Regional News: East & SE Asia

 
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Boustead, Olio Resources Submit Joint Bids for Malaysian Upstream Projects
Thursday, July 30, 2015 Boustead Holdings and Olio Resources submit jointly bids for two upstream oil and gas projects in Malaysia.

Murphy Updates on Malaysian Ops, Makes Gas Find at Permai Well Off Sabah
Thursday, July 30, 2015 Murphy completes drilling campaign at Belum gas field offshore Sarawak, Malaysia and makes gas discovery at Permai well in deepwater Block H offshore Sabah.

Pryce Gases to Buy Stake in SC55, Maersk Venturer to Spud Hawkeye-1 Soon
Thursday, July 30, 2015 Pryce Gases to acquire a 10 percent stake in Service Contract 55 offshore the Philippines as the Maersk Venturer drillship prepares to drill the Hawkeye-1 well in the block.

Sembcorp Marine's 2Q 2015 Net Profit Falls 17% to $79.6M, Revenue Down 10%
Thursday, July 30, 2015 Sembcorp Marine's second quarter 2015 net profit falls 17 percent to $79.58 million compared to $96.37 million a year ago as low oil prices continue to have an adverse impact.

Malaysia's MHB Posts $14.2M Net Profit in 1H 2015 on Revenue of $341.9M
Wednesday, July 29, 2015 Malaysia's MHB posts net profit of $14.2 million for first half 2015 on a revenue of $341.9 million amid a challenging business environment in the offshore sector.

  


Alam Maritim Clinches Repair, Maintenance Contract from PETRONAS Carigali
Wednesday, July 29, 2015 Alam Maritm clinches a contract from PETRONAS Carigali to provide repair and maintenance work over a two year period.

Husky Says Indonesia's Madura Strait Projects to Start Production in 2017
Wednesday, July 29, 2015 Husky Energy says first production from the Madura Strait gas projects offshore Indonesia is targeted for 2017.

Samsung Heavy Reports Quarterly Operating Loss of $1.3B
Wednesday, July 29, 2015 Samsung Heavy Industries Co., South Korea’s third-largest shipbuilder, reports an operating loss of $1.3 billion in the second quarter, far worse than analysts were expecting.

World's Top 3 Shipbuilders Post Record Loss on Deep-Sea Failures
Wednesday, July 29, 2015 The world's three biggest shipbuilders posted a combined $4.1B in operating losses in the second quarter, paying the price for a failed foray into deep-sea oil rigs.

Cooper Energy Spuds Bunian-4 Well in Sukananti KSO in South Sumatra
Tuesday, July 28, 2015 Cooper Energy spuds Bunian-4 appraisal well in Sukananti KSO, South Sumatra, Indonesia.

Dayang Increases Stake in Malaysia's Perdana Petroleum to 51.21%
Tuesday, July 28, 2015 Dayang Enterprise's proposed takeover of Malaysia's Perdana Petroleum becomes unconditional after gaining more than 50 percent ownership of the latter.

Douglas-Westwood Comments on the Evolution of Subsea EPC
Tuesday, July 28, 2015 Douglas-Westwood comments on the evolution of subsea enginering, procurement and construction sector.

Technip Secures Subsea Tie-in Contract for PETRONAS' PFLNG1 Facility
Tuesday, July 28, 2015 Technip secures an engineering, procurement, construction, installation and commissioning contract from Petronas Carigali for the tie-in of Petronas FLNG1 facility to KAKG-A platform in Kanowit field, offshore East Malaysia.

Report: Green Group Sues ConocoPhillips, CNOOC over China Oil Spill
Monday, July 27, 2015 China Daily reports that a maritime court in Qingdao will hear a landmark case brought against US oil giant ConocoPhillips and China's CNOOC.

Red Emperor Completes Otto Energy Farm-in Agreement
Monday, July 27, 2015 Red Emperor Resources completes its farm-in agreement with Otto Energy Limited, following a formal notification of approval from the Department of Energy of the Republic of the Philippines.

Deep-Sea Plan Fails, Leaving Korean Shipyards Struggling
Monday, July 27, 2015 The deep-ocean strategy is coming back to bite South Korean shipyards.

