Australia-based Otto Energy may leave the Philippines to focus on its North American assets, leaving joint venture partner Red Emperor Resources with an option to takeover more stake in SC 55. Map of SC 55…
Leicester-based engineering polymer firm Nylacast is to open a new production facility in China following a £12 million (US$17.21 million) funding deal from Santander Corp. & Commercial. Nylacast supplies high performance engineering polymers and finished components to the oil and gas…
China’s CNOOC commenced production at the Kenli 10-4 oilfield, offshore China. The Kenli 10-4 oilfield is located in the South of Bohai at about 15m water depth. In addition to fully utilizing the existing facilities of Kenli 10-1 oilfield…
Dutch offshore access firm Ampelmann has won its first contract with Petra Resources, for end client Petronas, to supply offshore access services offshore Malaysia during the monsoon period. Stretching from October to February, the monsoon period is renowned for its harsh weather conditions…
From 2014 to 2040, global energy demand will increase by 25% due to population growth and economic expansion, according to ExxonMobil’s 2016 edition of The Outlook for Energy. Energy demand. Graph from ExxonMobil…
Hess Corp.’s 2016 exploration and production capital and exploratory budget has been reduced 40% compared to 2015, with the bulk of it going to offshore production, developments, exploration, and appraisals. Tubular Bells in the Gulf of Mexico…
Lundin Malaysia completed, and will plug and abandon the Bambazon exploration well in Block SB307/SB308, offshore East Malaysia. The well encountered approximately 15m of net logged reservoir pay with oil shows over three main reservoir…
Aberdeen headquartered engineering consultancy Project Development International (PDi), today announced it is under new ownership following an acquisition by Tattva International Holdings. Tattva International Holdings, based in Singapore…
Woodside Energy and partner Daewoo International have started drilling their latest exploration well offshore Myanmar just weeks after announcing a gas discovery in the region. The latest well, the Thalin-1 well in Block AD-7, was spudded 20 January…
Beijing-based China National Offshore Oil Corp. (CNOOC)’s 2016 business and development plan shows a slight reduction of about 5% when compared to 2015 due to continued challenges with low oil prices. Image of CNOOC's Golden Eagle…
Malaysia's Mitra Energy gained approval from the Prime Minister of Vietnam of the Reserve Assessment Reports for the Nam Du (Block 46/07 PSC) and U Minh (Block 51 PSC) fields, off Vietnam. Image from Mitra Energy…
Subsidiary companies within the SapuraKencana Group have been awarded contracts and extensions with a combined value of approximately US$117 million (RM503 million). Image from SapuraKencana. SapuraKencana HL Sdn…
Ezion Holdings Ltd. has secured an agreement to jointly market two service rigs being built by a Chinese state owned enterprise to support the offshore windfarm, oil and gas activities in the energy sector, announced Ezion Holdings board of directors…
Ophir Energy has appointed Dr John Bell to the position of director – Asia and Dr Oliver Quinn to the position of director – Africa and Global New Ventures. Both Bell and Quinn start their new roles with immediate effect, reporting directly to COO Dr Bill Higgs…
POSH Terasea secured a project to provide towage and positioning services for the Shell Prelude floating liquefied natural gas (FLNG) platform. As part of the project, POSH Terasea will tow the Shell Prelude FLNG over 3000nm from Samsung Shipyard in Geoje…