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Samudra to start using second drilling rig in Q4
Kejuruteraan Samudra Timur Bhd (KSTB) expects its second land-drilling rig to be operational by the fourth quarter, said executive director Datuk Chee Peck Kiat.
“It will be based in the Middle East or South-East Asia,” he said after the company AGM yesterday. The first unit is currently mobilised in India.
Chee said the second rig [...]
Deleum shares up on bullish O&G sector
Oil support services provider Deleum Bhd, which made an impressive debut on Bursa Malaysia main board last Friday, continued on its winning streak yesterday, with its shares putting on RM1.22, or 29.2%, and closing at the day’s high of RM5.40.
Analysts said the growing demand in the oil and gas (O&G) sector and expectations that [...]
OGA 2007 To Boost Malaysian Oil And Gas Industry
The local oil and gas exploration and production industry is expected to receive a boost from the 11th Asian Oil, Gas and Petrochemical Engineering Exhibition (OGA) 2007 which will held here from June 13 to 15.
The event is expected to draw more than 800 companies from over 50 countries, including the United States, the United [...]
Exxon Mobil exec retiring after lengthy career
An Exxon Mobil Corp. division president is retiring after 36 years with the company.
Philip J. Dingle, 58, president of Houston-based Exxon Mobil Gas & Power Marketing Co., is retiring effective Oct. 1, the company said Wednesday.
The Irving-based oil giant has appointed Andy P. Swiger as the new president of the segment. He will become [...]
Oil majors revisit region
Oil majors are stepping up exploration in aging or neglected areas of Asia, potentially helping lift output a decade after shunning the region to hunt for giant oilfields in patches with more potential.
Oil majors are stepping up exploration in aging or neglected areas of Asia, potentially helping lift output a decade after shunning the region [...]
ExxonMobil sets deadline for Guntong project
US oil giant Exxon Mobil Corp’s subsidiary, ExxonMobil Exploration and Production Malaysia Inc (EMEPMI) will focus on completing the commissioning of the remaining turbo-compressors at its new Guntong E platform this year as part of its aim to meet the growing demand for gas in the country.
“We have started operations on the Guntong [...]
Nigeria: New Nigeria Production Sees 3m B/D By Year – End
NEW Nigeria oil production will see output rise from 2.4 million barrels per day (b/d) to three million barrels p/d due to increased production from deepwater fields, Dr. Edmund Daukoru said during a visit to Malaysia recently.Although Royal Dutch Shell, one of the operators in Nigeria’s Niger Delta fears it would take longer to restore [...]