China Answers Japan Oil Rig Concern With Joint-Development Offer
Friday, July 24, 2015 China repeats a call for talks with Japan over joint development of gas and oil resources in contested waters in the East China Sea.

Keppel O&M's 2Q 2015 Net Profit Falls 36% to $126M, Non-Drilling Focus Now
Friday, July 24, 2015 Keppel Offshore & Marine registers a 36 percent decline in net profit for second quarter 2015 to $126.2 million amid a slump in new rig demand as the firm now focus more on capturing business from the non-drilling market.

Petro-king Secures $24.3M Technical Service Deal from China's Xi'an Katwell
Friday, July 24, 2015 Petro-king secures a $24.3 million technical service contract with China's Xi'an Katwell Energy Technology Co.

COSL to Drill 2 Wells for Primeline in Block 33/07 Offshore China for $20M
Friday, July 24, 2015 Primeline signs letter of intent with China Oilfield Services Ltd. to drill two wells in Block 33/07 in East China Sea for $20 million.

Douglas-Westwood Expects FLNG Market to Grow to $58.3B Over 2015-2021
Thursday, July 23, 2015 Douglas-Westwood expects the global floating liquefied natural gas market to grow to $58.3 billion in the 2015-2021 period despite the current pause in orders.

DNV Launches JIP with South Korean Yards to Reduce Project Cost by 15%
Thursday, July 23, 2015 DNV GL launches joint industry project with South Korean yards to reduce project cost by 15 percent.

China Says Japan's East China Sea Pictures Provoke Confrontation
Thursday, July 23, 2015 Japan's release of pictures of Chinese construction activity in the East China Sea will only provoke confrontation between the two countries and do nothing for efforts to promote dialogue, China's Foreign Ministry says.

Thai PTTEP 2Q Profit Plunges on Forex, Oil Hedging Losses
Thursday, July 23, 2015 PTT Exploration and Production PCL (PTTEP), Thailand's largest oil and gas explorer, says its second quarter net profit slumped 94 percent, dragged by a fall in revenue, and foreign exchange and oil hedging losses.

Singapore's Keppel 2Q Profit Falls 2% as Rig Business Falters
Thursday, July 23, 2015 Singapore's Keppel Corporation sees its 2Q net profit fall two percent due to a weak performance in its offshore and marine unit.

Golar LNG Gets $960M Financing Commitment from CSSC for GoFLNG Hilli
Wednesday, July 22, 2015 Golar LNG receives commitment from CSSC Shipping Co. to finance $960 million of the conversion cost of the GoFLNG Hilli facility now under construction at Singapore's Keppel Shipyard.

ConocoPhillips Halts Shale Gas Talks With CNPC for Sichuan Field
Wednesday, July 22, 2015 ConocoPhillips ends talks with China National Petroleum Corp. on a shale gas development in the country after a two-year study.

CNOOC Flows First Oil from Luda 10-1 Project in Bohai Offshore China
Wednesday, July 22, 2015 CNOOC flows first oil from the Luda 10-1 comprehensive adjustment project in Bohai offshore China.

Former Senior Chinese Energy Executive Stands Trial
Wednesday, July 22, 2015 A former senior executive at China National Petroleum Corporation goes on trial in Hubei province.

Keppel Inks $684M Floating Liquefaction Facility Conversion Deal with Golar
Wednesday, July 22, 2015 Keppel Shipyard inks a $684 million floating liquefaction facility conversion contract with Golar LNG's unit.

Vietnam Arrests Sacked PetroVietnam Chairman, Post Now Filled by CEO
Wednesday, July 22, 2015 The Vietnamese government arrests sacked PetroVietnam's Chairman Nguyen Xuan Son for abuse of power during his stint as CEO of Dai Duong Commercial Bank, a local daily says.

Myanmar Sees Increased Offshore Exploration Work in Late 2015/Early 2016
Tuesday, July 21, 2015 Myanmar expects offshore exploration activities to increase in late 2015 and early 2016 as companies commence work on blocks awarded under Myanmar's Bidding Round - 2013.

Citic Suspends Lofin-2 Well in Seram PSC as a Potential Gas Producer
Tuesday, July 21, 2015 Citic suspends Lofin-2 appraisal well in Seram (Non-Bula) Production Sharing Contract in eastern Indonesia as a potential gas producer.

