5037 results found for 'Indonesia'

5037 results found for 'Indonesia'
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  • Piracy on the Seven Seas at Its Lowest

    24 April 2014
    Business & Finance

    The International Chamber of Commerce’s International Maritime Bureau (IMB) has revealed that piracy on the world’s seas is at its lowest first-quarter level since 2007, but warns that the threat is still present. The latest IMB Piracy Report, published today, shows 49 piracy incidents in the first quarter of 2014 – the lowest first quarter […]

  • Australia-Asia PowerLink gets Indonesian blessing (Video)

    23 September 2021
    Authorities & Government, Business & Finance, Business Developments & Projects, Project & Tenders

    The Indonesian Government has confirmed the key facilitation measures for Sun Cable’s Australia-Asia PowerLink (AAPowerLink), bringing the project a step closer to realization. The Indonesian Government has recommended the route of the transmission cables through Indonesian waters, with the Ministry of Transportation granting for the route to be surveyed by early 2022. The project will […]

  • Conrad spuds first of two Duyung wells

    4 October 2019
    Exploration & Production

    Conrad Petroleum has started drilling the first of two wells at its operated Duyung Production Sharing Contract in the West Natuna basin, offshore Indonesia, using the Asian Endeavour-1 jack-up rig. 

  • Apache: Faron J. Thibodeaux to Lead Australia Operations

    25 January 2013

    Apache Corporation said that Faron J. Thibodeaux has been promoted to region vice president and managing director of Apache Energy Limited, the company’s operating unit in Australia. Thibodeaux, Apache Energy’s director of operations since 2011, replaces Thomas M. Maher, who is moving to Cairo to lead Apache’s operations in Egypt. Apache currently is developing the […]

  • Black & Veatch: FLNG to push gas industry growth

    7 August 2019

    LNG technologies, such as floating LNG (FLNG) innovations, driven by its shorter construction lead times and lower capital investment costs, are increasingly becoming a viable option for increased gas deployments.

  • LNG supply shortage expected in mid-2020s, Shell’s Outlook says

    26 February 2018

    The global liquefied natural gas (LNG) market has continued to defy expectations of many market observers, with demand growing by 29 million tons to 293 million tons in 2017, according to Shell’s annual LNG Outlook.

  • Hess Sets 2012 Capital and Exploratory Budget (USA)

    12 January 2012

    Hess Corporation announced today a 2012 capital and exploratory budget of $6.8 billion, nearly all of which is targeted for Exploration and Production: $2.5 billion for unconventionals, $1.6 billion for production, $1.8 billion for developments and $800 million for exploration. John B. Hess, Chairman and CEO, stated, “We believe that the investments we are making […]

  • Australia: Bredero Shaw Inks Coating Contract for Ichthys Gas Export Pipeline

    15 February 2012
    Business & Finance, Equipment, Project & Tenders

    ShawCor Ltd. announced that its pipecoating division, Bredero Shaw, has received a contract with a value in excess of US$400 million to provide pipeline coatings and related products and services for the gas export pipeline on the Ichthys LNG Project. This contract was signed with Mitsui & Co., Ltd. and follows the letter of intent […]

  • Swiber Clinches Five Contracts Worth USD 235 Million

    3 February 2014
    Business & Finance, Operations & Maintenance, Project & Tenders

    Swiber Holdings Limited (“Swiber” or together with its subsidiaries, “the Group”) announced its first series of contract wins in the beginning of the new year. The Group has clinched five sizeable contracts totaling approximately US$235 million. Three of these contract wins, which amounted to approximately US$145 million, were awarded to the Group for works that […]

  • Eni’s 3Q profit at $1.7 billion. Production flat

    26 October 2018

    Italian oil company Eni posted a net profit of EUR 1.5 billion in the third quarter of 2018, versus a net profit of 344 million euros in the corresponding quarter a year ago.

  • Serica Energy Wins Exploration Interests Offshore Namibia

    3 November 2011
    Business & Finance

    Serica Energy plc confirms the announcement made yesterday by the Namibian Ministry of Mines and Energy at the 18th Africa Upstream Conference being held in Cape Town that Serica has been awarded an 85% interest in a Petroleum Agreement covering four large blocks and part blocks in the prospective Luderitz Basin, offshore Namibia. The award […]

  • MOBILE POWERSHIP Project Kicks Off

    10 December 2013

    Polaris Shipping Co., Ltd., Korea Midland Power Co., Ltd., Hyundai Heavy Industries Co., Ltd., and Siemens Energy Solutions Ltd. signed a Memorandum of Understanding at COEX Intercontinental Hotel in Seoul on December 10, 2013 to develop MOBILE POWERSHIP, an integration of shipbuilding and power generating technology in which a highly efficient power generating facility will […]

