A free webinar will deliver latest forecasts and market intelligence for the global floating production industry, offering insider access to business and investment opportunities in the deepwater sector.Floating Production Systems: 2020 Forecasts & Analysis…
India’s new deepwater gas production could be under pressure from low spot LNG prices, says Wood Mackenzie.Deepwater is expected to drive India’s gas production growth, adding over 1 billion cubic foot per day (bcfd) of new supply by 2023. However…
Bankrupt Diamond Offshore Drilling Inc has sued Australian oil and gas producer Beach Energy Ltd for abruptly terminating a $65 million drilling contract.Beach Energy ended the agreement, claiming Diamond Offshore missed a 'contractual milestone to deliver the rig'…
Southeast Asia-focused oil and gas companyKrisEnergy Ltd. an upstream oil and gas company, has sold its 30.0% interest in the Andaman II block offshore Indonesia to BP.KrisEnergy said that the previously proposed disposal of the block in the Malacca Strait was completed on Wednesday…
French oil firm Total has said it has sold assets in Brunei, Liberia, and Sierra Leone for more than $400 million, as part of its plan to divest $5B worth of assets in 2019-2020 period.The divestments announced Tuesday include non-core assets…
Lebanon has postponed the deadline for submissions of applications for its second offshore licensing round once again.Lebanon had in January postponed the deadline from January 31 to April 30 to allow international firms more time to pursue administrative…
Norwegian energy intelligence company Rystad Energy has painted a bleak picture for the drilling rig market outlook in South East Asia but has also said that Malaysia's Petronas will have a large role in where the market goes. Further, the intelligence…
Norway's offshore installation company Ocean Installer has won a deal to deliver and install a subsea power cable in China, as part of CNOOC Liuhua 16-2 oil field development in the South China Sea.In what is the company's second contract in China…
India's D1 D3 offshore gas field, the country's first deepwater gas development to be brought online, has ceased production, Reliance and BP joint venture said Monday.The field, in Block KG D6 (KG-DWN-98/3), off the east coast of India, started producing gas in April 2009…
U.S. oil giant Chevron Corp is considering selling its participating interest in the Indonesian Deepwater Development (IDD) gas project, the company said on Friday, as it makes sweeping changes to cut costs and streamline operations. No final decision has yet been made…
Oil giant Shell has made a decision to invest in the second phase of its Malikai deepwater development offshore Malaysia.In an announcement on Monday, Shell's Malaysian subsidiary Sabah Shell Petroleum Company, the operator of the Malikai Tension-Leg Platform (TLP) located offshore Sabah…
Fugro reports it has completed the first deepwater autonomous underwater vehicle (AUV) site survey for Brunei Shell Petroleum Company Sdn Bhd (BSP).The survey was performed in August in water depths of 600 m using the Fugro Equator, a dedicated geophysical survey vessel…
CNOOC Ltd, the listed arm of China's largest offshore oil and gas producer, on Thursday reported a 27.9% jump in capital spending in the third quarter amid Beijing's push to boost oil and gas exploration and production.Capital expenditure at CNOOC reached 19…
CNOOC, China's largest offshore oil and gas producer, on Thursday said it would be affected by U.S. sanctions on its COSCO shipping firm but there would be no impact on its oil and gas production.'(The sanctions) will have some impact on our…
Maersk Drilling said it has secured a contract Korean operator POSCO International Corporation to operated the drillship Maersk Viking for a three-well campaign offshore MyanmarThe contract is expected to commence in the end of 2019, with an estimated duration of 154 days…
