News
August 27, 2015
Tap Oil has formalized its entry into Myanmar following the signing of the Production Sharing Contract (PSC) for the shallow water Block M-7 in the Moattama basin.
News
August 26, 2015
Cnooc Ltd., China’s biggest offshore oil and gas explorer, posted a 56% decline in profit for the first half of this year.
News
August 26, 2015
Oil swung between gains and losses in New York as further declines in China’s stock market fanned concern that its fuel demand may slow while global crude markets remain oversupplied
News
August 18, 2015
Primeline Energy Holdings has entered into a turnkey drilling contract with China Oilfield Service Ltd. (COSL) for its 2015 exploration programme of two wells in Block 33/07 in the East China Sea.
News
August 17, 2015
KrisEnergy Ltd. has initiated oil production from the Wassana oil field in the G10/48 concession in the Gulf of Thailand.
News
August 17, 2015
After showing some short-lived optimism, hedge funds resumed their retreat from the U.S. oil market, cutting bullish positions for the seventh time in eight weeks as prices dropped to the lowest since 2009.
News
August 14, 2015
Oil’s slump gathered momentum, with U.S. crude extending losses at a six-year low on concern weakness in China’s economy will exacerbate the global glut. Japanese stocks resumed declines, while the yuan advanced offshore.
News
August 10, 2015
Oil advanced from the lowest closing level in six months in London, as China imported recorded volumes of crude and some OPEC members discussed the possibility of an emergency meeting.
News
August 07, 2015
Electromagnetic Geoservices has received a letter of award (LOA), for a contract worth approximately $4.2 million, from an oil company for 3D EM data acquisition over their operated area in Malaysia.
News
August 07, 2015
Bluewater Energy Services has been awarded a contract from Hyundai Heavy Industries (HHI) for the engineering, procurement, construction and integration (EPCI) of a major turret and mooring system for the Rosebank FPSO.
News
August 06, 2015
Aqualis Offshore, part of Aqualis ASA, has been contracted by Mekers Offshore Ltd. to supervise the construction of the Zhejiang-based company’s two new liftboats.
News
July 29, 2015
Sparrows Group has expanded into the Malaysian market after forming a strategic partnership with a local service provider in the region, Efficient Technology Sdn Bhd (Eftech), as part of the company’s plans to treble business in Asia Pacific over the next five years.
News
July 28, 2015
Technip has been awarded an engineering, procurement, construction, installation and commissioning contract by Petronas Carigali for the tie-in of the PFLNG1 facility to the KAKG-A platform in Kanowit field.
News
July 28, 2015
Asian oil buyers, already sucking in barrels from as far away as Alaska and Mexico, are anticipating more bargains when Iran finally returns to world markets.
News
July 27, 2015
A Chinese court allowed a lawsuit by a domestic non-governmental organization against Cnooc Ltd. and ConocoPhillips over the Bohai Bay oil spill in 2011, in what may be one of the first tests for the government’s new environmental-protection laws.
News
July 24, 2015
Tendeka has signed a two-year agreement with Eternal Asia Supply Chain Management for the exclusive supply of its FloSure autonomous inflow control devices (AICDs) in China.
News
July 24, 2015
China repeated a call Friday for talks with Japan over joint development of gas and oil resources in contested waters in the East China Sea.
News
July 22, 2015
Japan’s foreign ministry unveiled a map and photographs of what it said were 16 Chinese marine platforms close to Japan’s side of the disputed East China Sea.
News
July 22, 2015
ConocoPhillips ended talks with PetroChina Co. on a shale gas development in the country after a two-year study.
News
July 21, 2015
CNOOC Ltd. has announced that the Luda 10-1 comprehensive adjustment project has commenced production.
News
July 20, 2015
Vallianz Holdings Limited has signed new contracts valued up to $458 million that has lengthened the charter duration for 19 of its offshore support vessels (OSV) currently deployed to an existing customer in the Middle East, which is one of the world’s largest national oil companies (the NOC).
