Regional News: East & SE Asia

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Maintenance At Malaysia-Vietnam Oilfield To Cut Aug Bunga Crude Exports
Thursday, June 23, 2016 A scheduled oilfield maintenance in the joint production area of Malaysia and Vietnam will reduce Bunga crude exports in August.

Thailand's EPPO Says Country May Face Gas Shortage in 2020-2021
Thursday, June 23, 2016 Thailand's Energy Policy and Planning Office (EPPO) says the kingdom may face gas shortages in 2020-2021 amid uncertainty over the upcoming petroleum auctions.

CITIC Resources, ITOCHU Sign MOU to Collaborate on E&P Projects
Wednesday, June 22, 2016 CITIC Resources and Japan's ITOCHU Corp. sign a memorandum of understanding to collaborate on upstream oil and gas exploration and production projects.

KS Energy and China's ZPMC Amends Contract for a Newbuild Jackup
Wednesday, June 22, 2016 KS Energy and Shanghai Zhenhua Heavy Industry Co. amend the terms of a contract for the construction of a jackup at the Chinese yard.

Sea Trucks to Provide Floatel Services for Malikai Project Off Malaysia
Wednesday, June 22, 2016 Sea Trucks clinches a contract from Sabah Shell to provide floatel services for the Malikai development offshore Sabah, Malaysia while Intermoor completes an assignment for the same project.


MIE Shareholders Approve $220M Sale of Sino Gas Energy to China's CNEML
Tuesday, June 21, 2016 MIE Holdings Corp.'s shareholders approve a $220 million sale of a 51 percent interest in Sino Gas Energy Ltd., the operator of two coal bed methane blocks in China's Ordos Basin, to China New Energy Mining Ltd.

McDermott Secures Brunei's Offshore T&I Contract
Tuesday, June 21, 2016 McDermott secured an installation contract from Brunei Shell Petroleum for the Fairley and Ampa Fields offshore Brunei.

Ezra Bags $300M Deals for Deepwater Projects in GOM, SE Asia, West Africa
Tuesday, June 21, 2016 Singapore's Ezra Holdings bags around $300 million contracts from international oil majors for deepwater projects in the Gulf of Mexico, Southeast Asia and West Africa.

China's Hilong to Install Jackets for Indonesia's Madura MDA-MBH Project
Monday, June 20, 2016 China's Hilong Petroleum Offshore Engineering Co. secures a contract from PT Timas Suplindo to install jackets for the Husky-CNOOC Madura Ltd.'s Madura MDA-MBH project offshore Java, Indonesia.

Indonesia's Upstream Investment Appeal Fades
Monday, June 20, 2016 Indonesia's efforts to boost upstream petroleum investments to mitigate falling production have not made much headway in recent years, further entrenching its reliance on imports.

Swiber Names Yeo Chee Neng as CEO & President, Succeeds Francis Wong
Monday, June 20, 2016 Swiber Holdings names Yeo Chee Neng as CEO and president, succeeding Francis Wong who will now be the firm's vice chairman.

Hungary's MOL Reports Oil Discovery In Pakistan
Friday, June 17, 2016 Hungary's MOL group makes a new oil and gas discovery in Pakistan, its eighth discovery in the TAL block.

Singapore's NauticAWT to Raise $1.9M Through Share Issue to HARPS
Friday, June 17, 2016 Singapore's NauticAWT signs agreement with HARPS Holdings, raising $1.93 million through issue of new company shares to the latter.

Philippines DOE Grants Moratorium on Palawan Basin's SC55 Work Program
Friday, June 17, 2016 The Philippines' Department of Energy grants a 2 year moratorium on the work program for Service Contract 55 in the Palawan Basin off the Philippines.

China's March To Biggest Oil Importer Hits US Shale Roadblock
Friday, June 17, 2016 The world's biggest oil importer. The title nobody wants.

COSL Appoints Qi Meisheng as CEO and President, Replaces Li Yong
Thursday, June 16, 2016 China Oilfield Services Ltd. (COSL) appoints Qu Meisheng as CEO and president following Li Yong's resignation.

Mermaid Maritime's Unit Bags DSV Charter-in Deal for Work Off Indonesia
Wednesday, June 15, 2016 PT Seascape Surveys Indonesia secures a one year charter-in contract from PT Nusa Perkasa Permai for the Mermaid Nusantara dive support vessel for work off Indonesia.

