Otto Energy Limited, as Operator of the producing Galoc oilfield Joint Venture offshore the Philippines, provides the following update on studies that have recently been undertaken on the further exploration potential at the Galoc field. Studies undertaken since new high resolution 3D seismic data was acquired in 2012 have supported the potential for a further [...]
Depleting shallow water reserves and a lack of new shallow water discoveries means that offshore exploration and production activity in deepwater regions is becoming a new fashion, states a new report by energy experts GBI Research. The new report states that the search for hydrocarbons in more challenging areas has been on the rise, as [...]
Brunei Shell Petroleum Company Sdn Bhd (BSP) has received two intermediate twin engine AW139 helicopters just six months after the contract was awarded to AgustaWestland, a Finmeccanica company. The aircrafts will be used to perform offshore transport missions from Brunei Shell’s Anduki base in Brunei and they will benefit from a comprehensive power-by-the-hour support package delivered [...]
Coastal Energy Company, an independent exploration and production company with assets in Southeast Asia, today announces the results of the Bua Ban North B-17 and Ko Kra A-01 exploration wells and an update to its 2013 guidance. Bua Ban North The Bua Ban North B-17 well was drilled to a depth of 3,800 feet TVDSS. [...]
Sembcorp Marine announced the appointment of Wong Teck Cheong as the Managing Director of PPL Shipyard with effect from 14 June 2013, following the completion of Service Agreement by Douglas Tan Ah Hwa on the same date. Wong, 51 years old, has served as the General Manager for Special Construction and the Chief Risk Officer [...]
Australia’s Origin Energy has, on behalf of the Block 121 Joint Venture, announced that the 121-Ca Voi-1X well spudded at 0730 hours local (Vietnam) time on 15 June 2013. The well is being drilled using the semi-submersible drilling rig Ocean General. Origin said it would only advise the market again when well operations have been [...]
Top News of The Week June 10 – 15, 2013
Oil Spill Response Limited (OSRL), the global oil spill response cooperative funded by more than 160 environmentally responsible oil and energy companies, announced the opening of a new base with enhanced response capabilities at Loyang in Singapore yesterday. The opening of the base is a milestone event for the maritime and oil and gas industries [...]
Nido Petroleum Limited has annonuced that its wholly owned subsidiary, Nido Petroleum Philippines Pty Ltd, has secured a 6 month extension from its Joint Venture partner in Service Contract 58, PNOC Exploration Corporation, to defer the ‘election to drill date’ under its farmin agreement from 30 June 2013 to 11 January 2014. Some Facts about Service Contract 58 [...]
The BP Statistical Review of World Energy 2013 – the 62nd annual report – is launched today, revealing that 2012 had the largest single-year increase in US oil production ever recorded, and new evidence of the flexibility of the world’s energy system in meeting rapid global change. The US recorded the world’s highest growth in [...]
