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Malaysia's InvestKL Woos Top Oil, Gas MNCs to Base in Kuala Lumpur Share your comments
Thursday, October 06, 2016InvestKL, a Malaysian government agency, boosts efforts to lure key multinational corporations, including oil and gas firms, to locate their operations in Greater Kuala Lumpur.

Petrobangla Invites EOIs for 3 Offshore Exploration Blocks in Bay of Bengal Share your comments
Friday, September 30, 2016Petrobangla invites foreign companies to submit expressions of interest (EOI) for oil and gas exploration in three offshore blocks in the Bay of Bengal.

Malaysia's SapuraKencana Posts 7.1% Gain in 2Q FY17 PAT to $27M Share your comments
Thursday, September 29, 2016SapuraKencana Petroleum's profit after tax (PAT) rises 7.1 percent to $27.2 million in the second quarter of financial year 2017 (2Q FY17), but revenue falls 40.2 percent to $410 million.

TH Heavy Engineering, McDermott End Partnership in Malaysia Share your comments
Monday, September 26, 2016Malaysia's TH Heavy Engineering and McDermott end their three-year partnership for offshore oil and gas projects in the country.

Singapore's NUS Slowly Builds its Petroleum Engineering Program Share your comments
Monday, September 26, 2016The National University of Singapore capitalized on the industry downturn to recruit experienced staff for its fledgling petroleum engineering program.

BLOG: Keeping Experienced Staff in Downturn a Tough Call for Asian Services Share your comments
Monday, September 26, 2016Asian offshore oil and gas services companies are caught in a dilemma of retaining experienced staff in the current industry amid cost-cutting pressure.

Farstad Consolidates Australian Ops in Perth, Cuts 35 Jobs Share your comments
Wednesday, September 21, 2016Norway's Farstad Shipping consolidates Australian operations in Perth, leading to a loss of 35 jobs.

Equatorial Guinea Calls on Asia Firms to Participate in EG Ronda 2016 Share your comments
Wednesday, September 21, 2016Equatorial Guinea's Minister of Mines and Hydrocarbons Gabriel Mbaga Obiang Lima calls on Asia Pacific companies to participate in the country's latest oil and gas licensing round (EG Ronda 2016) at an industry event in Singapore.

Thailand's Decom Sector Will Need Workers, Government Policy Share your comments
Wednesday, September 21, 2016With decommissioning assuming greater significance in Thailand as offshore infrastructure ages, the services industry prepares to cope with issues that may arise in the market.

MedcoEnergi Acquires ConocoPhillips' Stake in South Natuna Sea Block Share your comments
Tuesday, September 20, 2016MedcoEnergi inks agreement to acquire ConocoPhillips' stake in the South Natuna Sea Block B Production Sharing Contract (PSC) offshore Indonesia.

Thailand Looks Ahead: Gears Up for Oil, Gas Decommissioning Work Share your comments
Tuesday, September 20, 2016Work is slowly getting underway in Thailand to prepare the country for the decommissioning of ageing oil and gas infrastructure.

Pertamina's Upstream Arm Produces 15% More Oil, Gas Than Planned Share your comments
Monday, September 19, 2016Indonesia's Pertamina foreign upstream arm produces 15% more oil and gas than planned in the January-August period to about 120,600 boepd.

ONGC Videsh Inks Deal with Rosneft to Up Stake in Russia's Vankorneft Share your comments
Thursday, September 15, 2016India's ONGC Videsh inks agreement with Rosneft to acquire an additional 11 percent stake in Vankorneft, the operator of the Vankor field and North Vankor license in Russia.

India, Russia Explore Building of 'Energy Bridge' for Russian Gas Supply Share your comments
Wednesday, September 14, 2016India and Russia launch a working group to explore the potential of building pipelines to transport Russian gas supply to the South Asian country.

Pakistan to Offer 32 Blocks for Oil, Gas Exploration Soon Share your comments
Tuesday, September 13, 2016Pakistan's Ministry of Petroleum and Natural Resources plans to offer 32 blocks for oil and gas exploration soon.

China Mulls More Stringent Environmental Measures for Offshore Exploration Share your comments
Thursday, September 08, 2016China mulls more stringent measures for dealing with offshore oil and gas firms that cause environmental pollution in the country's waters.

Asia Oil, Gas Layoffs Mount as Industry Recovery Stays Elusive Share your comments
Thursday, September 08, 2016The industry downturn continues to weigh on Asian oil and gas workers as redundancies continue to rise with no recovery in sight.

