Blue Water Shipping signed a contract with Baku Shipyard covering the transport of two hull sections from Singapore to the newly established Baku Shipyard in Azerbaijan. Map from Blue Water…
Ophir Energy is to commission 2D and 3D seismic with a view to drilling on 2016-17 on four deepwater production sharing contracts (PSCs) in Indonesia it has now acquired from Niko Resources. Image from Ophir…
This year, Pakistan, Egypt, Jordan and Uruguay plan to begin importing natural gas via floating storage and regasification unit (FSRU) vessels. The vessels are a solution to the challenge of importing liquefied natural gas (LNG) into areas…
The latest EIC Monitor report once again shows a significant decline in the levels of contracting activity across the global upstream sector in Q1 2015. Despite the overall number of contracts being awarded dropping, the value of some is substantial…
KrisEnergy plans to develop the Wassana oil field beginning with drilling a new exploration well in Block G10/48 offshore Thailand. Wassana well projection. From KrisEnergy. The Rayrai-1 well is at a water depth of 170ft and is 2…
The Kenli 10-1 field offshore China is now online, according to China National Offshore Oil Corp. (CNOOC). Image from CNOOC. Production at the field located in Bohai Bay began on 23 April at an average water depth of 17m…
The sudden drop in oil prices is different from cycles in the recent past, said Rex Tillerson, chairman and chief executive of ExxonMobil, during his Tuesday morning keynote speech and discussion at the recently held CERAWeek. This event has been created due to oversupply…
Fifteen years ago, the energy industry was managing its costs very well, said Patrick Pouyanne, chief executive and president of the executive committee for Total SA. Now, operators should find ways to simplify its processes to return to reasonable costs…
Currently, the energy industry is focused on finding ways to master the challenges of the low oil-price cycle. To meet those challenges, first, operators must re-evaluate the future of global oil development, said OAO LUKOIL President Vagit Alekperov…
KrisEnergy’s Thai campaign success continues at its Rossukon-3ST sidetrack well that encountered 148ft of oil and gas pay. Offshore Thailand map. From KrisEnergy. The final exploration…
China's Zhuzhou China South Rail Times Electric completed a £130 million acquisition of the UK-based ROV and trenching equipment manufacturer Specialist Machine Developments (SMD), also known as Soil Machine Dynamics. Zhuzhou specializes…
Technip is to help design China's first tension leg platforms (TLPs) under a contract with joint venture partner China Offshore Oil Engineering Co. (COOEC). Image from CNOOC. The…
KrisEnergy began drilling the Rossukon-3ST sidetrack well offshore Thailand. Image from KrisEnergy. Rossukon-3ST is located in the G6/48 license that covers 566sq km over the Karawake basin…
KrisEnergy encountered oil and gas pay at the Rossukon-3 exploration well in the Gulf of Thailand. Image from KrisEnergy. Rossukon-3 is located in the G6/48 contract area that covers 566sq km over the Karawake basin…
Lundin’s first development project offshore Malaysia, the Bertam field, is now onstream, with plans to continue with production from remaining wells throughout 2015. Malaysia drilling operations…