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.
Korean vessel makers are racking up debt and could show billions of dollars in losses when they report earnings.
“Russia is increasingly looking east and the various deals made between Rosneft and China are likely to see more Russian crude head to China permanently,” an analyst told Bloomberg.
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.
Haere is a grid of modern, high quality data that will be fundamental in assisting the re-interpretation of the geology in the Gulf of Papua and the identification of prospective structural and stratigraphic trends that can be used for regional evaluations and future detailed seismic survey designs, said Rachel Masters, Searcher’s global sales manager.
The discovery well Caofeidian 6-4-1 was drilled and completed at a depth of about 3,100 m (10,171 ft) and encountered oil pay zones with a total thickness of about 180 m (591 ft), CNOOC Ltd. said in a news release.
Comprehensive system field trials were held in north Sumatra before the sale. PT Elnusa Tbk’s deputy director of geoscience said the first project will be in Java.
The assets include the non-operated interest in the producing Singa gas field and the operated interests in the South Sokang and Cendrawasih VII blocks, as well as the joint study agreement concerning the Cendrawasih VIII Block, the release said.
The Jiaoshiba block of the project, in the municipality of Chongqing in southwest China, has 273.8 billion cubic meter (Bcm) of newly proven reserves, said the report carried on news.cnpc.com.cn, an industry portal run by top energy group CNPC.
State energy company PetroChina brought the last two processing facilities online at a giant natural gas field in southwestern China, taking output capacity up to a planned 11 billion cubic meters (Bcm) a year, parent company China National Petroleum Corp. (CNPC) said.
China, the world's largest energy consumer, has made largely untested coal-to-gas technology a key part of its strategy to boost the use of cleaner fuels.
The 150,000 cubic-meter cargo will be sourced from French utility ENGIE, part of a cooperation agreement signed in July.
The Oseil-28 well was completed as a producer with final clean-up rates prior to rig release of about 640 bbl/d of oil.
By end-August, Sinopec had closed 12 wells at Puguang, one of the country’s largest with annual production capacity of 12 billion cubic meters (Bcm), and planned to shut in another 15 wells, the Sichuan Daily reported, citing a Sinopec official at Puguang.
The contract covers the engineering, procurement, fabrication, installation and commissioning of three flexible pipes totaling 9.9 km, Technip said in a news release.
In an expansion of their ongoing global partnership, BP and China National Petroleum Corp. (CNPC) entered a framework agreement on strategic cooperation covering potential shale gas exploration and production in the Sichuan Basin and future fuel retailing ventures in China and other international partnerships, BP said in a news release.
Petrofac has ended its contract with ZPMC due to concerns with ZPMC’s performance regarding construction of the proprietary design Petrofac JSD 6000 deepwater multipurpose offshore vessel, Petrofac said.
The subsea production system for the Rotan deepwater natural gas development offshore Malaysia, Aker Solutions said in a news release.
The reorganization program aims to improve efficiency and removing complexity to become a more agile and competitive company.