Regional News: East & SE Asia

 
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Japan's NYK Completes Acquisition of 25% Stake in EMAS CHIYODA Subsea
Friday, September 30, 2016 Japan's Nippon Yusen Kabushiki Kaisha (NYK) completes transaction to acquire a 25 percent interest in EMAS CHIYODA Subsea (ECS).

Keppel FELS Delivers Floatel Triumph, Upcoming Work at Wheatstone Field
Friday, September 30, 2016 Keppel FELS delivers accommodation semisub Floatel Triumph to Floatel International, with the newbuild to deploy for work soon at Chevron's Wheatstone field offshore Western Australia.

India ONGC To Invest $5.1B In 4 Years In East Coast Oil Gas Asset
Friday, September 30, 2016 India's Oil and Natural Gas Corporation will invest 340.12 billion rupees ($5.11 billion) in four years to develop cluster 2 of east coast deepwater block, the company said in a tweet on Friday.

MISC's MaMPU1 to Commence Ops at Vestigo's Anjung Kecil Field Off Sarawak
Friday, September 30, 2016 MISC says its newly converted Marginal Marine Production Unit (MaMPU1) will commence operations shortly at the Anjung Kecil oil field off Sarawak, Malaysia.

Petronas Weighs Sale To Exit $27B Canada LNG Project
Friday, September 30, 2016 Petroliam Nasional Bhd is considering selling its majority stake in a $27 billion Canadian LNG plant, 3 people familiar with the matter said this week.

  


Malaysia's SapuraKencana Posts 7.1% Gain in 2Q FY17 PAT to $27M
Thursday, September 29, 2016 SapuraKencana Petroleum's profit after tax (PAT) rises 7.1 percent to $27.2 million in the second quarter of financial year 2017 (2Q FY17), but revenue falls 40.2 percent to $410 million.

WFS Appoints IMEC as Agent in Malaysia as it Expands in Southeast Asia
Thursday, September 29, 2016 Scottish-based WFS Technologies appoints Independent Marine & Engineering Consultants (IMEC) as exclusive agents for Malaysia as the firm boosts its business presence in Southeast Asia.

China's Wison Completes Test of World's First NG Floating Liquefaction Unit
Wednesday, September 28, 2016 Wison Offshore & Marine successfully completes a performance test of the world's first natural gas floating liquefaction unit for EXMAR at its Nantong yard in China.

Farstad Shipping Sells AHTS Lady Sandra
Tuesday, September 27, 2016 Norway's Farstad Shipping sells anchor handling tug supply (AHTS) vessel Lay Sandra.

Russell: Oil Exporters Focus On Supply, But What Of China Demand?
Tuesday, September 27, 2016 Major oil exporters clearly would like higher crude prices and may even be getting closer to some sort of coordinated action, but they should be careful what they wish for as they may choke off demand growth in top importer China.

Baron Oil, SundaGas Form JV to Explore E&P Opportunities in Southeast Asia
Monday, September 26, 2016 Baron Oil enters into a joint venture with Singapore-based exploration and production company SundaGas to look into upstream opportunities in Southeast Asia.

BLOG: Keeping Experienced Staff in Downturn a Tough Call for Asian Services
Monday, September 26, 2016 Asian offshore oil and gas services companies are caught in a dilemma of retaining experienced staff in the current industry amid cost-cutting pressure.

Malaysian Banks Brace For Profit Hits As O&G Firms Restructure Debt
Monday, September 26, 2016 Malaysian lenders are bracing for a hit to profits this year as they bump up provisions for sour loans to the local oil and gas services sector that has been battered by the slump in energy prices and cutbacks in projects.

TH Heavy Engineering, McDermott End Partnership in Malaysia
Monday, September 26, 2016 Malaysia's TH Heavy Engineering and McDermott end their three-year partnership for offshore oil and gas projects in the country.

As Rivals Circle, Japan Boosting Firepower To Buy Global Energy Assets
Friday, September 23, 2016 Japan plans to rush through a bill to provide more financial muscle for its companies to compete for global energy assets, just as other resource-hungry Asian economies such as China and India are also looking to snap up depressed oil assets.

Oil Industry Welcomes Indonesia's Tax Reform, But Says It's Not Enough
Friday, September 23, 2016 Indonesia's removal of taxes on oil and gas explorers is a good first step, but more is needed to lure investment from companies that have cut budgets and laid off staff after a precipitous plunge in prices, industry analysts say.

