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Regional News: East & SE Asia

 
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Murphy Closes Sale of 30% of its Malaysian Oil, Gas Assets to Pertamina
Friday, January 30, 2015 Murphy closes the second phase of the sale of 30 percent of its Malaysian oil and gas assets to Pertamina.

Hibiscus to Capitalize on Lower Service Rates for 2015 Drilling Operations
Friday, January 30, 2015 Malaysia's Hibiscus Petroleum hopes to capitalize on lower service rates for its 2015 drilling operations.

BP to Hand Back Two Exploration Blocks to Indonesia on Risk Concerns
Friday, January 30, 2015 BP has decided to relinquish two exploration blocks to Indonesia, after a survey of the blocks found them to be high risk, the company says.

Alam Lands Contract for Repair, Maintenance Project in Kedah, Malaysia
Friday, January 30, 2015 Alam Maritim lands contract to provide air/saturation diving services for a repair and maintenance project in Kedah, Malaysia.

Santos Acquires 20% Stake in Sabah's Deepwater Block R
Friday, January 30, 2015 Santos acquires 10 percent interest each from Inpex and JX Nippon Oil & Gas Exploration in Block R, offshore Sabah, Malaysia.

  



Indonesia Plans to Produce 825,000 Bopd in 2015, Up 4% YOY
Thursday, January 29, 2015 Indonesia plans to produce 825,000 barrels of oil per day in 2015, up 4% from last year, while a decision on contract extension for the Mahakam block is expected in February.

Keppel FELS Delivers Ultra Harsh Environment Jackup to Maersk Drilling
Thursday, January 29, 2015 Maersk Drilling takes delivery of its third ultra harsh environment jackup from Keppel FELS in Singapore.

Soco Cuts 2015 Investment Budget to Focus on Vietnam, Africa
Thursday, January 29, 2015 Oil producer Soco International reduces its 2015 capital expenditure budget by more than 60 percent versus last year and will focus on projects in Vietnam and Africa, the company says.

Thailand's PTTEP Slips to 4Q Net Loss as Weak Oil Prices Weigh
Thursday, January 29, 2015 PTTEP, Thailand's largest oil and gas explorer, reports its first quarterly net loss in more than a decade, mainly due to higher impairment loss on assets after declines in global oil prices.

Wood Mackenzie: China's Energy Demand Needs Review Amid Economic Changes
Thursday, January 29, 2015 Wood Mackenzie says China's energy demand needs to be reviewed due to fundamental economic changes, while slowing domestic gas demand growth is likely to rebound in the next few years.

MedcoEnergi Inks Agreement to Sell Gas from Aceh's Block A to Pertamina
Wednesday, January 28, 2015 MedcoEnergi inks agreement to sell $2 billion of gas to Pertamina from Block A, Aceh, Indonesia.

KrisEnergy Commcences 2D Seismic Survey at Udan Emas PSC in West Papua
Wednesday, January 28, 2015 KrisEnergy commences 2D seismic survey in Indonesia's onshore Udan Emas production sharing contract in West Papua.

CNPC Research: China's Oil Demand To Grow 3% In 2015
Wednesday, January 28, 2015 China's implied oil demand will grow 3% this year versus last year, little changed from the pace of growth in 2014 as calculated by Reuters.

CNPC Completes China's Deepest Onshore Well in Tarim Oilfield
Wednesday, January 28, 2015 CNPC completes Keshen-902 appraisal well, China's deepest onshore well, in Tarim Oilfield.

As Oil Slides, Singapore Oilfield Service Firms Struggle to Refinance Debt
Tuesday, January 27, 2015 Ezra Holdings and Swiber Holdings are finding it tough to refinance debt maturing later this year due to the slump in crude prices, according to banking sources.

EarthStream Says Hiring Companies Gain from Decline in Oil Price
Monday, January 26, 2015 Falling oil price allows hiring firms to cope better with skilled shortages in the industry as more experienced candidates are available at reasonable salaries, an EarthStream executive says.

Green Dragon on Target for 12BCF of Gas in 2015
Monday, January 26, 2015 Green Dragon Gas says it is on target to achieve its 2015 year-end production objective of 12 billion cubic feet of gas.

