Regional News: East & SE Asia

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Cosco Agrees to Defer Delivery of a Semisub Floatel to Axis Offshore
Friday, July 03, 2015 China's Cosco Qidong agrees to defer delivery of a semisubmersible floatel to Axis Offshore to 2016, a year later than planned.

Is Joint Development an Option as Tensions Mount in South China Sea?
Friday, July 03, 2015 As China's land reclamation activities in the South China Sea aggravate tensions, joint resource development has been mooted to cool rising temperatures in the regional territorial spat.

Samsung Heavy Industries Clinches $4.7B Contract to Build 3 FLNGs for Shell
Friday, July 03, 2015 South Korea's Samsung Heavy Industries clinches a $4.7 billion contract to construct three floating liquefied natural gas facilities for Shell.

Minister: Indonesia Expects Total to Make Decision on Mahakam within Days
Friday, July 03, 2015 Total will decide over the next few days how much interest it will retain from 2018 in Indonesia's offshore Mahakam oil and gas block, according to the country's energy minister.

Opus Offshore Takes Delivery of Opus Tiger 1 Drillship in China
Thursday, July 02, 2015 Opus Offshore takes delivery of Opus Tiger 1 drillship from Shanghai Shipyard in China.


Bumi Armada Allocates More Funds from Rights Issue to FPSO, FGS Units
Thursday, July 02, 2015 Malaysia's Bumi Armada allocates more funds raised from a rights issue on its floating production, storage and offloading as well as floating gas solutions business units.

Cooper Energy Reschedules Drilling Plans for Sukananti KSO in Sumatra
Thursday, July 02, 2015 Cooper Energy reschedules drilling plans for the Sukananti KSO in Sumatra, Indonesia and will spud Bunian-4 appraisal well in mid-July.

Indonesia's Pertamina May Acquire 60% of Engineering Firm Rekind
Thursday, July 02, 2015 Indonesian state energy firm Pertamina is considering acquiring a 60 percent stake in engineering contractor Rekayasa Industri (Rekind), among efforts to improve its engineering resources.

Maersk Venturer to Mobilize to Hawkeye-1 Well in Palawan Basin in Late July
Thursday, July 02, 2015 The Maersk Venturer drillship will mobilize to drill the Hawkeye-1 exploration well in Service Contract 55 in the Palawan Basin, offshore Philippines in late July.

AOD Exercises Option to Build 2 R-550D Jackups at China's CSSC HPWC Yard
Wednesday, July 01, 2015 Alliance Offshore Drilling exercises option to build two R-550D jackups at China's CSSC Huangpu Wenchong Shipyard in Guangzhou, China.

First Oil Flows from CNOOC's Bozhong 28/34 Project in China's Bohai Bay
Wednesday, July 01, 2015 CNOOC commences production at Bozhong 28/34 oilfields comprehensive adjustment project in Bohai offshore China.

Sembcorp Marine Reorganizes Business to be a Globally Integrated Firm
Wednesday, July 01, 2015 Sembcorp Marine reorganizes its business to be a globally integrated company, focusing on four key capabilities.

DSME Delivers Songa Equinox Semisub, Newbuild to Work for Statoil in 4Q15
Wednesday, July 01, 2015 Songa Offshore takes delivery of newbuild Songa Equinox from Daewoo Shipbuilding & Marine Engineering in South Korea and the semisub will soon head for Norway to work for Statoil at the Troll field.

Otto Marine Lands $131M in New Orders in 2Q 2015, Lifted by Chartering Unit
Tuesday, June 30, 2015 Otto Marine secures $131 million contract in new orders in the second quarter, thanks largely to its chartering business.

China's Slowing Gas Demand Raises Supply Concern in Australia
Tuesday, June 30, 2015 China's weakening appetite for super-cooled natural gas is raising concerns that the industry is facing a glut as global supply grows.

CNPC Commences Construction of Chinese Segment of Russia-China Gas Pipeline
Tuesday, June 30, 2015 CNPC commences construction of the Chinese segment of the Eastern Route of the Russia-China Gas Pipeline.

