Search

Southeast Asia's appetite for energy is growing by leaps and bounds. China and India are investing heavily at home and abroad to meet increasing domestic demand. And new opportunities in [...]

Billions of dollars are being spent on exploration and production in the Asia-Pacific region. India launched an enormous deepwater drilling program last year, and China continues to invest at home [...]

Conoco has awarded two engineering, procurement, construction, and installation (EPCI) contracts for the $1.6 billion Belanak natural gas development offshore Indonesia. The company awarded the contracts under its South Natuna [...]

Petronas, Malaysia's state oil agency, signed a production sharing agreement with two local units of Royal Dutch Shell to draw oil from an offshore area near eastern Sabah state. Block [...]

has contracted with Pride International for the semisubmersible Pride North Sea to begin drilling on Block 48/24 in the Seven Heads prospect 29 miles off the Cork coast of Ireland. [...]

BP Egypt said it has reached agreement to purchase TotalFinaElf's 50% interest in the West Mediterranean Deep Water Area Concession in the Nile Delta. BP already operates the concession with [...]

The Kingdom of Saudi Arabia has selected ExxonMobil as the leader in the Core Venture 2 project, part of the Saudi Arabian Natural Gas Initiative. Core Venture 2 includes development [...]

China National Offshore Oil Corporation announced the signing of a new production sharing contract with Santa Fe Energy Resources (China) Limited. The contract covers the exploration area of Block 27/10 [...]

Two new permits have been granted in the Taranaki Basin offshore New Zealand. Both permits are close to the coast, north and south of Cape Egmont. Permit PEP 38472, the [...]

Noble Affiliates, Inc. wholly owned subsidiary, Samedan, Mediterranean Sea, Inc., and its partners were selected by Israeli Electric Corporation (IEC) to supply approximately 170 MMcf/d of natural gas for use [...]

Noble Affiliates, Inc. indirect subsidiary, EDC (Europe) Limited, received UK government approval to develop the Hannay field in Block 20/5c of the North Sea. The estimated reserves of Hannay field [...]

Norsk Hydro awarded Kvaerner Oil and Gas the contract valued at NOK500 million to build the power generation module and living quarters for the Grane platform. The power generation segment [...]

Exxon Azerbaijan Operating Company LLC awarded Maersk a three-year contract for a drilling program in the Caspian Sea. The contract includes the construction of a semisubmersible drilling rig. Maersk has [...]

Devon Energy Corporation has signed a 20-year gas sales agreement to export Indonesian natural gas to Singapore. The agreement is between Pertamina, Indonesia's state-owned oil and gas company, and PowerGas [...]

Gas from Premier's West Natuna offshore Indonesia has been delivered to Singapore six months ahead of the main contractual start for sales in July. Initial deliveries are expected to rise [...]

Esso Production Malaysia Inc. awarded new contracts for two self-erecting tender rigs (T-2 and T-3) owned 49% by Smedvig. The three-year contracts have an option for an additional year and [...]

The Egyptian Deepwater Development Consortium awarded a $56 million contract to Egypt's Burullus Gas Co. joint venture for engineering, construction, testing, and delivery of a deepwater subsea production system for [...]

Late in January, the South Africa Minister of Minerals and Energy approved the award of a natural oil prospecting sub-lease to Ranger Oil limited over blocks 11B and 12B offshore [...]

Enterprise Middle East Ltd., a subsidiary of Enterprise Oil PLC, signed a participation agreement with South Pars operator Petro Pars Ltd., giving the UK oil company a 20% stake in [...]

Hunt Oil Company announced the closing of the upstream and downstream segments deal for the Camisea Project in Peru. Hunt is a significant shareholder in the newly created Transportadora de [...]

A shareholder deal signed by Statoil and Turkey's KOC Holding in late November 2000 lays the groundwork for a new jointly owned Turkish gas company. The venture will become operative [...]

Canada's Talisman (Vietnam 15-2/01) Ltd. and PetroVietnam Exploration and Production Co. signed a petroleum contract for block 15-2/01 offshore Vietnam. According to Talisman, block 15-2/01 is in the center of [...]

In early 2004, Husky Energy named the FPSO that will produce the White Rose field in the Jeanne d'Arc basin off the coast of Newfoundland. The SeaRose was officially named [...]

Despite efforts to entice foreign companies to invest in India's offshore, chances are good that India's state-owned Oil and Natural Gas Corp. will remain the production leader for the foreseeable [...]

The interesting news in the Timor Sea is that Petronas and its partners won a PSC for an offshore block in the Joint Petroleum Development Area (JPDA) between Timor Lesle [...]

