Regional News: East & SE Asia
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Husky Updates on Field Developments in China, Indonesia
Friday, July 25, 2014 Husky Energy updates on field developments at its offshore projects in China and Indonesia.
Keppel O&M's Second Quarter Net Profit Rises 14% to $216M
Friday, July 25, 2014 Keppel Offshore & Marine's second quarter net profit increases 14 percent from last year to $216 million as revenue rises 13 percent to $1.64 billion.
Inside Xi Jinping's Purge of China's Oil Mandarins
Friday, July 25, 2014 Oil executive Jiang Jiemin rose to power in Communist China in time-honored fashion: by hitching his star to a mighty mentor.
Thai PTTEP 2Q Net Profit Up 55%, Beats Forecast
Friday, July 25, 2014 PTTEP reports a 55 percent rise in second quarter net profit due to higher petroleum sales and firmer global oil prices.
Reach Energy Plans to Acquire an Upstream Asset Within 2 Years of IPO
Friday, July 25, 2014 Reach Energy intends to acquire its first upstream oil and gas asset within two years of its initial public offering on Bursa Malaysia.
OPSB Secures Financing to Develop the Ophir Oil Project Offshore Terengganu
Thursday, July 24, 2014 Octanex annouces that the joint venture developing the Ophir field offshore Terengganu, Malaysia has secured financing for the project.
Sources: Reach Energy Locks in Cornerstones for IPO
Thursday, July 24, 2014 Malaysia's Reach Energy, a special purpose acquisition company with no existing assets, locked in up to seven cornerstones for its $236.93 million IPO, two sources involved with the deal say.
Cosco Nantong Delivers Jackup Kai Xuan Yi Hao to Asian Buyer
Thursday, July 24, 2014 Cosco Nantong delivers newbuild jackup Kai Xuan Yi Hao to its Asian buyer.
CNOOC Commences Trial Production at LS36-1 Gas Field Offshore China
Wednesday, July 23, 2014 CNOOC commences trial production at LS36-1 gas field offshore Zhejiang province, China.
Cosco Reveals Buying Interest for Octabuoy Hull and Topside Module
Wednesday, July 23, 2014 Cosco Nantong receives bids for the Octabuoy hull and topside module that it had built for ATP Oil & Gas.
Kongsberg Bags $53M Contracts from Chinese, South Korean Shipbuilders
Wednesday, July 23, 2014 Kongsberg Maritime bags $53.3 million contracts from Chinese and South Korean shipyards for 13 advanced newbuild offshore vessels.
First Oil Commences at Bentara Field Offshore Sarawak
Wednesday, July 23, 2014 Petronas announces first oil commences at the Bentara field offshore Sarawak, Malaysia.
Searcher Seismic Commences 2D Seismic Acquisition at West Luzon Basin
Wednesday, July 23, 2014 Searcher Seismic commences 2D seismic acquisition at West Luzon Basin, offshore Philippines.
Semco, PV Shipyard Set Up Vung Tau Rig Services to Serve Southeast Asia
Wednesday, July 23, 2014 Semco Maritime and PetroVietnam Marine Shipyard establish Vung Tau Rig Services to repair, refurbish and upgrade rigs in Southeast Asia.
IEV Receives Nod to Progress Work at Pabuaran Block in West Java
Tuesday, July 22, 2014 IEV Holdings receives approval from Pertamina to progress work on the development of the Pabuaran Block in Subang district, West Java, Indonesia.
Swissco's Shareholders Approve Firm's Acquistion of Scott and English
Tuesday, July 22, 2014 Swissco's shareholders approve the company's $225 million acquisition of Scott and English Energy at an extraordinary general meeting.
Technics Wins $14M Gas Compressor, Plant Maintenance Deal in Indonesia
Tuesday, July 22, 2014 Technics Oil and Gas wins a $13.84 million contract for lease and maintenance of gas compressor equipment as well as plant maintenance in Indonesia.
