Australia's Tap Oil has restructured its $25million debt facility with its lenders as it presses ahead with a new exploration well in the Gulf of Thailand.
Malaysia has opened up its territorial waters in a bid to stimulate offshore E&P investment activity.
Oil major BP has signed its first production sharing contract for shale gas exploration, development and production in China.
China National Offshore Oil Corporation (CNOOC) and Shell have confirmed the final investment decision to expand CNOOC and Shell Petrochemical Company’s (CSPC) existing 50:50 joint venture in Huizhou, Guangdong Province, China.
PetroChina, the country’s biggest oil and gas producer, and China’s largest offshore explorer Cnooc, may write down assets following crude’s plunge, analysts say.
China's Green Dragon Gas has increased its gas reserves in China for the tenth consecutive year.
The International Monetary Fund (IMF) today urged Azerbaijan to boost reforms and diversify its economy in order to withstand a plunge in global crude prices which has badly hit growth, budget revenues and the manat currency.
Total has signed long-term liquefied natural gas (LNG) sale and purchase agreements with state-owned Indonesian company Pertamina.
Plexus Holdings, the Aberdeen-based engineering specialist, has signed a deal with Talisman in Malaysia to supply a wellhead system for an offshore exploration well.
Shares of Gulf Keystone, Genel Energy and DNO rose after the Kurdistan Regional Government clarified its system of export payments to foreign oil companies.
China's CNOOC has begun started production at two new offshore projects in the South China Sea.
Lundin Petroleum has signed farm-out agreements with Dutch firm Dyas for part of its working interests in three production sharing contracts in Malaysia.
CNOOC Limited said it has commenced production from the Kenli 10-4 oilfield off the coast of North China.
China's Foreign Ministry has claimed a $1billion deepwater oil rig was not drilling in disputed territory in the South China Sea. It comes after a warning from Vietnam against such activity.
China's Cnooc plans to cut spending and reduce production as it grapples with the sub $30 oil environment in 2016.
Malaysia's Petronas plans to cut expenses by as much as $11.4billion over the next four years and defer some projects, according to reports.
Chinese President Xi Jinping is set to visit Saudi Arabia, Egypt and Iran later this month.
CNOOC (China National Offshore Oil Corporation) and (CGN) China General Nuclear Power Corporation have signed a strategic framework agreement on offshore oil and nuclear power.
Roxi Petroleum, the Kazakhstan-focused independent said it has improved its flow rates from its flagship Well 143, whilst still encountering blockages from its deeper wells.
China-focused gas producer Green Dragon reported a 36% increase in gross production for 2015 compared to the previous year.
Exxon has successfully started the onshore central processing facility at the Banyu Urip field in Indonesia, helping increase production to more than 130,000 barrels of oil per day and increasing production in coming months.
Ophir Energy has signed a heads of agreements for LNG offtake from the Fortuna FLNG project off Equatorial Guinea.
Oilex is continuing its workover of its Cambay field in India.
Lundin Petroleum has commenced drilling of the Imbok-1 exploration well in Blocks SB307 and SB308, offshore East Malaysia.
Petronet, India’s biggest gas importer, is in talks with Qatar’s RasGas to work out a new pricing formula for an existing 25-year contract.