BP has bought a 3.06% stake in an Indonesian liquefied natural gas (LNG) project from Repsol for more than $300million, the Spanish firm has said.
General Electric (GE) has opened a digital technology centre in India that will create 1,000 jobs.
Thirteen people have been arrested after scaffolding collapsed at a power plant construction site in eastern China, killing 74 workers.
Central Asia focused Tethys Petroleum suffered a 46% slump in third quarter revenues due to a drop in production and the devaluation of the Kazakh currency.
China National Petroleum Corp. plans to spin off most non-energy assets -- a portfolio comprising roughly 10 percent of its workforce -- as low oil prices force the state-run behemoth to streamline, according to people with knowledge of the matter.
China’s oil output slump shows no signs of abating as the country’s state-run energy giants hold back spending to cope with the crash in prices.
Russian oil giant Rosneft is expected to follow Shell and BP into the Indian fuel retail market with the acquisition of a stake in Essar Oil, a news report said.
Toyko has sent a protest note to Beijing accusing China of exploring gas deposits in waters which are subject to a territorial dispute between the countries, a news report said.
Kuala Lumpur-based Hibiscus Petroleum has entered into a conditional agreement to buy Shell’s interests in four producing oil fields off Malaysia.
BP will follow in the footsteps of rival oil giant Shell by breaking into the Indian petrol station market, a news report said.
Acteon Group, the parent of subsea service firms operating globally from locations including Aberdeen, took a financial pounding in 2015 and it has predicted more turnover woe this year.
The UK and India’s relationship’s key strength are its energy ties, according to a British Deputy High Commissioner.
BP has handed GE Oil & Gas a contract to provide a third liquefaction train at the LNG facility it operates in Indonesia.
A Malaysian port authority has ordered the suspension of operations at a fuel terminal following an oil spill, a news report said.
Aberdeen crane engineering firm Sparrows Group will expand its operations in the Asia Pacific market after teaming up with a Malaysian firm.
Thai firm PTT Exploration and Production (PTTEP) has knocked $300million off its capital expenditure budget to offset the impact of lower oil prices, a news report said.
China is throwing the world’s leaders a party, and oil bulls may be hit with the hangover.
Korea National Oil Corp (Knoc) has decided to cut its losses and exit the Sangaw South project in Kurdistan.
Korea Gas Corp plans to lower costs by using its own overseas output for the production of liquefied natural gas (LNG), the firm’s boss said, according to a media report.
Aberdeenshire-based Paradigm Flow Services has won a contract for deepwater work in Malaysia.
A Chinese court has placed Sinopacific Offshore and Engineering in administration.
A “hijacked” Malaysian oil tanker is thought to have been taken in a commercial dispute, a news report said.
Wood Group said today it had won a $700million contract to provide automation contractor services to a partnership in Kazakhstan.
China’s biggest energy firm has started installing a fourth gas pipeline between Shaanxi province and Beijing.
Oilex has reaffirmed its commitment to unlocking in-place tight gas potential in its onshore Cambay block, in India.