Empyrean Energy has announced the results of its seismic inversion project, designed to assess the reservoir quality and reservoir rock composition at its Jade and Topaz prospects in Block 29/11 in the Pearl River Mouth Basin, offshore China. Highlights Reservoir rocks at Jade…
National oil companies (NOCs) globally are estimated to cut exploration budgets by over a quarter on average in 2020, says Wood Mackenzie. The analysis is based on announcements and tracking well plans of 11 top spending NOC explorers, including three Chinese NOCs, PTTEP, Petronas,…
Thanks to declining commercial and industrial natural gas demand driven by lockdowns to curb COVID-19’s spread, Rystad Energy predicted on the 18th May that global gas demand will drop nearly two percent this year. “2020 will be the first year since 2009 where there…
Norwegian oil production during April 2020 was above predictions made by the Norwegian Petroleum Directorate (NPD) after a three-month stint of falling short of expectations. According to the directorate’s report on the 20th May, preliminary production figures for April 2020 show an average daily…
Jotun is supplying 19,000 square metres (670,979 square feet) of anti-fouling coatings to protect Odfjell Drilling’s dual-derrick semi-submersible Deepsea Stavanger ahead of an exploration campaign for Total offshore South Africa. To help optimise operations and durability above and below the water line, Jotun is…
Twinza welcomes the announcement by the PNG Prime Minister, the Honourable James Marape, that the National Executive Council has endorsed the submission for development of the Pasca A gas-condensate field in the Gulf of Papua. The Government is ready to commence negotiations with Twinza…
Emperor Energy Ltd, Sydney, has entered a binding agreement with APA Group for pre-front end engineering and design work on Judith gas field in Gippsland basin permit Vic/P47 off eastern Victoria to the north and east of ExxonMobil-BHP’s producing Bass Strait fields. Emperor, which…
Jiangsu Seraphim Solar System Company Ltd (Seraphim), one of the world’s leading solar module manufacturers, recently announced that it has signed an agreement with ERS Energy Sdn Bhd (“ERS”), one of the most influential EPC service providers, to deliver 183 Megawatts of high efficiency solar…
Cyber Criminals Still Busy Amid Pandemic How to contend with COVID-19-driven demand destruction has captured much of the oil and gas industry’s attention in recent months. Another formidable threat, which has risen markedly since last year, deserves much vigilance from many industry players. That is the…
Dutch shipbuilder Damen Shipyards Group has signed an agreement with South Korean-based Hanjin Heavy Industries and Construction (HHIC) to deliver a complete components package for a multi-purpose vessel. Damen said that the package included all equipment for oil recovery operations as well as a…
