Regional News: East & SE Asia

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Cooper Energy Spuds Bunian-4 Well in Sukananti KSO in South Sumatra
Tuesday, July 28, 2015 Cooper Energy spuds Bunian-4 appraisal well in Sukananti KSO, South Sumatra, Indonesia.

Dayang Increases Stake in Malaysia's Perdana Petroleum to 51.21%
Tuesday, July 28, 2015 Dayang Enterprise's proposed takeover of Malaysia's Perdana Petroleum becomes unconditional after gaining more than 50 percent ownership of the latter.

Douglas-Westwood Comments on the Evolution of Subsea EPC
Tuesday, July 28, 2015 Douglas-Westwood comments on the evolution of subsea enginering, procurement and construction sector.

Technip Secures Subsea Tie-in Contract for PETRONAS' PFLNG1 Facility
Tuesday, July 28, 2015 Technip secures an engineering, procurement, construction, installation and commissioning contract from Petronas Carigali for the tie-in of Petronas FLNG1 facility to KAKG-A platform in Kanowit field, offshore East Malaysia.

Report: Green Group Sues ConocoPhillips, CNOOC over China Oil Spill
Monday, July 27, 2015 China Daily reports that a maritime court in Qingdao will hear a landmark case brought against US oil giant ConocoPhillips and China's CNOOC.


Red Emperor Completes Otto Energy Farm-in Agreement
Monday, July 27, 2015 Red Emperor Resources completes its farm-in agreement with Otto Energy Limited, following a formal notification of approval from the Department of Energy of the Republic of the Philippines.

Deep-Sea Plan Fails, Leaving Korean Shipyards Struggling
Monday, July 27, 2015 The deep-ocean strategy is coming back to bite South Korean shipyards.

China Answers Japan Oil Rig Concern With Joint-Development Offer
Friday, July 24, 2015 China repeats a call for talks with Japan over joint development of gas and oil resources in contested waters in the East China Sea.

Keppel O&M's 2Q 2015 Net Profit Falls 36% to $126M, Non-Drilling Focus Now
Friday, July 24, 2015 Keppel Offshore & Marine registers a 36 percent decline in net profit for second quarter 2015 to $126.2 million amid a slump in new rig demand as the firm now focus more on capturing business from the non-drilling market.

Petro-king Secures $24.3M Technical Service Deal from China's Xi'an Katwell
Friday, July 24, 2015 Petro-king secures a $24.3 million technical service contract with China's Xi'an Katwell Energy Technology Co.

COSL to Drill 2 Wells for Primeline in Block 33/07 Offshore China for $20M
Friday, July 24, 2015 Primeline signs letter of intent with China Oilfield Services Ltd. to drill two wells in Block 33/07 in East China Sea for $20 million.

China Says Japan's East China Sea Pictures Provoke Confrontation
Thursday, July 23, 2015 Japan's release of pictures of Chinese construction activity in the East China Sea will only provoke confrontation between the two countries and do nothing for efforts to promote dialogue, China's Foreign Ministry says.

DNV Launches JIP with South Korean Yards to Reduce Project Cost by 15%
Thursday, July 23, 2015 DNV GL launches joint industry project with South Korean yards to reduce project cost by 15 percent.

Douglas-Westwood Expects FLNG Market to Grow to $58.3B Over 2015-2021
Thursday, July 23, 2015 Douglas-Westwood expects the global floating liquefied natural gas market to grow to $58.3 billion in the 2015-2021 period despite the current pause in orders.

Thai PTTEP 2Q Profit Plunges on Forex, Oil Hedging Losses
Thursday, July 23, 2015 PTT Exploration and Production PCL (PTTEP), Thailand's largest oil and gas explorer, says its second quarter net profit slumped 94 percent, dragged by a fall in revenue, and foreign exchange and oil hedging losses.

Singapore's Keppel 2Q Profit Falls 2% as Rig Business Falters
Thursday, July 23, 2015 Singapore's Keppel Corporation sees its 2Q net profit fall two percent due to a weak performance in its offshore and marine unit.

