Regional News: East & SE Asia

 
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China To Tender More Xinjiang Oil, Gas Blocks To Non-State Firms
Monday, January 23, 2017 China will auction about 30 oil and gas blocks in the northwestern region of Xinjiang this year to investors outside the top state energy firms, state media reported.

Petronas: LNG Train 9 in Sarawak Moves to Commercial Operations Phase
Monday, January 23, 2017 Petronas announced Monday that its LNG Train 9 in Bintulu, Sarawak, has moved to the commercial operations phase as of Jan. 1.

SOFF Secures Services Contract for Jangkrik Project in Indonesia
Friday, January 20, 2017 Solstad Offshore ASA (SOFF) has entered into a contract with PT. Saipem Indonesia for offshore installation work on the Jangkrik FPU.

Lion: AMT-1 Well Abandoned After Stuck Drill Pipe Incident
Friday, January 20, 2017 Lion Energy Limited reports that the Indonesian Amanah Timur discovery well (AMT-1) has been plugged and abandoned following unsuccessful attempts to free a stuck drill pipe.

China Crude Oil Throughput Hits Daily Record In December And 2016
Friday, January 20, 2017 China's December refinery production touched new highs as facilities replenished stocks ahead of a long holiday break, lifting crude oil throughout for the year as a whole by 2.8% to another record.

  


Indonesia Overhauls System For Future Oil, Gas Contracts
Thursday, January 19, 2017 Indonesia has adopted a new scheme for future oil and gas production sharing deals so that contractors shoulder the cost of exploration and production, rather than being reimbursed by the government.

CNOOC to Drill 126 Exploration Wells in 2017
Thursday, January 19, 2017 CNOOC Limited will drill 126 exploration wells and acquire approximately 5,000 square miles of 3D seismic data in 2017, according to its latest business strategy and development plan.

Malaysian Drilling Services Firm UMW-OG To Buy Icon Offshore
Thursday, January 19, 2017 Malaysian offshore drilling services company UMW Oil & Gas Corp Bhd (UMW-OG) says it will buy offshore support vessel provider Icon Offshore Berhad after agreeing to a share sale with its major shareholder.

CNOOC Commences Production from Enping 23-1, South China Sea
Wednesday, January 18, 2017 China's CNOOC Limited has commenced production from the Enping 23-1 oilfields, located in the Pearl River Mouth Basin of the South China Sea.

China's Inescapable Oil Slide Is a Record-Breaking OPEC Gift
Tuesday, January 17, 2017 OPEC's campaign to prop up oil prices is getting unlikely support from its biggest customer.

China's Crude Oil Output Will Fall 7% By 2020
Tuesday, January 17, 2017 China's crude oil output is expected to drop by 7% by 2020 compared with the previous 5-year plan as output from some of the nation's largest, but oldest, wells falls.

Petrovietnam, Exxon Mobil Sign Deal On Gas Generation
Friday, January 13, 2017 PetroVietnam signs an agreement with the Vietnamese unit of U.S. Exxon Mobil Corp to develop the country's biggest gas project for power generation.

CNOOC Starts Penglai 19-9 Output
Friday, January 13, 2017 CNOOC Limited reveals that Penglai 19-9 comprehensive adjustment project, located in the Bohai Sea, has commenced production.

China's CNPC Forecasts Record Oil Demand, Warns On Product Glut
Thursday, January 12, 2017 China's crude oil demand will grow by 3.4% this year to a record of almost 12 million barrels per day as refiners in the world's second-biggest oil user ramp up output.

India's Petronet LNG Sees Kochi Terminal At 40% Capacity By 2019
Wednesday, January 11, 2017 India's biggest gas importer Petronet LNG expects its 250 mile pipeline connecting the Kochi LNG terminal in the south to industries further north to be ready in 2 years.

Proserv, SapuraKencana Technology Team-Up for APAC Services
Wednesday, January 11, 2017 Proserv and SapuraKencana Technology Sdn Bhd are joining forces to provide enhanced technology services to clients in Asia Pacific.

China's CEFC Agrees With Kazakh State Oil Unit On Stake Transfer
Monday, January 09, 2017 Private group CEFC China Energy has signed a new deal with a unit of Kazakhstan's state oil and gas company owning assets mainly in Europe to go ahead with a stake transfer that was agreed a year earlier.

JERA Imports Japan's First Liquefied Shale Gas Cargo From U.S.
Friday, January 06, 2017 Japan's JERA Co imports the country's first liquefied shale gas cargo from the United States as part of efforts to diversify its supply.

China Extends Tax Waivers For Oil, Gas Drilling Equipment
Friday, January 06, 2017 China removes a tariff imposed on drilling equipment used in 20 oil and natural gas prospecting fields in western China in a move to boost oil production.

China's Top Oilfield to Cut CAPEX by 20% in 2017
Thursday, December 29, 2016 China's largest oilfield, Daqing, will slash capital spending in 2017 by 20% compared to the previous year.

Trident Energy Looks To Invest In Southeast Asia Oil And Gas Assets
Wednesday, December 28, 2016 Trident Energy will scour for oil and gas assets in Southeast Asia, with a focus on mid-life producing assets that can be redeveloped to create value, a senior executive told Reuters.

ExxonMobil: New Gas Discovery at Papua New Guinea Well
Wednesday, December 28, 2016 Exxon Mobil Corporation announced Wednesday a new natural gas discovery in the Papua New Guinea North Highlands, 13 miles northwest of the Hides Gas Field.