Seascape Energy has signed a letter of agreement with Petronas for a 547-square-kilometre extension of its Temaris Cluster Small Field Asset production sharing contract (PSC) offshore Malaysia, potentially doubling the gas resources identified in the area.The extension, located north and east of the existing acreage, will increase the Temaris PSC area by approximately 45% to around
Offshore drilling contractor Seadrill has secured new drilling contracts and extensions covering four rigs offshore Indonesia, Malaysia, Angola and in the U.S. Gulf.
Conrad Asia Energy has confirmed the arrival of the Valaris 104 jack-up rig at PaxOcean's shipyard in Batam in Indonesia, where it will be converted into a mobile offshore production unit (MOPU) for
Murphy Oil Corporation has reported a successful appraisal well offshore Côte d'Ivoire and an oil discovery offshore Vietnam, alongside the start of production from two offshore developments in
Oil markets initially treated the Iran war as a brief bullish disruption in a long-term bearish trend. But traders are now betting that oil prices will remain elevated through 2028
Oil prices oscillated on Monday as the market considered possible further supplies after US President Donald Trump hailed fresh Russian diesel exports against supply-constricting signals after major
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