PT Medco Energi Internasional Tbk (MedcoEnergi) has completed the acquisition of ConocoPhillips Indonesia Inc. (CIIL) and ConocoPhillips Singapore Operations (CSOP), both subsidiaries of ConocoPhillips (COP). CIIL is the operator of the…
In this video from Shell, the supermajor shows its efforts, along with six other major oil and gas companies, to invest US$1 billion to reduce methane emissions and accelerate deployment of carbon capture utilization and storage. The companies…
Electromagnetic Geoservices (EMGS) has entered into a firm contract with an oil company in Malaysia, confirming the provisional agreement announced oN 1 November 2016. The contract extension is worth approximately US$8 million and relates to a 3D EM data acquisition offshore Sabah…
Malaysia’s Petronas has achieved first gas from its first floating liquefied natural gas (FLNG) facility, PFLNG SATU earlier this week (14 November) from the Kanowit gas field, offshore Sarawak. Image of the PFLNG SATU…
South Korea's Hyundai Heavy Industries (HHI) is following through with part of its improvement plan that will see the company split into four. Image from HHI. Under the company’s plan…
Austal Ltd. has delivered its second high speed crew transfer vessel this year, to Swire Pacific Offshore (SPO). The 57.6m, all-aluminium catamaran was designed by Incat Crowther and constructed by Austal’s shipyard in the Philippines. It…
Oil markets could be in for another bumpy ride, a new report from the International Energy Agency (IEA) says. The agency’s report also says that a true global gas market is upon us, in addition to the need to invest US$44 trillion in the global energy supply…
Singapore-based Sembcorp Marine entered into an agreement to sell its 30% stake in Cosco Shipyard Group (CSG) in a US$156 million (S$220.68 million) deal with China Ocean Shipping Group Co. (COSCO), eliminating the majority of Sembcorp’s interest in CSG…
The 2016 development drilling program offshore southern Vietnam on the Te Giac Trang (TGT) Field of Block 16-1 has commenced, announced SOCO. The infill wells, TGT-27P and TGT-28P, will be batch drilled with the first well spudded on…
Keppel Corp. has entered a deal with fellow Singaporean company, KrisEnergy, to invest up to US$101 million (S$140 million), and raise its stake in the oil and gas company. Image from KrisEnergy…
Novenco has signed a contract with Singaporean contractor SMOP for delivery of HVAC equipment of air handling units (AHUs), fans and cooling equipment for the construction of the three platforms in the Culzean gas field in the UK sector of the North Sea…
Daniel Sack, of EMAS Chiyoda Subsea, has spent three decades in the oil and gas industry following and participating in the next big step changes in technology – one subsea project at a time. Audrey Leon found out more. Daniel…
Mozambique’s emerging LNG business may be picking up after a quiet period. John Sheehan reports on progress made, including Eni’s Coral FLNG project. An Anadarko employee. Images from Anadarko…
Mubadala Petroleum has reached agreement with Petrofac for the modification and extension of contracts related to the FPF-003 floating production, storage and offloading vessel (FPSO), which continued extension of the Jasmine development’s field life…
EMAS Offshore announced net loss of US$265.3 million for the full year ended 31 August 2016 due to revenue decline in its offshore support vessel (OSV) unit. Net loss for the three months ended 31 August 2016 stood at $98.5 million.The group recorded revenue of $167…
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