CNOOC Appoints New CEO
Wednesday, June 15, 2016 CNOOC Limited appoints Yang Hua as its new CEO, amid a flurry of other managerial changes.

Santos Plans Sidetrack Ops at AAL-4X Well in Indonesia's NW Natuna PSC
Wednesday, June 15, 2016 Santos plans to commence sidetrack operations at AAL-4X appraisal well in Northwest Natuna block in the Natuna Sea offshore Indonesia.

Indonesia Rejects Exxon Proposal To Boost Cepu Block Output
Tuesday, June 14, 2016 Indonesia rejects a proposal to increase crude output from the Cepu block operated by U.S. oil and gas giant ExxonMobil to up to 200,000 barrels per day, the country's upstream oil and gas regulator (SKKMigas) told parliament.

Carigali Hess Operating Co. Seeks $6.3M in Damages Over 2012 Crane Accident
Tuesday, June 14, 2016 Carigali Hess Operating Company (CHOC) files arbitration proceedings against Favelle Favco Crane over a crane accident in 2012 at a CHOC platform located off Malaysia.

PBJV Clinches Contract from Murphy for Work Offshore Malaysia
Tuesday, June 14, 2016 PBJV Group clinches an umbrella contract to provide welding services for Murphy Oil's units operating offshore Malaysia.

Pacific Crest Seeks Arbitration After Chinese Yards Failed to Deliver PSVs
Tuesday, June 14, 2016 Pacific Radiance's unit Pacific Crest issues notices of arbitration against two Chinese shipyards over their failure to deliver a platform supply vessel each as specified under their contracts.

Shell Sees Malikai Project in Malaysia as Boosting Deepwater Ambitions
Tuesday, June 14, 2016 Shell-operated Malikai deepwater project offshore Malaysia supports the company's aims of staying at the forefront of the global deepwater industry.

Petrofac Secures Contract from Bumi Armada for Olombendo FPSO
Monday, June 13, 2016 Petrofac secures a three year contract from Bumi Armada for the Olombendo floating production, storage and offloading unit, currently under conversion in Singapore.

Coming Wave Of Gas Puts Focus On Finding New Shores
Monday, June 13, 2016 Energy giants such as Shell and Total are looking to build terminals and power plants in new markets to soak up the industry's rapidly burgeoning supply.

Perisai Petroleum Defers Delivery of Perisai Pacific 102 to End October
Monday, June 13, 2016 Malaysia's Perisai Petroleum defers delivery of newbuild jackup Perisai Pacific 102 to end October.

Japan's NYK Acquires 25% Stake in EMAS Chiyoda Subsea
Monday, June 13, 2016 Japan's Nippon Yusen Kabushiki Kaisha (NYK) acquires a 25 percent stake in newly formed EMAS Chiyoda Subsea from existing shareholders EMAS AMC and Chiyoda.

Energy World's Newest Supership Misses the Boat on LNG Pricing
Friday, June 10, 2016 It's longer than three soccer fields, heavier than two aircraft carriers and powerful enough to chill gas into liquid colder than the surface of Jupiter. And its maiden voyage couldn't have come at a worse time.

Greka Prepares to Drill Well for Essar in West Bengal's Raniganj Block
Thursday, June 09, 2016 Greka Drilling commences preparations to drill a third well for Essar Oil in the Raniganj block, West Bengal, India under a contract signed in February.

Japanese Banks Expand To Ranks of World's Biggest Energy Lenders
Thursday, June 09, 2016 Japanese banks, known for the risk-aversion that spared them the worst of the credit crisis, have quietly grown into some of the world's largest energy lenders.

Singapore's Offshore Marine Firm Otto Marine Gets Delisting Offer
Thursday, June 09, 2016 Offshore marine company Otto Marine receives a proposal from Ocean International Capital to delist from the Singapore Exchange.

NADL, Jurong Shipyard Extend Standstill Agreement for West Rigel
Wednesday, June 08, 2016 North Atlantic Drilling Ltd. and Jurong Shipyard extend a standstill agreement for delivery of West Rigel semisub to September.

China Plans Oceanic 'Space Station' In South China Sea
Wednesday, June 08, 2016 China is speeding up efforts to design and build a manned deep-sea platform to help it hunt for minerals in the South China Sea, one that may also serve a military purpose in the disputed waters.

