Malaysia’s Petronas is following through with its plans to reorganize its organization in an attempt to be more resilient to the low oil price environment, which will lead to the company to appoint new leadership, and cut nearly 1000 jobs…
Efficiency gains could be made through better use of digital technologies, but the industry is still shy on the uptake. Nada Ahmed, senior consultant, DNV GL - Oil & Gas, looks at the opportunities and risks. Images from DNV GL…
Most of the news in the rig market is bad, but there are bright spots if you look hard enough. Audrey Leon sets out the details. Image from OE Staff. Not much has changed for…
Elaine Maslin examines some of the potential uses for nanoscale manufacturing in the oil and gas industry. Image provided by Repsol. Source: 'Commercial scale production of inorganic nanoparticles…
Petrobras entered into a US$10 billion financing deal with China Development Bank (CDB) that includes a trade agreement for the Brazilian giant to supply oil to Chinese companies. Image from Petrobras…
Malaysia’s Petronas is pumping the breaks on its Petronas floating LNG 2 (PFLNG 2) project after the company suffered lower revenue and profit last year due to the low oil price environment. Image of the PFLNG 1…
Private equity funded Black Platinum Energy will move ahead with its plans for appraisal and development activities to prove up its shallow gas plays in East Natuna, offshore Indonesia, despite current industry conditions. Plans include drilling one exploration well…
The government of Sri Lanka gas signed a joint study agreement (JSA) with French major Total covering two ultra-deep exploration blocks offshore its east coast. The study's objective is to explore the two offshore blocks (JS5 and JS6) for hydrocarbons…
Singapore’s KrisEnergy completed development drilling in the G10/48 and the G11/48 licenses in the Gulf of Thailand. The G10/48 license is located in the Wassana oil field, which comprises 13 producer wells and one water disposal well…
Cantex Global Logistics awarded offshore marine and engineering consultancy Aqualis Offshore a contract to provide the marine warranty surveyor (MWS) services for FPSO P67 and P70 topside modules transportation from various Brazilian ports to COOEC’s yard in Qingdao…
A total of 18 blocks are up for bid for exploration in 2016 to international oil and gas companies wanting to partner with operator China National Offshore Oil Co. (CNOOC). Map of blocks up for bid…
Solstad Offshore Asia Pacific awarded iSURVEY’s Singapore arm a marine construction support contract for Solstad's 2016 pipeline and platform installation program in Thailand, onboard the derrick lay barge (DLB) Norce Endeavour. The Norce…
Rolls-Royce signed an US$11.5 million (£8 million) contract to supply the mooring system for the world’s largest semisubmersible crane vessel (SSCV), Sleipnir. An illustration of the Sleipnir vessel…
MacGregor signed a contract to supply its Pusnes technology to the COSCO Shipyard Group in China. Upon the terms of the agreement, MacGregor will design, manufacture, deliver and commission complete Pusnes loading systems for two cargo transfer vessels (CTVs)…
Wärtsilä entered into a contract with Shanghai Bestway Marine Engineering Design Co. last month to design a new type of deepwater dive support vessel (DSV) for China state-owned company Shanghai Salvage Bureau (SSB). Image from Wärtsilä…
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