Brunei plans to boost production of oil and gas following the discovery of 42 million barrels of oil equivalent last year, according to energy minister Mat Suny bin Mohd Hussein. Significantly, the country is banking on new finds to reverse an expected decline in upstream output.
Brunei Shell Petroleum has rolled out measures in an attempt to ward off disruptions to oil and gas production in Brunei following a significant number of Covid-19 infections detected at offshore platforms in the Champion field, the country’s biggest source of hydrocarbons.
Brunei Shell Petroleum has implemented a business continuity plan (BCP) to help limit the spread of Covid-19 in Brunei and maintain upstream production in the Southeast Asian nation.
Brunei’s oil and gas sector has been reporting an increasing number of Covid-19 cases following 22 new infections that were linked to the Shell-operated Champion 7 offshore oilfield cluster.
Japan’s recent revision to its strategic energy plan (SEP) lowers the targeted share of liquefied natural gas (LNG) in the country’s power generation mix in 2030 to 20% from 27% previously, as a measure to cut emissions. However, analysis from Rystad Energy concludes that Japan’s targets are too ambitious and that the changes the new plan will bring will mostly be in the structure of commodities trading.
Murphy Oil has decided not to sell its stake in Block CA-1 offshore Brunei following a deepwater discovery by the block’s operator Shell.
Deep-water drilling activities are bouncing back in Southeast Asia following a lacklustre 2020 with overall spending expected to rise 51% this year to $504 million and almost back to 2019 levels, estimates from Rystad Energy show.
Shell has supplied Osaka Gas with its first shipment of carbon neutral liquefied natural gas (LNG) as the Japanese company strives to meet its 2050 net-zero goal.
Malaysia and Brunei have finally formalised a previously stalled unitisation agreement for the Gumusut-Kakap and Geronggong-Jagus East fields that straddle the international maritime boundary between the two countries. The about turn bodes well for Anglo-Dutch supermajor Shell, which has stitched up most of the acreage in Brunei’s offshore.
Brunei Shell Petroleum has exercised a £35 million contract extension option for the Maersk Convincer jack-up rig for work offshore Brunei Darussalam.
Representative body Decom North Sea (DNS) has entered into a pact to help its members find work in Brunei’s growing late life and decommissioning sector.
Malaysia has revoked a cross-border agreement with Brunei to jointly develop fields along the Malaysian-Brunei maritime boundary.
Looming wave of final investment decisions (FIDs) will provide massive boost for offshore oilfield service sector in Southeast Asia
Saudi Arabia's energy minister Khalid al-Falih has claimed that Brunei has expressed a "willingness" to extend the global oil cut agreement between OPEC and non-OPEC countries.
Amec Foster Wheeler (AFW) said today that it had clinched a contract to upgrade Shell’s installations in Brunei.
A policy of nationalizing chunks of an economy inevitably creates oligarchs who skim profits off the country's natural resources.
French geoscience firm CGG said today it had inked a contract to process seismic data for Shell in Brunei for six years.
Singaporean firm Kreuz Subsea has published a video showing the launch of its newest dive support vessel. The Kreuz Challenger was under construction at one of Vard’s yard in Norway. The vessel will carry out inspection, remedial and maintenance services for Brunei Shell Petroleum.
Engineering group McDermott has been awarded further pipeline work for 2017 under a multi-year offshore installation contract with Shell in Brunei.
Amec Foster Wheeler has completed its second annual ITB-Amec Foster Wheeler oil and gas training programme in Brunei.
Plexus Holdings has received a £1.5million purchase order from Brunei Shell Petroleum (BSP) to provide wellhead systems and services. The contract, for work on three additional exploration wells, runs until 2016. The company will supply both HP/HT and standard pressured wellhead and mudline systems and services.