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.
News
December 10, 2014
BUENOS AIRES, Argentina (Bloomberg) -- YPF SA and Petroliam Nasional Bhd., state-controlled companies from Argentina and Malaysia, signed a $550 million deal to drill fields at the world’s fourth-largest shale oil deposit in Patagonia’s Vaca Muerta.
News
December 10, 2014
HONG KONG -- CNOOC has signed three production sharing contracts (PSCs) with KUFPEC for Blocks 52/22, 52/26 and 63/13 located in the Yinggehai basin of the South China Sea.
News
December 09, 2014
ISTANBUL (Bloomberg) -- When President Vladimir Putin said last week he was ditching a $45 billion pipeline to Europe under the Black Sea, he put forward a Plan B. Russia would build a pipe to Turkey and then ship it overland to Greece and on to the rest of the continent.
News
December 08, 2014
TOKYO -- MODEC's FPSO Cidade de Mangaratiba MV24, located in the BM-S-11 block (Iracema Sul area) in the giant 'pre-salt' region of the Santos basin offshore Brazil, has achieved first oil production in the middle of October.
News
December 08, 2014
SINGAPORE -- Goldpetrol, a jointly controlled entity of Interra Resources, has commenced drilling development well CHK 1195 in the Chauk oil field in Myanmar.
News
December 04, 2014
KURDISTAN, Iraq (Bloomberg) -- The Iraq Oil Ministry’s production accord with the Kurdistan Regional Government hasn’t resolved their U.S. court fight over a tanker of crude that has lingered off the Texas coast since July, a person familiar with the matter said.
News
December 04, 2014
KUALA LUMPUR (Bloomberg) -- Petroliam Nasional deferred a decision to build a liquefied natural gas terminal in Canada in the latest global investment setback from plunging oil prices.
News
December 03, 2014
HOUSTON -- 2H Offshore has invested in improved office facilities in Kuala Lumpur, Malaysia and Perth, Australia, to support ongoing growth in the Asia Pacific region.
News
December 02, 2014
TOKYO -- MODEC and its Brazilian partner Schahin Group have been awarded a contract for supply, charter, and operations of a FPSO vessel for the BM-C-36 block in the Campos basin by Petrobras.
News
December 02, 2014
HONG KONG -- CNOOC has commenced production at its Panyu 34-1/35-1/35-2 project located in the Pearl River Mouth basin of the South China Sea with the water depth in the range of 195 to 338 m.
News
December 01, 2014
SINGAPORE -- Marine Contracting has announced the successful move of the Cendor mobile offshore production unit (MOPU) from the Cendor field, offshore Malaysia, to Batam, Indonesia, for upgrade work en route to its eventual destination in the Wassana field in the Gulf of Thailand.
News
November 28, 2014
MOSCOW (Bloomberg) -- Lukoil's V.P., Leonid Fedun has said that the development of crude reserves on a significant scale won’t happen in his lifetime; it’s just too expensive.
News
November 28, 2014
MOSCOW (Bloomberg) -- Igor Sechin, Rosneft’s CEO and a long-time ally of Russian President Vladimir Putin, had spent $55 billion in 2013 to buy competitor TNK-BP and create a Russian oil colossus, pumping about 5% of the world’s crude.
News
November 25, 2014
SINGAPORE (Bloomberg) --- Enterprise Products Partners, which got U.S. approval to ship condensate overseas this year, is offering to export the lightly processed oil to Asia in 2015, according to three traders with knowledge of the matter.
News
November 25, 2014
ST. PETERSBURG, Russia -- Gazprom Neft has signed a number of agreements with Vietnamese companies aimed at developing cooperation between Russia and Vietnam. The documents were signed in the presence of Vladimir Putin and the General Secretary of the Communist Party of Vietnam, Nguyen Phu Trong.
News
November 25, 2014
KUALA LUMPUR, Malaysia -- As a part of a plan to restructure its business activities in Asia Pacific, Petroleum Geo-Services has decided to relocate its regional headquarters from Singapore to Kuala Lumpur. The move will result in consolidation and centralization of resources and lead to improved competitive advantage and reduced costs, all of which are important in the current challenging market.
News
November 21, 2014
BEIJING (Bloomberg) -- China has sharply cut its output target for shale, signaling the country’s drilling boom is fizzling out before it even gets going. The nation has reduced its goal for the end of the decade to a third of an earlier estimate, as difficult geology, lack of infrastructure and limited exploration rights conspire against shale-gas ambitions. Big gas import deals, a lower oil price and China’s commitment to clean energy are also weighing on shale’s promise.
News
November 20, 2014
HONG KONG -- CNOOC has made a mid-sized new discovery of Lufeng14-4 well in the Eastern South China Sea.
News
November 19, 2014
SHANGHAI -- Fosun International's wholly owned subsidiary, Transcendent Resources, has closed the acquisition of Australia's Roc Oil Company (ROC), acquiring 92.6% of ROC’s outstanding share capital worth $380 million (AUD $439 million).
