News
February 21, 2025
CNOOC has commenced production from the Luda 5-2 North Oilfield Phase II Development Project. Located in the central part of the Bohai Sea, the project is expected to achieve a peak production of approximately 6,700 barrels of oil equivalent per day (boed) in 2026.
News
February 18, 2025
Malaysia’s state-owned oil company Petronas (Petroliam Nasional Bhd) is in talks with banks for a potential $1 billion loan to fund a liquefied natural gas (LNG) project, according to people familiar with the matter.
News
February 07, 2025
CNOOC announced that Bozhong 26-6 Oilfield Development Project (Phase I) has commenced production. A total of 33 development wells are planned to be commissioned, with expected peak production of approx. 22,300 boed in 2025.
News
February 05, 2025
McDermott has completed transportation, installation, and commissioning activities for the Kikeh subsea gas lift project in under eight months. The Kikeh field first came on stream in 2009 as one of Malaysia's largest deepwater developments.
News
January 28, 2025
The Sipitang Oil and Gas Industrial Park (SOGIP) is set to officially launch in early February in Sabah, Malaysia. A partnership between Gibson Shipbrokers and SOGDC, the project will generate around 1,600 jobs and support the region's energy demand.
News
January 22, 2025
(Bloomberg) – China’s Cnooc Ltd. said it’ll keep spending flat in 2025, while revising its output targets lower. The country’s biggest offshore oil and gas explorer produced about 720 million barrels of oil equivalent in 2024, according to statement.
News
January 21, 2025
CNOOC has announced that Dongfang 29-1 Gas Field Development Project has commenced production. The project is expected to achieve a peak production of 38 million cubic feet of natural gas per day in 2025.
News
January 14, 2025
Indonesia Energy Corporation (IEC) announced that IEC senior management will hold an investor update conference call on Tuesday, Jan. 21 to provide an update on future drilling and development plans, including a new planned reserve report.
News
January 08, 2025
Murphy Oil announced that its subsidiary has drilled an oil discovery at the Hai Su Vang-1X exploration well in Block 15-2/17 in the Cuu Long Basin, located 40 miles offshore Vietnam.
News
January 02, 2025
CNOOC has commenced production from its Panyu oilfield joint development project, the company announced. The project is expected to achieve a peak production of approximately 13,600 boed in 2025.
News
January 01, 2025
ADES Holding Company has received a Letter of Award (LOA) from PTTEP Energy Development Company Limited (PTTEP) for an offshore jackup drilling contract in the Gulf of Thailand with an estimated backlog of SAR 1.035 billion.
News
December 31, 2024
Sinopec has released the first sustainability report published by a Chinese company in Algeria, with the goal to establish a long-term, sustainable model and unity between oil and gas exploration, environmental protection and social progress.
News
December 19, 2024
Kongsberg Maritime has secured a substantial contract to provide an integrated package of electrical, control, safety and propulsion systems for the Golar Mk2 Floating Liquified Natural Gas (FLNG) project.
News
December 12, 2024
Sinopec, China’s Petroleum & Chemical Corporation, has successfully obtained ISO's approval for the Technical Specifications for Multi-element Thermal Composite Flooding of Heavy Oil proposed by academician Sun Huanquan's team.
News
December 10, 2024
TotalEnergies has finalized the acquisition of the interests of OMV (50%) and Sapura Upstream Assets (50%) in SapuraOMV Upstream, an independent gas producer in Malaysia.
News
December 09, 2024
The 2024 China-Africa Think Tank Energy Forum recently convened in Chad's capital, N'Djamena, where over 70 delegates discussed China-Africa collaboration in oil and gas, the energy transition and partnership opportunities.
News
December 03, 2024
INNIO Group has acquired Souer Co., Ltd., a specialist in engine-based technology and customer-centric services within the midstream and power generation industries.
News
December 02, 2024
CNOOC Limited and 80883 announced that Huizhou 26-6 Oilfield Development Project has commenced production. A total of 19 development wells are planned to be commissioned, including 2 oil production wells and 17 gas production wells.
News
November 26, 2024
The contract, worth approximately $1.2 billion, covers the development of offshore facilities for natural gas production, CO2 capture, utilization, and storage (CCUS) as part of the Tangguh UCC project.
News
November 26, 2024
bp and its partners have approved a $7 billion investment in the Tangguh Ubadari, CCUS, and Compression (UCC) project in Papua Barat, Indonesia. The development is expected to unlock around 3 trillion cubic feet of additional gas resources, aiming to meet the rising energy demand in Asia.
News
November 25, 2024
ADNOC Logistics and Services announced it has taken delivery of ‘Al Shelila,’ the first of six newbuild liquified natural gas (LNG) carriers from Jiangnan Shipyard in China. The vessel has been delivered two months ahead of schedule.
