News
December 29, 2014
KUWAIT -- Kuwait Energy (70% and operator) and Dragon Oil (30%) has made its second oil discovery at Block 9, Iraq.
News
December 29, 2014
SINGAPORE -- Otto Marine's shipyard division has sold an Anchor Handling Tug Supply vessel (AHTS) to a renowned unrelated third party for $100 million.
News
December 29, 2014
MOSCOW, Russia -- Lukoil and Rosneft Petroleum have signed a package of legally binding documents regarding the sale of Lukoil’s interest in National Oil Consortium (NOC), in Moscow.
News
December 26, 2014
TOKYO, Japan -- JX Nippon Exploration and Production (UK), a wholly owned subsidiary of JX Nippon Oil and Gas Exploration Corporation has been provisionally awarded seven of the newly announced blocks in the UK Continental Shelf 28th Offshore Oil and Gas Licensing Round.
News
December 26, 2014
MOSCOW, Russia -- Bashneft and Emerson Process Management have signed a long-term memorandum of cooperation on the development of systems for comprehensive automation of industrial facilities.
News
December 24, 2014
HOUSTON -- Noble Energy and its partners in the Leviathan field were advised by the Israel Anti-trust Authority of its decision to not submit the Consent Decree to the Anti-trust Tribunal for final approval. In response, Noble Energy and partners have requested a hearing on the topic with the Anti-trust Authority, which Noble Energy expects to occur in the next few weeks.
News
December 22, 2014
LONDON -- BP and SOCAR have signed a new Production Sharing Agreement (PSA) to jointly explore for and develop potential prospects in the shallow water area around the Absheron Peninsula in the Azerbaijan sector of the Caspian Sea.
News
December 22, 2014
JUBA, South Sudan -- CNPC and South Sudan's Ministry of Petroleum and Mining signed an MOU on EOR cooperation in Juba, the capital of South Sudan, on Dec. 17. According to the MOU, CNPC will utilize its EOR technology to work with the operators of three blocks to increase crude production in South Sudan, and provide relevant training to technicians from the Ministry of Petroleum and Mining.
News
December 19, 2014
EL DORADO, Arkansas -- Murphy Oil Corporation's wholly owned subsidiaries, Murphy Sabah Oil Co., Ltd. and Murphy Sarawak Oil Co., Ltd., have closed on the first phase of the sale of 30% of Murphy's Malaysian oil and gas assets to PT Pertamina Malaysia Eksplorasi Produksi.
News
December 18, 2014
HOUSTON – At a time when most oil companies are cutting budgets and scaling back E&P spending, Cairn India held supplier summits in Calgary and Houston to invite international oilfield service companies and equipment manufacturers to help the company with E&P projects in India, offshore Sri Lanka and South Africa.
News
December 17, 2014
SINGAPORE -- Nordic Maritime Pte. Ltd., an offshore service operator, has been awarded a contract to provide 2D seismic survey work in Indonesia by MultiClient Geophysical (Pte) Ltd.
News
December 17, 2014
KUALA LUMPUR -- 2H Offshore will deliver a lightweight conductor-supported platform for EQ Petroleum Developments Malaysia, a subsidiary of EnQuest, for installation in the Tanjong Baram field, offshore Malaysia.
News
December 16, 2014
SYDNEY (Bloomberg) -- Strategic stockpiling will drive China’s crude demand as the world’s second-largest oil consumer takes advantage of the lowest prices in more than five years, according to Macquarie Group Ltd. More than half of the country’s incremental oil demand over the next two years will be related to building emergency reserves, Macquarie said in a report distributed Dec. 16.
News
December 15, 2014
SINGAPORE -- Vallianz Holdings has secured a time charter award worth $97 million with one of the world’s largest national oil companies in the Middle East (NOC).
News
December 15, 2014
SINGAPORE -- Swiber Holdings has made its first foray into the offshore oil and gas market in West Africa by securing an award from a Houston-based oil and gas company to provide Engineering, Procurement, Construction, Installation and Commissioning (EPCIC) services for an offshore field development project.
News
December 15, 2014
KUALA LUMPUR, Malaysia -- Bumi Armada Berhad has announced that its wholly-owned subsidiary Bumi Armada Offshore, together with its JV company PT Armada Gema Nusantara, has been awarded a contract to supply one FPSO for the Madura BD field, issued by Husky CNOOC Madura.
News
December 12, 2014
LONDON (Bloomberg) -- The number of supertankers sailing to China jumped to a record in ship-tracking data amid signs that the oil-price crash is spurring the Asian nation to stockpile.
News
December 12, 2014
ABERDEEN, United Kingdom -- Bibby Offshore has appointed Pete Hughes as Interim Managing Director, Asia Pacific, effective immediately. Hughes currently serves as Bibby Offshore’s Strategic Delivery Director and takes over the role from Darren Morgan who has left to pursue opportunities outside the group.
News
December 12, 2014
SINGAPORE -- InterOil Corporation has made a discovery at the Bobcat-1 exploration well in PPL476.
News
December 11, 2014
BAGHDAD, Iraq (Bloomberg) -- Iraq said its decision to deepen the discount for January sales of its main crude to Asia provides no support for claims that producers are waging a price war. Pricing for next month’s shipments of the Basrah Light grade to Asia is “based on the market structure for both oil products and crude oil,” Iraq’s Oil Marketing Co. said Dec. 11 in an emailed statement. “The widened contango in crude oil prices in Asia was the major reason behind the cut.”
News
December 10, 2014
CORNWALL, United Kingdom -- LM Handling, an Acteon company, has provided handling expertise and equipment to support Acteon sister company, InterMoor, in the successful mooring installation of a FPSO unit for the China National Offshore Oil Corporation (CNOOC) operated Enping 24-2 oilfield in the South China Sea.
