PTTEP Sabah Oil Limited, a Malaysian subsidiary of the Thai oil company PTTEP, has awarded a six-year contract extension for the FPSO Kikeh, operating in deep waters offshore Sabah, Malaysia.The charter extension news was shared this week by Malaysia's MISC…
Marine seismic survey services contractor Shearwater GeoServices has secured contracts for two multicomponent surveys offshore Western Australia with the oil and gas company Santos.The two-month program covers the Keraudren North Extension with an area of approximately 680 sqkm in the Bedout Basin…
Thailand mobilized its navy and other agencies on Wednesday to contain an oil spill after an estimated 160,000 liters (35,195 gallons) leaked from an undersea pipeline about 20 km (12.4 miles) off its industrialized eastern seaboard.The leak…
Thailand's state oil and gas explorer looks set to take over Myanmar's biggest gas field, as TotalEnergies and Chevron Corp exit in the wake of last year's coup in the Southeast Asian state, analysts say.A move by PTT Exploration and Production Pcl (PTTEP) to become operator of Yadana field…
UK-based subsea rental equipment and solutions specialist Ashtead Technology has signed a multi-year reseller agreement with Norway-based NORBIT Subsea, a provider of tailored and innovative technology solutions to the global maritime sector…
West Africa-focused Tullow Oil expects its 2021 free cash flow to come in higher than previously forecast at $250 million and expects this year's cash flow to come in at $100 million at an oil price of $75 a barrel, it said on Wednesday.Tullow…
ONGC Videsh Limited (OVL), a subsidiary of Indian national oil firm ONGC, has said it has entered a development stage for a deepwater gas project in Brazil.The company had registered a major gas discovery in 2019 in its deep offshore block BM-SEAL-4…
Malaysia on Wednesday charged an official at Norway's largest oil services provider Aker Solutions, accusing him of using false documents to secure a license renewal, according to the company and a court charge sheet.Mohd Yusof Ab Rahman, 54…
Oil and gas company Neptune Energy said Wednesday that output from its Gjøa platform offshore Norway had increased by two million barrels of oil equivalents (boe) from 2020 to 2021.Gross production over the Gjøa platform ended on 42 million boe in 2021…
Tanzania has appointed a U.S.-based law firm as its transaction advisor for negotiations with energy companies over the construction of a liquefied natural gas project, valued at $30 billion, the state oil company said.Construction of an LNG…
Brazilian oil firm Enauta has cut investment in the Santos basin's Atlanta field, as it decides whether to involve new partners in the asset, the company's president, Décio Oddone, told Reuters.After a review of the project's concept, based on lessons learned…
UK-based offshore services business OEG Offshore said Tuesday it had acquired Manor Renewable Energy for an undisclosed fee, in a move to expand its renewables capability.The company said that the acquisition of the temporary power, engineering and vessel business…
Hess Corp said on Tuesday it expects its 2022 capital budget for production to rise 37% as the oil company looks to focus on its operations in Guyana and the U.S. Bakken shale basin.A more than 50% rise in global crude prices in the past year…
German Chancellor Olaf Scholz said last week that Germany may consider halting the Nord Stream 2 pipeline if Russia attacks Ukraine, reflecting growing political pressure on the Gazprom-led project.Russia has massed troops on the Ukrainian border but denies it is planning an attack…
Shell has made a significant oil and gas discovery at a closely-watched offshore well in Namibia which could spark a wave of investment in the southern African country, three industry sources told Reuters.Namibia is not a fossil fuel producer…
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