Salamander Inks Deal to Sell 40% Stake in 2 Blocks to Sona Off Thailand
Monday, July 21, 2014 Salamander Energy inks a sale and purchase agreement to dispose of 40 percent stake in B8/38 and G4/50 concessions in the Gulf of Thailand.
Sembawang Shipyard Bags $480M Contract from Saipem for 2 FPSO Conversions
Monday, July 21, 2014 Sembawang Shipyard bags a $480 million contract for the conversion of two floating production,storage and offloading vessels for the Kaombo project offshore Angola.
Swire's New PSV Pacific Legacy Named at Japan's Maizuru Shipyard
Monday, July 21, 2014 Swire Pacific Offshore names newbuild platform supply vessel Pacific Legacy at Maizuru Shipyard in Japan.
Semisub Barge POSH Mogami Sank Off Indonesia's Batam Island, 3 Dead
Monday, July 21, 2014 Three people were killed when POSH Mogami sank off Batam, Indonesia when the semisubmersible barge was undergoing submerging trials Friday.
Sources: Murphy Oil's Malaysia Assets Draw Interest From Mitsubishi, ONGC
Friday, July 18, 2014 Mitsubishi submits a non-binding bid to buy Murphy Oil's Malaysian oil and gas assets valued at about $2.5 billion, a person familiar with the matter tells Reuters.
EOC Orders 2 Accommodation/Maintenance Vessels from China's XSIC for $72M
Friday, July 18, 2014 EOC orders two new accommodation/maintenance vessels from China's Xiamen Shipbuilding Industry Co. for $72 million.
Perisai Expects Drilling Business to Provide 40% of Revenue in 2014
Friday, July 18, 2014 Perisai Petroleum expects its offshore drilling business to provide 40 percent of its revenue this year as the firm's first jackup Perisai Pacific 101 gets ready to commence a contract with Petronas Carigali soon.
Shell Employees on Doomed Malaysian Flight
Friday, July 18, 2014 Shell confirms that some of its employees were among the 298 people killed Thursday when Malaysian Airlines was shot down by a missile over eastern Ukraine.
China Studies Floating Gas Plants for South China Sea
Thursday, July 17, 2014 CNOOC is studying the possibility of building a multi-billion-dollar floating liquefied natural gas (FLNG) vessel, as-yet untried technology that would likely be used to produce gas from the deep waters of the South China Sea.
SBI Offshore Completes $30M EPCC Project in Malaysia
Thursday, July 17, 2014 SBI Offshore completes a $30 million engineering, procurement, construction and commissioning project in Malaysia.
Sinopec's Fuling Verified As China's First Large Shale Gas Play
Thursday, July 17, 2014 The Chinese government has verified shale gas reserves in Sinopec's Fuling field, signalling the official launch of the commercial development of China's first large shale gas field.
Brightoil Eyes Upstream as Long-term Growth Driver after Bohai Buy
Wednesday, July 16, 2014 Brightoil expects its upstream business to be the key long-term growth driver for the group following its acquisition of oil blocks in China's Bohai Bay.
CNPC Finds Oil, Gas Shows in Disputed Waters in South China Sea
Wednesday, July 16, 2014 China National Petroleum Corporation reports oil and gas shows in its recent exploration drilling in the disputed South China Sea.
PT Energi Mega Persada Commences First Gas at Kuat Field in Sumatra
Wednesday, July 16, 2014 PT Energi Mega Persada commences first production at Kuat gas field in the Malacca Strait production sharing contract in Sumatra, Indonesia.
Vard Bags Contract to Design, Build PSV for E.R. Offshore
Wednesday, July 16, 2014 Vard Holdings bags a contract to design and build a platform supply vessel for E.R. Offshore.
Ezion Receives $269M Contracts to Supply 2 Service Rigs
Tuesday, July 15, 2014 Ezion Holdings receives two contracts, worth $269 million, to supply service rigs for operations in Southeast Asia and North Sea in 2016 and 2015, respectively.
