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Regional News: East & SE Asia

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Creditor Applies to Singapore High Court to Wind Up Otto Marine
Monday, April 27, 2015 Otto Marine faces an application by its creditor to wind up the Singapore-based offshore marine group that specializes in the subsea and deepsea segment.

Malaysia's FVSB Bags PETRONAS' Contract for PFLNG1 Facility
Monday, April 27, 2015 Malaysia's FPSO Ventures bags a marine operations and maintenance services deal from PETRONAS for the latter's first floating liquefied natural gas facility.

Singapore's EMS Energy, Koastal to Merge in $112.6M Deal
Monday, April 27, 2015 EMS Energy to merge with Koastal Group in a $112.6 million deal to set up an integrated offshore and marine services provider in Singapore.

Oil Flows from Bunian-3ST2 Well in Sumatra's Sukananti SKO During Test
Monday, April 27, 2015 Cooper Energy successfully flows oil during production test at Bunian-3ST2 development well in Sukananti SKO in South Sumatra, Indonesia.

First Oil Flows at CNOOC's Kenli 10-1 Field in China's Bohai Bay
Monday, April 27, 2015 CNOOC commences oil production from the Kenli 10-1 field in China's Bohai Bay.


CNOOC Posts 40% Slide In 1Q Revenue As Oil Prices Plunge
Friday, April 24, 2015 China's top offshore oil producer CNOOC posts a 40% fall in 1Q revenue.

KrisEnergy Starts Drilling Rayrai-1 in the Gulf of Thailand
Friday, April 24, 2015 KrisEnergy begins drilling the Rayrai-1 exploration well on block G10/48 in the Gulf of Thailand.

Worldwide Recruitment Solutions Opens Singapore Office to Expand in Asia
Thursday, April 23, 2015 Global energy recruiter Worldwide Recruitment Solutions opens an office in Singapore to expand in Asia.

Cosco Dalian Bags MODEC's $95M FPSO Conversion Contract
Thursday, April 23, 2015 China's Cosco Dalian bags MODEC's $95 million floating production, storage and offloading conversion contract.

Sino G&E Raises $62M in Share Placement, to Fund China Gas Assets
Thursday, April 23, 2015 Sino Gas & Energy raises $62 million in share placement, with the funds to be used for its China unconventional gas projects.

China Defends Vessels' Actions Against Philippines in South China Sea
Wednesday, April 22, 2015 China defends the actions of its vessels in the disputed South China Sea after the Philippines accused China's coast guard of using water cannon on Philippine fishing boats and urged Manila to increase its "education" of its fishermen.

Red Emperor Updates on Operations in Philippines, Somalia and Georgia
Wednesday, April 22, 2015 Australia's Red Emperor provides an update on its operations in the Philippines, Somalia and Georgia.

Petroleum Companies Need to Focus on Reducing Industry Cost
Wednesday, April 22, 2015 Companies need to reduce petroleum industry cost to bring offshore hydrocarbons into production economically, speakers at a conference in Singapore say.

Malaysian Firm Sells Drilling Rig for $223M
Wednesday, April 22, 2015 Coastal Contracts sells a jack-up rig for $223 million.

Sembawang Shipyard Bags Teekay's $41M Gina Krog FSO Conversion Project
Wednesday, April 22, 2015 Sembcorp Marine's unit Sembawang Shipyard bags a $41.4 million floating storage and offloading conversion contract from Teekay for the Gina Krog field in the North Sea.

Total-led LNG Project in Papua New Guinea Targets 1st Gas in 2021
Wednesday, April 22, 2015 The first shipments from a new liquefied natural gas project in Papua New Guinea operated by Total are expected in 2021.

Cooper Energy Prepares for Production Test at Bunian-3 ST2 Well in Sumatra
Tuesday, April 21, 2015 Cooper Energy prepares for production testing at Bunian-3 ST2 development well in Sukananti KSO in South Sumatra, Indonesia.

OPITO Enters into China's Oil, Gas Training Provider Sector
Tuesday, April 21, 2015 OPITO marks entry into China with the accreditation of Shenzhen Safeway Technology Service in Guangdong Province.

