News

  • CNOOC reports 2020 strategy, development plans

    CNOOC Ltd plans to increase its oil and gas reserves and production steadily through 2022.   The company’s targeted net production for 2020 is 520-530 MMboe, of which, production from China and overseas accounts for 64% and 36%, respectively. The company’s net production for 2019…

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  • SapuraOMV Achieves First Gas from Larak Field Offshore Malaysia

    SapuraOMV Upstream has achieved within budget first production from its Larak gas field offshore Malaysia under the SK408 Production Sharing Contract (PSC).   The SK408 gas fields are part of discoveries made by SapuraOMV in a drilling campaign in 2014. They are tied back to…

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  • Up to 10 wells for ultra-deep-water Myanmar gas tieback

    Total/Woodside Energy’s block A-6 project in the Rakhine basin offshore Myanmar will be the country’s first ultra-deep-water development.   The block covers an area close to 10,000 square kilometres (3,861 square miles) in water depths of up to 2,300 metres (7,546 feet).   Woodside has…

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  • Vestas to Become Carbon-neutral by 2030

    For Vestas, the reality of the climate crisis is at the centre of our business. In more than 40 years of pioneering and leading the wind energy industry, Vestas has worked with customers to reduce greenhouse gas emissions by driving the transition to replace carbon-based…

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  • 2020 Will Be Noteworthy for North Sea

    This year will be noteworthy for the North Sea. That is according to Wood Mackenzie (WoodMac), which said companies will increase production for the first time since 2017 and revealed that the outlook for both exploration and investment is “looking healthy”.   WoodMac also outlined…

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  • Shell invests in next phase of Malikai development

    Shell’s subsidiary, Sabah Shell Petroleum Company, the operator of the Malikai tension-leg platform (TLP) located offshore Sabah, is investing in the second phase of the Malikai deep-water development.   The project, which involves the drilling of two additional oil producing wells and four water injection…

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