SINOPACIFIC Bags Contract to Build 9 AHTS Vessels for ADNOC
Monday, July 20, 2015 China's SINOPACIFIC bags contract to build nine anchor handling tug supply vessels for delivery to ADNOC in 2017.

Otto-led Consortium Prepares to Drill South China Sea Well
Monday, July 20, 2015 An Australian-Filipino concortium led by Otto Energy is about to drill a deepwater exploration well offshore the Philippines in the South China Sea.

Asia Yards Look to Liftboat Orders for Lifeline Through Drilling Downturn
Monday, July 20, 2015 Asia shipyards are filling the void in drilling orders by turning to the construction of liftboats.

Vallianz Inks $458M Contracts to Extend OSV Charters for ME Customer
Monday, July 20, 2015 Singapore's Vallianz inks contracts, worth $458 million, to extend charters for 19 offshore support vessels with an existing customer in the Middle East.

Petro Matad Appoints New Chairperson and CEO
Friday, July 17, 2015 Petro Matad appoints Enkhmaa Davaanyam as a non-executive, non-independent chairperson and Ridvan Karpuz as the CEO of the company.

Asian CBM Firms Proceed with Developments, Unfazed by Low Oil Prices
Friday, July 17, 2015 Some independent coalbed methane firms in Asia are proceeding with their development projects despite headwinds caused by lower oil prices.

Cosco Issues Profit Guidance for 2Q 2015, Blames Low Oil Prices
Thursday, July 16, 2015 Cosco issues profit guidance for second quarter 2015 financial results, citing low oil prices and its adverse impact on the global offshore marine industry as a factor.

Mitsubishi, NYK Buy 45% Stake in FPSO Turritella Project from SBM for $590M
Thursday, July 16, 2015 SBM Offshore divests 45 percent stake in FPSO Turritella project to two Japanese companies for $590 million.

Triple Energy Updates on Drilling at Niaoshan-1 Well in Heilongjiang
Thursday, July 16, 2015 Triple Energy updates on drilling at Niaoshan-1 well in China's Heilongjiang province.

Maersk Drilling Decommissions Jackup Maersk Endurer
Wednesday, July 15, 2015 Maersk Drilling decommissions Maersk Endurer, with the jackup to be recycled at Zhoushan Changhong International Ship Recycling facility in China.

NauticAWT Launches IPO in Singapore to Raise $2M for Business Expansion
Wednesday, July 15, 2015 NauticAWT, a junior oil and gas engineering solutions provider, launches an initial public offer to raise $2 million on the Singapore stock exchange to grow its business.

Malaysia's Icon Offshore Secures $14M Charters for 2 AHTS Vessels
Wednesday, July 15, 2015 Malaysia's Icon Offshore secures $14.47 million contracts to provide two anchor handling tug supply vessels to an oil major.

PVEP Song Hong Secures PV Drilling II for Work in Vietnam's Block 103-107
Wednesday, July 15, 2015 PV Drilling signs contract to provide jackup PV Drilling II to PVEP Song Hong to drill in Block 103-107 in the Song Hong Basin, offshore Vietnam.

Sembcorp Marine Inks $1B Deal to Build World's Largest Semisub Crane Vessel
Wednesday, July 15, 2015 Sembcorp Marine inks $1 billion engineering and construction contract to build the world's largest semisubmersible crane vessel for Heerema.

Keppel FELS Secures $85M Contract to Build Liftboat for Crystal Heights
Tuesday, July 14, 2015 Keppel FELS secures $85 million contract from Crystal Heights to build a high specification liftboat.

Partners Nearer to Further Development of Galoc Oil Field Offshore Palawan
Tuesday, July 14, 2015 Nido Petroleum says an independent resource assessment of the mid-Galoc area offshore Palawan in the Philippines is a step forward to further develop the Galoc oil field.

Thai Star Petroleum to Raise Up To $735M from IPO in 4Q
Tuesday, July 14, 2015 Star Petroleum could raises up to $735 million in an initial public offering that will mark the exit from the business of Thailand's PTT.

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