South Korean Yards Restructure, Trim Workforce Share your comments
Thursday, September 08, 2016While Southeast Asian offshore contractors struggle to cope with the effects of the industry downturn, their more established competitors in South Korea have to embark on more severe measures to stay afloat.

APPEA: New Australian Exploration Spending Data is an Urgent Wake-Up Call Share your comments
Tuesday, September 06, 2016The Australian Petroleum Production and Exploration Association (APPEA) says the latest official data on petroleum exploration spending is an urgent wake-up call for state governments and industry.

Woodside Buys 50% of BHP Billiton's Scarborough Assets Off WA for $400M Share your comments
Monday, September 05, 2016Woodside Petroleum inks agreements to acquire half of BHP Billiton's Scarborough area assets in the Carnarvon Basin, off Western Australia for $400 million.

Brazilian Government Plans to Open Talks with Keppel, Sembcorp Marine Share your comments
Monday, September 05, 2016Brazil plans to opens talks with Singapore's Keppel Corp. and Sembcorp Marine to find solutions to the challenges they faced in the country, including issues arising from an ongoing corruption probe.

High Court Says Foreigners Working on Vessels Off Australia Now Need Visas Share your comments
Thursday, September 01, 2016Australia's Minister for Immigration and Border Protection Peter Dutton expresses disappointment with a High Court ruling that foreigners working on vessels involved in offshore resources activities in Australia require visas.

Indonesia Encourages More Exploration, Development Activities in its Waters Share your comments
Wednesday, August 31, 2016Indonesia plans to boost oil and gas activities in its waters, inviting Malaysia to join Pertamina in exploration work, while seeking to speed up development of the East Natuna block.

Malaysia's Coastal Contracts Bullish on Entry into Indonesia's LNG Market Share your comments
Tuesday, August 30, 2016Malaysia's Coastal Contracts is optimistic about its impending entry into Indonesia's liquefied natural gas (LNG) market after acquiring PT Jaya Samudra Karunia Gas (JSK Gas) for $20.8 million.

Bumi Armada's 2Q Revenue Falls 12.2% to $99.7M as FPSO, FGS Incomes Dip Share your comments
Monday, August 29, 2016Malaysia's Bumi Armada posts a revenue of $99.7 million in the second quarter of 2016, down 12.2 percent from a year ago, as contributions from its floating production storage and offloading (FPSO) and floating gas solutions (FGS) units declined.

Iran Likely to Grant Development of 2 Oil Fields to China's CNPC, Sinopec Share your comments
Wednesday, August 24, 2016Iran is likely to grant the development of 2 major oil fields in the country's southwestern Khouzestan province to China's CNPC and Sinopec.

PETRONAS Minimizes Staff Redundancy to Facilitate Capability Development Share your comments
Tuesday, August 23, 2016Malaysia's PETRONAS minimizes layoffs in order for the firm to continue with its capability development, a senior executive says.

OVL Given More Time by Vietnam to Explore Block 128 in South China Sea Share your comments
Tuesday, August 23, 2016India's ONGC Videsh (OVL) gets an extension from Vietnam to continue exploration in Block 128 in the South China Sea.

PETRONAS to Continue Cost Control Measures Even When Oil Price Recovers Share your comments
Thursday, August 18, 2016Malaysia's PETRONAS plans to continue with efforts to control costs even when oil prices recover.

China Set to be the World's 2nd Largest Shale Gas Producer by 2040 Share your comments
Wednesday, August 17, 2016China is poised to be the world's second largest shale gas producer by 2040, according to the U.S. Energy Information Administration.

BLOG: Prolonged Industry Slump Causes Ripple Effects in Singapore Share your comments
Wednesday, August 17, 2016The ripple effects unleashed by the two year-long downturn in global oil prices have hurt not only the profitability of Singapore's offshore sector, but their financial backers too.

LTHE Sees India Investing $5B in Offshore Upstream Sector Over 5 Years Share your comments
Tuesday, August 16, 2016L&T Heavy Engineering (LTHE) sees investments in India's offshore upstream oil and gas industry reaching up to $5 billion over the next 5 years, a top company executive says.

Santos to Set Aside $1B in Impairment Charge for Queensland's GLNG Project Share your comments
Monday, August 15, 2016Santos to set aside $1.05 billion in impairment charge for the Gladstone liquefied natural gas (GLNG) project in Queensland, Australia following a review of its key production assets.

