Asia Pacific

ROVs

Forum Energy Appoints Chinese Partner to Support Asian Growth Strategy

Forum Energy Technologies said June 8 that Wuxi Haiying-Cal Tec Marine Technology Co. Ltd. will represent Forum for the sale of the company’s extensive range of remotely operated vehicles in China, including its recently launched XLe Spirit electric ROV.

June 8, 2020

Highlights , Shale Plays

Best of This Week’s Drilling Activity Highlights (June 5, 2020)

Four Eagle Ford Shale wells completed by EOG Resources from a single pad in Gonzales County, Texas, plus an oil discovery offshore Mexico by Eni top this week’s drilling activity highlights from around the world.

June 5, 2020

Digital Oilfield

Siemens to Power Petronas Gas Field Development Offshore Malaysia

The customer, Malaysia Marine and Heavy Engineering (MMHE) has formed a joint venture with TechnipFMC to execute this work, with Petronas Carigali Sdn Bhd (PCSB) as the end user. 

June 3, 2020

Crude Oil , International , Storage

Oil Minister: India Looks to Store Cheap Oil in US

India’s plan is similar to Australia’s.

May 26, 2020

Exploration & Production

CNOOC Launches Combined Penglai Oilfield Project with Partner ConocoPhillips

The offshore development is in China's Bohai Bay and is expected to reach peak production of 15,681 bbl/d of crude oil in 2022.

May 22, 2020

Emissions , Technology

KBR Wins Feasibility Study for High CO2 Gas Field Development in Southeast Asia

KBR has been awarded a master service agreement and feasibility study on May 13 by JX Nippon Oil & Gas Exploration Corp., a leading integrated energy, resources and materials group in Japan.

May 14, 2020

Exploration & Production , Policy & Regulations

US Says China Should Stop ‘Bullying Behavior’ in South China Sea

Three regional security sources told Reuters on April 17 that a Chinese government survey ship was tagging an exploration vessel operated by Malaysia’s state oil company Petronas in those waters.

April 20, 2020

Crude Oil , Trade , International

Saudi Arabia Cuts Oil Prices to Asia, Raises US

Saudi Arabia's cut in prices to Asia reflect weak demand, while pricing to Europe and the U.S. reflect oil market fundamentals and the global supply cut pact, an industry source told Reuters.

April 13, 2020

Liquefied Natural Gas (LNG) , Tankers

LNG Cargoes Head to China After Beijing Awards Tax Waivers

Shipments are the first from the US since March 2019.

April 7, 2020