Philippines ports and gaming tycoon Enrique Razon is acquiring a majority stake in a South China Sea gas field from a close ally of outgoing President Rodrigo Duterte, a move seen benefitting his oil exploration franchise on the Reed Bank.Razon's…
East Timor's national oil company wants to start producing natural gas from its Greater Sunrise fields by 2028 or 2030, the company's head said on Tuesday in Houston, hoping to develop the offshore project that has been stuck in limbo for decades…
Thai oil and gas giant PTT Exploration and Production Pcl said on Monday it would take over operations of the Yadana gas field in Myanmar from July following the exit of France's TotalEnergies.Oil majors Chevron and TotalEnergies in January…
Malaysia's Petronas and Japan's Mitsubishi Corp are divesting their stakes in Myanmar's Yetagun gas field, the companies said, in the latest exits by major energy companies from the country since last year's military coup.A spokesperson from…
Logistics and materials management company, ASCO, has been awarded two 5-year contracts with Mitsui E&P Australia (MEPAU) for logistics & storage and camp management provision to support the Stage 2 development drilling campaign in 2022 of the Waitsia gas field project in Australia…
South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering has said it has secured an order worth 656.1 billion KRW ($553,4 million) from Chevron to build an offshore facility for the Jansz-Io gas field development offshore Australia…
Offshore vessel owner DOF Subsea Australia has secured a contract with oil and gas company Beach Energy for the Otway Offshore Phase 5 - transport and installation project in Australia.'After collecting all permanent equipment from vendors and transportation to the offshore site…
Saipem, an Italian energy industry construction and installation services provider, has secured two new offshore contracts in Australia and Turkey totaling more than $600 million for transportation and installation activities.In Australia, Chevron…
A disruption at a gas well in Indonesia's Merakes gas field is likely to affect gas production for longer than expected, an official at the country's oil and gas regulator said on Monday.The issue, caused by a sand blockage, had been expected to be dealt with early this month November…
Australian oil and gas company Beach Energy has completed work on the Kupe compression project in New Zealand, which will allow for the gas plant, which had seen declining production in recent years, to produce at full rate from the Kupe offshore gas field…
Malaysian oil and gas firm Petronas said Tuesday its floating LNG Unit Satu had delivered its 50th LNG cargo.'The milestone cargo was successfully loaded on September 25, 2021, onto the Seri Cemara LNG carrier operated by MISC Berhad for shipment to Taiwan…
Thai oil and gas company PTT Exploration and Production Pcl (PTTEP) said last Thursday it had not yet been able to reach an agreement with Chevron about accessing the Erawan gas field in the Gulf of Thailand before it takes over the concession from the U…
Xodus won a deal for the conceptual engineering design contract for Petronas' first complete Carbon Capture and Storage (CCS) project, offshore Malaysia. The Kasawari CCS project, off the coast of Sarawak, will comprise the capture and processing…
The first deepwater gas field fully operated by a Chinese company, Lingshui 17-2, started production on Friday, the country's national offshore producer CNOOC Ltd said.The gas project, in the South China Sea, is expected to reach peak production of 328 million cubic feet of natural gas and 6…
Iran has signed a $1.78 billion contract with Petropars Group to develop the country's Farzad B gas field, Oil Ministry website SHANA said on Monday, after the failure of talks with Indian companies to develop the offshore site.Under the deal…
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