South Asia ///
Chevron Corporation has named Steven W. Green as president of Chevron North America Exploration and Production, effective March 1, 2019.
Global integrated subsea services business, Kreuz Subsea and consortium partner Seamec Ltd, have successfully completed the mobilization of the Kreuz Glorious vessel to commence a two-year project with India’s Oil & Natural Gas Corporation (ONGC).
At a time when production at traditional offshore assets on the west coast is set to decline over the next decade, the upcoming deepwater and ultra-deepwater projects in the Krishna-Godavari (KG) basin at the Bay of Bengal will play a crucial role in India’s move towards a natural gas-based economy.
The biggest providers of oilfield services are surfing a wave of international spending on the back of higher prices, but the good news is tempered by an activity slowdown in their own back yard.
Michele Cowart, World Oil
Norway’s largest and longest pipeline, laid by the vessel Saipem Castorone, has reached Johan Sverdrup field.
Baker Hughes, a GE company, McDermott International, Inc. and L&T Hydrocarbon Engineering (LTHE), a subsidiary of Larsen & Toubro (NSE: LT), were awarded the subsea contract for India’s Oil & Natural Gas Corporation’s (ONGC) largest deepwater project, the development of block DWN-98/2 in the Krishna Godavari basin.
Total announces a successful appraisal of the A6 Block, Shwe Yee Htun-2 discovery, offshore Myanmar, completing a major step towards confirming a commercial project. The well was drilled to a final depth of 4,820 m and encountered 40 m of net gas pay in a high-quality reservoir.
Michele Cowart, World Oil
Weatherford International introduced its Rotaflex long-stroke pumping unit that improves artificial lift efficiency in deep, high-volume and high gas-to-liquids wells.
Michele Cowart, World Oil
Over the next 30 years, India is predicted to be one of the world’s fastest-growing economies.
India’s efforts to sell a $1.6-billion stake in Oil & Natural Gas Corp. (ONGC) has run into concerns that government policies on fuel pricing would weigh on the state-run explorer’s share price, according to people with knowledge of the situation.
Wavefront Technology Solutions Inc., the advanced IOR and EOR company, has commenced the previously announced powerwave well stimulation campaign in India.
Wood has secured a new, six-year contract with Shell to provide asset management services to the Malampaya deepwater gas-to-power project in the Philippines.
Vantage Oilfield Solutions Sdn Bhd (Vantage) has received a work order award from Petronas Carigali Sdn Bhd (Petronas Carigali) for the Provision of annulus wash and cementing assurance for Kepong-A field, Terengganu, Malaysia.
Baker Hughes, a GE company, has been awarded a development contract by Cairn Oil & Gas, Vedanta Limited to construct approx. 300 new wells and deploy a chemical EOR program aimed at increasing production from the Rajasthan area.
Michele Cowart, World Oil
Plenty-brand screw and vane pumps from SPX Flow are engineered to pump heavy viscous fluids, and are ideal for forced lubrication of rotating machinery and fuel transfer processes.
American oil producers may find a new friend in India as they brace for a trade war with China that could curb U.S. shipments.
Watson Farley & Williams (“WFW”) has advised OMV on the completion of its sale of two wholly-owned subsidiaries comprising its upstream exploration and production business in Pakistan (“OMV Pakistan”) to Dragon Prime Hong Kong Ltd., Hong Kong, for an agreed consideration of €158 million.
One of Iran’s biggest oil buyers said it has enough alternative sources of crude to replace any supplies cut off by U.S. sanctions on the Persian Gulf state -- even if shipments stop completely.
The good news for global natural gas exporters is that India’s largest utility is hunting for new supplies to import. The bad: It’s seeking shorter deals than have been traditional in the past.
A U.S. State Department official called on Asia’s energy sector to open its doors to outside competition, even as tensions between Washington and Beijing escalate.