5015 results found for 'Indonesia'

5015 results found for 'Indonesia'
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  • First Exploration Licence in Malaysia for GDF SUEZ

    19 September 2013

    GDF SUEZ has jointly entered the offshore deep water exploration Block 2F in Malaysia in partnership with JX Nippon Oil & Gas Exploration (Offshore Malaysia) Sdn. Bhd. (40%), the operator of the block, and PETRONAS Carigali Sdn. Bhd. (40%). GDF SUEZ holds 20% participating interest in the license. The license has been recently awarded by […]

  • Elengy Terminal Pakistan Bids for LNG Import Contract

    12 November 2013

    With the energy crisis that is severely affecting Pakistan, Engro Corporation subsidiary Elengy Terminal Pakistan Limited (ETPL) has bid for the fast track LNG contract to import up to 3MTPA of LNG or 400MMSCFD of RLNG (Natural Gas) for the next fifteen years. Over the last 7 years Engro’s investments in Pakistan have exceeded the […]

  • Santos Posts Record Sales Revenue

    23 January 2014

    Santos of Australia announced record sales revenue of $1.1 billion for the fourth quarter of 2013. The record result was driven by the company’s highest oil production in six years, strong oil prices and higher third party sales volumes. Total sales revenue for 2013 of $3.6 billion was also a record and 12% higher than […]

  • Malaysia: Coastal Group Sells Ten Offshore Support Vessels

    11 July 2012

    Coastal Contracts Bhd (together with its subsidiaries “Coastal Group”) announced that its wholly-owned subsidiaries, Coastal Offshore (Labuan) Pte Ltd, Thaumas Marine Ltd and Pleasant Engineering Sdn Bhd, have collectively secured contracts for the sale of ten units offshore support vessels (OSV) and two units low-end vessels for an aggregate value of approximately RM446 million(approx USD […]

  • Rig utilisation in Southeast Asia set for decline, Rystad’s analysis shows

    31 March 2020
    Exploration & Production, Infrastructure, Market Outlooks, Outlook & Strategy

    Southeast Asia’s rig market, which was poised for growth in 2020, is now set for a decline. Several oil companies have already made significant cuts to their 2020 capex budgets due to the impact of the Covid-19 pandemic and the ongoing oil price war, a Rystad Energy’s analysis shows.

  • More oil and gas assets up for grabs due to Covid-19, Rystad says

    3 June 2020
    Business & Finance, Business Developments & Projects, Exploration & Production, Market Outlooks

    Oil and gas companies currently have assets for sale with recoverable reserves of more than 5 billion barrels of liquids and 7.5 billion barrels of oil equivalent (boe) of natural gas, Rystad Energy estimates.

  • Climate-neutral sailing ship for the Marshall Islands launched in South Korea

    16 November 2023
    Business Developments & Projects, Collaboration, Environment, Infrastructure, Outlook & Strategy, Regulation & Policy, Technology, Transition, Vessels, Vision

    An environmentally sailing ship intended for the Marshall Islands has been launched in South Korea.

  • UK and US forge energy alliance to ‘bring down prices and help end dependence on Russian energy once and for all’

    7 December 2022
    Business Developments & Projects, Collaboration, Outlook & Strategy, Transition

    UK and US have formed a new energy partnership to increase energy security and drive down prices, as part of an initiative announced today by Prime Minister Rishi Sunak and US President Joe Biden. Under the new ‘UK-US Energy Security and Affordability Partnership’, the parties will work together to reduce global dependence on Russian energy […]

  • New alliance to build Asia Pacific’s 1st zero-emission all-electric tug

    23 February 2022
    Business Developments & Projects, Collaboration, Environment, Infrastructure, Innovation, Outlook & Strategy, Regulation & Policy, Transition, Vessels, Vision

    A new alliance has been formed to construct the first all-electric, zero carbon emission harbour tug in the Asia Pacific region.

  • IMO, Germany team up to cut shipping emissions in Asia

    29 April 2021
    Authorities & Government, Business Developments & Projects, Collaboration, Environment, Outlook & Strategy

    The International Maritime Organization (IMO) and Germany have teamed up on a project to identify opportunities and solutions to prevent and cut transport emissions in Asia.

  • India: Essar Projects to Complete D1 Development Project for ONGC

    9 February 2012
    Business & Finance, Equipment, Operations & Maintenance

    Essar Projects has announced the completion of Rs.1,064crores D1 Development Project for ONGC by end-March 2012. The project includes installation of three offshore platforms, laying of subsea pipelines to connect the three platforms to the existing floating production, storage and offloading (FPSO) through a Pipeline End Manifold (PLEM). All new platforms, the PLEM and the […]

  • UK’s EnerMech to Open Seven New Offices in Asia Pacific

    21 March 2012
    Business & Finance, Equipment

    EnerMech, the mechanical engineering company, has announced a major expansion in the Asia Pacific region, India and Australia which will see the opening of seven new offices. The company already has well established bases in Singapore, and in Perth and Melbourne, and in the last two years has invested £15 million to establish its business […]

  • UK: Bibby Offshore Invests in ROV Fleet

    26 October 2012
    Business & Finance, Equipment

    Aberdeen-based subsea installation contractor Bibby Offshore has announced investment of around £11million in Remotely Operated Vehicle (ROV) systems for its latest division, Bibby Remote Intervention Limited (BRIL). Initial investment of close to £4million has been made in ROV systems for Bibby Offshore’s fleet of Diving Support Vessels (DSVs) to bring the service provision in-house, while […]

  • Oil prices fall on rising OPEC crude production

    2 May 2016

    Oil prices fell on Monday as rising production in the Middle East outweighed a decline in U.S. output and a recent slide in the dollar, which has been supporting crude.