Liannex Offers $60.4M for Malaysian FPSO Firm Yinson's Non-Oil, Gas Units
Tuesday, June 30, 2015 Liannex Labuan offers to acquire the non-oil and gas business of Malaysia's floating production, storage and offloading firm Yinson Holdings for $60.4 million.

Technip Wins Topsides Contract with Jurong Shipyard
Tuesday, June 30, 2015 France's Technip is awarded a topsides engineering and procurement services contract by Singapore's Jurong Shipyard.

China's Shouyang CBM Operator FEEC Enters Into $4M Loan Facility Agreement
Tuesday, June 30, 2015 Far East Energy, operator of the Shouyang coalbed methane production sharing contract in China, enters into a $4 million term loan facility agreement and secures an extension on an existing $1.4 million loan facility.

Technip Bags Brazil's Libra Oil Field FPSO Contract from Jurong Shipyard
Tuesday, June 30, 2015 Technip bags an engineering and procurement services contract from Jurong Shipyard for the floating production, storage and offloading vessel for deployment to Brazil's offshore Libra oil field.

COSL Takes Delivery of Newbuild AHTS from Cosco Guangdong
Monday, June 29, 2015 Cosco Guangdong delivers a newbuild anchor handling tug supply vessel to COSL.

China's CNPC Signs Contract to Build Second Pipeline for Russian Crude
Friday, June 26, 2015 CNPC has signed a construction contract for a second domestic pipeline to carry Russian crude oil from Mohe to Daqing, a company-run newspaper says.

Thailand's PTT Names Subsidiary Head Tevin as New CEO
Friday, June 26, 2015 PTT has appointed Tevin Vongvanich, head of subsidiary PTTEP, to become the chief executive officer of Thailand's biggest energy firm, PTT's chairman says.

Red Emperor Raises Funds to Drill Hawkeye-1 Well Offshore Philippines
Friday, June 26, 2015 Red Emperor raises $4.53 million to fund drilling of the Hawkeye-1 exploration well in Service Contract 55 offshore the Philippines in late July.

Sefton Partners UTAS to Acquire Producing Oil, Gas Assets in Indonesia
Friday, June 26, 2015 Sefton Resources signs development agreement with UTAS Petroleum Services to acquire producing upstream oil and gas assets in Indonesia.

Tanjung Offshore Mulls Brownfield Development Ventures in Malaysia, SE Asia
Friday, June 26, 2015 Tanjung Offshore considers venturing into brownfield development in Malaysia and Southeast Asia.

CIMC Raffles Completes Mating Ops for Frigstad's UDW Semisub at Yantai
Thursday, June 25, 2015 CIMC Raffles completes mating operations for an ultra deepwater semisubmersible ordered by Frigstad at its yard in Yantai, China.

Tap Oil Updates on Spat with Northern Gulf Firms in Thailand's Manora Field
Thursday, June 25, 2015 Tap Oil updates on commercial disputes with partner Northern Gulf companies in Block G1/48 concession in the Gulf of Thailand.

Ex-CNOOC Executive Under Investigation in China for Graft
Thursday, June 25, 2015 The former deputy general manager of CNOOC is under criminal investigation for "accepting bribes", according to judicial authorities in China.

Hyundai Bags $720M Deal to Build Facilities for O&G Projects in East Timor
Wednesday, June 24, 2015 Hyundai Engineering & Construction bags a $720 million contract to construct a seawall and other facilities to support offshore oil and gas development in East Timor.

Indonesia Sets Oil, Gas Production Targets for 2016
Wednesday, June 24, 2015 Indonesia sets 2016 gas production target of 1.1 million to 1.3 million barrels of oil equivalent and plans to produce 800,000 to 830,000 barrels of oil per day.

Alam Swiber Wins Subsea Contact at Chevron's Prai Terminal in Malaysia
Wednesday, June 24, 2015 Alam Swiber Offshore wins $5.9 million contract for subsea pipeline installation works from Chevron at the Prai Terminal in Pulau Pinang, Malaysia.

Thai PTT in Deal with Ratchaburi to Expand into SE Asia Energy
Wednesday, June 24, 2015 PTT, Thailand's largest energy firm, says it had signed a contract with Ratchaburi Electricity Generating to study the possibility of investing in a liquefied natural gas receiving terminal in Myanmar.

