Gulfoilandgas.com Asia News

Subsea 7 to Discontinue of SapuraAcergy Joint Venture

Tue, 17 Oct 2017 00:00:00 GMT

Subsea 7 S.A. announced an agreement with Sapura Energy Berhad to discontinue the SapuraAcergy joint venture. SapuraAcergy’s heavy-lift and pipelay vessel, Sapura 3000, has been sold to a subsidiary o...

Gazprom & Mitsui Ink Discuss LNG Cooperation

Tue, 17 Oct 2017 00:00:00 GMT

A working meeting between Alexey Miller, Chairman of the Management Committee of Gazprom, and Tatsuo Yasunaga, Representative Director, CEO of Mitsui & Co., Ltd., took place today in Moscow. ...

SOCAR’s Budget Payments for September 2017

Tue, 17 Oct 2017 00:00:00 GMT

SOCAR paid AZN 117 million 330 thousand to the State Budget for September of the current year. In general, for January-September 2017, SOCAR transferred AZN 1 billion 165 million 678 thousand (AZN 140...

Nord Stream – Five Years of Successful Gas Supply to Europe

Mon, 16 Oct 2017 00:00:00 GMT

Five years ago, in October 2012, the operation of the reliable, modern and efficient Nord Stream twin gas pipeline for transportation of 55 billion cubic metres (bcm) of Russian natural gas to Europea...

TAP Pipe Deliveries Complete to Albania, Greece and Italy

Mon, 16 Oct 2017 00:00:00 GMT

The last shipment of steel line-pipes for the construction of the Trans Adriatic Pipeline (TAP) arrived in Thessaloniki, Greece, marking the completion and final delivery of all line-pipes to TAP’s ho...

Reliance Industries Relinquishes Myanmar Blocks

Mon, 16 Oct 2017 00:00:00 GMT

Reliance Industries (RIL) has sold all its conventional oil and gas exploration blocks outside India. During the July-September quarter, the company pulled out of Myanmar blocks M17 and M18 the compan...

Renco to Drill Amanah Timur-2 Appraisal Well in Q1 2018

Mon, 16 Oct 2017 00:00:00 GMT

JV partner Lion Energy reports that the South Block A PSC joint venture (Lion equity share: 40.7%) has formally approved drilling of the AMT-2 well to appraise the 2017 Amanah Timur-1 (AMT-1) discover...

Yokogawa Participates in Series B Round of Funding for FogHorn Systems

Mon, 16 Oct 2017 00:00:00 GMT

Yokogawa Electric Corporation announces that it has participated in the Series B round of funding for FogHorn Systems Inc., a Silicon Valley startup that is a leading developer of fog computing techno...

Iran Eyes Enhanced Oil Production thru $5b Investment Package

Sun, 15 Oct 2017 00:00:00 GMT

Iran is preparing a $5 billion investment package for maintaining and enhancing production of the country"s oilfields, Iranian Minister of Petroleum Bijan Zangeneh said. Addressing an energy congress ...

Iran Oil Exports Record 8-Month Rise

Sat, 14 Oct 2017 00:00:00 GMT

Market figures show Iran’s exports of crude oil have reached the highest level since February. Figures released by Bloomberg show that Iran shipped 2.28 million barrels a day (mb/d) of crude oil to in...

Edison & Gas Natural Fenosa Sign Binding Agreement for Shah Deniz II Gas Contract

Fri, 13 Oct 2017 00:00:00 GMT

Edison and Gas Natural Fenosa have signed a binding agreement for the acquisition by Edison of Gas Natural Vendita Italia and of the Shah Deniz II gas contract. Edison, through this transaction, incre...

New Standby Vessel for Sakhalin-2 Named Fedor Ushakov

Fri, 13 Oct 2017 00:00:00 GMT

The naming ceremony took place for Fedor Ushakov, a new multifunctional icebreaking standby vessel (IBSBV) built for Sakhalin-2 project under a long-term agreement between Sakhalin Energy and Sovcomfl...

Fugro Boosts Offshore Wind Projects in Taiwan

Fri, 13 Oct 2017 00:00:00 GMT

Complementing its 30 years of experience offshore Taiwan, Fugro has completed geotechnical and geophysical surveys for feasibility studies, installation, commissioning and cost-effective operation of ...

Iran Plans for Giant Leap in Oil Industry

Fri, 13 Oct 2017 00:00:00 GMT

Iran says it is gearing up efforts including study of its oil reserves to ramp up the country"s crude oil production, a senior Iranian oil official says. ...

EOR Vital to Iran Oil Industry

Thu, 12 Oct 2017 00:00:00 GMT

A senior official at Italy"s ENI says enhancing production from oilfields by even 1% would be a great advancement for Iran. ...

Omsk Refinery Begins Production of Environmentally Friendly Marine Fuels

Thu, 12 Oct 2017 00:00:00 GMT

The first batch of a new improved environmentally friendly marine fuel* has been produced at the Omsk Refinery. The fuel’s minimum sulphur content —of no more than 0.1 percent — means the product is s...

AkerBP Receives Consent to Use Maersk Interceptor on the Tambar Field

Thu, 12 Oct 2017 00:00:00 GMT

AkerBP has received consent to use Maersk Interceptor on the Tambar field for drilling and completion of wells 1/3-K-4 and 1/3-K-2.

AkerBP has received consent to use Maersk Inter...

POGC in Netherland Offshore Exhibition

Wed, 11 Oct 2017 00:00:00 GMT

To introduce investment opportunities in South Pars gas field, POGC‘s representatives attended 2017 energy offshore exhibition which is now being held in Amsterdam, Netherland. This exhibition opened ...

Gazprom Neft Partnership is Developing Russia’s First Integrated It Platform

Wed, 11 Oct 2017 00:00:00 GMT

Specialists from the Gazprom Neft Science and Technology Centre, in partnership withYandex Terra (LLC Seysmotek), Pangea PJSC and the Moscow Institute of Physics and Technology (MIPT) are developing R...

Mubadala Commences Manora Field Drilling Campaign in Thailand

Wed, 11 Oct 2017 00:00:00 GMT

Tap Oil Limited provides the following update on the Manora Oil Field in the Northern Gulf of Thailand (TAP 30% interest). Mubadala Petroleum, Operator of the G1/48 concession containing the Manora Oi...