CessCon Decom breaks ground on Brunei decommissioning yard
Scottish oil and gas removals firm CessCon Decom has broken ground on its Brunei decommissioning and marine maintenance facility, which is set to launch in 2025.
Brunei
Shell terminates another Sapura Energy contract
Shell reduced the scope of the contract “for cause” in March this year, alleging breaches of contract by Sapura Offshore.
China’s taking control of LNG as global demand booms
A rush by China to sign new long-term liquefied natural gas (LNG) deals promises to give the nation even more control over the global market at a time when competition for cargoes is booming.
Brunei set to expand long-term LNG supply to Japan
Brunei LNG will start supplying liquefied natural gas (LNG) to Japan Petroleum Exploration Co. (JAPEX) from April as the company seeks to stabilise finances by boosting shipments to its largest export destination, reported Nikkei Asia.
Petronas awards Fugro deal to progress Kelidang offshore Brunei
Dutch company Fugro said Wednesday it had received a "sizeable" contract from Malaysia’s Petronas Carigali, for the Kelidang Cluster gas field development project offshore Brunei.
Kent teams up with Serikandi Oilfield Services in Brunei
Kent has signed a joint venture agreement with Serikandi Oilfield Services in Brunei to pursue and execute select, EPC, EPCm, brownfield, and commissioning activities in the Southeast Asia nation.
Shell explores carbon transport and storage in Singapore and Brunei
Shell (LON:SHEL) said today that it is exploring the feasibility of carbon transport and storage options for Brunei and Singapore. Significantly, this could potentially form part of a carbon capture and storage (CCS) hub in Southeast Asia.
Medco Energi eyes more acquisitions in Southeast Asia, ESG in focus
Indonesia’s Medco Energi (IDX:MEDC) is on the lookout for more merger and acquisition (M&A) opportunities in Southeast Asia after successfully buying ConocoPhillips Indonesian assets in a $1.355 billion deal struck last year.
Shell upbeat on CCS prospects in Asia
Shell (LON:SHEL) is upbeat about the opportunities for carbon capture and storage (CCS) in Asia Pacific, as the supermajor explores various potential storage site options across its portfolio in the region, which includes Australia, Malaysia and Brunei.
Brunei hopes to boost oil and gas production after new discovery
Brunei plans to boost production of oil and gas following the discovery of 42 million barrels of oil equivalent last year, according to energy minister Mat Suny bin Mohd Hussein. Significantly, the country is banking on new finds to reverse an expected decline in upstream output.
Covid threatens to derail Shell’s oil and gas output in Brunei
Brunei Shell Petroleum has rolled out measures in an attempt to ward off disruptions to oil and gas production in Brunei following a significant number of Covid-19 infections detected at offshore platforms in the Champion field, the country’s biggest source of hydrocarbons.
Shell triggers action plan amid growing Covid cluster offshore Brunei
Brunei Shell Petroleum has implemented a business continuity plan (BCP) to help limit the spread of Covid-19 in Brunei and maintain upstream production in the Southeast Asian nation.
Shell hit by Covid-19 clusters in Brunei
Brunei’s oil and gas sector has been reporting an increasing number of Covid-19 cases following 22 new infections that were linked to the Shell-operated Champion 7 offshore oilfield cluster.
Japan’s plan to cut LNG demand is unrealistic says Rystad
Japan’s recent revision to its strategic energy plan (SEP) lowers the targeted share of liquefied natural gas (LNG) in the country’s power generation mix in 2030 to 20% from 27% previously, as a measure to cut emissions. However, analysis from Rystad Energy concludes that Japan’s targets are too ambitious and that the changes the new plan will bring will mostly be in the structure of commodities trading.
Murphy halts Brunei sale after Shell makes deepwater discovery
Murphy Oil has decided not to sell its stake in Block CA-1 offshore Brunei following a deepwater discovery by the block’s operator Shell.
Southeast Asia deepwater spend set to double in 2021
Deep-water drilling activities are bouncing back in Southeast Asia following a lacklustre 2020 with overall spending expected to rise 51% this year to $504 million and almost back to 2019 levels, estimates from Rystad Energy show.
Osaka Gas gets first carbon neutral LNG cargo from Shell
Shell has supplied Osaka Gas with its first shipment of carbon neutral liquefied natural gas (LNG) as the Japanese company strives to meet its 2050 net-zero goal.
Malaysia-Brunei unitisation pact bodes well for Shell
Malaysia and Brunei have finally formalised a previously stalled unitisation agreement for the Gumusut-Kakap and Geronggong-Jagus East fields that straddle the international maritime boundary between the two countries. The about turn bodes well for Anglo-Dutch supermajor Shell, which has stitched up most of the acreage in Brunei’s offshore.
Maersk Drilling secures £35m contract extension
Brunei Shell Petroleum has exercised a £35 million contract extension option for the Maersk Convincer jack-up rig for work offshore Brunei Darussalam.
Decom North Sea in pact to open up opportunities in Brunei
Representative body Decom North Sea (DNS) has entered into a pact to help its members find work in Brunei’s growing late life and decommissioning sector.
Exclusive: Shell-Total deal delayed by Malaysia-Brunei spat
Malaysia has revoked a cross-border agreement with Brunei to jointly develop fields along the Malaysian-Brunei maritime boundary.
Australia leads in bumper year for Asia Pacific FIDs
Looming wave of final investment decisions (FIDs) will provide massive boost for offshore oilfield service sector in Southeast Asia
Brunei said to be willing to prolong OPEC cuts, claims Saudi’s energy minister
Saudi Arabia's energy minister Khalid al-Falih has claimed that Brunei has expressed a "willingness" to extend the global oil cut agreement between OPEC and non-OPEC countries.
Amec clinches engineering deal with Shell in Brunei
Amec Foster Wheeler (AFW) said today that it had clinched a contract to upgrade Shell’s installations in Brunei.
Opinion: The secret wealth of the world’s richest oil billionaires
A policy of nationalizing chunks of an economy inevitably creates oligarchs who skim profits off the country's natural resources.