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Regional News: East & SE Asia

 
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Santos Acquires 25% Stake in Sabah's Deepwater Block S from Inpex
Monday, September 01, 2014 Inpex agrees to transfer 25 percent interest in deepwater Block S offshore Sabah, Malaysia to Santos.

Jasper Fails to Take Delivery of Jasper Cosmopolitan from Yulian Shipyard
Monday, September 01, 2014 Jasper Investments fails to raise sufficient funds to take delivery of Jasper Cosmopolitan accommodation semisub from China's Yulian Shipyard.

Blue Water Energy, Blackstone and GIC Invest $500M in Siccar Point Energy
Monday, September 01, 2014 Blue Water Energy, Blackstone Energy Partners and Singapore's sovereign fund GIC invest $500 million in new North Sea-focused exploration and production company Siccar Point Energy.

Samsung Heavy Industries to Merge with Samsung Engineering
Monday, September 01, 2014 Samsung Heavy Industries will merge with Samsung Engineering Co. to establish a total solution provider for shipbuilding and onshore and offshore services.

SapuraKencana Discovers Gas at Bakong-1 Well in SK408 Offshore Sarawak
Monday, September 01, 2014 SapuraKencana Energy discovers gas at Bakong-1 well in SK408 production sharing contract offshore Sarawak, Malaysia.

  



Sino G&E Secures $50M Debt Facility for its Ordos Basin Gas Projects
Monday, September 01, 2014 Sino Gas & Energy secures $50 million debt facility from Macquarie Bank to fund its Ordos Basin gas projects in China's Shanxi province.

CNOOC Posts 6.8% Rise in Net Production in 1H 2014 to 211.6 MMboe
Friday, August 29, 2014 CNOOC posts a 6.8% increase in net production to 211.6 million barrels of oil equivalent in the first half of this year, compared to 198.1 MMboe a year ago.

Drilling Furiously: Chinese Energy Giants Turn Upbeat On Shale Gas
Friday, August 29, 2014 Sinopec and PetroChina have upgraded their outlook on China's shale gas industry, citing steadily declining costs, but stopped short of predicting a near-term boom.

Loyz Posts Higher Net Attributable Profit in 4Q FY 2014
Thursday, August 28, 2014 Loyz Energy posts a net attributable profit of $0.64 million for the June quarter, boosted by crude oil sales from its newly acquired concessions in Thailand.

EOC Owns Lewek Antares After Acquiring 50% Stake from KMPL for $18.3M
Thursday, August 28, 2014 EOC takes full control of Lewek Antares Shipping after acquiring 50 percent share in the firm from Konquest Marine for $18.3 million.

PetroChina 2Q Profit Rises 15%, Matches Estimates
Thursday, August 28, 2014 PetroChina posts a 15% increase in 2Q profit, partly due to higher upstream earnings and improved refining margins.

Kemp: Joint Petroleum Development In The South China Sea
Thursday, August 28, 2014 Shared development of oil, gas and possibly other natural resources is the most promising option for reducing tensions in the South China Sea.

Nido Updates on Reserves, Activities at Galoc Oil Field Off the Philippines
Wednesday, August 27, 2014 Nido Petroleum updates on reserves and activities at Galoc oil field in Service Contract 14 C1 offshore the Philippines.

Malaysia's Bumi Armada to Raise $633.8M with Rights Shares
Wednesday, August 27, 2014 Malaysian oil field services company Bumi Armada will raise $633.87 million by selling rights shares.

SBI Offshore Negotiates with ME-Chinese Consortium to Build 5 Jackups
Wednesday, August 27, 2014 SBI Offshore negotiates with a Middle East-Chinese consortium to build five jackups, possibly in a shipyard in China or Singapore.

First Oil Flows at CNOOC's Wenchang 13-6 Field in South China Sea
Tuesday, August 26, 2014 First production commences at CNOOC's Wenchang 13-6 oil field in the Western South China Sea.

Kemp: East And South China Sea Disputes Need Creative Diplomacy
Tuesday, August 26, 2014 China and the United States appear headed for a damaging confrontation over the extent of China's territorial claims in the South and East China Seas.