Maersk Drilling: Cheap Oil to Trigger Drilling Sector Take-Over Wave
Tuesday, April 21, 2015 The oil drilling industry faces a wave of take-overs in the next two years as crude prices are expected to remain under $85 per barrel, Claus Hemmingsen, chief executive of Danish Maersk Drilling, says.

KrisEnergy Finds Oil, Gas at Rossukon-3ST Well in the Gulf of Thailand
Monday, April 20, 2015 KrisEnergy finds hydrocarbons at Rossukon-3ST sidetrack exploration well in G6/48 in the Gulf of Thailand, completing its 2015 drilling program in the block.

Interra Completes CHK 1196 Well in Myanmar's Chauk Field as an Oil Producer
Monday, April 20, 2015 Interra Resources completes CHK 1196 development well in Chauk field in Myanmar as an oil producer.

Keppel O&M Records 1Q 2015 Net Profit of $150.4M, Down 12% YOY
Friday, April 17, 2015 Keppel Offshore & Marine posted a net profit of $150.4 million in the first quarter of 2015, down 12 percent from a year ago.

Searcher Processing Seismic Datasets in the Philippines, Papua New Guinea
Friday, April 17, 2015 Searcher Seismic is currently processing two seismic datasets in the Philippines and Papua New Guinea.

Ezra's Subsea Division EMAS AMC Clinches $55M Contracts
Thursday, April 16, 2015 Ezra Holdings' subsea division EMAS AMC clinches $55 million contracts from several oil and energy companies.

Key Gibraltar Drills Rossukon-3ST Well in the Gulf of Thailand
Thursday, April 16, 2015 Key Gibraltar jackup spuds Rossukon-3ST sidetrack exploration well in Block G6/48 in the Gulf of Thailand.

Otto Marine Delivers 4 OSVs, Including 2 AHTS, to Pertamina's Subsidiary
Thursday, April 16, 2015 Otto Marine delivers four offshore support vessels, including two anchor handling tug supply vessels, to PT Pertamina Trans Kontinental at its yard in Batam, Indonesia.

SPE Starts Arbitration Proceedings Against Lemang PSC Operator Hexindo
Thursday, April 16, 2015 Ramba Energy says Super Power Enterprises commences arbitration proceedings against its unit PT Hexindo Gemilang Jaya, which is the operator of the Lemang Production Sharing Contract in Sumatra, Indonesia.

Technip, COOEC Bag FEED Contract for Liuhua Project in South China Sea
Thursday, April 16, 2015 The Technip-COOEC consortium bags a front end engineering design contract from CNOOC for two tension leg platforms for the Liuhua 11-1 and 16-2 joint development projects in the South China Sea.

KrisEnergy Finds Hydrocarbons at Rossukon-3 Exploration Well Off Thailand
Wednesday, April 15, 2015 KrisEnergy finds hydrocarbons at Rossukon-3 exploration well in Block G6/48 in the Gulf of Thailand.

Citic Continues Drilling at Lofin-2 Appraisal Well in Indonesia's Seram PSC
Wednesday, April 15, 2015 Citic continues drilling at Lofin-2 appraisal well in Seram (Non-Bula) production sharing contract in eastern Indonesia.

CEO: Petronas Not Cutting Pay Or Staff
Wednesday, April 15, 2015 Petronas denies a media report that said staff at one of its units were asked to take a pay cut due to the plunge in global oil prices.

UMW Commences Arbitration as Frontier Breaches UMW Naga 7 Contract
Wednesday, April 15, 2015 UMW Offshore Drilling commences arbitration in Singapore regarding a breach of contract by Philippines' Frontier Drilling for the UMW Naga 7 jackup.

Lundin Flows First Oil from Bertam Field Offshore Sabah
Tuesday, April 14, 2015 Lundin Petroleum commences first production from the Bertam oil field in Block PM307 offshore Sabah, Malaysia.

Civmec Enters into Due Diligence to Acquire Technip's Indonesian Subsidiary
Tuesday, April 14, 2015 Civmec enters into due diligence to acquire Technip's Indonesian subsidiary PT Global Industries Asia Pacific.