Australia Launches 2016 Offshore Petroleum Exploration Acreage Release Share your comments
Thursday, August 11, 2016Australia launches the 2016 Offshore Petroleum Exploration Acreage Release covering 28 areas across 5 basins offshore the Territory of Ashmore and Cartier Islands and Western Australia.

Court Orders Payment Freeze on Swiber's Bank Guarantee for Indian Projects Share your comments
Wednesday, August 10, 2016An Indian court grants an interim order to freeze payment on bank guarantees posted by Singapore's financially troubled Swiber Holdings for its projects offshore India.

Malaysia's PETRONAS Voices Concerns Over Sarawak's Work Permit Moratorium Share your comments
Wednesday, August 10, 2016Malaysia's PETRONAS voices concerns over a decision to place a moratorium on new permits for employees from outside Sarawak to work in the state.

Uzma Unfazed by Concerns Over Berantai, Balai RSC Cessations in Malaysia Share your comments
Monday, August 08, 2016Malaysia's Uzma does not see any impact arising from the recent cessations of Risk Service Contracts (RSC) in the country on the RSC for the Tanjung Baram oil field offshore Sarawak.

Australia's AIG Says Geoscientists in Energy Sector Face High Unemployment Share your comments
Thursday, August 04, 2016AIG says geoscientists in Australia's energy resource exploration and production segment have the highest rate of unemployment nationally compared to their peers.

Indonesia's Pertamina Takes 24.53% Stake in France's Maurel & Prom Share your comments
Wednesday, August 03, 2016Indonesia's Pertamina acquires France's Maurel & Prom as part of a strategy to enhance its global upstream presence.

Russia Extends Oil, Gas Reach in Asia Post-Ukraine Crisis Share your comments
Monday, August 01, 2016Shunned by the West and hurt by economic sanctions, energy resource-rich Russia looks east to Asia for markets, investments and partners.

Singapore's Troubled Swiber Holdings Opts for Judicial Management Share your comments
Monday, August 01, 2016Swiber Holdings, a troubled Singapore-based offshore construction and support services provider, opts for judicial management after filing application for liquidation.

Singapore's Swiber Holdings to Wind Up Company, 3 Senior Executives Resign Share your comments
Thursday, July 28, 2016Swiber Holdings files an application to wind up the Singapore-based offshore construction and support services firm as 3 senior executives resigned.

SapuraKencana Secures $126M EPCI Contract for the TANAP Project Share your comments
Thursday, July 28, 2016Malaysia's SapuraKencana Petroleum secures its first engineering, procurement, construction and installation (EPCI) contract in Europe with a $126 million deal for the Trans Anatolian Natural Gas Pipeline (TANAP) project offshore Dardanelles Strait.

Indonesia President Joko Widodo Names Archandra Tahar as Energy Minister Share your comments
Wednesday, July 27, 2016Indonesia's President Joko Widodo appoints Archandra Tahar as Energy and Mineral Resources Minister in a cabinet reshuffle, replacing Sudirman Said, according to local media.

India-Led Joint Expedition Finds Large Gas Hydrate Deposit in Bay of Bengal Share your comments
Tuesday, July 26, 2016India, with support from U.S. Geological Survey and Japanese government agencies and companies, discovers large amounts of natural gas hydrate in the Bay of Bengal.

Indonesia Invites Bids for 14 Conventional Oil & Gas Blocks Share your comments
Thursday, July 21, 2016Indonesia's Ministry of Energy and Mineral Resources issues invitation for energy companies to bid for 14 conventional oil and gas blocks.

BLOG: PTT Scours Ways of Funding Core Business Share your comments
Thursday, July 21, 2016Thailand's national oil firm PTT spares no effort in the search for fund its core business in the current challenging market.

BHP Billiton Cuts Petroleum CAPEX by 44% in FY2017 to $1.4B Share your comments
Wednesday, July 20, 2016BHP Billiton cuts oil and gas capital expenditure (CAPEX) by 44 percent in financial year 2017 to $1.4 billion, compared to $2.5 billion in the previous year.

Australia's PM Names Josh Frydenberg as Minister for Environment and Energy Share your comments
Tuesday, July 19, 2016Australia's Prime Minister Malcolm Turnbull, fresh from a narrow general election victory, appoints Josh Frydenberg as Minister for the Environment and Energy.

BP's $8 Billion Tangguh Project Boosts Indonesia's Upstream Job Market Share your comments
Tuesday, July 19, 2016BP and its joint venture partners agree to develop the Tangguh Expansion Project in Papua Barat Province, lifting some gloom from Indonesia's upstream employment market.