WorldOil Petrofac considers offshore oil asset sale in Malaysia Petrofac is weighing a sale of its Malaysian assets for about $300 million, according to people with knowledge of the matter. Philippines ignores international ruling, takes exploration deal with China Philippine President Rodrigo Duterte said he will ignore an international court ruling affirming his country’s territorial claims in the South China Sea in order to advance oil exploration plans with Beijing. MODEC introduces two next-generation newbuild FPSO hulls MODEC introduced two new built FPSO hulls, addressing lack of deck area and crude storage capacity common among typical designs based on converted oil tankers. UK warship arrives to protect Hormuz as Seoul mulls deployment Efforts to secure safe passage through the Strait of Hormuz are ramping up as the UK said a second warship arrived in the area and South Korea may deploy its own unit as part of a multinational force. China raises security warning on vessels plying Malacca Strait China raised the security level for its vessels heading through the Strait of Malacca, a key Asian trade route and major oil choke point. IEA: Asia demand set to power global gas growth over the next five years After another record year, global demand for natural gas is set to keep growing over the next five years, driven by strong consumption in fast-growing Asian economies and supported by the continued development of the international gas trade. Sparrows Group selects Deladi Petroleum Services as sole agent in Brunei Sparrows Group has appointed Deladi Petroleum Services Sdn Bhd as their sole representative in Brunei. There's an oil superstore at sea hoarding fuel for a gathering storm The world’s biggest offshore oil supermarket is stocking up for anti-pollution rules that Goldman Sachs Group Inc. predicts will upend energy markets. Xodus strengthens Perth workforce after successful year International energy consultancy Xodus Group has grown its team in Perth by almost 50% after a batch of new contract wins in the Asia-Pacific (APAC) region over the last twelve months. Halliburton President and CEO Jeff Miller appointed as chairman of the board Halliburton Company has announced its board of directors has appointed Jeff Miller, the company’s president and CEO, as chairman of the board, effective Jan. 1, 2019.