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Regional News: Austral-Asia

 
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National Hyperbaric Centre Opens New Singapore Facility
Friday, April 18, 2014 The National Hyperbaric Centre is opening an office in Singapore to provide subsea-related Training, Consulting, Diving/ROV Technical support and senior industry personnel for specialist projects.

Santos Revenue Grows as Projects near Completion
Thursday, April 17, 2014 Higher oil sales offset flat production returns to bolster Australian company Santos' quarterly results.

Woodside Delivers Higher Revenues
Thursday, April 17, 2014 Additional oil sales and higher LNG prices pushed Woodside Petroleum's quarterly revenue in a positive direction.

Keppel O&M's Net Profit Rises 11% in 1Q 2014 to $184.89M
Thursday, April 17, 2014 Keppel Offshore and Marine records a net profit of $184.89 million in the first quarter of 2014, up 11 percent from a year ago.

Linc Energy Stands Firm in Environmental Dispute with Queensland Government
Thursday, April 17, 2014 Linc Energy stands firm in a dispute with the Queensland government in Australia over allegations that it has caused unauthorized environmental harm at the Chinchilla Underground Coal Gasification Research and Development Facility.

  



Maersk Valiant Drillships Heads to GOM After Delivery from SHI's Shipyard
Thursday, April 17, 2014 Maersk Valiant drillship heads to the Gulf of Mexico for a two year assignment after delivery from Samsung Heavy Industries shipyard in Geoje-Si, South Korea.

Shell Finds Gas at Rosmari-1 Well in SK318 Offshore Malaysia
Thursday, April 17, 2014 Shell makes a deepwater gas discovery at Rosmari-1 exploration well in Block SK318 offshore Sarawak, Malaysia.

Gardline CGG Wins Asia Pacific Seismic Survey, Geochemical Sampling Deals
Thursday, April 17, 2014 The Gardline CGG joint venture wins three seismic survey and geochemical sampling contracts from companies in Australia and Southeast Asia.

Ezion Bags $79M Charter Contracts to Supply Service Rigs
Wednesday, April 16, 2014 Ezion Holdings bags 3-year charter contracts, worth $78.7 million, for the provision of two service rigs.

Malaysia's Hong Leong Subscribes for $155M New Shares in Ezion
Wednesday, April 16, 2014 Ezion Holdings announces that two subsidiaries of Malaysia's Hong Leong Company will each subscribe for 50 million new ordinary shares in the firm for approximately $155 million.

CIMC Raffles Delivers Newbuild Jackup HYSY 932 to COSL
Wednesday, April 16, 2014 CIMC Raffles delivers HYSY 932 to China Oilfield Services Limited, with the newbuild jackup to head to China's Bohai Bay soon to commence operations.

BHP Billiton Updates 2014 Production Guidance
Wednesday, April 16, 2014 Operational activities force the diversified resources company to adjust its petroleum division's production guidance for the current financial year.

Peak Oil & Gas Completes Seismic Work Over North Sumatra South Block A PSC
Wednesday, April 16, 2014 Peak Oil and Gas completes 2D seismic acquisition program over North Sumatra South Block A Production Sharing Contract in Indonesia.

Thailand's PTT Cuts 2014 Investment Due to Political Unrest
Wednesday, April 16, 2014 PTT, Thailand's top energy firm, plans to cut its 2014 investment budget by as much as 30 percent to $1.86 billion as the country's ongoing political unrest delays the launch of new projects.

Singapore's Keppel Corp 1Q Net Profit Falls 5%
Wednesday, April 16, 2014 Rig maker Keppel sees first quarter net profit drop 5%.

AGL Settles Outstanding Cash Calls for PEL 96 JV in South Australia
Wednesday, April 16, 2014 Strike Energy reports that partner Australian Gasfields has paid in full all of the past due cash calls for PEL 96 joint venture in South Australia.

NZ's Pateke-4H Well Drilling Cost to Rise Due to Operational Difficulties
Tuesday, April 15, 2014 AWE reports that drilling cost for Pateke-4H development well in petroleum mining permit 38158 offshore New Zealand is expected to rise due to operational difficulties.

