Regional News: East & SE Asia

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Official: Indonesia To Start Producing Natural Gas From Two Projects
Friday, July 29, 2016 Indonesia expects to start natural gas production from two deepwater fields this year and next, even as major oil companies are reviewing economics for other projects, a senior energy official says.

CNOOC Warns Of $1.2B Loss Amid Oil Sands Writedown
Friday, July 29, 2016 CNOOC Ltd., China's biggest offshore oil and gas producer, projects about $1.2 billion in first-half losses, flipping from a profit a year ago, as it took a charge on its Canadian oil sands assets.

Sembcorp Marine's 2Q 2016 Net Profit Falls 90% to $8.1M
Friday, July 29, 2016 Sembcorp Marine's net profit falls sharply in the second quarter of 2016, down 90 percent to $8.1 million, compared to $80.7 million last year.

Saipem Bags 2 Contracts for Indonesia's Tangguh LNG Expansion Project
Thursday, July 28, 2016 Saipem bags two contracts for onshore and offshore work on the BP-operated Tangguh liquefied natural gas (LNG) expansion project in Indonesia's Papua Barat Province.

Thailand's PTTEP Q2 Profit More Than Doubles, Beats Forecast
Thursday, July 28, 2016 PTT Exploration and Production, Thailand's largest oil and gas explorer, says its quarterly net profit more than doubled, helped by lower expenses.


Malaysia's PBJV Clinches $9.4M T&I Contract for SKO Field Off Sarawak
Thursday, July 28, 2016 Barakah Offshore's unit PBJV clinches a $9.4 million transportation and installation contract for the SKO Field in Sarawak off Malaysia.

Cooper Energy Reports Delay in Completing Sale of Tangai-Sukananti KSO
Thursday, July 28, 2016 Australia's Cooper Energy says the planned completion of its sale of a 55 percent stake in Tangai-Sukananti KSO in Indonesia's South Sumatra Basin has been delayed as regulatory approval has not been secured.

Singapore's Swiber Holdings to Wind Up Company, 3 Senior Executives Resign
Thursday, July 28, 2016 Swiber Holdings files an application to wind up the Singapore-based offshore construction and support services firm as 3 senior executives resigned.

Singapore Banks' Concerns Grow about Oil, Gas Sector Exposure
Thursday, July 28, 2016 Two of Singapore's top banks flag mounting concerns about loans to the oil and gas sector.

Vroon Takes Delivery of 2 PSVs from China's Fujian Southeast Shipyard
Thursday, July 28, 2016 Vroon takes delivery of 2 platform supply vessels built by Fujian Southeast Shipyard in China.

Indonesia President Joko Widodo Names Archandra Tahar as Energy Minister
Wednesday, July 27, 2016 Indonesia's President Joko Widodo appoints Archandra Tahar as Energy and Mineral Resources Minister in a cabinet reshuffle, replacing Sudirman Said, according to local media.

State Media: China's CNPC To Cut 2016-2020 Annual Investment By Around 40%
Wednesday, July 27, 2016 China National Petroleum Corp. (CNPC) will cut its annual investment between 2016 and 2020 to about $39 billion, down around 40 percent from the 2011-2015 period, state media says.

Expro Wins $17M Well Testing Contract from India's ONGC
Tuesday, July 26, 2016 Expro wins a $17 million well testing contract from Oil and Natural Gas Corp. Ltd. (ONGC) for work on its upstream assets in India.

China Oil Giant's Income Rises as Costs Cut Amid Shift to Gas
Tuesday, July 26, 2016 China National Petroleum Corp. says first-half profit rose 11 percent and that spending cuts at the country's largest field helped boost earnings.

LNG's Surge From Decade-Low Seen Fizzling As Supply Ramps Up
Tuesday, July 26, 2016 LNG's surge is running out of gas.

Shell Philippines Files for $629M IPO, Eyes Nov Listing
Tuesday, July 26, 2016 Pilipinas Shell Petroleum Corporation files for an initial public offering of its shares that may raise as much as $629 million in one of the Philippines' largest stock market listings.

US Says Backs Resumption Of China-Philippines Talks On South China Sea
Tuesday, July 26, 2016 US Secretary of State John Kerry says he supported the resumption of bilateral talks between China and the Philippines over the South China Sea, following a ruling against Beijing over the dispute earlier this month.