Golar LNG Gets $960M Financing Commitment from CSSC for GoFLNG Hilli
Wednesday, July 22, 2015 Golar LNG receives commitment from CSSC Shipping Co. to finance $960 million of the conversion cost of the GoFLNG Hilli facility now under construction at Singapore's Keppel Shipyard.

ConocoPhillips Halts Shale Gas Talks With CNPC for Sichuan Field
Wednesday, July 22, 2015 ConocoPhillips ends talks with China National Petroleum Corp. on a shale gas development in the country after a two-year study.

Former Senior Chinese Energy Executive Stands Trial
Wednesday, July 22, 2015 A former senior executive at China National Petroleum Corporation goes on trial in Hubei province.

CNOOC Flows First Oil from Luda 10-1 Project in Bohai Offshore China
Wednesday, July 22, 2015 CNOOC flows first oil from the Luda 10-1 comprehensive adjustment project in Bohai offshore China.

Keppel Inks $684M Floating Liquefaction Facility Conversion Deal with Golar
Wednesday, July 22, 2015 Keppel Shipyard inks a $684 million floating liquefaction facility conversion contract with Golar LNG's unit.

Vietnam Arrests Sacked PetroVietnam Chairman, Post Now Filled by CEO
Wednesday, July 22, 2015 The Vietnamese government arrests sacked PetroVietnam's Chairman Nguyen Xuan Son for abuse of power during his stint as CEO of Dai Duong Commercial Bank, a local daily says.

Myanmar Sees Increased Offshore Exploration Work in Late 2015/Early 2016
Tuesday, July 21, 2015 Myanmar expects offshore exploration activities to increase in late 2015 and early 2016 as companies commence work on blocks awarded under Myanmar's Bidding Round - 2013.

Citic Suspends Lofin-2 Well in Seram PSC as a Potential Gas Producer
Tuesday, July 21, 2015 Citic suspends Lofin-2 appraisal well in Seram (Non-Bula) Production Sharing Contract in eastern Indonesia as a potential gas producer.

SINOPACIFIC Bags Contract to Build 9 AHTS Vessels for ADNOC
Monday, July 20, 2015 China's SINOPACIFIC bags contract to build nine anchor handling tug supply vessels for delivery to ADNOC in 2017.

Otto-led Consortium Prepares to Drill South China Sea Well
Monday, July 20, 2015 An Australian-Filipino concortium led by Otto Energy is about to drill a deepwater exploration well offshore the Philippines in the South China Sea.

Asia Yards Look to Liftboat Orders for Lifeline Through Drilling Downturn
Monday, July 20, 2015 Asia shipyards are filling the void in drilling orders by turning to the construction of liftboats.

Vallianz Inks $458M Contracts to Extend OSV Charters for ME Customer
Monday, July 20, 2015 Singapore's Vallianz inks contracts, worth $458 million, to extend charters for 19 offshore support vessels with an existing customer in the Middle East.

Petro Matad Appoints New Chairperson and CEO
Friday, July 17, 2015 Petro Matad appoints Enkhmaa Davaanyam as a non-executive, non-independent chairperson and Ridvan Karpuz as the CEO of the company.

Asian CBM Firms Proceed with Developments, Unfazed by Low Oil Prices
Friday, July 17, 2015 Some independent coalbed methane firms in Asia are proceeding with their development projects despite headwinds caused by lower oil prices.

Cosco Issues Profit Guidance for 2Q 2015, Blames Low Oil Prices
Thursday, July 16, 2015 Cosco issues profit guidance for second quarter 2015 financial results, citing low oil prices and its adverse impact on the global offshore marine industry as a factor.

Mitsubishi, NYK Buy 45% Stake in FPSO Turritella Project from SBM for $590M
Thursday, July 16, 2015 SBM Offshore divests 45 percent stake in FPSO Turritella project to two Japanese companies for $590 million.

Triple Energy Updates on Drilling at Niaoshan-1 Well in Heilongjiang
Thursday, July 16, 2015 Triple Energy updates on drilling at Niaoshan-1 well in China's Heilongjiang province.

Maersk Drilling Decommissions Jackup Maersk Endurer
Wednesday, July 15, 2015 Maersk Drilling decommissions Maersk Endurer, with the jackup to be recycled at Zhoushan Changhong International Ship Recycling facility in China.