Eni, KrisEnergy Take Over Neon's 25% Stake in Blocks 105, 120 Off Vietnam
Tuesday, April 15, 2014 Eni and KrisEnergy take over Neon Energy's 25 percent stake in two blocks offshore Vietnam after the latter defaulted on payments under the joint operating agreements.

China Inc Joins the Big League in Oil and Gas Services
Tuesday, April 15, 2014 Global oil companies are increasingly turning to China for services and equipment, attracted by lower costs and a newly acquired expertise that is challenging more established rivals.

Mosman Inks Land Agreements for Drilling in NZ's Petroleum Creek Project
Tuesday, April 15, 2014 Mosman Oil and Gas inks land agreements to prepare for drilling at Crossroads-1 and Crestal-1 wells in the Petroleum Creek Project in New Zealand's South Island.

Santos Ends Drilling Work at Mt Kitty-1 in Amadeus Basin After Rig Incident
Tuesday, April 15, 2014 Santos ends drilling operations at Mt Kitty 1 well in Amadeus Basin in Northern Territory, Australia after an incident on the rig.

Horizon Oil Gets Approval to Develop Stanley Gas, Condensate Project in PNG
Monday, April 14, 2014 Horizon Oil receives approval to develop the Stanley gas condensate project in Western Province, Papua New Guinea.

Malaysia's Kulim to List Oil & Gas Services Unit
Monday, April 14, 2014 Malaysia's Kulim plans to list its oil and gas services subsidiary, E. A. Technique.

Sugih Energy Withdraws Offer to Acquire Ramba Energy
Monday, April 14, 2014 PT Sugih Energy withdraws offer to acquire Singapore-listed oil and gas exploration and production company Ramba Energy.

First Production from Sumatra's Lemang Block Likely in 2H 2015, Early 2016
Monday, April 14, 2014 Ramba Energy expects first production from Lemang block in South Sumatra in the second half of 2015 or early 2016.

Rey Considers Proposals for Seismic Survey Over Fitzroy Blocks in WA
Monday, April 14, 2014 Rey Resources considers preliminary proposals for seismic survey over the Fitzroy Blocks in Western Australia in 2014.

Gas2Grid Prepares for Extended Production Test at Malolos-1 Well in Cebu
Friday, April 11, 2014 Gas2Grid prepares for extended oil production test at Malolos-1 well to confirm the commerciality of Malolos oil field in Cebu, Philippines.

Ezra's Revenue Increases 22% in 2Q FY2014 to $300M
Friday, April 11, 2014 Ezra posts a 22 percent increase in revenue for second quarter of financial year 2014 to $300.4 million, lifted by contribution from its subsea division.

Norwest Identifies Dominant Gas Production Zones at Arrowsmith-2 Well
Friday, April 11, 2014 Norwest identifies dominant zones for gas production at Arrowsmith-2 well in permit EP 413 in the onshore Perth Basin, Western Australia.

High-Cost Australia May Miss $180B LNG Expansion Wave
Friday, April 11, 2014 Stung by soaring costs, the gas industry paints a gloomy outlook for new LNG projects in Australia, putting at risk $180 billion of developments from 2018 onwards.

High Arctic Signs Drilling Services Contract with InterOil for Work in PNG
Thursday, April 10, 2014 High Arctic Energy Services signs a 2-year drilling services contract with InterOil for work in Papua New Guinea.

Ezion, AusGroup Ink MOU to Collaborate in Australia
Thursday, April 10, 2014 Ezion Holdings inks a memorandum of understanding with AusGroup to collaborate in the provision of logistics supply chain and related support services in Australia.

Australia's Unconventional Future Takes Shape
Thursday, April 10, 2014 Frontier shale gas resources continue to be considered as potentially being a long-term answer to addressing Australia's next wave of investment and supply.