PETRONAS Awards SK410B PSC Offshore Malaysia to PTTEP-led JV
Friday, July 22, 2016 PETRONAS awards the SK410B Production Sharing Contract offshore Malaysia to a joint venture comprising Thailand's PTTEP, KUFPEC and PETRONAS Cargali.

NauticAWT, ENRA Sets Up JV to Tap Business Opportunities in Malaysia
Friday, July 22, 2016 NautiAWT forms a joint venture, ENRA NauticAWT, with ENRA Oil and Gas Services to tap business opportunities in Malaysia.

Keppel Sees Prolonged Dearth Of Oil-Rig Orders Amid Glut
Friday, July 22, 2016 Keppel Corp., the world's largest builder of oil rigs, sees little prospect of an improvement in global demand amid a supply surplus that's caused quarterly profit to fall to the lowest in almost a decade.

Philippines' Oil Still In Troubled Waters After South China Sea Ruling
Friday, July 22, 2016 The Philippines, eager to resume development of vital oil and gas reserves off its coast, will likely need to reach an accord with a Chinese government infuriated by last week's ruling that granted Manila a big victory in the South China Sea.

Total Signs Agreement to Supply LNG to Japan's Chugoku Electric
Friday, July 22, 2016 Total signs agreement to supply liquefied natural gas to Japan's Chugoku Electric for 17 years beginning in 2019.

Chevron Inks LNG Supply Deal with China's JOVO Group
Thursday, July 21, 2016 Chevron inks agreement with Carbon Hydrogen Energy, a subsidiary of China's JOVO Group, to supply liquefied natural gas from its global portfolio.

Keppel Singmarine Bags $74M Contracts from Jan De Nul to Build 3 Dredgers
Thursday, July 21, 2016 Keppel Singmarine bags $73.6 million contracts to build up to three dredgers for Jan De Nul Group.

China's CNEML Completes $220M Acquisition of a 51% Stake in Sino Gas Energy
Thursday, July 21, 2016 China New Energy Mining Ltd. completes the $220 million acquisition of a 51 percent stake in Sino Gas Energy, which is the operator of Linxing and Sanjiaobei Production Sharing Contracts in China's Ordos Basin.

More Than $600 Billion Is at Stake as Japan Probes LNG Deals
Thursday, July 21, 2016 Japan's probe into whether the resale restrictions in most of its LNG contracts violate fair trade laws may lead to the renegotiation of more than $600 billion worth of deals.

Indonesia Invites Bids for 14 Conventional Oil & Gas Blocks
Thursday, July 21, 2016 Indonesia's Ministry of Energy and Mineral Resources issues invitation for energy companies to bid for 14 conventional oil and gas blocks.

Indonesia Plans To Start Building Strategic Oil Reserves This Year
Thursday, July 21, 2016 Indonesia plans to start installing tanks for its strategic petroleum reserves (SPR) and filling them this year with the goal of covering 30 days worth of emergency stocks eventually, the energy minister says.

PETRONAS Appoints Vestigo Operator of Malaysia's Berantai RSC
Thursday, July 21, 2016 PETRONAS appoints subsidiary Vestigo as the new operator of the Berantai gas field offshore Terangganu, Malaysia after the cessation of the Berantai Risk Service Contract (RSC) with the previous contractors.

BLOG: PTT Scours Ways of Funding Core Business
Thursday, July 21, 2016 Thailand's national oil firm PTT spares no effort in the search for fund its core business in the current challenging market.

CEO: Saudi Aramco Not Worried About Competition in Asia
Wednesday, July 20, 2016 Saudi Aramco is not worried about competition from other producers raising their crude sales in Asia as the number of customers the state oil giant deals with is also increasing, its CEO says.

South Korea's HHI Union Launches Partial Strike After Wage Talks Broke Down
Wednesday, July 20, 2016 Hyundai Heavy Industries union members launch a partial strike after wage negotiations broke down with the South Korean shipyard.

China Pipeline Fire Kills Two, Cuts Gas Supplies
Wednesday, July 20, 2016 China's Sinopec has shut down a section of the Sichuan-East China gas pipeline in the country's central region after it was hit by a landslide and fire, killing two people.