Russia's Rosneft To Sell 96M Tons Of Crude Oil To Petrovietnam
Friday, September 23, 2016 Rosneft signs a contract to supply 96 million tons of crude oil to PV Oil, an affiliate of state oil and gas PetroVietnam, starting next year.

Oil Firms Seen Spending More Next Year For First Time Since 2014
Friday, September 23, 2016 The oil industry may be ready to open its wallet after two years of slashing investments.

Singapore's Marco Polo Marine Flags Doubt On Continuing As A Going Concern
Thursday, September 22, 2016 Marine logistics firm Marco Polo says it has substantial doubt about being able to continue as a going concern due to a cash crunch, as it sought noteholders' approval to defer redeeming bonds worth $37 million by three years.

Indonesia Ends Oil Exploration Taxes In Bid To Revive Investment
Thursday, September 22, 2016 Indonesia will eliminate taxes on oil and gas exploration this week in an effort to bolster investment in the country's flagging oil and gas sector.

Sampang JV Approves Project to Extend Field Life by 2 Years to 2020
Thursday, September 22, 2016 Sampang Joint Venture approves the Sampang Sustainability Project (SSP) located offshore East Java, Indonesia, with the field life to be extended by at least 2 years to 2020.

First Oil Flows from CNOOC's Enping 18-1 Field in Pearl River Mouth Basin
Thursday, September 22, 2016 CNOOC commences oil production at the Enping 19-1 field in the Pearl River Mouth Basin of the South China Sea.

Customs: China August LNG Imports Rise 60.1% On Year
Wednesday, September 21, 2016 China's imports of liquefied natural gas grew 60.1 percent in August over the same month last year to 2.26 million tons, data from Chinese customs shows.

Equatorial Guinea Calls on Asia Firms to Participate in EG Ronda 2016
Wednesday, September 21, 2016 Equatorial Guinea's Minister of Mines and Hydrocarbons Gabriel Mbaga Obiang Lima calls on Asia Pacific companies to participate in the country's latest oil and gas licensing round (EG Ronda 2016) at an industry event in Singapore.

RGU Secures Funding to Create Indian Oil, Gas Training Framework
Wednesday, September 21, 2016 Robert Gordon University receives funding from the UK Government to establish a sustainable training framework for the Indian energy sector.

Government To Fund 40% Cost Of East India Gas Pipeline Project
Wednesday, September 21, 2016 The Indian government will partly fund a pipeline project linking 5 eastern states, the first such move by the country as it aims to gradually move to a gas-based economy.

Thailand's Decom Sector Will Need Workers, Government Policy
Wednesday, September 21, 2016 With decommissioning assuming greater significance in Thailand as offshore infrastructure ages, the services industry prepares to cope with issues that may arise in the market.

MedcoEnergi Acquires ConocoPhillips' Stake in South Natuna Sea Block
Tuesday, September 20, 2016 MedcoEnergi inks agreement to acquire ConocoPhillips' stake in the South Natuna Sea Block B Production Sharing Contract (PSC) offshore Indonesia.

MacGregor Wins Equipment Supply Deal for ME-Bound OSVs Being Built in China
Tuesday, September 20, 2016 MacGregor secures equipment package contracts for offshore support vessels (OSVs), now under construction in China, for a Middle Eastern firm.

Thailand Looks Ahead: Gears Up for Oil, Gas Decommissioning Work
Tuesday, September 20, 2016 Work is slowly getting underway in Thailand to prepare the country for the decommissioning of ageing oil and gas infrastructure.

Pertamina's Upstream Arm Produces 15% More Oil, Gas Than Planned
Monday, September 19, 2016 Indonesia's Pertamina foreign upstream arm produces 15% more oil and gas than planned in the January-August period to about 120,600 boepd.

Indonesia Eyes 22% Rise In Crude Output From Exxon's Cepu Block In 2017
Monday, September 19, 2016 Crude oil output from ExxonMobil's Cepu block in Indonesia is targeted to reach 200,000 barrels per day (bpd) in 2017, the head of Indonesia's upstream oil and gas regulator says, up from a target of 163,910 bpd for this year.

Mubadala Completes Drilling MNA-17 Well in the Manora Field Off Thailand
Friday, September 16, 2016 Mubadala Petroleum completes drilling the MNA-17 well in the Manora Oil Development in the Northern Gulf of Thailand.

