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Middle East & South Asia

Japanese oil company Inpex has announced that its $34bn Ichthys project is set to open in late-2016. Inpex chief executive Toshiaki Kitamura told the West Australian that the Ichthys project was 68% complete. Industry speculation is that the project may face potential delays and would fall short of budget in…
Brent crude oil prices fell on Tuesday following amid reports of higher supply from the Middle East, despite conflicts in Iraq, Syria, and Yemen. Strengthening of green back also weighed on the prices as the dollar reached one week high, making oil dearer for buyers in other currencies. Front-month Brent…
The Australian Government has identified 29 offshore oil and gas blocks for bidding during its annual Offshore Petroleum Exploration Acreage Release. The release comprises 29 areas located across eight basins in Commonwealth waters and includes 23 areas for work programme bidding and six areas for cash bidding. The basins are…
Global marine engineering services provider Great Eastern Group (GEG) has taken delivery of two Predator inspection-class remotely operated vehicle (ROV) systems from Seatronics. Integrated with SeeByte's SeeTrack CoPilot, the Seatronics and SeeByte systems provide a complete comprehensive ROV inspection process. GEG plans to use the Predators to provide improved capabilities…
Oil prices witnessed an increase on Monday over concerns that conflict in Iraq and Yemen could upset supplies. Front-month brent futures increased 65 cents to $67.46 a barrel, while US crude rose 79 cents to $60.48, Reuters reported. Conflicts including Islamic State militants seizing control of Ramadi, and a Saudi-led…
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