Fugro and CGG's joint venture business Seabed Geosolutions has won a US$70 million contract to carry out a major ocean bottom cable (OBC) contract for PETRONAS Carigali in Malaysia on the Temana and D18 fields. The project will start at the end of Q1 2014…
Petroliam Nasional Berhad (PETRONAS) has announced a new gas discovery offshore Malaysia and the award of a three year integrated offshore installation contract. Operator on Block SK320, Mubadala Petroleum, discovered gas in the Sintok-1 well…
Petronas awards integrated contracts Petroliam Nasional Berhad (PETRONAS) has announced a new gas discovery offshore Malaysia and the award of a three-year integrated offshore installation contract. PETRONAS awarded its Pan Malaysia Integrated…
The floating LNG (FLNG) market is poised for increased investment and activity from 2014 to 2020, with Douglas-Westwood forecasting total expenditure of US$64.4 billion in its new market report. Two-thirds of this spend is attributed to liquefaction infrastructure…
Laissez les bons temps rouler. Deep in the heart of Louisiana oil country, US representatives from two Asian trade organizations made the case for local investment at the 2013 Louisiana Gulf Coast Oil Exposition (LAGCOE), held in Lafayette…
Transboundary may head to committee The US Senate bill ratifying the US-Mexico Transboundary Hydrocarbon Agreement, S. 812, is reportedly on its way to a conference committee. The Senate’s version of the bill, passed last month (October)…
Two countries – Malaysia and Indonesia– hold nearly two-thirds of the region’s reserves, and national oil companies outstrip international oil companies in regional capex. According to the Infield Systems Offshore Asia Oil & Gas Market Report to 2017…
On 27 Sept 2013, Malaysia's Petroliam Nasional Berhad (Petronas) announced the award of a new Engineering, Procurement, Construction, Installation, and Commissioning (EPCIC) contract to a joint venture between France's Technip and Malaysia Marine and Heavy Engineering Sdn Bhd…
Newfield Exploration Co., based in The Woodlands, Texas, today announced the signing of a share purchase agreement to sell all of its equity interests in Newfield Malaysia Holdings to SapuraKencana Petroleum Berhad for a total cash consideration of US$898 million…
Carigali Hess Operating Company Sdn. Bhd. awarded Allied Marine & Equipment Sdn. Bhd. (AME) a contract to provide subsea inspection to Carigali Hess’ facilities. AME is a subsidiary of Malaysia’s SapuraKencana Petroleum Berhad. Within the terms of the contract…
Lundin Petroleum subsidiary Lundin Malaysia won the approval of its Bertam field development plan from Malaysia's Petronas. The Bertam field marked Lundin’s first development project in the country. Bertam, located about 100 mi offshore Peninsular Malaysia in PM 307…
The Caspian Sea is a land-locked interior basin with established oil and gas production that has seen increasing activity since the bordering nations gained independence from the former USSR in the late 1990s. Five nations surround the sea: Russia…
Eni successfully completed the Evans Shoal North-1 appraisal well in the Evans Shoal gas field in the Timor Sea, Australia. The field is located offshore in the NT/P48 exploration permit in the north Bonaparte Basin, approximately 300km northwest of Darwin…
JX Nippon Oil & Gas Exploration Corp. entered into a production sharing contract (PSC) for deepwater block 2F offshore Sarawak with Petroliam Nasional Berhad (Petronas) effective September 19. Deepwater block 2F is located in the northwest of Sarawak…
Ernie Delfoes, managing director of Eni’s Australian division, announced that the company plans to spend up to US$230 million drilling in the Timor Sea over the next 18 months. On April 13, Eni was awarded an exploration production sharing contract in the Timor Sea…
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