Oil & Gas

CNOOC signs PSC with Smart Oil for Block 05/31 in Bohai

CNOOC’s parent company, China National Offshore Oil (CNOOC) has signed a production sharing contract (PSC) with Smart Oil Investment (Smart Oil) for Block 05/31 in Bohai. Located in the junction of Qikou Sag and Nanpu...

Centrica Energy to extend oil production at Chestnut field in UK

Centrica Energy has announced its consent to keep the FPSO Hummingbird Spirit on the Chestnut field in the UK North Sea through March 2016. Owned by Teekay, the cylindrical FPSO has been operating on the...

Cub Energy begins Yolduzu-1 well drilling in Turkey

Oil and gas company Cub Energy has commenced drilling operations at Yolduzu-1 (Y-1) exploration well in Besni license, Southeast Turkey. With a planned total depth (TD) of 1,325m, the company expects the well to take...

Shell, ExxonMobil, BG Group, Woodside join Asia-Pacific Decommissioning Workshop

Offshore liability in the Asia-Pacific is at an all-time high, with ageing infrastructure presenting critical challenges for the planning and execution of decommissioning & abandonment projects. Experts estimate a decommissioning market size of US$32 Billion. The...

6th Asia LNG Forum to Open in September, Shanghai

While the US is becoming an LNG exporter thanks to its fast shale gas development, Asian countries such as Iran and Qatar are shifting their focus to the Asia-Pacific Region, in which China and India will be the main...

Emas AMC wins new contract for Vaalco’s Etame Marin field, offshore Gabon

Offshore contractor Ezra Holdings’ subsea services division Emas AMC has bagged a contract worth $120m from Vaalco Gabon (Etame) for its flagship vessel Lewek Constellation to work on the expansion of Etame Marin field, offshore Gabon. ...

Buccaneer Energy’s Cosmo well flares gas on production test

Australia-based Buccaneer Energy announced that gas flared during a production test at its Cosmo # 1 well in the Cosmopolitan project, Alaska's Cook Inlet. A 73ft section of the sand at approximately 5,500ft measured depth...

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