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Regional News: East & SE Asia

 
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Bumi Armada's 3Q 2014 Net Profit Rises to $32.23M, Up 9.9% YOY
Friday, November 21, 2014 Bumi Armada's net profit reaches $32.23 million in the third quarter of 2014, up 9.9 percent from last year's $29.34 million.

Cue Energy Farms-in for 12.5% Stake in Mahato PSC in Sumatra
Friday, November 21, 2014 Cue Energy signs agreement with Bukit Energy to farm-in for a 12.5 percent stake in the onshore Mahato production sharing contract in central Sumatra, Indonesia.

Cosco Delivers Self-Erecting Drilling Tender Barge to Energy Drilling
Friday, November 21, 2014 Cosco Guangdong delivers a newbuild self-erecting drilling tender barge to Energy Drilling.

Intan Extends Charter for 5 OSVs to Emas Offshore by 2 Years for $23M
Friday, November 21, 2014 Perisai Petroleum's unit Intan Offshore extends charter for five of its offshore support vessels to Emas Offshore by two years for around $23 million.

Official: Indonesia Favors Pertamina to Operate Mahakam Block After 2017
Friday, November 21, 2014 Pertamina is likely to become the operator and majority shareholder of the offshore Mahakam oil and gas block after the contract of current operator Total E&P Indonesie expires in 2017, an energy ministry official says.

  



Petronas Awards 2 Exploration Blocks in Sabah to SapuraKencana-Led JV
Friday, November 21, 2014 Petronas awards onshore Blocks SB331 and SB332 in Sabah, east Malaysia to the successful bidding consortium comprising SapuraKencana, M3nergy and Petronas Carigali.

SapuraKencana Acquires Petronas' Stakes in 3 Blocks off Vietnam for $400M
Friday, November 21, 2014 SapuraKencana Petroleum ventures into Vietnam with the acquisition of three offshore blocks from Petronas for $400 million.

Caribbean FLNG Facility Undergoes Commissioning, Delivery by End of 2Q 2015
Thursday, November 20, 2014 Newbuild Caribbean FLNG facility undocks at Wison Offshore & Marine's Nantong yard in China ahead of delivery to Colombia by the end of June 2015 quarter.

China's Oilfield Services Companies Face Mixed Industry Fortunes
Thursday, November 20, 2014 Independent oilfield services firms operating in China face challenging times, while providers owned by Chinese national petroleum firms are shielded from such pressures.

CNOOC Discovers Oil at Lufeng 14-4 Structure in South China Sea
Thursday, November 20, 2014 CNOOC makes a mid-sized oil discovery at Lufeng 14-4 structure in eastern South China Sea.

Primeline Secures Funds for China's Offshore LS36-1 Gas Field Development
Thursday, November 20, 2014 Primeline Energy secures project finance facility to fund its share of the development of LS36-1 gas field offshore Zhejiang province, China.

Shell, Petronas Carigali to Develop E6 Field Offshore Sarawak
Thursday, November 20, 2014 Shell and Petronas Carigali proceed with the development of E6 field in SK308 Production Sharing Contract, offshore Sawarak, Malaysia.

COSL Takes Delivery of Newbuild Seimsub COSLProspector from CIMC Raffles
Wednesday, November 19, 2014 China Oilfield Services Limited takes delivery of the newbuild COSLProspector semisub from CIMC Raffles at Yantai yard in Shandong province, China.

CIMC Raffles to Build Deepwater Semisub Accommodation Rig for C.Helios
Wednesday, November 19, 2014 CIMC Raffles clinches order to build a deepwater semisub accommodation rig from C. Helios and has revealed plans to develop a new generation semisub drilling rig with Bassoe Technology.

Indonesia President Names Ex Corruption Watchdog Deputy to Head SKKMigas
Wednesday, November 19, 2014 Indonesia's president appoints a former senior official at the corruption watchdog to head energy regulator SKKMigas, as part of efforts to restore investor confidence in the country's graft-ridden energy sector.

Seabird Receives LOI for Seismic Survey in Southeast Asia
Wednesday, November 19, 2014 Seabird receives a letter of intent, worth $12-13 million, for 2D seismic survey in Southeast Asia.