Mermaid Maritime Secures $15M Subsea Contracts in Asia
Wednesday, June 08, 2016 Thailand's Mermaid Maritime secures six subsea contracts, worth $15 million, in Asia.

World's Top Three Shipyards Seek To Raise $7.3B In Revamp
Wednesday, June 08, 2016 The world's three biggest shipyards plan to raise a combined $7.3 billion selling assets and cutting jobs as they seek to pare debt as part of a restructuring following losses last year.

India Says Will Work Toward Implementing Paris Climate Pact This Year
Tuesday, June 07, 2016 India agreed to work toward joining the Paris Agreement on climate change this year, India and the United States say, giving momentum to the international fight to curb global warming.

Inpex Spuds Exploration Well Off Japan's Shimane, Yamaguchi Prefectures
Tuesday, June 07, 2016 Inpex spuds an exploration well offshore Japan's Shimane and Yamaguchi prefectures as part of the government's "Hesei 26~28 Drilling Program in Japan".

ACL, Lamara Acquire Tangai-Sukananti KSO in South Sumatra Basin for $4.3M
Tuesday, June 07, 2016 Cooper Energy signs agreement to sell 55 percent interest in the producing Tangai-Sukananti KSO in South Sumatra Basin, Indonesia to ACL International and Lamara Energy for $4.3 million.

Chevron To Ramp Up Gas Production In China's Southwest Chuandongbei Project
Tuesday, June 07, 2016 Chevron's fully-owned subsidiary Unocal East China Sea will ramp up production in the Luojiazhai and Gunziping gas fields, its biggest investment in China, the firm says.

COSL to Deploy Hai Yang Shi You 718 for Seismic Survey in Asia in Late June
Tuesday, June 07, 2016 China Oilfield Services Ltd.(COSL) clinches a contract to carry out seismic survey in Asia in late June.

RIH Sells Partial Stakes in 2 Subsidiaries to Schroder for $9.75M
Tuesday, June 07, 2016 Rex International Holding sells partial stakes in subsidiaries Lime Petroleum Norway and Masirah Oil to Schroders & Co. Banque for $9.75 million.

Swiber Bags $215M Contracts in Myanmar, Vietnam and Qatar
Tuesday, June 07, 2016 Swiber bags three contracts, worth $215 million, for work in Myanmar, Vietnam and Qatar.

CNPC Gears Up for Increased Natural Gas Role in China in Next 5 Years
Monday, June 06, 2016 China National Petroleum Corp. prepares for greater role natural gas will play in China in the next five years.

PETRONAS Sells 10% Stake in Liquefaction Train in Sarawak to JX Nippon
Friday, June 03, 2016 PETRONAS and JX Nippon Oil & Energy sign agreement for the sale and purchase of a 10 percent stake in PETRONAS LNG 9, which owns the ninth liquefied natural gas liquefaction train in Bintulu, Sarawak, Malaysia.

Malaysia's Most Battered Oil And Gas Stock Eyes Foreign Tie-Up
Friday, June 03, 2016 Malaysia's UMW Oil & Gas Corp. is teaming up with foreign partners for the first time to venture outside of Asia and predicts the slowdown that forced the company to idle most of its drilling rigs may be ending.

Sembcorp Marine to Contest EIG Management's Claim in U.S. Legal Suit
Friday, June 03, 2016 Sembcorp Marine and its unit Jurong Shipyard have been served with summons in a legal suit filed by EIG Management in the U.S. over the latter's $221 million investment in Sete Brasil.

HZN Bags Over $100M Contracts for Helicopter Services in Philippines, NZ
Thursday, June 02, 2016 HZN clinches two contracts, worth over $100 million, to provide helicopter services in the Philippines and New Zealand.

Alam Maritim Bags $6.8M PETRONAS' Subcontract for PFLNG1 Facility
Thursday, June 02, 2016 Alam Maritim bags $6.8 million subcontract from PETRONAS FLNG1 for the PFLNG1 facility to be deployed offshore East Malaysia.

Cooper Completes Sale of 2 South Sumatran PSCs to Mandala Energy
Thursday, June 02, 2016 Cooper Energy completes the sale of two South Sumatran Basin exploration blocks in Indonesia to Mandala Energy.

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