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).
News
July 13, 2015
Speculators retreated from bullish oil bets at the fastest pace since 2012 on mounting concern that economic turmoil in Europe and Asia will prolong a supply glut.
News
July 07, 2015
China is offering six oil and gas blocks in the resource-rich province of Xinjiang to non-state companies, extending the bids beyond state-owned explorers.
News
July 06, 2015
Crude tumbled the most in five months amid mounting concern about economic stability in Europe and Asia.
News
July 06, 2015
Bibby Offshore’s Asian division, Bibby Offshore Singapore (BOS), has expanded its foothold in the Southeast Asian oil and gas sector by securing a series of contracts in the first half of 2015.
News
July 06, 2015
Brent slid below $60/bbl for the first time since April amid mounting concern about economic stability in Europe and Asia.
News
July 03, 2015
Videocon Industries Ltd., an Indian maker of consumer electronics with ambitions to become a major energy producer, plans to invest as much as $2.5 billion over three years in Brazilian oilfields, Chairman Venugopal Dhoot said.
News
July 02, 2015
Offshore marine and engineering consultancy Aqualis Offshore is to open an office in Busan, South Korea, following increased demand for the company’s services.
News
July 02, 2015
China is wary of expanding energy investments in Russia because closer ties with the Kremlin could harm its relations with the U.S., according to a former researcher at China’s biggest offshore explorer.
News
July 01, 2015
Russia is set to strengthen its position as the biggest oil supplier to China in the coming decade with a planned second pipeline link to Chinese refineries, according to a unit of Fitch Group Inc.
News
June 30, 2015
CNOOC Limited’s Bozhong 28/34 oilfields comprehensive adjustment project has commenced production. The Bozhong 28/34 oilfields are located in Bohai, with an average water depth of approximately 22 m.
News
June 29, 2015
Otto Marine Limited has announced that in the second quarter of financial year 2015, the group secured new orders worth $131 million, primarily contributed by the chartering business.
News
June 24, 2015
Vertechs Oil & Gas Technology has launched the “HydroGRS Casing Guiding Tool” which is designed to assist in getting the casing successfully to bottom in difficult environments resulting in time and cost savings.
News
June 23, 2015
Russia surpassed Saudi Arabia to become China’s top crude supplier as the fight for market share in the world’s second-largest oil consumer intensifies.
News
June 22, 2015
BP Plc’s $750 million purchase of a Siberian oilfield stake is as much a bet on China as it is on Russia.
News
June 10, 2015
Chinese national oil companies (NOCs) are assessing how best to optimize their diverse supply portfolios as gas demand disappoints, leading to an oversupplied market with weaker prices.
News
June 08, 2015
Mitra Energy, through its subsidiary operating company Mitra Energy (Vietnam Phu Khanh), commenced 3D seismic survey acquisition operations in the Block 127 PSC area, offshore Vietnam.
News
June 05, 2015
Indonesia is seeking a long-term oil supply deal with Iran in anticipation of a possible end to sanctions against the Persian Gulf nation over its nuclear program.
News
June 04, 2015
Global natural gas use will rise at a slower pace than previously forecast amid lower-than-expected growth in Asian demand, said the International Energy Agency, cutting its outlook for a third consecutive year.
News
May 27, 2015
CNOOC Limited has reported a mid-sized discovery, Liuhua 20-2, in the Eastern South China Sea.
News
May 22, 2015
Petronas has reached a significant milestone in its upstream operations in Indonesia with first oil achieved from Bukit Tua field on May 17.
