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Regional News: East & SE Asia

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Alam Maritim Bags Marine Vessels Contract from Petronas Carigali
Friday, March 06, 2015 Alam Maritim receives a two year contract from Petronas Carigali to provide spot charter marine vessels in Malaysia.

Indonesia Considers Turning SKK Migas into State-Owned Enterprise
Friday, March 06, 2015 Indonesia considers turning the country's upstream oil and gas regulator SKK Migas into a state-owned enterprise.

Interra Spuds CHK 1197 Development Well in Myanmar’s Chauk Oil Field
Friday, March 06, 2015 Interra Resources commences drilling at CHK 1197 development well in Myanmar's Chauk oil field.

Honeywell Bags Project Management, Engineering Deal for Te Giac Trang Field
Friday, March 06, 2015 Honeywell bags a project management and engineering contract from Hoang Long Joint Operating Co. for the TGT-H5 wellhead platform in the Te Giac Trang field offshore Vietnam.

Philippines' First Gen Seeks Partner for $1B LNG Import Terminal
Friday, March 06, 2015 The Philippines' First Gen Corp is talking with potential partners for its proposed $1 billion LNG import terminal, the head of the energy firm says.


Thailand's PTT says Myanmar Gas Fields to Shut for Maintenance in April
Thursday, March 05, 2015 Thailand's PTT says three fields in Myanmar will be shut down for maintenance in April.

Ferguson Partners OPS-OES to Tap Business in Thailand's Oil, Gas Sector
Wednesday, March 04, 2015 Ferguson Group appoints OPS Oilfield Equipment and Services as its business partner in Thailand.

Indonesia Expects 60% Increase in Gas Demand Over Next 5 Years
Wednesday, March 04, 2015 Indonesia will need an additional 1,300 million standard cubic feet per day of gas supplies within 5 years, to meet forecast demand, an energy ministry official says.

McDermott Bags Subsea Fabrication Contract for Indonesia's Jangkrik Project
Wednesday, March 04, 2015 McDermott lands subsea fabrication contract from FMC Technologies for the Eni-operated Jangkrik fields located off Kalimantan, Indonesia.

EWC Expects Sengkang LNG Project in Sulawesi to Start-up Later This Year
Tuesday, March 03, 2015 Energy World Corp. expects the Sengkang liquefied natural gas project in South Sulawesi, Indonesia to commence operations before the end of 2015.

Emas Offshore Extends Charters with Perisai's Subsidiary for 3 OSVs
Tuesday, March 03, 2015 Perisai Petroleum's subsidiary secures a two year extension to the bareboat charters from Emas Offshore for three of its offshore support vessels.

Pan Orient Energy Abandons Thailand's L53-ANC1 Well as Dry Hole
Tuesday, March 03, 2015 Pan Orient Energy plugs and abandons the onshore L53-ANC1 prospect in Concession L53 in Thailand after disappointing drilling results.

Forum Energy to Stop Exploration Work at SC 72 Due to Philippine-China Spat
Tuesday, March 03, 2015 The Philippine Department of Energy orders Forum Energy to suspend exploration work at Service Contract 72 as the acreage falls within the area of a territorial dispute between the Philippines and China.

Otto Pares Stake in Philippines' SC55, Secures Drillship for Hawkeye-1 Well
Monday, March 02, 2015 Otto Energy farms out a 15 percent stake in Service Contract 55 off the Philippines to Red Emperor Resources and signs a letter of intent for Maersk Venturer to drill the Hawkeye-1 exploration well in the block.

RH Petrogas to Drill 40-100 Wells in China's Fuyu 1 Block in 2015
Monday, March 02, 2015 RH Petrogas plans to drill 40 to 100 shallow development wells in Fuyu 1 Block in the Songliao Basin in China's Jilin province this year.

Indonesia to Host Indo Drilling Conference & Exhibition 2015 in March
Monday, March 02, 2015 PT Lintas Market announces that Indo Drilling oil and gas conference and exhibition 2015 will be held in Jakarta, Indonesia on March 19-20.

China Merges Two-Tier Gas Pricing, Introduces More Market Elements
Monday, March 02, 2015 China will end two-tier gas pricing, cutting wholesale natural gas prices for non-residential to track an oil market slump, and will introduce more market-oriented elements in future pricing of the cleaner burning fuel.