Husky Energy has taken delivery of two shuttle tankers that will transport oil from the White Rose field off the coast of Newfoundland and Labrador, Canada. Samsung Heavy Industries Koje [...]

Wood Group subsidiaries Woodhill Frontier and J P Kenny won a contract from Energy Africa for final concept selection and front-end engineering and design for the proposed Kudu field development [...]

Statoil and Gazprom held talks in April at the Hammerfest LNG plant that is under construction on Melkoya island in northern Norway. This facility, which will liquefy natural gas from [...]

In late March, Santos Ltd. started production from its Mutineer-Exeter field 150 km north of Dampier in the Carnarvon basin on the northwest coast of Australia. This is Santos' first [...]

Off Egypt's Mediterranean coast, Atwood Oceanics Inc.'s Atwood Hunter semi won a contract from Burullus Gas Co. to drill two wells. The contract requires a rig upgrade that includes high-pressure [...]

While Murphy moves Kikeh into production more players are getting into the deepwater game. Petronas awarded two PSCs to Shell and Petronas Carigali Sdn Bhd for ultra-deepwater blocks ND6 and [...]

Repsol YPF has won the right to explore and develop offshore block 16 in Liberia's first international bidding round. Woodside Petroleum Ltd. subsidiary, Woodside West Africa Pty Ltd., won 100% [...]

BG Group and its partners in the Rosetta Concession offshore Egypt have reached agreement with Egyptian General Petroleum Corp. and Egyptian Natural Gas Holding Co. (EGAS) to increase Rosetta's production [...]

OAO Gazprom, OAO NK Rosneft, and Statoil ASA have signed a memorandum of understanding for six months of joint studies on a number of projects. The projects include phase one [...]

Keppel FELS Ltd. has delivered the main hull sections of the BP Shah Deniz TPG 500 platform to BP Exploration (Shah Deniz) Ltd. Following hull construction, the joint entity, Keppel [...]

Maersk Contractors has taken delivery of the Moersk Inspirer, a new ultra-harsh environment jackup rig built at Hyundai Heavy Industries Co. Ltd. in Korea. The new fig is identical to [...]

The Egyptian Ministry of Petroleum's Egyptian Natural Gas Holding Co. will hold an international bid round this year. Nine blocks will be on offer, seven in the Mediterranean Sea. The [...]

AmFELS Inc., Keppel Offshore & Marine Ltd.'s American subsidiary, delivered an ultra-premium KFELS B class jackup to Mexican owner Perforadora Central SA de CV earlier this year. The jackup, Tonala, [...]

Statoil has awarded Aker Reinertsen the task of modifying the Norne production ship in connection with development of the Staer and Svale satellites in the Norwegian Sea. The work was [...]

China is also making plans to invest in West Africa. CNOOC has signed a deal with Morocco to participate in offshore oil and gas exploration. This is the company's first [...]

Statoil and Norsk Hydro Production have awarded Ocean Rig a letter of intent to drill three exploration wells in the Barents Sea, plus an option to drill a well for [...]

White Rose, the third development in the Jeanne d'Arc basin 350 km east of St. John's, Newfoundland and Labrador, Canada, is on track for production in late 2005/early 2006. According [...]

Teikoku Oil Co. Ltd. has executed a farm-out agreement covering the Khaligue El Zeit and South East July blocks in the west portion of the Gulf of Suez offshore Egypt. [...]

Modec received a letter of commencement from Santos Ltd. of Australia for an FPSO to be used in the Mutineer-Exeter field development. The field is 150 km north of Dampier, [...]

In early 3Q, China National Offshore Oil Corp. Ltd. signed an agreement with the Gorgon Venture participants on one of the biggest LNG deals in the industry's history. The agreement [...]

Britain and Norway have agreed on treaty principles that will enable gas to be transported from the Ormen Lange field offshore Norway to the British market. The agreement is based [...]

Qatar Petroleum and Qatar Petroleum Development Co. have signed an agreement for full field development of the offshore Al-Karkara and A-North structures. Qatar Petroleum and QPD signed the original development [...]

China has seen both new discoveries and new exploration commitments in the past few months. In mid June, China National Offshore Oil Corp. Ltd. signed a production sharing contract (PSC) [...]

An underwater pipeline carried Egyptian gas to Jordan for the first time in July. The 16-km pipeline runs from Taba, Egypt, to Aqaba, Jordan. The line is expected to extend [...]

Exploration activity could soon be underway off the Bahamas. Kerr-McGee Corp. affiliates Kerr-McGee Bahamas Ltd. and Atlantic a Exploration and Production Co. have acquired 100% interest in nine oil and [...]