Malaysia's Icon Offshore Secures $14M Charters for 2 AHTS Vessels
Wednesday, July 15, 2015 Malaysia's Icon Offshore secures $14.47 million contracts to provide two anchor handling tug supply vessels to an oil major.

NauticAWT Launches IPO in Singapore to Raise $2M for Business Expansion
Wednesday, July 15, 2015 NauticAWT, a junior oil and gas engineering solutions provider, launches an initial public offer to raise $2 million on the Singapore stock exchange to grow its business.

PVEP Song Hong Secures PV Drilling II for Work in Vietnam's Block 103-107
Wednesday, July 15, 2015 PV Drilling signs contract to provide jackup PV Drilling II to PVEP Song Hong to drill in Block 103-107 in the Song Hong Basin, offshore Vietnam.

Sembcorp Marine Inks $1B Deal to Build World's Largest Semisub Crane Vessel
Wednesday, July 15, 2015 Sembcorp Marine inks $1 billion engineering and construction contract to build the world's largest semisubmersible crane vessel for Heerema.

Partners Nearer to Further Development of Galoc Oil Field Offshore Palawan
Tuesday, July 14, 2015 Nido Petroleum says an independent resource assessment of the mid-Galoc area offshore Palawan in the Philippines is a step forward to further develop the Galoc oil field.

Keppel FELS Secures $85M Contract to Build Liftboat for Crystal Heights
Tuesday, July 14, 2015 Keppel FELS secures $85 million contract from Crystal Heights to build a high specification liftboat.

Thai Star Petroleum to Raise Up To $735M from IPO in 4Q
Tuesday, July 14, 2015 Star Petroleum could raises up to $735 million in an initial public offering that will mark the exit from the business of Thailand's PTT.

Uzma Clinches Contract from PETRONAS Carigali for D18 WIF Project off Sabah
Tuesday, July 14, 2015 Uzma clinches a leasing, operation and maintenance contract, worth $92 to $105 million, from PETRONAS Carigali for the D18 Water Injection Facility offshore Sabah, Malaysia.

VESTIGO Flows First Oil at Tembikai Field Offshore Peninsular Malaysia
Tuesday, July 14, 2015 VESTIGO commences oil production at Tembikai field in the Tembikai-Chenang Cluster offshore Terengganu, Peninsular Malaysia.

KS Drilling, Cosco Agree to Delay Delivery of KS Orient Star 2 to 2016
Monday, July 13, 2015 KS Drilling and Cosco Nantong agree to extend the delivery date for newbuild KS Orient Star 2 to April 2016.

PetroVietnam to Work with Murphy, ExxonMobil on Oil, Gas Projects
Monday, July 13, 2015 PetroVietnam is set to work with Murphy Oil and ExxonMobil on local and overseas oil and gas developments, including Block B and Ca Voi Xanh gas projects offshore Vietnam.

Vallianz Clinches $300M Charter for Supply of 2 Self-Elevating Platforms
Monday, July 13, 2015 Vallianz Holdings clinches a $300 million charter from a Middle Eastern national oil company to supply two self-elevating platforms.

Ezra's Profit After Tax Declines 96% to $0.4M in 3Q 2015
Friday, July 10, 2015 Ezra Holdings posts a steep 96 percent year-on-year decline in profit after tax to $400,000 for third quarter 2015 that ended May 31.

NuEnergy Prepares to Drill Second Well in Tanjung Enim PSC in Sumatra
Friday, July 10, 2015 Australia's NuEnergy prepares for the drilling of TE-008C core well in Tanjung Enim Production Sharing Contract in South Sumatra, Indonesia.

Thai Energy Firm PTT Expands into Fast Food to Boost Non-Oil Revenue
Friday, July 10, 2015 Thailand's PTT signs a franchise deal with US-based fast food chain Texas Chicken as it tries to boost revenue from non-oil businesses amid weak crude oil prices.

JAPEX Engages Aonex for Construction of Japan's Soma LNG Terminal
Thursday, July 09, 2015 Aconex bags a contract from JAPEX for the construction of the latter's liquified natural gas terminal in Soma port, Japan.

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