Shell sells stake in Thai field for $750m
Shell said today that two of its affiliates had sold their stake in a field off Thailand for $750 million.
Asia
Shell completes $750m sale of Malaysian LNG stake
Shell said today that it had completed the sale of its 15% shareholding in Malaysia LNG Tiga (MLNG Tiga) for $750 million.
Xodus nominated for Indonesian LNG project
Aberdeen consultancy Xodus Group has been nominated as a subcontractor for an LNG project in Indonesia.
Mongolian explorer raises £13.7m through share placing
Mongolian oil explorer Petro Matad has raised £13.7 million through the placing of 136m shares.
TechnipFMC bags contract for CNOOC project in South China Sea
CNOOC has handed a subsea engineering contract for a project in the South China Sea to TechnipFMC.
Equinor inks deal to boost position in Azerbaijan
Energy giant Equinor has signed an agreement with Azerbaijan’s state oil company SOCAR to develop the Karabakh oilfield in the Caspian Sea.
India delays plan to roll out 10,000 electric cars to 2019
India has pushed back a deadline to put thousands of battery-driven cars on the road by nearly a year, in a setback to its ambitions of having electric vehicles comprise about a third of its fleet by 2030.
McDermott bags contract for pair of Vietnamese gas field projects
McDermott International has inked a deal to provide transport and installation services for two gas and condensate field developments off Vietnam.
Petrofac to supply staff for South China Sea gas development
UK oil field service giant Petrofac will supply staff for a gas field project in the South China Sea as part of a three-year deal with Husky Energy's Chinese subsidiary.
VIDEO: Shell and CNOOC launch petrochemicals joint venture in China
Shell and China National Offshore Oil Corporation (CNOOC) have announced the start-up of a new petrochemical plant in China.
Rotech opens Far East office
Rotech Subsea said yesterday a recent project in Asia had led to so many inquiries that it had set up a new subsidiary and opened an office in Kuala Lumpur (KL), Malaysia, to meet demand.
Exploded Indonesian unregulated oil well causes death toll
This aerial photo shows ruins of houses around a burning oil well that exploded after it caught fire early Wednesday, in Pasir Putih, easter Aceh, Indonesia, Thursday, April 26, 2018. The newly drilled, unregulated oil well in western Indonesia exploded into flames on Wednesday, burning to death a number of people and injuring dozens of others.
China’s shale output to almost double by 2020, Woodmac says
Chinese shale gas production will almost double between now and 2020, energy consultancy Wood Mackenzie (Woodmac) has predicted.
Report: India to give Saudi Aramco 50% stake in mega refinery
India is set to grant Saudi Aramco a 50% stake in a 1.2million barrel-per-day refinery on its west coast, according to a news report.
Cosasco secures $380k contract for corrosion monitoring systems
Cosasco will supply Oil and Natural Gas Corporation (ONGC) with corrosion monitoring systems after clinching a $380,000 contract with the Indian firm.
China gas giant ‘confident’ US energy ties set to deepen
The head of China’s largest natural gas importer believes the country’s energy ties with the U.S. are set to deepen, despite trade conflict between the world’s two largest economies that has roiled financial markets.
Petrofac secures £165million contract for Raageshwari deep gas project
Petrofac has won a $233million (£165million) engineering, procurement and construction deal for the second phase Vedanta Resources’ Raageshwari Deep Gas Field Development Project.
Shell completes sale of North Sabah interest
Shell has completed the sale of its 50% working interest in the North Sabah Enhanced Oil Recovery Production Sharing Contract (PSC) to Malaysia’s Hibiscus Petroleum.
Total signs up for Chinese energy sector investment fund
French energy major Total has joined forces with two other parties to launch an investment fund dedicated to the energy sector in China.
PetroChina profit pops as oil rally counters gas, writedowns
PetroChina Co., the country’s biggest oil and gas company, said profit almost tripled last year as earnings from exploration and production overcame asset writedowns and losses from importing natural gas.
Petrofac wins £142million EPC contract in India
Oilfield services giant Petrofac has won a $200million (£142million) engineering, procurement and construction (EPC) in India.
Fire breaks out at oil storage tank in Singapore
Emergency crews are dealing with a fire that has broken out at an oil storage tank on an island off the southern coast of Singapore.
Aberdeen maintenance contract for BP’s Tangguh LNG expansion
Engineering firm Add Energy has won a contract with BP for maintenance build work on its Tangguh liquefied natural gas (LNG) project in Indonesia.
China tackles speculation as it tries to create oil benchmark
As China seeks to establish a global oil benchmark at home, it wants to prevent a speculative bubble in its upcoming crude futures.
Shell closes in on deal to supply Singapore with LNG
Shell is close to winning a deal to supply Singapore with liquefied natural gas (LNG), according to a news report.