Indian oil and gas explorer ONGC said Monday it had, together with Coast Guard, helped avert a possible disaster relating to an empty LPG Tanker ‘Gas Yodla’ which went adrift after engine failure in the Arabian Sea on July 24, 2021. 'At 6:35 PM on that day…
Bangladesh is canceling another tender to import liquefied natural gas (LNG) in December, as it received one offer to supply the shipments that were too expensive, a senior energy ministry official said on Friday.The offer from the Asian unit of Vitol to supply 138…
Singapore-based oil and gas company KrisEnergy has suspended production from its Wassana oil field in the Gulf of Thailand citing Covid-19 pandemic and low oil prices. It will cut its Thailand workforce by 25 percent, too.'In view of the many…
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…
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…
Exploration and production (E&P) companies are expected to enter 2020 with measured optimism for offshore exploration prospects, after 2019 delivered a moderate increase in exploration drilling and not-so-moderate rise in licensing activity…
UK-based provider of mass flow excavation services Rotech Subsea Ltd. has announced that it has signed an agreement to undertake a major seabed preparation scope for United Arab Emirates-based ULO Systems.The preparatory work will precede the installation of 12…
The Asia-Pacific offshore oil and gas industry has begun to emerge from the recent global downturn, but remains among the regions where the road to recovery has been particularly slow.“Australia has seen positive news on new liquefied natural…
Singapore-based upstream oil and gas company KrisEnergy has shut-in its producing Wassana oilfield off Thailand due to tropical storm Pabuk that entered the Gulf of Thailand.Southeast Asian company said in a press note that as a safety precaution due to Tropical Storm Pabuk…
Wood Mackenzie Research Director, Angus Rodger, provides insight on a of UK-listed Ophir Energy by Indonesia's Medco Energi.'On the first day of 2019, Ophir announced it was in talks with Indonesia's Medco Energi regarding a cash takeover. No amount or other details have yet been released…
While Southeast Asia has suffered during the downturn, a return to natural gas developments could drive sector activity over the next several years. Steve Hamlen sets out the details. Shell’s Gumusut-Kakap platform operating off the coast of Sabah…
State oil firm Petrobangla has signed a production sharing contract with South Korea's Posco Daewoo Corp. for deep sea block DS-12 in the Bay of Bengal. The agreement includes a commitment to carry out 2D and 3D seismic surveys, within the first three years…
Chevron Corp. has appointed Stephen W. Green as its new president of Chevron Asia Pacific Exploration and Production effective 1 April 2016. Green, 58, succeeds Melody B. Meyer who is retiring from Chevron after 37 years of distinguished service to pursue other opportunities…
Singapore's KrisEnergy has doubled its production of oil and gas in four fields in the Gulf of Thailand, in addition to one onshore gas field in Bangladesh. Together, production stood at 19,935 boe/d as at 1 January 2016. According to KrisEnergy…
Despite a current pause in commitments to new projects, the capital expenditure (capex) for FLNG vessels is expected to amount to US$35.5 billion over 2015-2021, says a new report by Douglas-Westwood (DW) entitled 'World FLNG Market Forecast 2015-2021…