Neptune Completes Grouting Project at Cakrawala Field Off Malaysia
Tuesday, June 23, 2015 Australia's Neptune Marine Services completes a displacement pile grouting project for Hyundai Heavy Industries at the Cakrawala field in the Malaysia-Thailand Joint Development Area.

Micyln Express Offshore Appoints Venkatraman Sheshashayee as CEO
Tuesday, June 23, 2015 Miclyn Express Offshore appoints Venkatraman Sheshashayee as CEO of the Singapore-based service vessels provider.

NuEnergy Gas Spuds RE-CBM-01CE Exploratory Well in Central Sumatra
Tuesday, June 23, 2015 NuEnergy Gas spuds RE-CBM-01CE well in Rengat Production Sharing Contract in Sumatra, Indonesia.

Seatronics Appoints New Global Operations Vice President
Tuesday, June 23, 2015 Seatronics has promoted Derek Donaldson from Vice President Asia Pacific to Vice President Global Operations.

Aolong Prepares to Drill Niaoshan-1 Well in China's Heilongjiang Province
Tuesday, June 23, 2015 The Aolong Joint Venture prepares to drill Niaoshan-1 well in China's Heilongjiang province.

Petro Matad Completes Farm-out of Blocks IV and V in Central Mongolia
Monday, June 22, 2015 Petro Matad announces that it has completed its farm-out of Blocks IV and V, located in Central Mongolia, to BG Group.

Total, Inpex to Share 30% Stake in Indonesia's Mahakam Gas Block
Friday, June 19, 2015 Indonesia says it will allocate Total and Japan's Inpex a 30 percent stake in the offshore Mahakam oil and gas block once the French major's operating rights to Indonesia's top gas field expire in December 2017.

China Says Island-Building Ecologically Benign
Friday, June 19, 2015 China's construction on disputed reefs in the South China Sea will not destroy ocean ecology, the country's maritime regulator says, in the face of complaints from the Philippines that the work is damaging coral in the area.

Scana to Supply Offloading System to Jurong Shipyard for Libra FPSO
Friday, June 19, 2015 Norway's Scana Offshore wins contract to supply offloading system to Jurong Shipyard for the Libra floating production, storage and offloading facility.

Sugih Energy Expects Indonesia Govt to Approve Sumatra's Lemang Block POD
Friday, June 19, 2015 Sugih Energy expects the Indonesian government to approve the development plan for the Lemang block in Sumatra, Indonesia.

PETRONAS to Keep Staff Size Despite Lower Profits
Thursday, June 18, 2015 PETRONAS has no intention to lay off its 50,000 local and foreign staff despite lower profits arising from the decline in oil prices.

Production Commences at Nong Yao Oil Field Offshore Thailand
Thursday, June 18, 2015 Mubadala Petroleum announces that production commenced at the Nong Yao oil field, located in the southern Gulf of Thailand, on June 17.

PetroVietnam Completes Acquisition of Chevron's Assets in Vietnam
Thursday, June 18, 2015 PetroVietnam completes acquisition of Chevron's assets in Vietnam, giving it ownership of two offshore gas blocks and a stake in a pipeline firm.

S. Korea Companies Proceed at Different Pace in Securing Upstream Assets
Thursday, June 18, 2015 South Korean firms remain focused on enhancing energy security through upstream acquisitions overseas but progress on this front hinges on individual company's current priorities.

Empired Bags $11.6M IT Services Contract from PNG-Focused InterOil
Wednesday, June 17, 2015 Australia's Empired bags a $11.6 million information technology services contract from Papua New Guinea-focused InterOil.

China's Anti-Graft Investigator Keeps Oil Giants in Its Sights
Wednesday, June 17, 2015 China's anti-corruption investigators continue to zero in on the nation's oil giants, calling on two of its biggest state-owned companies.

Daewoo Names New Chief After Ex-CEO Quits Over Myanmar Gas Sale Spat
Wednesday, June 17, 2015 Daewoo International gets new chief after former CEO resigned over a disagreement with parent company POSCO to sell its offshore gas assets in Myanmar.

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