5017 results found for 'Indonesia'

5017 results found for 'Indonesia'
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  • 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.

  • 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 […]

  • 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.

  • Coro Energy renegotiates terms of Indonesian PSC acquisition

    18 July 2019

    Coro Energy has renegotiated the terms of the proposed acquisition by the company of a 42.5% interest in the Bulu PSC, offshore East Java, which contains the Lengo gas field. 

  • 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 […]

  • Indonesian Coast Guard Detains Tug Captain

    13 March 2015

    Indonesian Coast Guard has detained the captain of Singapore-flagged tug ASL Glory for entering illegally the country’s waters. The 289-dwt ASL Glory and an accompanying barge were detained off Batam on Sunday, while sailing towards Singapore near Batam’s Tanjung Uncang, as reported by the Straits Times. The report said that eight crew members, one of them a Singaporean, were detained […]

  • COSL rig heads back home as Conrad wraps up Mako well testing

    5 July 2017
    Exploration & Production, Project & Tenders

    Conrad Petroleum has completed well testing operations on the Mako South-1 well in the Duyung PSC offshore Indonesia. The COSL Seeker drilling rig is currently demobilizing back to its home base in Labuan, Malaysia.  Conrad owns 90% of West Natuna Exploration Limited (WNEL), a holding company that owns the Duyung PSC. Conrad is the operator of the PSC […]

  • McDermott says Qatar award is one of the largest single contracts in company history

    11 January 2022
    Business & Finance, Business Developments & Projects, Exploration & Production, Project & Tenders, Transition

    McDermott has confirmed a recent contract award with QatarEnergy, saying it is one of the largest single contracts McDermott has been awarded in its company history. The structures will be fabricated in a facility with low-carbon or renewable power as part of McDermott’s sustainability commitments.

  • Shelf Drilling selling five stacked rigs

    13 November 2020
    Business & Finance, Business Developments & Projects, Exploration & Production

    Shelf Drilling is selling five of its stacked drilling rigs. The rig owner has also won a couple of new gigs while some contracts have been suspended.

  • FPSO redeployment uncertainty puts BW Offshore into impairment mood again

    14 February 2022
    Business & Finance, Business Developments & Projects, Vessels

    BW Offshore has warned of impairment to the value of five FPSO units due to limited potential for future redeployment.

  • Boskalis 2016 First Half Results: ‘Drastic Measures’ Announced

    18 August 2016
    Business & Finance, Equipment, Technology

    Royal Boskalis Westminster N.V. realized a net profit of EUR 147.5 million in the first half of 2016 (H1 2015: EUR 306.5 million). Revenue in the first half of the year fell 25% compared to the first half of last year to EUR 1.17 billion (H1 2015: EUR 1.57 billion). Whereas the first half of 2015 was extremely busy, […]

  • Global Market for Oilfield Equipment to Reach USD 117.3 Bln in 2018

    10 July 2013
    Business & Finance, Research & Development

    Transparency Market Research recently published a market report “Oilfield Equipment Market (Drilling Equipments, Field Production Machinery, Pumps and Valves and Other) – Global and U.S. Industry Analysis, Size, Share, Growth, Trends and Forecast, 2012 – 2018”, which states that the global market for oilfield equipment was valued at USD 93.74 billion in 2012 and is […]

  • Noble buys second jack-up from PaxOcean. Bags Saudi Aramco contract

    14 February 2019
    Exploration & Production

    Noble Corporation has bought a second newbuild Gusto MSC CJ46 design jack-up rig from the PaxOcean Group (PaxOcean) for $83.75 million.

  • PTTEP sells Montara field to Jadestone

    16 July 2018

    Thailand’s PTTEP is divesting its 100% stake in the Montara field offshore Australia.

  • BW Offshore sells FSO Belokamenka for scrap

    10 December 2018
    Business & Finance, Infrastructure

    BW Offshore has signed an agreement to dispose of the FSO Belokamenka for recycling in compliance with the Hong Kong Convention.

  • Singapore: Miclyn Express Offshore Announces New Contracts

    12 June 2012
    Business & Finance, Project & Tenders

    Miclyn Express Offshore (“MIO”) announces that through its Thai Joint Venture, Uniwise Offshore, it has been awarded a 3 year firm contract, plus 2 x 1 year extension options, to provide coil tubing marine support services to Chevron`s production activities in the Gulf of Thailand. Uniwise Offshore will purchase a Platform Supply Vessel (“PSV”), currently […]

  • Divers Conduct Recompression Chamber Exercise during RIMPAC (USA)

    23 July 2012
    Operations & Maintenance

    Divers assigned to Mobile Underwater Diving Salvage Unit (MUDSU) 1 and divers from coalition partners conducted a recompression chamber exercise during Rim of the Pacific (RIMPAC) 2012 July 18. The exercise was conducted as part of the humanitarian assistance and disaster relief (HA/DR) scenario within RIMPAC. The scenario consisted of a diver becoming unconscious due […]

  • Saudi Aramco CEO expects oil price rise in 1st-half 2017

    2 November 2016

    By Reem Shamseddine RIYADH (Reuters) – Saudi Aramco expects oil prices to rebound in the first half of 2017 and for demand to remain healthy following two years of painfully low prices, the state-owned producer’s Chief Executive Officer Amin Nasser said on Tuesday. “The gap between supply and demand is closing … Our anticipation now […]

  • ExxonMobil president Walters steps down after 38 years

    5 December 2016
    Business & Finance

    U.S. oil giant ExxonMobil has named Neil Duffin as the new President of ExxonMobil Production Company. He will succeed a retiring Tom Walters who will be leaving the company after more than 38 years of service. ExxonMobil said on Friday that Neil Duffin, currently president of ExxonMobil Development, was appointed as the President of ExxonMobil […]

  • Singapore: Swiber profits from disposal of subsidiaries

    15 May 2014
    Business & Finance, Project & Tenders

    Swiber Holdings Limited, an integrated construction and support services provider to the offshore oil and gas industry, has achieved a 106.4% increase in net profit to US$52.8 million notwithstanding a 35.6% decline in revenue to US$199.5 million for the three months ended March 31, 2014. A significant portion of on-going projects was recognised in FY2013 […]

  • ICTSI’s Volumes Up, Profit Down in 1H 2016

    9 August 2016
    Business & Finance

    Manila-based container terminal owner and operator International Container Terminal Services (ICTSI) saw a thirteen percent decrease in its net income in the first half of 2016 despite handling ten percent more containers compared to the same period a year earlier. The company’s volumes went up during the six-month period to 4,264,633 TEUs from 3,888,130 TEUs handled during […]

  • BP Agrees to Sell Upstream Interests in Pakistan to UEG for $775 million

    14 December 2010
    Business & Finance

    BP announced today that it has entered into an agreement to sell almost all of its exploration and production assets in Pakistan to United Energy Group Limited (UEG). UEG will pay BP a total of $775 million in cash for these assets which consist of nine producing and exploration blocks in Sindh province and four […]

  • USA: M-I SWACO Introduces New Inhibitive Drilling Fluid System

    5 October 2010
    Equipment

    M-I SWACO announced  the release of the KLA-SHIELD* high-performance water-base drilling fluid system. Designed for use in onshore and offshore fields, the KLA-SHIELD system is made up of products that are formulated to address environmental concerns worldwide. Onshore, the system can be customized to provide shale inhibition without the use of salts, making cuttings ideally […]

  • Australia: McDermott Lands Ichthys Work

    25 January 2012
    Project & Tenders

    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. […]