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.
News
November 11, 2015
The Organization of Petroleum Exporting Countries is considering raising its official production target at its next meeting on Dec. 4 to take into account new member Indonesia, according to two OPEC delegates.
News
November 09, 2015
Husky Energy and its partners have achieved a significant milestone in advancing the Madura Strait BD gas-condensate field, offshore Indonesia, towards production.
News
November 09, 2015
Lundin Malaysia, a wholly owned subsidiary of Lundin Petroleum, has commenced drilling the Selada-1 exploration well in Block PM308A, offshore Malaysia.
News
November 02, 2015
Crude declined from its highest closing level in two weeks as a measure of manufacturing activity signaled contraction for a third straight month in China, the world’s second-biggest oil consumer.
News
October 29, 2015
The plunge in crude prices all but killed profits at China’s top energy producer and its largest oil refiner.
News
October 28, 2015
Cnooc Ltd., China’s biggest offshore oil and gas producer, posted a 32% decline in third-quarter sales as slumping oil prices overwhelmed a boost in production and a cut in spending.
News
October 27, 2015
Indonesia’s forest fires are cutting the country’s crude oil production and briefly shut a BP Plc gas plant this month, in the first signs the haze pollution is affecting industry.
News
October 27, 2015
GE has announced that it will invest up to $1 billion in the power, oil and gas, and healthcare sectors to support Indonesia’s accelerated economic growth.
