Both orders are part of PetroChina's furnace procurement program that BHD bid on. Aggregate order value under the program now totals about US$0.8 million, or more than 5.3 million renminbi.
Chinese companies’ shale development effort comes as slumping commodity prices have caused others to lay down rigs and forgo completions in the U.S. and pull away from emerging shale plays elsewhere.
The unfolding global story of FLNG is being spearheaded by the Southern Hemisphere. While most of the noise so far has been made by the operators of Australia’s megaprojects, it is Malaysia that has been quietly setting the pace.
Robin Allan told delegates at SPE Offshore Europe 2015 that it is easier to do business in Vietnam than in the U.K. where costs must come down further.
Airborne Oil & Gas has notched up a world-first with a deal to supply a thermoplastic composite pipe flowline for a pilot project off Malaysia.
Otto Energy subsidiary Otto Energy Philippines has entered into a letter of intent with Maersk Drilling for one of its ultra-deepwater drillships to drill a frontier wildcat offshore south-west Palawan.
Talisman Energy and its partners are looking to complete a base development plan for a combined FPSO and TLWP project offshore Vietnam by mid-2015.
Otto Energy, the former operator of the Galoc field in the Philippines, has sold off its remaining stake in the producing project to fellow Aussie independent Nido Petroleum for US $106 million.
Japan’s Inpex is selling 10% of its stake in a deepwater block offshore eastern Malaysia to Australian player Santos, although no sale price is being revealed.
Noble Energy and its partners in the ultradeepwater Leviathan Field offshore Israel are still waiting for an update on the situation that has seen the country’s Anti-Trust Authority essentially try to pull the rug from under their feet on one of the world’s biggest gas finds of recent times.
The joint venture partners are discussing an additional appraisal well, and the decision whether to drill it will follow evaluation of Antelope-6 and flow test results from Antelope-5.
Sudan’s oil minister asked ONGC to consider buying stake in Block 17, which is operated by Star Oil, in which Yemen’s Ansan Wikfs owns a 66% stake it wants to sell, Reuters reported.
Roxi Petroleum’s Well 143 at its flagship asset BNG in Kazakhstan has flowed oil strongly since the start of 2016 and continues to flow well, the company said in a news release Jan. 13.
CEO Somporn Vongvuthipornchai also said that the company is considering cutting its US$3.4 billion investment budget for this year due to declining oil prices, Reuters reported.
Wei-4 well, southwest of China's coastal city of Beihai, tested a daily output of 1,264 tonnes of crude and 71,800 cm of natural gas at a first layer, Reuters said.
New wells would be drilled around 4 km from site of Sidoarjo mud volcano to a depth about one-third as deep as the well Lapindo drilled in 2006 when Sidoarjo erupted, Reuters said.
The Luojiazhai Field, where the ‘A’ well began operating on Dec. 30, has an annual production capacity of 3 billion cubic meters (Bcm) of gas, the state-controlled China National Petroleum Corp. said in a statement on its website.
The well, which is located in Block SB307/308, targeted hydrocarbons in Miocene-aged sands. Imbok-1 was drilled with the West Prospero jackup rig.
Brightoil Petroleum (Holdings) Ltd. said five wells at the Tuzi Luoke gas field 102 platform began production on Jan. 3, with natural gas production at about 0.8 MMcm (28.2 MMcf).
The well provides structural control and reservoir definition on the field's eastern flank. It is located about 2 km east-southeast of Antelope-3. InterOil holds a 36.5375% interest in the well.
Chuck Taylor, Chevron IndoAsia Business Unit managing director, said company won’t propose extending production-sharing contract for East Kalimantan, which currently supplies 70MMcf/d of gas to Bontang LNG plant, Reuters said.
Formed by a group of Malaysian entrepreneurs, OLIO provides a range of products and services to the oil, gas and energy industries, while Cape provides critical industrial services to the energy and natural resources sectors.
Ning Gaoning replaces long-serving Sinochem chief Liu Deshu, who is leaving due to reaching a government-set retirement age, Sinochem said, without giving further details.
Eric Ang Teik Lim and Bob Tan Beng Hai are both currently independent directors of the company’s board. Their executive appointments are effective Jan. 1, 2016.
The company is challenging a 2011 finding by the Philippines’ Commission on Audit that the project partners owed the government 53.14 billion pesos (US $1.1 billion) in taxes in addition to royalties on the gas produced. However, the Department of Energy said the taxes were already included in the government’s royalty take of 60 percent of the project’s net income.