News
February 14, 2017
Fugro has secured its continued utilization of high performance offshore IRM vessel, REM Etive, and has finalized a purchase agreement at conditions significantly more beneficial than a renewed charter agreement, with owner Solstad.
News
February 13, 2017
The multi-client FTG Program includes airborne 3D Full Tensor Gradiometry (FTG) and magnetic survey data that will be undertaken over offshore Peninsular Malaysia, Sarawak and Sabah.
News
ICON Engineering and ENRA Group form JV for Asian wellhead platforms, marginal facility developments
February 06, 2017
ICON Engineering Pty Ltd, headquartered in Perth, and Malaysian-based ENRA Group Berhad have announced the formation of a jointly owned incorporated Joint Venture, ENRA ICON Sdn Bhd, based in Kuala Lumpur, to target undeveloped Asian oil and gas fields using ICON’s range of minimal facility, wellhead platforms and self-installing production facilities.
News
January 31, 2017
West African oil producers will next month send the most crude to Asia in at least five years, the latest sign of how refineries in the world’s biggest demand region are scouring the world to replace supplies cut by OPEC’s Middle East producers.
News
January 31, 2017
Wood Group has been awarded a five-year contract with Hess Exploration & Production Malaysia.
News
January 31, 2017
Shell has reached an agreement with KUFPEC Thailand Holdings Pte Limited, a subsidiary of Kuwait Foreign Petroleum Exploration Company, for the sale of subsidiary companies Shell Integrated Gas Thailand Pte Limited and Thai Energy Co Limited, which together hold a 22.222% equity stake in Bongkot field, and adjoining acreage offshore Thailand consisting of Blocks 15, 16 and 17 and Block G12/48, for $900 million.
News
January 25, 2017
PetroChina, the country’s biggest listed oil and gas producer, said full-year net income in 2016 fell by as much as 80%, putting it on pace to report a record-low profit.
News
January 23, 2017
Russia overtook Saudi Arabia as China’s top oil supplier last year for the first time ever amid the ongoing battle for market share in the world’s biggest energy market.
News
January 20, 2017
Proserv has already secured new contracts worth more than $12 million so far this year and has revealed plans for further international growth with new bases in Saudi Arabia and India.
News
January 20, 2017
Demand from some of the most coveted oil buyers may slow this year because they didn’t purchase all that they could in 2016.
News
January 19, 2017
Cnooc Ltd. plans to raise capital spending for the first time since crude began its crash in 2014 as China’s biggest offshore oil and gas producer prepares for life after the slump and a second year of falling output.
News
January 18, 2017
Asia-Pacific's upstream sector holds up to $40 billion worth of opportunities in 2017 as oil majors continue to divest mature and mid-life assets in the region, according to a research by Wood Mackenzie.
News
January 17, 2017
China National Offshore Oil Corporation Limited announced that the Enping 23-1 oilfield has commenced production. The new field, located in the Pearl River Mouth basin of the South China Sea, is in an average water depth of approximately 90 m.
News
January 17, 2017
OPEC’s campaign to prop up oil prices is getting unlikely support from its biggest customer.
News
January 11, 2017
Saudi Arabia was said to cut February crude sales to China and southern Asian nations, while largely sparing countries including Japan and South Korea, as it curbs supply as part of a deal between OPEC and other producers.
News
January 11, 2017
Proserv and SapuraKencana Technology Sdn Bhd (SK Technology), a wholly owned subsidiary of SapuraKencana Petroleum Berhad, are joining forces to provide enhanced technology services to clients in Asia Pacific.
News
January 05, 2017
Saudi Arabia raised pricing for February oil sales to Asia and increased premiums for light grades to the U.S. as the world’s largest crude exporter prepares to reduce output to help counter a global oversupply.
News
January 04, 2017
Asia’s finally becoming a prime destination for U.S. shale gas cargoes.
News
January 03, 2017
PETRONAS’ first floating liquefied natural gas facility, PFLNG SATU moored by SOFEC, Inc.’s external turret has achieved an industry breakthrough with the successful production of its first drop of LNG from Kanowit gas field, offshore Sarawak on Dec. 5, 2016.
