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Energy revolution and politics took center stage during a forum in Houston this week.
The treaty signing in New York on March 6 marked the first conciliation under the U.N. Convention on the Law of the Sea—a process UN Secretary-General António Guterres said could offer other countries a path toward resolving contentious maritime boundary disputes.
Half of the spending will go toward E&P activities as the country aims to increase domestic oil and gas production.
Several major E&P projects have come online in Malaysia and Indonesia in recent times, including Sapura Energy’s SK 310 B15 gas field and Eni’s Jangkrik Complex development.
The state-owned explorer faces challenges to produce gas from its UD-1 discovery in the Bay of Bengal.
The Philippines is ready with two joint oil and gas exploration agreements to be signed with China, its energy minister said on Nov. 7, and reiterated his position calling for the lifting of the ban on drilling works in a disputed area in South China Sea.
Aker Solutions said Oct. 23 it has received a notification of award for orders valued at more than NOK 1.7 billion (US$204 million) from the China National Offshore Oil Corp. (CNOOC) to provide the subsea production system and umbilicals for the Lingshui 17-2 gas field.
Block 29/11 is located in Pearl River Mouth Basin of the South China Sea. The block covers a total area of 1,808 sq km (698 sq miles) with a water depth of 300 m to 600 m (984 ft to 1,968 ft).
Israel’s Ratio Oil Exploration signed a long-awaited deal on Sept. 4 to search for oil and gas in the Philippines, a spokesman for Philippines President Rodrigo Duterte said.
The company said it will provide maintenance services, modifications and shutdown support as part of the contract that covers Shell’s onshore facilities in Batangas and offshore assets in the Malampaya Field near Palawan Island.
Reuters reported six people died and more than 20 were injured when a crane collapsed onto a section of the platform at a Samsung Heavy Industries shipyard, South Korea's Yonhap News Agency reported.
Chinese manufacturers are unable to make equipment such as semisubmersible drilling platforms used in waters deeper than 1,000 feet and robots used in waters deeper than 500 meters, Reuters reported.
The $1-billion rig, which was at the center of a fierce diplomatic stand-off between the countries in 2014, had moved into an area of the Gulf of Tonkin over which, Vietnam said, the two countries were still “executing delineation discussions.”
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.
The barge carrying the Alba B3 topside, jacket and pile sleeves will meet Heerema Marine Contractors’ crane vessel Thialf early next year at its final offshore destination in the Gulf of Guinea.
Petronas has expressed interest over the last year to diversify into renewables amid low oil prices.
The agreement for Shell's 26.56% stake in the Greater Sunrise gas field off the northern coast of Australia will allow East Timor to push for development of the project.
Australia's competition watchdog, ACCC, said it will not oppose oil and gas firm Santos's $2.15 billion acquisition of Quadrant Energy.
Taking ConocoPhillips' 30% stake would help East Timor position itself to push for the development of Greater Sunrise, discovered in 1974 but development long delayed.
The decision to sell some U.S. GoM assets came as the state-controlled Chinese oil firm finalizes an internal restructuring that combines its Beijing-headquartered E&P team with Calgary-based Nexen Petroleum.
Chevron Corp. (NYSE: CVX) has named Steven W. Green as president of Chevron North America E&P, effective March 1, 2019, according to a news release. Nigel Hearne will succeed Green as president of Chevron Asia Pacific E&P.
Widyawati, a former human resources director at the company, is the third CEO at Pertamina in just three years.
Malaysia has appointed Ahmad Nizam Salleh as the new chairman of state-owned oil company Petroliam Nasional Bhd (Petronas) effective immediately, the prime minister's office said on August 1.
Chansin Treenuchgron, 57, will take up the company’s helm on Aug. 31 after Tevin reaches the compulsory retirement age of 60. Chansin will have a term of 20 months, PTT said in a statement.
An ONGC official said the drillship—identified as Sagar Bhushan on ONGC’s website—was undergoing maintenance at state-run Cochin Shipyard on the country’s southwest coast.
Japan's Kyushu Electric Power Co said on Oct. 15 it restricted third-party solar power supplies over the weekend, marking the first time a Japanese utility has curbed the use of renewable energy to avoid a sudden blackout.
Guyana has put planned oil auctions on hold as the impoverished South American country works to establish a Department of Energy to oversee the energy boom, Minister of State Joseph Harmon said on Sept. 24.
U.S. energy giant ConocoPhillips has asked Indonesia's energy ministry to extend its operations in the Corridor natural gas block after its contract ends in December 2023, a ministry official said.
China included LNG for the first time in its list of proposed tariffs on Aug. 3, the same day that its biggest U.S. crude oil buyer, Sinopec, suspended U.S. crude oil imports due to the dispute
China has responded to $50 billion in tariffs imposed by U.S. President Donald Trump with additional tariffs on U.S. energy products, which analysts considered a surprise.