Deepwater upstream projects are increasingly important for Southeast Asia, where new investment in production is critical to meet rising demand for oil and gas, as economies continue to expand.
UK-listed Harbour Energy said it is on track to probe the deep waters of Indonesia’s North Sumatra basin in its Andaman II production-sharing contract (PSC).
China’s CNOOC Ltd today said that the country’s “first offshore large-sized independent deep-water gas field” named Lingshui 17-2 has started production. The development, which CNOOC claims includes the world’s first 100,000 ton semi-submersible platform, underscores the advancement of China’s deep-water technical knowhow.
TechnipFMC will carry out the engineering, procurement, construction, installation and commissioning contract for the subsea production system, umbilical, riser and flowline (SURF) at Petronas’ Limbayong deep-water development offshore Malaysia.
CNOOC, China’s third largest oil company, is expected to start production at Lingshui 17-2, a large deep-water natural gas field in the South China Sea, during the first half of 2021.
Petronas Carigali is aiming to take a final investment decision (FID) on its Bestari deep-water oilfield development offshore Sabah in East Malaysia this year.
Petronas MPM reckons there is at least 6 billion barrels of oil equivalent (boe) waiting to be discovered in Malaysia’s deep waters.
News that Thailand’s PTT Exploration & Production (PTTEP) and Petronas have started first deep-water gas production from Block H bodes well for Malaysia’s vision to attract further investment in its deeper waters.
BHP Group on Tuesday said it sees a clear opportunity in oil and gas to enjoy strong returns over the medium term and is ready to seek counter-cyclical deals in a world where many energy companies have cut back on exploration and new projects.
Shell has begun oil production from the third phase of the deep-water Parque das Conchas (BC-10) development in Brazil's Campos Basin.
BG's drill-stem test of its Jodari gas discovery on block 1 offshore Tanzania has confirmed the "excellent" quality of the Tertiary reservoir.
The market outlook for subsea continues to strengthen and build momentum.
Oil and gas explorer Sterling Resources said today it is no longer looking to sell off its stake in a North Sea field after signing a deal which could be worth around £48million for some of its Romania assets.
AN ENERGY company has revealed plans for more than 400 wind turbines in the Moray Firth.
DAVID Cameron yesterday signalled support for deep-water oil drilling in UK waters.
GLOBAL offshore drilling giant Transocean has made a £879million bid for Aker Drilling, of Norway, in a move that would boost its ultra-deepwater fleet and its foothold offshore the Nordic country.
The freshwater content of the upper Arctic Ocean has increased by about 20% since the 1990s, according to a new large-scale assessment.
Greenpeace protesters boarded a drilling ship yesterday to try to stop it heading for a deep water well in the North Sea.
BRAZILIAN state operator Petrobras expects to spend about $300million on exploring its Turkish Black Sea concessions over the next two years, according to the company's international director, Jorge Zelada.
ENGINEERING specialist STATS Group is to set up a branch in Texas.
ExxonMobil says it has discovered oil in deep water off Rio de Janeiro, near massive fields that could hold as much as 80billion barrels, it was reported yesterday.