Regional News: East & SE Asia

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SapuraKencana: Short-Term Industry Outlook Uncertain
Thursday, December 08, 2016 The short-term industry outlook remains uncertain, although there are early indications that the oil price is heading towards a path of stability in the medium term, SapuraKencana says.

Total Indonesia Unit Sees Lower Gas Output At Mahakam Block In 2017
Wednesday, December 07, 2016 Total E&P Indonesie, a unit of French oil major Total, said it expects gas output at its Mahakam block to be 1.43 billion cubic feet per day (bcfd) in 2017 against 1.64 bcfd this year.

Samsung Heavy Says $776.8M Order For LNG Facility Cancelled
Friday, December 02, 2016 Samsung Heavy Industries Co Ltd says a $776.8 million order for a substructure for a liquefied natural gas (LNG) floating production, storage and offloading (FPSO) unit has been cancelled.

Private Equity Funds, Former Oil Execs Eye Southeast Asia Energy Assets
Friday, December 02, 2016 Flush with cash, private equity-backed firms and former oil industry executives are eyeing energy assets in Southeast Asia.

Net Oil Importer Indonesia Leaves Producer Club OPEC, Again
Thursday, December 01, 2016 Indonesia has suspended its membership of the Organization of Petroleum Exporting Countries (OPEC), less than a year after rejoining the cartel.


China To Further Open Up Upstream Oil, Gas Sector By 2020
Tuesday, November 29, 2016 China will open up its upstream oil sector further between 2016 and 2020, the official Xinhua news agency reported, citing the vice minister of the Ministry of Land and Resources.

Thai Petroleum Concession Auction Faces Delay
Monday, November 28, 2016 Thailand's military government will complete an auction in 2018 for expiring oil and gas contracts held by Chevron Corp and PTT Exploration and Production, the country's energy minister says.

PGNiG: 6 Oil, Gas Workers Kidnapped in Pakistan, Whereabouts Unknown
Monday, November 28, 2016 Six oil and gas employees working for a contractor that seismic research company Geofizyka Krakow has been in collaboration with have been kidnapped in the northwestern part of Pakistan.

Singapore Readies Up To $1.1B In Loans For Oil, Gas-Linked Firms
Friday, November 25, 2016 Singapore plans to offer financial assistance to its liquidity-hit marine and offshore engineering companies that could help them raise as much as S$1.6 billion ($1.1 billion) in loans.

Asia Development Bank To Lend Bangladesh $167M To Boost Gas Industry
Monday, November 21, 2016 The Asian Development Bank will provide a $167 million loan to Bangladesh to boost natural gas production and expand transmission infrastructure.

Thai PTTEP Cuts 2016 Capex To $1.4B, Looks For M&A
Friday, November 18, 2016 PTT Exploration and Production cuts its 2016 capital expenditure budget to $1.4 billion from $1.7 billion, citing cost cuts and the postponement of high-risk projects.

Petronas Achieves First Gas at Floating LNG Facility
Thursday, November 17, 2016 Malaysian state-owned oil firm Petroliam Nasional Bhd achieves first gas this week for its first floating liquefied natural gas (LNG) facility in offshore Sarawak, east of the country.

EMGS Secures Contract Extension With Malaysian Oil Company
Thursday, November 17, 2016 Electromagnetic Geoservices ASA (EMGS) enters into a contract extension agreement with an unnamed oil company in Malaysia.

Petronas Profit Jumps Quarter-On-Quarter On Lower Impairment Costs
Wednesday, November 16, 2016 Petroliam Nasional Bhd (Petronas) says its 3Q profit after tax rose to 6.1 billion ringgit ($1.40 billion) from 1.6 billion in the second quarter.