Tap Oil Updates on Commercial Spat with Thai Partner in Manora Oil Field
Tuesday, April 14, 2015 Tap Oil updates on its commercial dispute with the firm's joint venture partner in the Manora oil development in the Gulf of Thailand.

Former CNPC Chairman Pleads Guilty to Zhou-Linked Corruption
Tuesday, April 14, 2015 The former chairman of China’s biggest oil producer pleads guilty to accepting bribes and abuse of power in his one-day trial, the first major court case former security chief Zhou Yongkang has been named in.

Bumi Armada Forms JV for EPCC of Indonesia's Madura BD Field FPSO Project
Monday, April 13, 2015 Bumi Armada forms joint venture to undertake engineering, procurement, conversion and construction of a floating production, storage and offloading vessel for the Madura BD Field project in Indonesia.

PT Synergy Engineering Bags FEED Contract for East Java's Lengo Gas Field
Monday, April 13, 2015 KrisEnergy awards front-end engineering and design contract for the Lengo gas development, offshore East Java, Indonesia to PT. Synergy Engineering.

Graft Trial Opens for Former Head of China's Top Energy Group
Monday, April 13, 2015 The trial of the former head of CNPC begins, with charges of bribery, abuse of power and other corrupt practices making him the latest in a string of top officials hauled into court by an anti-graft campaign.

Western Australia Hopes to Expand LNG Ties with Singapore
Monday, April 13, 2015 Western Australia hopes to boost supply of liquefied natural gas to Singapore and collaborate with the island-state on gas projects.

Pertamina Likely to Sign Transition Agreement Next Week for Mahakam Block
Friday, April 10, 2015 Pertamina is likely to sign a transition agreement next week with Mahakam block joint venture partner as it prepares to take over as operator in 2018.

OPEC's No-Cut Strategy is Not Working, Iran Says
Friday, April 10, 2015 OPEC's strategy of holding output steady is not working and the group's members should discuss production levels before its next meeting in June, Iran's oil minister says, a sign of the pain lower prices are causing OPEC's less wealthy producers.

Norshore Atlantic Prepares for Well Intervention Work at Langsa Off Sumatra
Friday, April 10, 2015 Norshore Atlantic multipurpose drilling vessel to perform well intervention work for Pertamina Blue Sky Langsa at Langsa TAC, offshore Indonesia.

Iran Seeks to Mend Fences with Chinese Oil Firms to Get Projects Going
Thursday, April 09, 2015 Iran hopes to resolve differences with Chinese energy companies on oil and gas projects in the Islamic republic, as Tehran wants to be ready to raise output quickly after a potential lifting of sanctions this year, Iranian oil officials say.

Mubadala Completes Development Drilling at Manora Oil Project Off Thailand
Thursday, April 09, 2015 Mubadala Petroleum completes developing drilling at Manora oil field in the Gulf of Thailand.

Petro Matad Farms Out 78% Stake in Mongolia's Blocks IV, V to BG
Wednesday, April 08, 2015 Petro Matad agrees to farm out a 78 percent stake in Blocks IV and V in central Mongolia to BG.

Cooper Energy Provides Update on Drilling in Indonesia, Australia
Wednesday, April 08, 2015 Cooper Energy provides update on drilling operations in Indonesia and Australia.

Ezra's Profit After Tax Falls 79% YOY to $4.7M in 2Q 2015
Wednesday, April 08, 2015 Ezra's profit after tax fell 79 percent in the second quarter of 2015 to $4.7 million compared to a year ago.

NGP Continues to Default on Manora Oil Project in Gulf of Thailand
Wednesday, April 08, 2015 Tap Oil says Northern Gulf Petroleum continues to default on payment for development costs of the Manora Oil Field in the Gulf of Thailand.

JX Nippon Finds Oil at Bestari-1 Well in Deepwater Block R Off Sabah
Tuesday, April 07, 2015 JX Nippon Oil & Gas finds oil at Bestari-1 exploration well in deepwater Block R offshore Sabah, East Malaysia.

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