  • OPEC oil output hits record high in June on Nigerian rebound

    30 June 2016

    By Alex Lawler LONDON (Reuters) – OPEC’s oil output has risen in June to its highest in recent history, a Reuters survey found on Thursday, as Nigeria’s oil industry partially recovers from militant attacks and Iran and Gulf members boost supplies. Higher supply from major Middle East producers except Iraq underlines their focus on market […]

  • Lundin 4Q to suffer due to impairments and exploration costs

    21 January 2015
    Business & Finance

    Sweden’s Lundin Petroleum has informed that its 4Q 2014 profitability will suffer due to expensed exploration costs, impairment charge and foreign currency exchange loss, mainly related to the revaluation of loan balances. The company says that these items are largely non-cash charges and will have no impact on operating cash flow or EBITDA. During the fourth quarter […]

  • BW Offshore in arbitration with Addax. Statoil, Petronas not extending FPSO deals

    28 November 2016
    Infrastructure

    Norwegian FPSO supplier BW Offshore has been informed by Statoil and Petronas that the contracts for two FPSO units will not be extended and will run out next year. On top of this, the company has initiated arbitration against a client who is not paying an FPSO lease. All this was revealed by BW Offshore on […]

  • Statoil to drill more exploration wells in 2017

    4 January 2017

    Norwegian state-owned oil giant Statoil plans to drill around 30 exploration wells in 2017, an increase of around 30 percent compared to 2016. More than half of the wells will be drilled on the Norwegian Continental Shelf (NCS), Statoil said on Wednesday. “Taking advantage of our own improvements and changed market conditions, we have been […]

  • Exxon Mobil reduces 2015 capex by 12%

    4 March 2015

    U.S. oil giant Exxon Mobil today said it expects its capital expenditure for 2015 will be $34 billion in 2015 – 12 percent less than in 2014. The company further said that annual capital and exploration expenditures are expected to average less than $34 billion in 2016 and 2017. “We are capturing savings in raw materials, service, […]

  • Allianz: Shipping Losses See Downward Trend but Risk Challenges Remain

    13 June 2017

    Large shipping losses have declined by 50% over the past decade, largely driven by the development of a more robust safety environment by shipowners, according to Allianz Global Corporate & Specialty SE’s (AGCS) fifth annual Safety & Shipping Review 2017. 85 large vessels were lost worldwide in 2016, down by 16% when compared with a […]

  • GBI Research: Australia to Overtake Qatar in LNG Exports

    26 November 2012

    LNG has been embraced as a commercially attractive and eco-friendly fossil fuel, and the global industry is set to see the emergence of new gas giants, with Australia competing against traditional LNG exporters such as Qatar, states new research by energy experts GBI Research. The report states that natural gas has experienced growing demand worldwide, […]

  • Frost & Sullivan: EPC Contractors Using FLNG and Mini-LNG Plants to Cater to End-User Demand

    26 March 2014

    The environmental benefits that LNG offers over oil and coal are encouraging the development of natural gas-fired power plants to meet the intensifying energy demand in the Asia-Pacific (APAC) economies. Along with the need for more floating regasification terminals – that reduce the time required to receive cargoes – this is expected to strengthen the […]

  • Santos Acquires Additional Interests in Bangladesh

    4 November 2010

    Santos today announced a further step in its focused Asian growth strategy with the execution of a sale and purchase agreement with Cairn Energy Plc for the acquisition of Cairn’s interests in Bangladesh. The transaction comprises Cairn’s interests in Block 16 (Sangu) and Block 16 (Exploration), located in the Bay of Bengal, offshore Bangladesh. Santos […]

  • Logindo Builds New Dredger

    23 September 2014
    Business & Finance, Equipment, Technology

    The construction of an Indonesian-built dredging vessel, worth approx. $21.9 million, is nearing its completion, and will be finished within the next month. The 90-meter dredger, which is being built for the Dutch-based company Damen Group at PT Logindo Samudramakmur, is the first ship of its kind made outside Europe and is scheduled for completion in […]

  • GIIGNL: global LNG trade climbs 2.5 pct

    5 April 2016

    Global LNG trade hit record high in 2015 driven by new volumes from Australia and Indonesia, GIIGNL, the International Group of Liquefied Natural Gas Importers said in its latest annual report. According to GIIGNL, global LNG trade has grown by 2.5% in 2015, with total quantities reaching an all-time high of 245.2 MT over the year. […]