South Pacific ///

Seadrill signs new JV with Sonangol, Angola

Seadrill Limited has announced that it has entered into a 50:50 joint venture with Empresa de Serviços e Sondagens de Angola Ltda, an affiliate of Sonangol E.P.

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.

Chevron names presidents of North America, Asia Pacific E&P

Chevron Corporation has named Steven W. Green as president of Chevron North America Exploration and Production, effective March 1, 2019.

Philippines hopeful for South China Sea energy deal

Philippine Energy Secretary Alfonso Cusi is optimistic that a deal to jointly explore disputed areas of the South China Sea for oil and gas will finally move forward when President Xi Jinping visits next month.

Service companies chase international boom as U.S. shale drilling moderates

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.

New products and services

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.

Companies in the news

Michele Cowart, World Oil

LLOG Exploration delivered first production from its Crown and Anchor fields in the Gulf of Mexico, during second-quarter 2018.

Wood wins deepwater contract with Shell in the Philippines

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.

New products and services

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.

Element opens new oil and gas laboratory in Singapore

Element Materials Technology has opened a new laboratory in Singapore, servicing the oil and gas sector.

Companies in the news

Michele Cowart, World Oil

Akofs Offshore has been awarded a contract for light well intervention services, using its 156-m vessel, Akofs Seafarer, for all Equinor-operated licenses, in the period 2020 to 2025.

Tiny Pacific island nation battles oil giant for LNG profits

The tiny, impoverished nation of Papua New Guinea came out on the short end of a $19-billion development with ExxonMobil Corp. to build one of Asia-Pacific’s biggest energy projects. But as the company pushes to expand the venture, the government is vowing that round two may require a much bigger payday for the locals.

TCarta delivers satellite derived bathymetry data for Total's seismic work offshore Myanmar

TCarta, a global provider of marine geospatial products, has delivered satellite derived bathymetry (SDB) to Total. Total will use the water-depth data for preparing seismic survey works off the coast of Myanmar.

Kreuz Challenger vessel mobilized for long-term Brunei Shell contract

Kreuz Subsea has mobilized a new-build dive support vessel as part of its seven-year contract with Brunei Shell.

Harbour Energy seeks Santos growth with $10.3-billion offer

Harbour Energy CEO Linda Cook said she would seek to expand Santos in Asia and Africa after making a $10.3 billion offer for Australia’s third-largest energy producer.

Shell sells New Zealand interests to OMV for $578 million

Royal Dutch Shell plc (Shell), reached an agreement today to sell its shares in Shell entities in New Zealand, to OMV for $578 million.

World’s largest riser support structure installed with unique EPCI solution

Mahesh Swaminathan, McDermott International, Inc.

The EPCI solution was just one of many engineering feats within the INPEX-operated Ichthys LNG Project, offshore Australia.

Woodside crafts new LNG expansion plan after striking Exxon deal

Australia’s Woodside Petroleum finally got what it wanted from Exxon Mobil. And it only cost $744 million.

As oil falters, fuel that drove bull run continues cruising

Oil investors rattled by the threat of U.S. output can find some cheer from diesel demand in Asia.

Woodside tumbles most in 16 months after Shell to sell stake

Woodside Petroleum Ltd. fell the most in 16 months after Europe’s biggest oil company, Royal Dutch Shell Plc, said it would offloaded its entire holding in the Australian liquefied natural gas producer for $2.7 billion.