Bahrain's state-owned oil company Nogaholding plans to raise $1 billion through a dual-tranche U.S. dollar-denominated bond on Wednesday, a document by one of the banks leading the transaction showed.The deal is the first foray by a Bahraini…
The first shipment from Chevron’s Wheatstone liquefied natural gas (LNG) project in Australia has set sail for Japan. Wheatstone is Australia’s first third-party natural gas hub, which will enable future development of natural gas resources offshore Western Australia…
Chevron has started LNG production at the Wheatstone Project in Western Australia. The first cargo is on track to be shipped in the coming weeks. At full capacity, the Wheatstone Project's two train LNG facility will supply 8.9 MTPA of LNG for export to Asia…
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…
ADES International Holding, the London-listed company providing offshore and onshore oil and gas drilling and production services in the Middle East and Africa through its subsidiaries, announces the appointment of Ahmed El-Khatib as chief financial officer (CFO) with immediate effect…
Norway is still a key country for Total, its CEO Arnaud Breuillac has said after confirming the sale of company's remaining 15% stake in the Gina Krog field to Kuwait Foreign Petroleum Exploration Company (KUFPEC). Total had in 2016 agreed a deal with KUFPEC…
Kuwait Foreign Petroleum Exploration Company (KUFPEC) has agreed to acquire an additional 15% interest in the Gina Krog field from Total E&P Norge for US$317 million. The deal, via KUFPEC Norge, will see the firm gain about 34 MMboe in…
Nido Petroleum started drilling at the Galoc-7 appraisal well, off The Philippines. The Deepsea Metro I. Image from Odfjell Drilling. The Deepsea Metro I recently set sail from Malaysia for the project…
Nido Petroluem is launching a US$24 million (A$31.9 million) offer to fund drilling of an appraisal well to the Galoc discovery, offshore the Philippines. Nido is looking to raise the funds through an 11.2 for 1 pro‐rata renounceable entitlement offer of new shares at an offer price of $…
Hyperdynamics Corp. says it is set to target Guinea's 'vast and largely untested hydrocarbon potential' after having its production sharing contract (PSC) offshore Guinea extended. The company is obligated to drill one exploratory well with a projected commencement date of April 2017…
Penspen and Dar Al Handasah, operating as a joint venture, have been awarded a new project management contract by Kuwait Gulf Oil Co. to manage the engineering, procurement and construction of a new gas and condensate pipeline. The…
Coretrax, leading engineered servicing company for wellbore clean and abandonment, has secured cost savings of nearly £10 million in rig time for UK operators. Focused on improving operational efficiencies and saving rig time in wellbore clean up and abandonment operations…
Malaysia's Mitra Energy gained approval from the Prime Minister of Vietnam of the Reserve Assessment Reports for the Nam Du (Block 46/07 PSC) and U Minh (Block 51 PSC) fields, off Vietnam. Image from Mitra Energy…
Well Flow International named Osama M. Hasan Baiej as its vice president of business development for the Arabian Gulf and North Africa. Baiej has more than 15 years of experience in business development and strategy, oilfield services…
China National Offshore Oil Corp. (CNOOC) and Kuwait Foreign Petroleum Exploration Co. (KUFPEC) signed three production sharing contracts (PSC) for Blocks 52/22, 52/26, and 63/13 located in the Yinggehai basin, in the South China Sea. According to the terms of the PSCs…
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