Shearwater GeoServices Holding AS has been awarded the largest-ever 4-D seismic campaign in the Asia Pacific region covering up to six fields operated by Woodside in Australia, the company said on Nov. 18.
Prime Minister met with CEOs of oil majors during his recent trip to Houston.
Oil prices rose on Nov. 12, reversing early losses on hopes that President Donald Trump may signal progress on trade talks with China in a speech later in the day.
The contract will extend by 20 years the current contract with the same companies that will expire in late 2023.
Last year, BHP ended a massive loss-making seven-year foray into shale by selling most of its U.S. onshore shale oil and gas assets to BP for $10.5 billion.
Southeast Asia could become a net importer of fossil fuels in the next few years, raising the financial burden on governments and increasing carbon emissions in the region, the International Energy Agency (IEA) warned in a report.
The company has a 62% participating interest in the IDD-II project, which covers development of the oil- and gas-rich Gendalo and Gehem fields.
In an attempt to diversify its business, the company has taken a 23% stake in U.S.-based Principle Power, a developer of floating wind power technology, and is involved in floating wind power projects in the United States and South Korea.