COSL's Newbuild PSV Prepares to Commence Work in South China Sea
Thursday, April 10, 2014 China Oilfield Services Limited takes delivery of a newbuild HYSY613 platform supply vessel, which will commence operations in South China Sea in mid-April.

Bass Strait Oil Begins Divestment Process for its Gippsland Basin Assets
Thursday, April 10, 2014 Bass Strait Oil begins formal divestment process for its offshore Gippsland Basin portfolio offshore Victoria, Australia, comprising permits Vic/P41 and Vic/P68.

Keppel O&M Signs 30-Year Deal to Manage China's Titan Quanzhou Shipyard
Thursday, April 10, 2014 Keppel Offshore & Marine signs 30-year agreement to manage Titan Quanzhou Shipyard in Fujian, China.

Energy Hub on Northern Territory Agenda
Thursday, April 10, 2014 Major LNG developments in Australia have opened up growth opportunities in the Northern Territory.

SHI Clinches $1.3B Contract to Build 2 Drillships
Thursday, April 10, 2014 Samsung Heavy Industries clinches a $1.3 billion contract to build two drillships.

Seadrill Sells 4% Interest in SapuraKencana for $300M, Still Holds 8% Stake
Thursday, April 10, 2014 Seadrill sells 4% stake in SapuraKencana Petroleum for $300 million, reducing its interest in the Malaysian company to 8%.

Thailand's PTT Aims for Higher 2014 Profit, Oil Sales Hit by Unrest
Thursday, April 10, 2014 Thailand's PTT aims for an increased net profit of $3.1 billion in 2014 as its fifth gas separation plan runs at full capacity this year.

Australia Invites Bids for 30 Offshore Exploration Blocks
Wednesday, April 09, 2014 Australia's Department of Industry invites bids for 30 blocks under the 2014 Offshore Petroleum Exploration Acreage Release.

ExxonMobil Sees PNG LNG Exports Starting Mid-Year, Below $19B Budget
Wednesday, April 09, 2014 ExxonMobil Corp is on track to start exporting liquefied natural gas from Papua New Guinea by mid-year, ahead of schedule and below its $19 billion budget, the manager of the PNG LNG project says.

EOC Gains $44M Profit in 2Q FY2014, Lifted by Sale-and-Leaseback of Vessel
Wednesday, April 09, 2014 EOC reports a net attributable profit of $44 million for second quarter of financial year 2014 that ended Feb. 28, compared to $1.4 million a year ago.

Wet Weather Delays Drilling of Rosella E01 Well in New South Wales
Wednesday, April 09, 2014 Metgasco reports that wet weather has delayed drilling of the Rosella E01 well in New South Wales, Australia.

GCA Reports Higher Reserves at West Linapacan 'A' Field off Palawan Island
Wednesday, April 09, 2014 Nido Petroleum reveals increased reserves booking from the West Linapacan 'A' oil field in Service Contract 14C2 offshore Palawan Island, Philippines.

Seadrill Plans up to $305M Selldown in Malaysia's SapuraKencana
Wednesday, April 09, 2014 Seadril plans to sell up to $305 million worth of shares in Malaysian oil and gas services firm SapuraKencana, according to a term sheet of the deal.

Shell, CNPC to Cooperate in Deep-Sea Exploration, Shale Gas
Wednesday, April 09, 2014 Shell and CNPC sign a deal to boost cooperation in sectors like deep sea exploration as well as LNG and unconventional gas sources like shale, CNPC says.

Government Awards Exploration Permit WA-497-P off Western Australia to AWE
Wednesday, April 09, 2014 The Australian government awards permit WA-497-P offshore Western Australia to AWE as part of the 2013 Offshore Petroleum Exploration Acreage Release.

WorleyParsons Restructures to Improve Financial Performance
Wednesday, April 09, 2014 WorleyParsons restructures business to improve the company's financial performance.

Offshore Firm's IPO May Give Singapore Market Shot in the Arm
Tuesday, April 08, 2014 A major operator of maritime support vessels controlled by Malaysia's richest man is seeking up to $380 million in a Singapore IPO.

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