Lion Energy to Conduct 2 Unconventional Joint Studies in Sumatran Basin
Monday, March 02, 2015 Lion Energy receives approval from the authorities to conduct unconventional joint studies for two acreages in Sumatra, Indonesia.

Keppel FELS on Track to Deliver its 100th Newbuild Jackup to PV Drilling
Monday, March 02, 2015 Keppel FELS is on track to deliver its 100th newbuild jackup PV Drilling VI to Vietnam's PV Drilling.

Indonesia Says Fate of Total's Mahakam Gas Block in Pertamina's Hands
Friday, February 27, 2015 Indonesia will hand full control over the Mahakam gas block in East Kalimantan province to Pertamina once its current operator's contract, held by Total SA, expires in 2017, an energy ministry official says.

HHI's HLV HD-10000 Joins Fleet, Cost Savings of $22M a Year Seen
Friday, February 27, 2015 Hyundai Heavy Industries' heavy lift vessel Hyundai-10000 (HD-10000) will join its fleet in March, with the newbuild likely to provide cost savings of $21.9 million annually for the firm.

MOSB to Set Up Supply Base in Mawlamyine to Serve Myanmar's Oil, Gas Sector
Friday, February 27, 2015 Myanmar Offshore Supply Base is setting up a marine supply base in Mawlamyine in Mon state to support Myanmar's oil and gas industry.

Malaysia's Petronas Posts $2B Quarterly Loss, Cuts Spending On Oil Slump
Friday, February 27, 2015 Petronas reports a $2B quarterly loss and says it plans a cut in spending over the next two years due to the slump in global oil prices.

Russell: PetroChina, Sinopec Merger Makes Little Sense
Friday, February 27, 2015 The market chatter over forming a giant Chinese oil major through merging PetroChina and Sinopec has ramped up again recently, but the motivations for such a deal struggle to stand up to scrutiny.

Pacific Radiance Posts 20% Rise in 2014 Net Attributable Profit to $68.3M
Thursday, February 26, 2015 Pacific Radiance records a 20 percent gain in net attributable profit to $68.3 million, boosted mainly by its offshore support services unit.

Icon Offshore Gets Petronas Carigali's LOA to Provide OSVs on Spot Charters
Thursday, February 26, 2015 Icon Offshore receives a letter of award from Petronas Carigali for the provision of offshore support vessels in Malaysia on a spot basis.

Bumi Armada's 2014 Net Profit Dips 49.3% to $60.6M as OSV, T&I Underperform
Thursday, February 26, 2015 Bumi Armada's 2014 net profit fell by half from a year ago to $60.6 million due to lower contributions from its offshore support vessel as well as transport and installation businesses.

Manila Electric in Talks with Osaka Gas for $2B Natural Gas Project
Thursday, February 26, 2015 The Philippines' biggest power utility, Manila Electric Company, is in talks with Osaka Gas to build natural gas facilities worth about $2 billion, aiming to tie up long-term electricity supply, its chairman says.

Alam Maritim to Supply Accommodation Work Barge for Tapis EOR Project
Wednesday, February 25, 2015 Alam Maritim lands deal to provide an accommodation work barge to ExxonMobil for the Tapis enhanced oil recovery project off Peninsula Malaysia.

Vallianz Posts Net Record Profit of $20.4M in 2014, Lifted by OSV Segment
Wednesday, February 25, 2015 Vallianz Holdings' net profit rises to a record $20.4 million in 2014, almost twice the $10.3 million from a year ago, with the gains due mainly to contributions from its offshore support vessel chartering operations in the Middle East.

Some Asian Drilling Firms Plan to Carve Niches in Current Downturn
Wednesday, February 25, 2015 While the fortunes of petroleum companies tumble in line with lower oil prices, some Asian drilling contractors hope to carve niches in this adverse business climate.

Searcher Grants BGP Exclusive Right to Market its Seismic Data in China
Tuesday, February 24, 2015 Searcher grants BGP exclusive right to market its multi-client seismic library in China.

Thai Bangchak Petroleum to Invest over $600M in 2015-2016
Tuesday, February 24, 2015 Bangchak will invest $610 million, mainly on exploration and production, in 2015 and 2016 as part of a plan to spend $2.76 billion in the next six years to boost its business, the Thai oil refiner says.

