South Korea's Korea Midland Power (KOMIPO) has cancelled plans to build a liquefied natural gas (LNG) import terminal on the western coast of the country due to high costs and declining demand for the fuel.KOMIPO said in a statement to Reuters…
Exxon Mobil intends to transfer the operations of all assets of two production-sharing contracts in Malaysia to state energy company Petronas, Exxon Mobil said on Saturday.Reuters had reported on Friday that Exxon Mobil had agreed to sell its Malaysian oil and gas assets to Petronas…
Perenco UK has completed a campaign of velocity string installations on five wells at the West Sole Charlie platform in the Southern North Sea, improving its gas production.The campaign was conducted by the Petrodec HAEVA rig and has delivered sustained production gains of around +5 MMscf/d…
Esgian provides an update on new drilling plans in Guyana and Norway in its Week 29 Rig Analytics Market Roundup.Report SummaryContractsADES has secured a 10-year contract extension for 250-ft jackup Admarine 657 offshore Saudi Arabia, commencing…
SLB beat analysts' estimates for second-quarter profit on Friday, as the top oilfield services provider benefited from steady demand for its drilling equipment and technology in international markets.Offshore exploration and production as well as drilling in international markets…
India’s Oil and Natural Gas Corporation Limited (ONGC) Videsh has signed a definitive $60 million sale and purchase agreement (SPA) with Equinor to increase its stake in the offshore Azeri Chirag Gunashli (ACG) oil field and associated pipeline in Azerbaijan…
Exxon Mobil has agreed to sell its Malaysian oil and gas assets to state energy firm Petronas, exiting the country's upstream sector where it used to be a dominant producer, two sources with direct knowledge of the matter said.The U.S. major…
Subsea controls specialist J+S Subsea has completed its first project in Canada, which involved the supply of three subsea battery-powered control systems to maintain integrity of the subsea electrical infrastructure at an offshore oil and gas field…
Norwegian offshore supply vessel company DOF Group has secured multiple contracts with Petrobras for work offshore Brazil.AHTS Skandi Jupiter and AHTS Skandi Mercury, both under management contracts with DOF, have been contracted by Petrobras…
Offshore drilling contractor Noble Corporation has set out plans to voluntarily delist from NASDAQ Copenhagen, as the listing no longer justifies the associated costs.Noble said it will remain traded on the New York Stock Exchange (NYSE), as its primary listing exchange…
U.S.-based offshore drilling company Diamond Offshore has signed a contract with BOE Exploration & Production for its Ocean BlackRhino drillship, set for work in the U.S. Gulf of Mexico.The Ocean BlackRhino was awarded a contract with a minimum…
TechnipFMC has secured a ‘large’ integrated Engineering, Procurement, Construction, and Installation (iEPCI) contract by oil and gas company Energean for its Katlan development in the Mediterranean Sea.This is Energean’s first project to use TechnipFMC’s configure-to-order Subsea 2…
Canada's Tenaz Energy on Thursday said it had entered into an agreement with NAM, a joint venture between Shell, ExxonMobil and the Dutch government, to acquire all issued and outstanding shares of NAM Offshore B.V. for 165 million euros($180…
Trinidad and Tobago's High Court on Thursday reaffirmed a decision recognizing U.S. oil producer ConocoPhillips' arbitration claim against Venezuela, which could freeze the Caribbean country's payments to its neighbor for joint natural gas projects…
Turkey will send an exploration vessel off the coast of Somalia later this year to search for oil and gas as part of a hydrocarbon cooperation deal between two countries, Turkish energy ministry said on Thursday.'We will send our Oruc Reis vessel at the end of September…