News
October 28, 2024
(WO) — Cnooc Ltd. posted a rise in Q3 profit after the company offset lower crude oil prices with increased output. The state-owned firm has a prominent role in raising output to meet targets for energy security, a task that has greater importance as the geopolitical landscape becomes more uncertain.
News
October 23, 2024
(WO) — Sunda Energy, an exploration and appraisal company focused on assets in Southeast Asia, gives an update on its operational and funding planning with respect to the Chuditch PSC development in Timor-Leste and an update on new business ventures.
News
October 23, 2024
(WO) — Kongsberg Maritime will supply an extensive range of equipment for a new fleet of 10 platform supply vessels (PSV) being built by Fujian Mawei Shipbuilding in China for Greek shipowner, Capital Offshore.
News
October 22, 2024
(WO) — CNOOC has commenced production on its Xijiang 30-2 Oilfield Xijiang 30-1 Block Development Project ahead of schedule. The project is expected to achieve a peak production of approximately 26,000 boed in 2027.
News
October 11, 2024
The U.S. Export-Import Bank authorized a $690 million loan to help build a petrochemical plant in Malaysia, despite objections from climate activists.
News
October 10, 2024
Thailand’s new government will restart negotiations with Cambodia to explore an offshore oil and gas field with at least $300 billion worth of reserves that the two countries have been squabbling over since the 1970s.
News
October 03, 2024
Malaysia is expanding oil and gas exploration in the disputed South China Sea despite pressure from Chinese vessels that have maintained a constant presence in waters where both sides have overlapping claims, according to a new report.
News
October 01, 2024
Kazakhstan is in talks with China about increasing gas exports and is even considering building an additional pipeline to boost flows, underscoring the growing significance of its role in the region’s fuel market.
News
September 27, 2024
The main production facilities include a new fixed production platform and three centralized subsea wellheads, with 12 development wells planned to be commissioned. It is expected to reach peak production of 162 MMcfgd and 3,931 bpd in 2025.
News
September 24, 2024
Installed by contractor McDermott on behalf of an international operator, it is the second time the firm’s TCP product has been deployed in Malaysia, after a TCP Flowline and static riser were installed at the shallow water West Lutong field for operator Petronas in 2017.
News
September 19, 2024
The main production facilities include a new deepwater jacket platform Haiji-2 and a cylindrical FPSO Haikui-1. A total of 32 development wells are to be commissioned. The project is expected to achieve a peak production of approximately 17,900 bopd in 2026. The oil property is heavy crude.
News
September 10, 2024
The Liwan 4-1 well was tested to produce 430,000 cmd of absolute open flow natural gas. The well is located in Baiyun Sag, the largest oil and gas-rich sag in the Pearl River Mouth basin, about 300 km southeast of Shenzhen, with a water depth of nearly 1,640 m.
News
September 05, 2024
A total of 43 development wells are planned to be commissioned, including 28 production wells, 14 water-injection wells and one appraisal and water source well. It is expected to achieve a peak production of approximately 9,900 boed in 2026.
News
August 28, 2024
Output rose to a record 362.6 MMboe, as Beijing pushed for increased production from its state-owned drillers to enhance energy security amid rising geopolitical tensions.
News
August 27, 2024
China’s largest oil and gas driller said production rose to 905.5 MMboe in the period. Beijing has pushed its state-owned oil giants to invest heavily in production to help the nation meet energy security goals.
News
August 23, 2024
Eni has received approval from Indonesian authorities for the development of two major gas fields, Geng North and Gehem, in the Kutei basin. The approval includes a 20-year extension for the Ganal and Rapak licenses.
News
August 23, 2024
BP Berau Ltd. (bp) and Chubu Electric Power have expanded their collaboration to explore a carbon capture and storage (CCS) value chain between Japan's Port of Nagoya and the Tangguh field in Papua Barat, Indonesia.
News
August 21, 2024
PETRONAS recently commenced its first gas production at the Kasawari field, located in Block SK316, approximately 200 km offshore Malaysia, at an initial flow rate of 200 MMcfd.
News
August 20, 2024
OceanMight announced the sail-away of three topsides and three substructures for the MLNG FaS project. The development includes the F22,F27, and Selasih gas fields offshore Malaysia.
News
August 19, 2024
The first three of the seven Nong Yao C development wells were opened up for oil production on Aug. 15, 2024, with additional wells to be brought online successively thereafter. Valeura intends to sustain Nong Yao production rates at approximately 11,000 bpd for the remainder of the year 2024.
News
August 07, 2024
CNOOC has been searching for offshore oil and gas resources in the South China Sea for decades. Multiple large-size gas fields have been discovered, namely Dongfang 1-1, Liwan 3-1, Lingshui 17-2, Baodao 21-1 and now, Lingshui 36-1. By far, the total proved gas in-place in the region has exceeded 1 Tcm.
