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.
Petroneft Resources has posted a pre-tax loss for 2015 of $7.7million after its work programme delivered only a small rise in production.
Cairn India boss Mayank Ashar has quit decided to step down for personal reasons, just a month after the nation’s largest private oil producer posted its biggest quarterly loss.
BP reaffirmed its commitment to its Indian market as it announced it had sold a partial stake in Castrol India.
Chevron plans to lay off 800 staff this year in Thailand as it looks to cut $500 million in costs at the Thai business to weather the fall in global oil prices, the company said.
PetroChina, the country's largest oil and gas producer, reported its first ever quarterly loss as oil prices touched near 13-year lows.
A one-day conference focusing on the legal and regulatory challenges facing Indonesia’s oil and gas sector has been hailed a success.
Amec Foster Wheeler has been awarded a front-end engineering design (FEED) contract to modernise the Heydar Aliyev Oil Refinery (HAOR) in Baku, Azerbaijan.
BP has signed a deal to supply liquefied natural gas to Indonesian power utility company Perusahaan Listrik Negara.
Fugro has been awarded a contract by Indian oil and gas company, ONGC, for the provision of ROV services on board the drillship Sagar Vijay.
Total has signed a memorandum of understanding with Korea Gas Corporation (KOGAS) during the LNG 18 conference in Perth, Australia.
Odfjell Drilling has signed a memorandum of Deepsea Metro I with Petronas to drill a well offshore Malaysia.
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.