Otto Marine Secures $404M in Charter Contracts for OSVs in 1H 2014
Tuesday, July 15, 2014 Otto Marine secures $404 million of charter contracts for its offshore support vessels in the first half of this year.
Sino G&E Reports Positive Gas Flow Rate at Linxing PSC in Ordos Basin
Tuesday, July 15, 2014 Sino Gas & Energy Holdings reports positive gas flow rate at its first horizontal well in the Linxing production sharing contract in China's Ordos Basin.
Viking Offshore & Marine Secures $32M Charter for Land Rig System
Tuesday, July 15, 2014 Viking Offshore & Marine secures a $32 million charter for a land rig system.
Far East Energy Corp.'s Bridge Facility with SCB Extended for 2 Months
Monday, July 14, 2014 Far East Energy Corp., operator of the Shouyang coalbed methane production sharing contract in China's Shanxi province, receives a further extension of the maturity date of an existing bridge facility with Standard Chartered Bank.
MacGregor to Supply Offloading System for Bumi Armada's FPSO Project
Monday, July 14, 2014 MacGregor receives an order from Bumi Armada to supply a Pusnes offloading system for floating production, storage and offloading conversion project.
Thailand Turns Off Tap on Gas Imports as Economy Falters
Monday, July 14, 2014 Thailand is cutting natural gas imports after consumption growth in Asia's fourth-largest user of the fuel has sagged to two-decade lows, threatening to idle costly fuel import facilities and force suppliers to turn to rival buyers such as China.
Malaysia's Sumatec to Buy Borneo Energy for $250M
Friday, July 11, 2014 Malaysia's Sumatec agrees to buy Borneo Energy Oil and Gas for $250 million.
HHI Develops Welding Robot for Constructing Offshore Facilities
Friday, July 11, 2014 Hyundai Heavy Industries develops a new automatic welding process for building offshore facilities.
Halliburton Forms Energy Joint Venture In China
Friday, July 11, 2014 Halliburton is entering its first joint venture in China that will use fracking to unleash energy.
China, US To Cooperate On Strategic Oil Reserves
Friday, July 11, 2014 China and the United States have signed a preliminary agreement to cooperate on SPR, China's NEA says, marking the first such effort between the world's top two oil consumers.
Ezra Achieves Record Revenue of $1B in First 9 Months of FY 2014
Friday, July 11, 2014 Ezra achieves record revenue of $1 billion for the nine months that ended May 31, up 24 percent from the previous year.
First Production Commences at Dua Oil Project Offshore Vietnam
Friday, July 11, 2014 Santos reports first production commences at the Dua oil project offshore Vietnam.
Sonardyne Supplies Acoustic Positioning System to Vietnam's Thien Nam
Friday, July 11, 2014 Sonardyne supplies Ranger 2 YSBL acoustic positioning system to Thien Nam Positioning for use in a pipeline installation project off Vietnam.
Triyards' 9-Month Net Profit Increases 1% to $21.4M
Friday, July 11, 2014 Triyards Holdings posts a net profit of $21.4 million for the 9 months ending May 31, a marginal 1 percent rise from a year ago.
Forum Energy Gets Extension for its SC72 Work Progam Offshore Philippines
Thursday, July 10, 2014 Forum Energy receives a one year extension to complete the work program for the second sub-phase of Service Contract 72 offshore the Philippines.
Ezra to Transfer Offshore Support Services Arm to EOC for $520M
Thursday, July 10, 2014 Ezra Holdings to transfer the firm's offshore support services arm EMAS Marine to its associate company EOC Limited for $520 million.
Technics Bags $5M Contracts for FSO Vapor Recovery Project in Vietnam
Thursday, July 10, 2014 Technics Oil and Gas bags $5 million contracts for a floating storage offloading vapor recovery project in Vietnam.
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