in decades.
The direction of travel appears clear; around a quarter of the current offshore floater rig fleet - ships and semi-submersibles - will be sent to the scrapyard near-term.
Saudi Aramco sees a recovery for oil demand in the second half of 2021 and, in the longer term, hydrocarbons will continue to compete with energy transition options.
Russia’s gas independent Novatek is extending its move into the downstream, launching an LNG fuelling station in Germany and delivering ISO tanks to China.
The Chinese coast guard has been harassing a drilling rig contracted to Thailand’s PTTEP in Malaysian waters off Sarawak as the company attempts to appraise its biggest ever gas discovery.
CNOOC, China’s third-biggest oil company faces a US blacklist, which could spur major outflows from its Hong Kong-listed unit, after years of involvement in offshore drilling in disputed South China Sea waters.
A pair of oil and gas fields controlled by Japanese companies offshore Vietnam could become a potential flash point in the disputed waters of the South China Sea as Beijing continually seeks to aggressively assert its claims.
EnQuest said today its debt had risen and full-year production would be in the lower half of its guidance range of 57-63,000 barrels per day.
China’s oil giants China National Petroleum Corp. and CNOOC Ltd. are considering acquiring Exxon Mobil Corp.’s remaining stake in an oilfield in Iraq, which could fetch at least $500 million, according to people familiar with the matter.
The eastern Malaysian state of Sarawak, home to the country’s LNG export complex, will soon open onshore acreage for bidding, as it hopes to revitalise its onshore oil and gas industry after taking regulatory control from the federal government.
Independent exploration and production (E&P) firms that fail to adjust to the energy transition face extinction before 2050, an analyst said today.
Sapura Energy has won a number of contracts, including pipeline works for Qatar’s Al-Khalij field, from Total E&P Golfe.
Brunei Shell Petroleum Company has exercised an option for Maersk Viking to drill a deepwater exploration well.
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