More than 700 offshore fields are expected to cease production in the next five years, according to forecasts. Elaine Maslin reports. Two major events appeared to fire the starting gun for the UK’s offshore decommissioning market to take…
KrisEnergy has spud the East Mayura-1 exploration well in the G10/48 contract area in the Gulf of Thailand, the operator announced on 20 October. The East Mayura-1 well, offshore Thailand, is being drilled by the PV DRILLING I jack-up rig…
Singapore-based explorer KrisEnergy will proceed with the first phase of its Apsara oil field, the first hydrocarbon project offshore Cambodia, the company announced today (19 October). Phase 1A of the Apsara development, in Cambodia Block A in the Gulf of Thailand…
Subsea 7 and Sapura Energy have agreed to end their Asia Pacific focused SapuraAcergy joint venture (JV), with the JV's heavy-lift and pipelay vessel, Sapura 3000, sold to a subsidiary of Sapura Energy. The JV was set up in 2006, with SapuraCrest Petroleum…
Total E&P Malaysia has signed a 60-day contract for the Maersk Deliverer semisubmersible to drill offshore Southeast Asia, bringing the vessel out of warm stacking. The contract covers the drilling of one exploration well in the Block DW-N Sabah offshore Malaysia…
Reliance Industries has awarded OneSubsea, a Schlumberger company, an engineering, procurement and construction (EPC) contract for supply of the subsea production system for the R Cluster (Block KG-D6) Project, offshore the east coast of India…
Japan Vietnam Petroleum Co. (JVPC), a subsidiary of JX Nippon Oil & Gas Exploration, has extended its contract with a MODEC Dutch subsidiary Rang Dong MV17 BV (MV17BV), for the time charter of the FSO Rang Dong MV17. FSO Rang Dong MV17…
Royal Dutch Shell announced today (4 October) that its subsidiary, BG Asia Pacific Holdings Pte Ltd., and KUFPEC Thailand Holdings Pte Ltd., a subsidiary of Kuwait Foreign Petroleum Exploration Co. (KUFPEC), have mutually agreed to cancel…
Deep sea minerals have been seen as a potential new source for in demand metals and rare earth elements. Offshore sector firms are eyeing the potential for a new revenue stream. Elaine Maslin reports. Many are looking to a new resource…
Plexus Holdings has been awarded a contract with new customer Rosneft’s Vietnam subsidiary to supply its POS-GRIP high pressure high temperature (HPHT) adjustable rental exploration wellhead equipment for an exploration well offshore Vietnam…
CEFC China Energy is set to buy a 14.16% stake of state-owned Russian oil firm Rosneft in a US$9.1 billion deal with the consortium of Glencore and the Qatar Investment Authority (QIA). Image from Rosneft…
Global Maritime signed a memorandum of understanding (MoU) with a number of leading Taiwanese organizations to develop closer cooperation on offshore wind technologies including marine warranty surveys, inspections and testing services. From…
Empyrean Energy has encountered a new prospect, Pearl, offshore China, following recently acquired 3D seismic in the area. Map from Empyrean. The company finalized the preliminary…
CNOOC has signed a production sharing contract (PSC) with South Korea's SK Innovation for Block 17/08 in the South China Sea. Block 17/08 is in the Pearl River Mouth basin, covering a total area of 466sq km with a water depth of 100-130m…
Petrovietnam Drilling & Well Service Corp. (PV Drilling) signed a contract for use of the PV Drilling jackup rig for KrisEnergy in the Gulf of Thailand. PV Drilling I jackup. Image from PV Drilling…
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