KrisEnergy Completes Drilling at Mancharee-1 Well in Gulf of Thailand
Tuesday, August 26, 2014 KrisEnergy completes drilling at Mancharee-1 exploration well in Block G10/48 in the Gulf of Thailand, but did not find any significant pay zones.

Hallin Completes Replacement of Mooring Lines for FPSO HYSY111 in China
Tuesday, August 26, 2014 Hallin Marine completes replacement of mooring lines beneath the floating production, storage and offloading vessel HYSY111 in China.

Shell Makes Gas Find at Marjoram-1 Well in Block SK318 Offshore Sarawak
Tuesday, August 26, 2014 Shell makes a gas discovery at Marjoram-1 exploration well in deepwater Block SK318, offshore Sarawak, Malaysia.

Otto Marine Seeks to Raise Profile, Competitiveness of Subsea Services Unit
Monday, August 25, 2014 Otto Marine aims to develop the international profile and competitive position of its subsea services unit.

SKKMigas Extends Triangle's Appointment as Aceh's Pase Block Operator
Monday, August 25, 2014 Indonesian upstream petroleum regulator SKKMigas extends Triangle Energy's appointment as operator of the Pase Block in Aceh, north Sumatra by six months.

Keppel's Unit Disposes of 35% Stake in PetroVietnam Drilling Overseas Co.
Monday, August 25, 2014 Keppel Corporation's subsidiary Joy Pride Investments disposes of its 35% stake in PV Drilling Overseas Company.

Sinopec Expects China Shale Drilling Costs To Drop From $80M To $50M A Well
Monday, August 25, 2014 Sinopec expects shale drilling costs in China to drop to $50 million per well from $80 million in three to five years.

Songa Offshore Sees Improved Norway Rig Market From 2H 2015
Monday, August 25, 2014 Songa Offshore says it expected the Norwegian rig market to improve beginning in the second half of 2015 due to lower supply as it posted an unexpected quarterly net loss.

Remote, Gas-Rich Islands On Indonesia's South China Sea Frontline
Monday, August 25, 2014 The word "sleepy" could have been invented for Ranai, the largest town in Indonesia's remote and sparsely populated Natuna archipelago.

AziPac to Acquire 25% Stake in Block 127 in Vietnam's Phu Khanh Basin
Friday, August 22, 2014 AziPac agrees to acquire 25 percent interest in Block 127 production sharing contract in the Phu Khanh Basin, offshore Vietnam from Mitra Energy.

Keppel FELS Delivers Newbuild Jackup 'Dukhan' to Qatar's GDI
Friday, August 22, 2014 Keppel FELS delivers jackup "Dukhan" to Qatar's Gulf Drilling International, with the newbuild contracted for work with Qatar Petroleum.

Qinterra Lands $20M Deal to Support Petronas Carigali's Malaysia Operations
Friday, August 22, 2014 Qinterra Technologies lands a contract, worth up to $20 million, to support Petronas Carigali's operations in Malaysia.

Sinopec Q2 Earnings Rise 36%, Beat Forecast
Friday, August 22, 2014 Sinopec Corp. posts a 36% rise in second-quarter profit.

Sources: Sinopec Planning $1.5B Hong Kong IPO of Oilfield Services Unit
Friday, August 22, 2014 Sinopec is planning a $1.5 billion Hong Kong initial public offering for its oilfield services unit in the first half of 2015, people familiar with the matter said.

Kemp: Could Shale Revive China's Flagging Oil Fields?
Friday, August 22, 2014 The need to find and develop more oil reserves is again urgent for China, and hunting for more oil around the Daqing oil fields is one of its most promising options.

Galoc JV to Decide on Drilling in Phillipines' SC14C in End 2014/Early 2015
Thursday, August 21, 2014 Otto Energy says the Galoc joint venture in SC14C offshore the Philippines will make a decision on further drilling activities in late 2014 or early 2015.