JGC Bags $510M EPCC Contract for Petronas' LNG Complex in Bintulu
Monday, January 26, 2015 JGC bags $510 million engineering, procurement, construction and commissioning contract for Petronas' LNG Complex in Bintulu, Sarawak, Malaysia.

Keppel O&M's Net Profit in 4Q 2014 Rises to $229.5M, Up 1% from a Year Ago
Friday, January 23, 2015 Keppel Offshore and Marine's net profit in the fourth quarter of 2014 rises to $229.5 million, a marginal one percent increase from the previous year.

Indonesia Plans to Offer 8 Oil, Gas Exploration Blocks in 2015
Thursday, January 22, 2015 Indonesia plans to offer eight oil and gas exploration blocks this year through direct negotiation and regular tender, according to an official of the energy and mineral resources ministry.

South Korea's HHI Progresses Move to Localize Offshore Facilities Equipment
Thursday, January 22, 2015 South Korea's Hyundai Heavy Industries completes the first phase of a plan for localizing offshore facilities equipment.

CIMC Raffles Completes Assembly of North Dragon Semisub at Yantai Yard
Tuesday, January 20, 2015 CIMC Raffles successfully assembles the North Dragon semisub at Yantai shipyard in China ahead of delivery scheduled for December.

Sources: Oil Pipeline Through Myanmar to China Expected to Open in Jan
Tuesday, January 20, 2015 A crude oil pipeline and a deep sea port meant to secure an alternative route for Chinese imports overland through Myanmar are set to open at the end of January, but an affiliated refinery in China is months away from completion, sources say.

Petronas Says NST's Job Cuts Article is 'Misreported and Inaccurate'
Tuesday, January 20, 2015 Petronas clarifies that a local newspaper article saying that the firm plans to reduce its workforce by around 10 percent was "misreported and inaccurate."

China's Yards Brace for Leaner Times as Oil Slump Sours Rig Building Spree
Monday, January 19, 2015 For China's shipyards, the oil rig market that was supposed to be a blessing is in danger of becoming a curse.

Tugboat Undergoing Sea Trails Near China's Jingjiang Sinks, Kills 21
Monday, January 19, 2015 A newbuild tugboat sinks while undergoing sea trails near Jingjiang, China, killing 21, including eight foreigners - three of whom were employees of a Sembcorp Marine subsidiary.

Douglas Westwood: 'Offshore Drilling Contractors Facing Uncertainty'
Monday, January 19, 2015 Douglas-Westwood comments on offshore drilling contractors facing uncertainties in its latest edition of DW Monday.

Petronas Carigali Awards $14M Contract to Uzma Engineering
Monday, January 19, 2015 Uzma Engineering clinches $14.05 million contract to provide through tubing downhole tools and services to Petronas Carigali.

Indonesia Scraps Land Tax on Oil and Gas Exploration
Friday, January 16, 2015 Indonesia scraps a land tax that companies pay while exploring for oil and gas, a move that might encourage exploration at a time of concern that it could fall sharply due to tumbling oil prices.

Keppel Singmarine Secures $212M Contract to Build Ice-Class Vessel for MCS
Friday, January 16, 2015 Keppel Singmarine secures a $212 million contract from Marine Construction Services' subsidiary New Orient Marine to build an ice-classs multi-purpose vessel.

Thailand to Proceed with Exploration Block Bidding Round Despite Opposition
Friday, January 16, 2015 Thailand will proceed with its latest petroleum exploration and production bidding round despite domestic opposition to the plan.

Cosco Nantong Delivers Semisub Accommodation Vessel to COTEMAR
Thursday, January 15, 2015 Cosco Nantong delivers a semisubmersible accommodation vessel to Mexico's COTEMAR.

Gas2Grid Commences Technical Program at Malolos Oil Field in Philippines
Wednesday, January 14, 2015 Gas2Grid commences technical program to appraise and develop the Malolos oil field in Cebu, Philippines, while seeking a partner for the project.

