CGG announced its award by PETRONAS of a contract to acquire and process a 10,000sq km, 3D seismic survey program offshore Sabah and Sarawak in Malaysia using BroadSeisTM. The survey started in August and is due to last five months. The survey…
“Rumours of the IOCs demise are premature”, said Shell’s upstream director Andy Brown to a crowded lunch discussion on the roles of IOCs, Independents and NOCs yesterday. Brown said as NOCs are now operating outside their home countries…
The Kanowit FLNG facility is under construction at Daewoo Shipbuilding & Marine Engineering (DSME) in Okpo, South Korea, where first steel was cut in June. Petronas Floating LNG 1 (Labuan) Ltd. signed a US$771million contract for engineering…
Brazilian oil firm OGX, an EBX Group company, could face significant challenges in securing future investments and partnerships in the country, after its operations in the Tubarao Azul field yielded less-than-expected production rates, says an analyst with GlobalData…
OGX Petróleo e Gás Participações S.A. (OGX)), received the Installation License to begin activities related to the development of oil production in BM-C-39 and BM-C-40 blocks, in the Campos Basin. The license was granted by the Brazilian…
Malaysia's national oil and gas company Petroliam Nasional Bhd (Petronas) projected to make a final investment decision on a floating liquefied natural gas (FLNG) project for the Rotan field in Block H, offshore Sabah, in 2H 2013. The Malaysian Business Times reports that once sanctioned…
Petronas Carigali, E&P subsidiary of Malaysia’s national oil company, extended the contract for the jack-up Maersk Convincer by one year. The rig will be on contract with Petronas until mid-November 2014. As part of the drilling campaign offshore Malaysia…
RWE in Suriname RWE Dea signed a farm-in agreement with Petronas Suriname E&P BV, acquiring 40% interest in Block 52 off Suriname. The block is in the Guyana-Suriname Basin 120km off the northeast coast of South America in 100-1,000m deep water and has potential in Upper Cretaceous strata…
Sabah Shell Petroleum Co. Ltd. received a semisubmersible floating production system (FPS) for Malaysia’s Gumusut-Kakap deepwater field offshore Sabah. The FPS was handed over to Sabah Shell in early June and is installed in about 1200m water depth…
A semisubmersible floating production system for Malaysia’s Gumusut-Kakap deepwater field was delivered to be installed at the project development site offshore Sabah. The Gumusut-Kakap field is Malaysia’s second deepwater development after the Kikeh oil field…
RWE Dea has signed a farm-in agreement with Petronas Suriname E&P BV, acquiring a 40% interest in the Block 52 license off Suriname. Under the farm-in agreement which is subject to completion, RWE Dea will acquire a 40% stake in the 4743sq km license…
Brazilian independent OGX Petróleo e Gás Participações S.A. (OGX), has entered into an agreement with PETRONAS Brasil E&P Ltda (Petronas) to sell a 40% non-operating work interest in BM-C-39 and BM-C-40 blocks, located in the Campos Basin…
As FLNG starts to take off on a large scale, a consortium of companies is looking to make it a more cost effective and compact proposition. A consortium of companies has designed a new floating LNG (FLNG) system specifically aimed at small to mid-size gas fields…
E&P companies are ramping up exploration of deepwater and ultra-deepwater reservoirs, encouraged by attractive oil prices. New developments spread across offshore Africa, Asia Pacific, Europe, Middle East and North and South America. Jeannie…
Lebanon's Petroleum Administration has revealed the results of a pre-qualification process to select companies who will be able to bid in its first offshore exploration round. Of 54 companies applying to take part, 46 have been approved to bid in the round…
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