BP's $8 Billion Tangguh Project Boosts Indonesia's Upstream Job Market
Tuesday, July 19, 2016 BP and its joint venture partners agree to develop the Tangguh Expansion Project in Papua Barat Province, lifting some gloom from Indonesia's upstream employment market.

KrisEnergy Commences 3D Seismic Survey in Block G10/48 ibn Gulf of Thailand
Tuesday, July 19, 2016 KrisEnergy commences 3D seismic survey with the CGG Amadeus in Block G10/48 in the Gulf of Thailand.

Unique Acquires Singapore-based Oceanvision to Expand Business
Tuesday, July 19, 2016 Unique Group acquires Singapore-based Oceanvision as part of its business growth strategy.

Sembcorp Marine Delivers World's Largest Jackup Noble Lloyd Noble
Monday, July 18, 2016 Sembcorp Marine delivers the world's largest jackup Noble Lloyd Noble to Noble Corp., with the newbuild to be deployed to Statoil's Mariner field in the North Sea.

HHI Delivers Ocean Greatwhite Semisub to Diamond Offshore
Monday, July 18, 2016 South Korea's Hyundai Heavy Industries (HHI) delivers seimsub to Ocean Greatwhite to Diamond Offshore.

Philex Seeks Foreign Partner to Explore for O&G in Parts of South China Sea
Friday, July 15, 2016 Philex Petroleum is looking a foreign partner to explore for oil and gas in parts of the South China Sea.

EMAS Offshore Posts 3Q FY16 Net Loss of $23M, Revenue Down 41% to $35M
Friday, July 15, 2016 EMAS Offshore posts net loss of $23.2 million in third quarter of financial year 2016, while revenue fell 41 percent to $35.1 million amid continued weakness in the offshore services sector.

Ezion, PIO Form JV to Suport Development, Production Work by NOC
Friday, July 15, 2016 Singapore's Ezion Holdings and Pacific International Offshore form a joint venture to provide assets to support development and production work by a national oil company.

China's Oil, Coal Output Slides in Sign of More Imports to Come
Friday, July 15, 2016 The world's biggest consumer of energy is producing less of it.

Sembcorp Marine Taps GE Technology for World's Largest Semisub Crane Vessel
Thursday, July 14, 2016 GE to provide Sembcorp Marine with the electric part of the power and propulsion system for the world's largest semisubmersible crane vessel being built for Heerema.

Japan Said to Review If LNG Contracts Barring Resale Violate Law
Thursday, July 14, 2016 Japan is investigating whether contracts that restrict buyers from reselling the super-cooled fuel impede free competition, people with knowledge of the matter say.

China's Legal Setback Could Spur More South China Sea Claims
Thursday, July 14, 2016 China's resounding defeat in a legal battle with the Philippines over territorial claims in the South China Sea could embolden other states to file lawsuits if Beijing refuses to compromise on access to the resource-rich region.

Thailand's Mermaid Maritime Subsea Services Clinches $5.8M Contract
Thursday, July 14, 2016 Thailand's Mermaid Maritime Subsea Services clinches a $5.8 million technical support services contract.

Pertamina Plans an Evaluation of Indonesia's East Natuna Block Soon
Wednesday, July 13, 2016 Pertamina plans to conduct an evaluation of the East Natuna Block in the Riau Province offshore Indonesia soon.

Dril-Quip Bags $40M Subsea Deal for Indonesia's Offshore TSB Gas Project
Wednesday, July 13, 2016 Dril-Quip bags a $40 million contract to supply subsea equipment and services to Kangean Energy Indonesia for the Terang/Sirsaun/Batur (TSB) gas fields project offshore Indonesia.

MOL Makes Oil, Gas Discoveries in Pakistan
Wednesday, July 13, 2016 MOL Pakistan Oil and Gas Company B.V and joint venture partner OGDCL make 2 new onshore discoveries in Pakistan's Tal Block.

Tribunal Says China Has No Historic Title Over South China Sea
Tuesday, July 12, 2016 Judges at an arbitration tribunal in The Hague rejects China's claims to economic rights across large swathes of the South China Sea.

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