Lundin to Drill Gobi-1 Well in Gurita PSC in West Natuna in Late September
Thursday, August 21, 2014 Nido Petroleum reveals that the Gobi-1 well in Gurita production sharing contract in Indonesia's West Natuna Basin is expected to spud in late September.

MacGregor to Supply Subsea Cranes to China's Fujian Mawei Shipbuilding
Thursday, August 21, 2014 MacGregor secures contract to supply two subsea cranes to China's Fujian Mawei Shipbuilding.

Idemitsu Makes Gas, Condensate Find at Blocks 05-1b & 05-1c Off Vietnam
Thursday, August 21, 2014 Inpex reports that Idemitsu, the operator of Blocks 05-1b and 05-1c offshore southern Vietnam, made a gas and condensate discovery.

Basis Point: Petrovietnam Seeking $1.8B Loan for Murphy Oil Malaysia Stake
Thursday, August 21, 2014 Petrovietnam is in talks with banks for a seven-year loan of up to $1.8 billion to back its bid to buy a stake in Murphy Oil's Malaysian oil and gas assets, Thomson Reuters publication Basis Point reports, citing sources.

Ezra's Shareholders Approve Consolidation of EMAS Marine into EOC
Wednesday, August 20, 2014 Ezra's shareholders approve consolidation of EMAS Marine into associate company EOC and Singapore listing.

Bumi Armada Bags $1.18B FPSO Deal for Madura BD Field Offshore Indonesia
Wednesday, August 20, 2014 Bumi Armada bags $1.18 billion contract from Husky-CNOOC Madura Limited to supply a floating production, storage and offloading vessel for the Madura BD field offshore Madura Island, Indonesia.

Wild Well Expands Company Service Offerings, Presence in Asia Pacific
Wednesday, August 20, 2014 Wild Well expands its service offerings and presence in Asia Pacific with the addition of staff at its regional office in Malaysia.

XPD8 Secures $3.73M Contracts for Work in Malaysia, North Sea
Wednesday, August 20, 2014 XPD8 Solutions secures two contracts, worth $3.73 million, for work in the North Sea and Malaysia.

Honghua Offshore Inks $320M LOA to Construct Semisub for Orion
Tuesday, August 19, 2014 Honghua Offshore inks letter of award, worth $320 million, with Orion to construct a semisubmersible rig.

Interra Completes CHK 1191 Well in Myanmar's Chauk Field as Oil Producer
Tuesday, August 19, 2014 Interra Resources completes development well CHK 1191 in Myanmar's Chauk field as an oil producer.

Nam Cheong Receives Orders for 4 Offshore Support Vessels for $90M
Tuesday, August 19, 2014 Nam Cheong sells four vessels, comprising a platform supply vessel, an accommodation work barge and two anchor handling towing supply vessels, for $90 million.

Suksan Salamader FSO Receives First Oil at Bualuang Field OffshoreThailand
Tuesday, August 19, 2014 Salamander Energy receives the newly converted Suksan Salamander floating storage and offtake vessel has received first oil at the Bualuang field in the Gulf of Thailand.

SBI Offshore Bags $24M Design, Engineering Services Deal for a Jackup
Tuesday, August 19, 2014 SBI Offshore bags a $24 million deal with a Middle East-Chinese consortium to provide design and engineering services for a jackup.

Mermaid Maritime Rebrands Subsea Buiness Units, Reorganizes Business
Tuesday, August 19, 2014 Thailand-based Mermaid Maritime rebrands subsea business units and reorganizes the firm's subsea business.

MPM-Nam Cheong JV Secures $27M Contract to Supply Accommodation Work Vessel
Tuesday, August 19, 2014 The Marco Polo Marine-Nam Cheong joint venture secures a $27 million five-year contract to provide an accommodation work vessel, which will be built by Nam Cheong.

Pertamina CEO to Resign in Oct for Personal Reasons
Monday, August 18, 2014 Pertamina CEO Karen Agustiawan will resign in October for person reasons.

Aquino Says Chinese Survey Ships Seen In Philippine Waters
Monday, August 18, 2014 Philippine President Benigno Aquino says two Chinese survey vessels have been sighted in a gas-rich area of its exclusive economic zone.

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