BP & RIL plan US$5 billion investment on KGD6KG D6 onshore facilities (Image: Niko Resources Ltd.)Reliance Industries Ltd. (RIL) and KG D6 block partner BP plan to invest US$5 billion in the deepwater gas development over the next three to five years…
Italian major, Eni S.p.A., announced results for fourth-quarter and full-year 2012 on Friday, 15 Feb 2013. Operational highlights include: Record amount of discovered resources in the year: 3.64 bboe; Proved reserves at eight-year record: 7…
QCLNG modules arriving New onshore field discoveries rich in natural gas and condensate in the Australasian region are giving rise to increased investment in liquefied natural gas (LNG) facilities. This new construction will address the…
Seadrill will manage tender rigs outside Asia West Vencedor (Photo: Seadrill)Norway's Seadrill Ltd. completed the sale of its tender rig business to Malaysia's SapuraKencana Petroleum Bhd. for $2.9 billion, the company confirmed on 11 February 2013…
McDermott will supply platforms and flowlines McDermott's Batam Island facilitiesMcDermott International's Indonesian subsidiary has been awarded a contract by PC Muriah Ltd., an affiliate of PETRONAS Carigali Sdn. Bhd., to develop offshore…
Red Spider’s remote open close technology, eRed, has been deployed in Malaysia and Vietnam. Working with Petronas in Malaysia, eRed removed wireline runs from completion operations, and reduced wireline interventions in a highly deviated well…
BC Petroleum (a ROC, Dialog Group and Petronas venture) discovered 87m of hydrocarbon pay in multiple zones of the Balai-2 well off east Malaysia. Drilled to 2266m TD, Balai-2 targeted a shallow carbonate reservoir and a deeper series of stacked sandstone reservoirs…
As oil and natural gas production continues to fluctuate at a level well below demand, John Mueller looks at New Zealand’s growing need to aggressively explore the nation’s vast and extensive offshore sedimentary basins.Taranaki Basin, located along the west coast of New Zealand’s North Island…
Although Papua New Guinea has a strong economy resulting from exploitation of its extensive petroleum deposits and abundance of other natural resources ranging from minerals to forest products, the nation is one of the least developed countries in the Asia Pacific region…
Saipem and JGC fight for Abadi FLNG contract Click to view largerSubsidiaries of Saipem and JGC Corp. have won FEED contracts for Inpex's Abadi FLNG facility off Indonesia, Inpex announced on 23 January 2013.PT Saipem Indonesia and PT…
Due diligence period extended to February 8 West Vencedor (Photo: Seadrill)Seadrill and SapuraKencana have extended the validity period of its non-binding agreement to fold Seadrill's tender rig business into SapuraKencana Petroleum Bhd…
Chevron signs up for South China Sea acreageChevron China and China National Offshore Oil Corp. (CNOOC) have entered into production sharing contracts (PSC) for two exploration blocks in the South China Sea, the company announced on 16 January 2013…
EMGS wins contract for 3D EM data acquisitionBOA Thalassa vesselEMGS has received a Letter of Intent for a contract totaling approximately six months of 3D EM data acquisition in Asia. Final confirmation and award of the program is dependent on the customer's internal Tender Board approval…
Ex-Saipem CEO appointed Samsung Offshore COO Michel LaineSamsung Engineering has appointed Michel Lainé as chief operating officer of its newly established offshore segment, effective December 20, 2012.Lainé’s career in offshore began in 1982 with ETPM…
InterMoor opened a new mooring equipment yard at Loyang offshore supply base in Singapore. The facility provides storage and support for maintenance, preparation and mobilization.
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