Andalas, Pertamina Team-Up Could See Huge Employment Spin-Off in Indonesia
Friday, September 16, 2016 Andalas Energy and Power plc's recently announced partnership with Pertamina could result in a huge employment spin-off in Indonesia, suggests Andalas CEO David Whitby.

Bumi Armada to Pay $85M in Reimbursement, Liquidated Damages for FPSO
Friday, September 16, 2016 Malaysia's Bumi Armada to pay $85 million in reimbursement and liquidated damages for delay in delivery of FPSO (floating production storage and offloading) Kraken.

GE O&G Confirms Deal to Supply Gas Compressors for Tangguh LNG Project
Thursday, September 15, 2016 GE Oil & Gas confirms deal to supply gas compressors to BP for the Tangguh liquefied natural gas (LNG) expansion project in Papua Barat, Indonesia.

China Crude Buying Seen Buoyed As Output Drop Lures Imports
Wednesday, September 14, 2016 China's crude oil imports may rise further in the coming months as tumbling domestic output leaves refiners looking overseas for supplies, helping ease a persistent global glut.

Xinhua: China Charges Former Senior PetroChina, FAW Officials With Graft
Wednesday, September 14, 2016 Chinese prosecutors have indicted Xu Jianyi, the former chairman of state-owned FAW Group Corp, on corruption charges, the official Xinhua news agency says.

GE Oil & Gas Bags Contract for BP's Tangguh Train 3 Project in West Papua
Wednesday, September 14, 2016 GE Oil & Gas secures a contract from BP to provide liquefaction components for the third train of the Tangguh liquefied natural gas (LNG) project in West Papua, Indonesia.

Singapore's Marco Polo Marine Seeks To Delay Bond Payment
Wednesday, September 14, 2016 Singapore's Marco Polo, a marine logistics firm that counts oil and gas firms as clients, wants bond holders' nod to defer payment of notes worth $37 million, the latest oil-related firm in the city-state to show financial strain from crude's drop.

Ophir Energy Commences Oil, Gas Production in Indonesia, Thailand
Tuesday, September 13, 2016 Ophir Energy commences production at Kerendan gas field in Indonesia, while output from Bualuang oil fields in the Gulf of Thailand resume after a debottlenecking project.

CNOOC Commences Oil Production at Weizhou 6-9/6-10 Project in Beibu Gulf
Tuesday, September 13, 2016 CNOOC commences oil production at Weizhou 6-9/6-10 project in the Beibu Gulf in South China Sea.

China Oil Output Drops To 6-Year Low As State Giants Shut Fields
Tuesday, September 13, 2016 China's crude oil output dropped to the lowest in more than six years as the country's state-run energy giants continued to pump less from aging, high-cost fields.

China Says Should Maintain S.China Sea Peace With Vietnam
Tuesday, September 13, 2016 China and Vietnam should work together to maintain peace and stability in the South China Sea and manage and control disputes, Chinese Premier Li Keqiang told Vietnamese Prime Minister Nguyen Xuan Phuc.

Bumi Armada Berhad Appoints New Chief Financial Officer
Friday, September 09, 2016 Bumi Armada's Kenneth Murdoch decides to step down from his role as chief financial officer, effective November 17.

Thailand's Mermaid Maritime Bags Contracts in Southeast Asia, Middle East
Friday, September 09, 2016 Thailand's Mermaid Maritime bags subsea contracts in Southeast Asia and secures a contract extension for work in the Middle East.

Russell: Time To Stop Over-Analyzing Oil Freeze, It's Not Helping
Thursday, September 08, 2016 Perhaps it's time to halt the practice of both industry and media commentators to pontificate over what the leaders of oil producing countries meant when they speak, and focus on the actual words used.

China Mulls More Stringent Environmental Measures for Offshore Exploration
Thursday, September 08, 2016 China mulls more stringent measures for dealing with offshore oil and gas firms that cause environmental pollution in the country's waters.

East China State Oil Reserve Tanks Due To Be Filled After Delays
Thursday, September 08, 2016 China completed construction last month of 19 million barrels of new tanks for its state crude oil reserves and expects to start filling them late this year.

China's August Crude Imports Surge To Second-Highest Ever
Thursday, September 08, 2016 China's crude imports in August surged to 32.85 million tons, the second-highest amount ever, as a drop in prices spurred buying, while fuel product exports retreated from a record high in July, customs data shows.

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