  • Hess Profit Rises on Asset Sales

    25 April 2013

    Hess Corporation today reported net income of $1,276 million for the quarter ended March 31, 2013. Adjusted earnings, which exclude gains on asset sales and other items affecting comparability of earnings between periods, were $669 million, or $1.95 per common share, representing a 30 percent increase on a per share basis over the same quarter […]

  • Dryad: Pattern Emerging in SE Asia Hijackings

    4 June 2014
    Business & Finance

    The latest report of a tanker hijack in Southeast Asia has prompted Dryad Maritime to issue an advisory to its shipping clients, on the basis that the crime follows a pattern, which has seen up to six such attacks, over the last nine months. MT Orapin 4, laden with a fuel oil cargo, departed Singapore […]

  • IEA vows to bring more transparency into LNG market

    24 November 2016

    While the globalization of natural gas has been boosted by the rise of LNG market, the energy security implications of this development have been less scrutinized.

  • Vietnam: Total Announces Second Oil Discovery on Offshore Block 15-1/05

    1 October 2010

    Total announces that its subsidiary, Total E&P Vietnam, and its partners on Block 15-1/05, have discovered oil in the Lac Da Vang prospect, located in the southern part of the block in the Vietnamese offshore. The Lac Da Vang exploration well is located approximately 125 kilometres to the East of the city of Vung Tau, […]

  • OSEA2012 Focuses on LNG & Gas in Asia (Singapore)

    6 November 2012
    Business & Finance

    With demand for energy increasing as developing countries push for greater economic growth, more and more companies are looking to alternative sources of supply such as LNG. Plans are afoot to further develop the natural gas and LNG industry in Asia. These developments will bring about important issues and challenges, and the OSEA2012 International Conference […]

  • USA: Marathon Sets 2011 Capital, Investment and Exploration Budget

    2 February 2011

      Marathon Oil Corporation announced today a $5.267 billion capital, investment and exploration budget for 2011, consistent with prior guidance and a 9 percent increase from 2010 capital spending. “Having completed a number of major investment projects over the last few years, Marathon’s 2011 budget has shifted toward an emphasis on more scalable and lower-risk […]

  • Lundin to Spend $1.7 Bln on Exploration and Development in 2013

    7 January 2013
    Business & Finance, Operations & Maintenance

    Lundin Petroleum AB (Lundin Petroleum) announces its 2013 development, appraisal and exploration budget which totals USD 1,700 million. 2013 will be the busiest year in the company’s history both in relation to exploration and development activities. The 2013 expenditure on development projects is budgeted at USD 1,100 million which represents approximately a 150 percent increase […]

  • OPEC committed to output cuts. Extension far from done deal, survey says

    5 May 2017

    The ten OPEC members’ crude output stayed unchanged in April at 31.85 million barrels per day compared to March, according to an S&P Global Platts survey released today. OPEC is still showing high compliance with its production cut agreement, as increases in Angola and Nigeria were offset by declines from Libya and Iraq, the energy […]

  • Tambak-1 well confirms Mako as ‘very valuable gas resource’

    22 November 2019
    Exploration & Production

    Conrad Petroleum has flowed dry gas from its Tambak-1 well located in the Duyung PSC in the West Natuna Basin, offshore Indonesia.

  • Nebula Energy buys majority stake in AG&P LNG for $300 million

    31 January 2024
    Business & Finance, Business Developments & Projects, Infrastructure, Market Outlooks, Outlook & Strategy

    Nebula Energy, a fully integrated investment management firm focused on LNG and CCS sectors, has acquired a majority stake in AG&P LNG, a subsidiary of AG&P Group and developer of LNG terminals and downstream infrastructure. On January 31, Nebula Energy announced it is investing $300 million in AG&P LNG platform to fast-track LNG terminal development […]

  • New milestone for Saipem as first topsides head to QatarEnergy’s North Field project

    14 March 2024
    Business Developments & Projects, Infrastructure

    Italian EPC contractor Saipem has reached a new milestone with the shipment of the first three topsides for QatarEnergy LNG’s North Field project offshore the northeast coast of Qatar. On March 13, Saipem shared an update saying that the first three topsides (one wellhead production and two riser platforms) were loaded out from its Karimun […]

  • EU: Trade Restrictions Still Prevalent

    19 November 2014

     The tendency to impose trade-restricting measures remains strong among the EU’s commercial partners, fuelling continuing uncertainty in the world economy, the European Commission’s annual report on protectionism shows. The 11th Report on potentially trade-restrictive measures focuses on the period between 1 June 2013 and 30 June 2014 and covers 31 of EU’s main trading partners. […]

  • Ichthys: The Largest Subsea Gig for McDermott (Australia)

    25 January 2012
    Business & Finance

    McDermott International, Inc. announced today that its Australian subsidiary has received and signed a letter of award for the Ichthys Gas-condensate Field Development subsea umbilical, riser, flowline (“SURF”) project by INPEX. The contract value is in the order of magnitude of US$2 billion and is the largest subsea contract McDermott has been awarded to date. […]