Sona Petroleum Scraps Plans to Buy Stake in Salamander's Thai Assetss
Wednesday, January 14, 2015 Malaysia's Sona Petroleum scraps plans to buy a stake in two oil and gas blocks from Salamander Energy Plc in the Gulf of Thailand for $280 million.

Malaysia's MHB Appoints Abdul Fitri as CEO, Succeeds Dominique de Soras
Wednesday, January 14, 2015 Malaysia Marine and Heavy Engineering Holdings appoints Abu Fitri Abdul Jalil as managing director and CEO to succeed Dominique de Soras from March 1.

Sea Oil Gets More Time from POE to Complete Thai Onshore Block Acquisition
Wednesday, January 14, 2015 Pan Orient Energy gives more time to Sea Oil to complete its $42.5 million acquisition of Block L53/48 in Thailand.

KrisEnergy Completes Acquisition of Sumatra's Block A Aceh PSC
Tuesday, January 13, 2015 KrisEnergy completes acquisition of Block A Aceh production sharing contract in Sumatra, Indonesia from Premier Oil.

Newfield to Retain China Assets
Tuesday, January 13, 2015 Newfield Exploration says it concludes its marketing process for its China business and now plans to retain the assets.

Atwood Mako Secures Contract to Drill in Southeast Asia in Late March
Tuesday, January 13, 2015 Atwood Oceanics secures contract for jackup Atwood Mako to drill in Southeast Asia in late March.

AAG Reaches Production Milestones at Panzhuang CBM Concession in Shanxi
Tuesday, January 13, 2015 AAG Energy reaches new daily production milestones for coalbed methane at Panzhuang concession in China's Shanxi Province.

Newspaper: China 2014 Gas Output Growth Quickens to 10.7%
Tuesday, January 13, 2015 China's domestic natural gas production rose 10.7 percent last year, faster than in the previous year, as the country's first shale gas field added to output from conventional deposits, an official newspaper reports.

Cosco Discontinues Octabuoy Hull and Topside Module Project
Monday, January 12, 2015 Cosco discontinues the Octabuoy hull and topside module project, resulting in a one-off charge of $72 million for the firm.

Keppel FELS Delivers Newbuild Jackup Yunuen to Pemex
Monday, January 12, 2015 Keppel FELS delivers Yunuen, a newbuild KFELS B Class jackup, to Pemex.

McDermott Completes Kepodang Platform Installation Offshore Indonesia
Monday, January 12, 2015 McDermott completes platform installation at the Kepodang gas field in Muriah working area offshore Indonesia for Petronas.

KOGAS Says Its CEO To Tender His Resignation On Monday
Sunday, January 11, 2015 Korea Gas says its president and chief executive Jang Seok-hyo will tender his resignation on Monday after the energy ministry asked the country's president to sack him.

PNOC-EC to Farm-in to Phillippines' SC55, Otto Seeks Rig to Drill Hawkeye-1
Friday, January 09, 2015 Otto Energy reveals that PNOC-EC will farm-in for a 15 percent interest in Service Contract 55 offshore the Philippines, with the firm seeking a rig to drill the Hawkeye-1 well later this year.

Ezra Posts 1Q 2015 Profit of $61M, Bags $105M Deal for Julimar Project
Friday, January 09, 2015 Ezra Holdings records an after-tax profit of $60.6 million in the first quarter of financial year 2015 ending Nov. 30, 2014, compared to $8.7 million last year.

RHP Reports Encouraging Results from Drilling at China's Yongping Oil Field
Friday, January 09, 2015 RH Petrogas reports encouraging results from its drilling operations at Yongpoing oilfield in Fuyu 1 Block in China's Jilin province.

Philippines DOE Approves PNOC-EC's Transfer of 10% Stake in SC 63 to Nido
Friday, January 09, 2015 The Philippines Department of Energy approves the transfer of 10 percent stake in Service Contract 63 offshore the Philippines by PNOC-EC to Nido Petroleum.

EMAS Offshore Posts Net Profit of $148M in 1Q 2015, Up from $13M a Year Ago
Thursday, January 08, 2015 EMAS Offshore posts net profit of $148.4 million for the first quarter of financial year 2015 that ended Nov. 30, 2014, up from $13 million in the previous year.

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