The drill bit still plays a key role across the region, with exploration increasingly the domain of national oil companiesReports of the death of exploration have been greatly exaggerated. Since the 2014 oil price downturn, the industry has re-imagined exploration…
Indonesia's state-owned oil and gas company PT Pertamina signed a framework agreement with Malaysia's Petronas to sell and buy crude this year, Pertamina said in a statement on Tuesday.The agreement is a follow up to their plan last year to swap crude…
Malaysian offshore services provider Alam Maritim has been awarded a vessel contract by Petronas Carigali.Under the contract, announced Tuesday – but awarded in December 2019 – Alam is providing an anchor handling tug and supply vessel for the Malaysian company…
Malaysian oil and gas giant Petronas has said that its second FLNG Unit, the PFLNG Dua, has set sail from South Korea, and is on its way to the Rotan gas field, offshore Malaysia.The journey, which started from the Samsung Heavy Industries yard in Korea…
South Korea's Posco International has made a gas discovery at the Mahar well offshore Myanmar.Located in Block A3, the well was drilled using the Maersk Viking drillship in a water depth of 1000 meters.The Korea Herald has reported that the…
JISCO Marine and Vroon Offshore Services Singapore have signed a two-year extension agreement for the management of the Accommodation Work Boat (AWB) Nautical Aisya. This renewal will extend the JISCO and VOS Singapore cooperation until at least the end of February 2022…
Dutch ocean-towing company ALP will tow Eni's giant FLNG vessel Coral Sul (South) from South Korea to Mozambique, and will also assist with the mooring operations once on location.ALP on Monday said that TechnipFMC and JGC had contracted it…
KrisEnergy, an oil company focused on Southeast Asia, has been served a claim by Rubicon demanding a $2.84 payment in relation to a 2014-charter of the Rubicon Vantage FPSO, deployed at KrisEnergy's Wassana field as an FSO. Rubicon has, according to KrisEnergy…
Magseis Fairfield, a marine seismic acquisition company specializing in Ocean Bottom Node surveys, has signed a system sales contract for the delivery of Z100-nodes to an existing client in Asia. The Oslo-listed surveyor said the delivery complemented…
Southeast Asia-focused oil company KrisEnergy has agreed to transfer its Block 115/09 offshore Vietnam to an undisclosed international oil company.Debt-laden KrisEnergy said it would transfer its entire 100% working interest in Block 115/09 for nominal cash consideration…
Indonesia plans to set up or designate a state firm to carry out upstream oil and gas activities, to try to curb red tape and regulations that are blamed for hindering investment in Southeast Asia's biggest economy. The government of President…
China National Offshore Oil Company (CNOOC) has started oil production from its Bozhong 34-9 offshore oil field.The field, sitting in the south of the Bohai Sea in water depth of 18 meters, will at plateau produce 22,500 barrels of oil per day…
Offshore drilling rig operator Pacific Drilling is working to appeal a recent ruling according to which the company must pay $320 million to rig builder Samsung Heavy Industries.As previously reported by OEDigital, a London arbitration tribunal…
Projects worth $4.2 billion in capital expenditure (capex) are expected to get underwater offshore India this year and next, an event in Aberdeen this morning was told.The projects, across India’s Krishna Godavari (KG) Basin in the Bay of Bengal…
Decommissioning in Southeast Asia and Australia offers a US$100 billion opportunity out to 2040 with a million tonnes of steel to be removed and thousands of wells to be sealed, a business breakfast in Aberdeen was told this morning.Blair Miller…