Regional News: East & SE Asia

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After 20,000 Job Cuts, World's Top Shipyards Brace for More
Wednesday, October 26, 2016 South Korea's shipbuilding industry - home to the world's top three manufacturers - has eliminated more than 20,000 jobs this year.

Sources: BP Sells US Crude Oil to Thailand, Australia for First Time
Wednesday, October 26, 2016 BP plans to ship one million barrels of US crude oil to Thailand and Australia for the first time, according to sources.

Indonesia's Pertamina Targets 42% Increase in 2017 Crude Output
Tuesday, October 25, 2016 Indonesia state oil firm Pertamina targets a 42-percent increase in crude oil production and a 17-percent increase in gas production in 2017, amid continued overseas expansion.

Indonesia Considers Inpex Request To Boost Masela LNG Output Again
Friday, October 21, 2016 Indonesia expects to decide within "one or two weeks" on a plan by Inpex Corp to increase proposed output from the Masela natural gas field to nearly four times the level originally slated.

Indonesia Sees 63 Uncommitted LNG Cargoes In 2017
Thursday, October 20, 2016 There are currently 63 uncommitted cargoes of liquefied natural gas (LNG) for 2017 delivery from Indonesia's Tangguh and Bontang projects.


Singapore's Keppel Q3 Profit Falls 38% On Weak Rig Orders
Thursday, October 20, 2016 Singaporean conglomerate Keppel Corp posted a 38% fall in third-quarter profit, hurt by weak orders for its rigs due to a slump in oil prices.

Mangala Field Hits 300 Million Barrels of Cumulative Production
Thursday, October 20, 2016 Cairn India Limited announced Thursday that the Mangala oil field in Rajasthan has achieved 300 million barrels of cumulative production.

China September Crude Output In Second-Biggest Decline On Record
Wednesday, October 19, 2016 China's crude oil production fell 9.8% in September from a year earlier, marking the second-biggest year-on-year decline on record.

Oil Search Q3 Revenue Beats Forecasts
Tuesday, October 18, 2016 Papua New Guinea-focused Oil Search reports a 16% rise in 3Q revenue over the previous quarter, thanks to a rise in oil and gas prices and higher volumes.

Singapore's Ezra Seeks Consent To Amend Terms Of 2018 Notes
Tuesday, October 18, 2016 Singapore's Ezra Holdings Ltd is seeking bondholders' consent to amend the terms of $109 million worth of 2018 notes.

Sinochem Unit Says Has No Knowledge Of Merger With ChemChina
Monday, October 17, 2016 Sinochem International Corp, a unit of state-owned Sinochem Group, says it has received no information regarding a proposed merger of its parent company with rival ChemChina.

Even At $100 For Coal, Asia's LNG Industry Struggles To Compete
Monday, October 17, 2016 The LNG sector has watched with joy how thermal coal prices have soared this year, hoping that the unexpected spike would at last make LNG price competitive in Asia.

Shell's Philippines Unit Prices Up To $404Million IPO At High End Of Range
Friday, October 14, 2016 The Philippine unit of Royal Dutch Shell plc is set to raise up to $404 million after pricing its IPO at the top end of its range.

Technip Awarded Subsea Contract in Malaysia
Friday, October 14, 2016 Technip has been awarded a subsea contract by PETRONAS Carigali Sdn Bhd, a wholly owned subsidiary of PETRONAS, to support the Samarang Redevelopment Project Phase 2 EOR in Malaysia.

Indonesia's President Appoints Ignasius Jonan As Energy And Mining Minister
Friday, October 14, 2016 Indonesia's president Joko Widodo appoints former transportation minister Ignasius Jonan as energy and mining minister, the fourth person to hold the high-profile post since July.

Rosneft-Led Group To Buy India Refiner Essar For $12-$13B
Friday, October 14, 2016 A group led by Russian oil major Rosneft will acquire India's Essar Oil in a $12 to $13 billion deal including debt.

ChemChina, Sinochem In Talks On Possible $100B Merger
Friday, October 14, 2016 Chinese chemical companies Sinochem Group and ChemChina are in discussions about a possible merger to create a chemicals, fertiliser and oil giant with almost $100B in annual revenue.

Japan Protests Over Signs Of Renewed Chinese Gas Exploration
Thursday, October 13, 2016 Japan has protested to China over signs it is pressing ahead with maritime gas exploration in the East China Sea despite Tokyo's repeated requests to stop.

Chevron Confirms Is In Discussions For Potential Bangladesh Sale
Thursday, October 13, 2016 Chevron confirms that the company is in "commercial discussions" regarding its Bangladesh assets.

Australia, East Timor Seek Agreement On Maritime Boundary
Thursday, October 13, 2016 Australia and East Timor aim to "reach an agreement" over the maritime boundary in resource-rich waters between their countries.

Searcher Seismic Commences Papua New Guinea Data Acquisition Program
Wednesday, October 12, 2016 Seismic data specialist Searcher Seismic announced Wednesday that the acquisition of the 6,835 mile Hahonua 2D Seismic Survey in Papua New Guinea has commenced.

South Korean Shipbuilders Eyed For LNG Carriers Deal Worth $3.8B
Wednesday, October 12, 2016 A little-known investment company intends to order up to 20 liquefied natural gas (LNG) carriers, probably from South Korean shipbuilders.

China Sets Gas Pipeline Investment Yield At 8%
Wednesday, October 12, 2016 China's National Development & Reform Commission (NDRC) will allow for a net 8% yield on investments in natural gas pipelines.

Hong Kong-based Winson Oil Buys Ship To Store Oil In Europe
Tuesday, October 11, 2016 Hong Kong-based trader Winson Oil has bought a very large crude carrier (VLCC) to store oil in the Mediterranean as it pushes to expand its business in Europe.

Pakistan PM Rushes To End Energy Shortages Ahead Of 2018 Poll
Monday, October 10, 2016 Pakistani Prime Minister Nawaz Sharif vows to end energy shortages that have blighted the country.

New China Refinery Faces Delay As Myanmar Seeks Extra Oil Tax
Monday, October 10, 2016 A newly built Chinese refinery near its border with Myanmar is facing a delayed start-up after state firm PetroChina balked at paying an extra tax for piping crude oil through the SE-Asian nation.

Malaysia's InvestKL Woos Top Oil, Gas MNCs to Base in Kuala Lumpur
Thursday, October 06, 2016 InvestKL, a Malaysian government agency, boosts efforts to lure key multinational corporations, including oil and gas firms, to locate their operations in Greater Kuala Lumpur.

Russia's Rosneft, Indonesia's Pertamina Agree on Refining, Upstream JVs
Wednesday, October 05, 2016 Russian state oil company Rosneft and Indonesia's Pertamina agree a refinery joint venture in the southeast Asian country.

Bondholders of Malaysia's Perisai Reject Extension of Maturity Date
Tuesday, October 04, 2016 Bondholders of Perisai Petroleum Teknologi debt reject the Malaysian oil and gas service provider's request for a four-month extension on the maturity date, according to the company.

Thai PTTEP to Invest At Least $1.7B in 2017 to Maintain Output
Monday, October 03, 2016 Thailand's PTT Exploration and Production plans to invest at least $1.7 billion in 2017 to maintain its production at the same level as last year, according to the firm's CEO.

Pertamina to Form Refinery Joint Ventures with Rosneft, Aramco
Monday, October 03, 2016 Indonesian state energy company Pertamina expects to sign a joint venture agreement with Russia's Rosneft for the Tuban oil refinery development project, according to a company official.

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.

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.

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.

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.

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).

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.

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.

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.