Coastal Contracts Lands $54M Contracts to Build OSVs for Mexican Customers
Tuesday, February 24, 2015 Coastal Contracts secures orders to build two offshore support vessels for customers in Mexico for $54.2 million.

Thailand Puts Bidding For Oil, Gas Concessions On Hold
Tuesday, February 24, 2015 Thailand's military government will delay bidding for new oil and gas concessions indefinitely, pending an amendment to a petroleum law, Prime Minister Prayuth Chan-ocha says.

Thailand's PTT Posts Record Quarterly Loss in 4Q on Weak Oil Prices
Friday, February 20, 2015 Thailand's PTT reports its worst-ever quarterly loss as it is it by plunging oil prices.

Carnarvon Seals Divestment of Thai Oil Production Assets to Berlanga
Wednesday, February 18, 2015 Carnarvon Petroleum completes divestment of its remaining 20 percent interest in three oil production concessions in Thailand to Berlanga.

Petra Energy's Unit Secures Contract from Petronas Carigali in Malaysia
Wednesday, February 18, 2015 Petra Energy's subsidiary secures an umbrella contract to provide marine vessels to Petronas Carigali for the latter's operations off Malaysia.

Woodside Sees Slim Hope for East Timor LNG This Decade
Wednesday, February 18, 2015 Woodside expresses doubts its Greater Sunrise gas prospect could go ahead this decade, leaving it off a list of growth projects out to 2019 and beyond in its annual results presentation in a bad sign for impoverished East Timor.

Otto Energy Completes Sale of Galoc Production Co. Stake to Nido for $106M
Tuesday, February 17, 2015 Otto Energy completes sale of its interest in Galoc Production Co. to Nido Petroleum for around $106 million.

Cosco's Net Profit Falls to $21.07M in 2014, Down 50% YOY
Tuesday, February 17, 2015 Cosco reported a 50 percent decline in net profit for 2014 to $21.07 million, compared to $42.22 million in 2013.

IEA's Birol Says Middle East Militancy Poses 'Major Challenge' For Oil
Tuesday, February 17, 2015 The rise of the Islamic State (IS) in Iraq and Syria presents a major challenge for the investment necessary to prevent an oil shortage in the next decade, the IEA's top economist says.

Eni's Goliat FPSO Leaves HHI's Ulsan Yard in South Korea for the North Sea
Monday, February 16, 2015 Eni's Goliat FPSO, the world's cylindrical floating production storage and offloading facility, leaves South Korea's Ulsan yard for the North Sea.

Keppel FELS Holds Naming Ceremony for Newbuild Jackup Maersk Integrator
Monday, February 16, 2015 Keppel FELS holds naming ceremony for Maersk Integrator, with the newbuild jackup chartered to Statoil for development drilling in Gina Krog field offshore Norway.

RH Petrogas Gets Clearance to Develop North Klalin Field in West Papua
Monday, February 16, 2015 SKK Migas approves RH Petrogas' plan to develop the North Klalin gas and condensate field in Kepala Burung Production Sharing Contract in West Papua, Indonesia.

Sembcorp Marine Posts 2014 Net Profit of $412M, Revenue Rises 6% to $4.2B
Monday, February 16, 2015 Sembcorp Marine posts a net profit of $412.2 million in 2014, up slightly from a year ago, while revenue rose 6 percent to $4.2 billion.

Government Approves Change in Equity Stakes in Blocks 105, 120 Off Vietnam
Monday, February 16, 2015 The Vietnamese government has endorsed changes to the equity stakes held in Blocks 105 and 120 off Vietnam after Neon Energy's withdrawal from the permits.

Southeast Asian NOCs Adapt to Lower Oil Prices
Thursday, February 12, 2015 Southeast Asian national oil companies are dealing with uncertainties caused by the current slump in oil prices, with several re-prioritizing their objectives despite rising energy demand.

Boskalis Takes Delivery of White Marlin Semisub Heavy Transport Vessel
Thursday, February 12, 2015 Boskalis takes delivery of the White Marlin semisub heavy transport vessel from a yard in Guangzhou, China.

Cooper Energy Continues to Drill Bunian-3 Oil Development Well in Sumatra
Thursday, February 12, 2015 Cooper Energy continues to drill the Bunian-3 oil development well in the Sukananti KSO, South Sumatra, Indonesia.

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