Java Offshore News

 

270 Offshore Rigs Were Active in February Worldwide

Mar 06, 2020

There were 270 offshore drilling rigs in the world actively drilling for oil and gas in February 2020, a slight increase compared to January 2020 (at 268), but also a slight dip versus February 2019 (at 272). This is according to Baker Hughes' February rig counts…

Indonesia's Oil & Gas Output Set for Drop

Feb 24, 2020

Indonesia's oil and gas output is expected to contract for a fourth consecutive year in 2020, as aging fields and delays to new projects keep production levels below government targets, analysts said.The output decline comes as Jakarta proposes…

Coro Energy Pulls Out of Bulu PSC Deal

Jan 31, 2020

The Southeast Asian focused oil company Coro Energy will not be buying a share in the Bulu PSC, offshore Indonesia, citing  increased risks around the Bulu project.'The company had in September 2018 agreed to buy a 42.5% interest in the shallow water (60m) block offshore East Java…

OWC Opens Aussie Office

Nov 03, 2019

International engineering consultancy Offshore Wind Consultants (OWC) is setting up an office in Australia, as offshore wind plans in the country are moving forward.The International Energy Agency’s recently launched “Offshore Wind Outlook 2019” has identified more than 7…

Java Sea Oil Spill Clean-up Continues

Aug 08, 2019

Clean-up efforts after an oil spill from a well in Indonesia's Java Sea will take until at least March next year, state energy firm Pertamina said on Thursday as it struggles to plug the underwater leak.The spill started on July 12 when Pertamina…

KS Energy Signs Drilling Contract

Jun 12, 2019

The one-stop energy services provider to the global oil and gas KS Energy announced that a consortium of PT Java Star Rig, a joint venture of KS Drilling, and Universal Energy Resources Inc, has been awarded a contract by Eni East Sepinggan…

Indonesia Grants New Oil Blocks Contracts

Dec 27, 2018

Indonesia has announced the winner of its third bidding round that will operate oil and gas blocks in three locations, Deputy Energy Minister Arcandra Tahar, said on Thursday.The winners are Pearloil (Theralite) Ltd. for South Andaman block…

Weathering the storm

Aug 01, 2017

Infield Systems’ Catarina Podevyn surveys the FPSO market and discusses recent projects awards. The John Evans Atta Mills MV25 FPSO, operating at Tullow’s TEN project, offshore Ghana. Photo from MODEC…

Oil production ceases at Oyong field

Jul 25, 2017

Oil production from the Oyong field offshore East Java, Indonesia, ceased in June as part of the Sampang Sustainability Project, according to partner Cue Energy. As part of the project, the field’s production has been switched to natural gas only…

Mermaid wins Middle East, Asia work

May 31, 2017

Mermaid Maritime has inked US$26 million worth of contract in the Middle East and Southeast Asia. In the Middle East, the DP2 dive support vessel the Mermaid Endurer has been carrying out a 30-day project on a DSV - ROV - SAT and air…

Adding up SE Asia activity

Apr 01, 2017

Southeast Asia is expected to receive record levels of offshore investment, fueling the expansion of the region’s upstream industry. EIC’s Angeline Elias outlines the hotspots. The top five countries in 2017 leading offshore project activity in the region will be Indonesia…

Java Offshore gains Asian Geos stake

Jan 25, 2017

Java Offshore has gained a majority stake in Asian Geos Sdn Bhd, a specialist offshore geotechnical and geophysical service provider within the Asia Pacific market from both Gardline Geosciences and Helms Geomarine Sdn Bhd in a recent acquisition deal…

NZOG takes more Cue stake

Jan 17, 2017

New Zealand Oil & Gas (NZOG) entered a deal to secure a 50.01% holding in its Australian subsidiary, Cue Energy Resources. “Our controlling interest in Cue provides diversified exposure to Cue's production and exploration interests in Australia…

AWE divests Tui stake

Dec 13, 2016

Australia's AWE has sold 57.5% of its stake in the Tui area oil fields in the Taranaki basin offshore New Zealand, to Kuala Lumpur-based Tamarind Management. Subject to approvals from the New Zealand government and the Tui joint venture…

Keppel delivers latest FPSO

Oct 24, 2016

Keppel Offshore & Marine's (Keppel O&M) subsidiary Keppel Shipyard is on track to deliver a floating production storage and offloading (FPSO) vessel to Armada Madura EPC. Armada Madura is a joint venture between Shapoorji Pallonji and Bumi Armada…

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