Lundin Fails to Find Hydrocarbon at Kitabu-1 Prospect Offshore Sabah
Tuesday, November 18, 2014 Lundin completes Kitabu-1 exploration well offshore Sabah, Malaysia as a dry hole after failing to find any hydrocarbon.

Mermaid Maritime Extends Reach in Indonesia with Charter-in of DSV
Tuesday, November 18, 2014 Mermaid Maritime extends reach in Indonesia with the charter-in of dive support vessel Windermere, renamed Mermaid Nusantara, for five years.

EarthStream Assesses Impact of Lower Oil Prices on Oil, Gas Job Market
Tuesday, November 18, 2014 Energy recruitment firm EarthStream assesses the impact of the recent decline in oil prices on the oil and gas job market.

Pacific Radiance Lands $140M Contract for Newbuild OSV
Tuesday, November 18, 2014 Pacific Radiance lands $140 million contract for a newbuild offshore support vessel to be delivered in 2016/17.

Pertamina Says May Double Output from Overseas Assets by End-2014
Tuesday, November 18, 2014 Pertamina expects its overseas assets to contribute between 90,000 and 120,000 barrels of oil equivalent per day by the end of 2014, the company says, up from around 63,000 barrels per day of crude last year.

RH Petrogas Drills First Development Well in Fuyu 1 Block in Jilin Province
Tuesday, November 18, 2014 RH Petrogas commences drilling of the first development well in Fuyu 1 Block in China's Jilin province.

Sinopec to Spend Billions to Handle Oil Pipeline Safety Problems
Monday, November 17, 2014 China's Sinopec pledges to spend $4.6 billion over three years to address safety concerns related to its oil pipelines.

First Oil from H5 Development in Te Giac Trang Field Planned for 2H 2015
Friday, November 14, 2014 Soco reports that first oil from the H5 development project in Te Giac Trang field offshore Vietnam is targeted for the second half of 2015.

Bumi Armada, HMCL Further Delay FPSO Contract Signing for Madura BD Field
Thursday, November 13, 2014 Bumi Armada and Husky-CNOOC Madura Limited further extends the timeline to sign a contract for a floating production, storage and offloading vessel to be deployed to Madura BD field offshore Indonesia.

First Gas Flows from Kebabangan Field Offshore Sabah, Malaysia
Thursday, November 13, 2014 ConocoPhillips announces the commencement of gas production from the Kebabangan field offshore Sabah, Malaysia.

GE Oil & Gas to Supply Turbomachinery for Petronas' Second FLNG Facility
Thursday, November 13, 2014 GE Oil & Gas lands contract to supply Petronas with turbomachinery for second floating liquefied natural gas facility to be deployed offshore East Malaysia.

Sino Australia Plans to Embark on EOR Project at Liaohe Oil Field in China
Thursday, November 13, 2014 Sino Australia Oil and Gas plans to embark on an enhanced oil recovery project at Liaohe oil field in China's Liaoning province.

Swiber Records 9M 2014 Net Profit of $40.1M, Down 22.8% YOY
Thursday, November 13, 2014 Swiber's net profit declines 22.8 percent to $40.1 million for the first nine months of this year, compared to $51.9 million a year ago.

Hoidi's Unit Clinches 4 Jackup Rig Leg Fabrication Contract from CMHI
Wednesday, November 12, 2014 Hoidi's subsidiary Tianjin Hoidi clinches a rig leg fabrication contract for four Bestford Offshore's jackups from China Merchant Heavy Industries.

Indonesia Shakes Up Corruption-Tainted Energy Ministry
Wednesday, November 12, 2014 Indonesia's new energy minister launches a major shakeup of the graft-tainted ministry, requiring all top directors to re-apply for their jobs.

Interra Ups CHK 1180 Well Production in Myanmar's Chauk Oil Field
Wednesday, November 12, 2014 Interra Resources raises production from CHK 1180 development well in the Chauk oil field in Myanmar.

McDermott Bags Offshore Pipeline Deal for Brunei's Champion, Ampa Fields
Wednesday, November 12, 2014 McDermott bags a three year deal from Brunei Shell Petroleum to transport and install pipelines and umbilicals for the Champion and Ampa fields offshore Brunei.

Thai PTTEP Aims to Boost Cash Flow to $4B at End 2014
Wednesday, November 12, 2014 PTTEP aims to boost cash flow to $4 billion at the end of 2014 from $3.68 billion in 2013.

Talisman to Acquire 51% Stake in East Jabung PSC in South Sumatra
Wednesday, November 12, 2014 Talisman agrees to acquire a 51 percent stake in East Jabung production sharing contract in South Sumatra, Indonesia from Pan Orient Energy.

Tap Oil Regains Producer Status as Thailand's Manora Field Flows First Oil
Wednesday, November 12, 2014 Tap Oil regains producer status with first production at Manora oil development in the northern Gulf of Thailand.

UAE's Mubadala Petroleum Says 2nd Thai Oilfield Starts Production
Tuesday, November 11, 2014 Mubadala Petroleum starts production at a second oilfield in Thailand.

COSL's NH9 Semisub Completes First Deepwater Assignment
Tuesday, November 11, 2014 China Oilfield Services Limited's NH9 semisub completed its first deepwater assignment as the firm seeks to boost its operational capability.

Eco Orient Energy Drills WBEXT-3F Well in Thailand's Blocks L44/43, L33/43
Tuesday, November 11, 2014 Eco Orient Energy commences drilling at WBEXT-3F well in the L44/43 and L33/43 concessions in Thailand.

Xi: Hopes China, Philippines Can Return to Past Understanding on Sea Spat
Tuesday, November 11, 2014 Chinese President Xi Jinping said he hopes China and the Philippines can return to a past understanding on issues related to the South China Sea, the official Xinhua news agency reports.

Beijing, Philippines Move To Calm South China Sea Tensions
Tuesday, November 11, 2014 Philippine President Benigno Aquino says he and Xi Jinping had a "meeting of minds" during talks which included a territorial row that has soured relations between the South China Sea states.

Vallianz to Acquire Stake in Indonesian OSV Company to Enter Local Market
Tuesday, November 11, 2014 Vallianz Holdings to acquire 49 percent interest in PT Swiber Berjaya for $17.5 million to gain entry into Indonesia's offshore support vessel market.

PV Shipyard Commences Keel Laying for Tam Dao 05 Jackup in Vung Tau
Tuesday, November 11, 2014 Vietsovpetro's $230 million Tam Dao 05 jackup reaches construction milestone with a keel laying ceremony held at PV Shipyard in Vung Tau, Vietnam.

Hoegh LNG Exercises Option for HHI to Build FSRU in South Korea
Friday, November 07, 2014 Hoegh LNG exercises option to build a floating storage and regasification unit at Hyundai Heavy Industries in South Korea for delivery in the first half of 2017.

Honghua Offshore Inks $320M Contract to Build Semisub MODU for Jas Marine
Friday, November 07, 2014 Honghua Offshore inks contract, worth $320 million, to build a semisubmersible mobile offshore drilling unit for Jas Marine's subsidiary.

Pan Orient Energy to Sell 50% Stake in Block L53/48 to Sea Oil for $42.5M
Thursday, November 06, 2014 Pan Orient Energy agrees to sell a 50 percent equity stake in the L53/48 concession in Thailand to Sea Oil for $42.5 million.

Sembcorp Marine's 3Q 2014 Net Profit Rises 2% to $105.5M
Thursday, November 06, 2014 Sembcorp Marine's net profit rises 2 percent to $105.5 million in the third quarter from a year ago, boosted by higher contribution from rig building and offshore platform projects.

Technip Secures 5-Year Flexible Pipe Framework Deal with Petronas Carigali
Thursday, November 06, 2014 Technip secures a 5-year flexible pipe framework agreement with Petronas Carigali for the latter's projects in Malaysia.

CSTS Lands FEED Contract for BP's Tangguh Expansion Project in Indonesia
Wednesday, November 05, 2014 Chiyoda says the CSTS consortium will undertake front end engineering and design work for BP's Tangguh Expansion Project in Indonesia.

Keppel Gas Signs 10 Year Deal to Purchase 1 Mtpa of LNG from Petronas LNG
Wednesday, November 05, 2014 Keppel's gas unit signs a contract with Petronas LNG to purchase 1 million tons per annum of liquefied natural gas over 10 years.

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