Regional News: East & SE Asia

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Malaysia's Petronas Posts 39% Drop in 1Q Profit on Global Oil Slump
Friday, May 22, 2015 Malaysia's Petronas reports a 39-percent drop in quarterly net profit due to lower oil prices.

First Production Flows at Bukit Tua Field in Ketapang Block Off East Java
Friday, May 22, 2015 PETRONAS commences production at Bukit Tua field in the Ketapang Block offshore East Java, Indonesia.

Thai PTTEP Cuts 2015 Sales Target, Investment Due to Weak Demand
Thursday, May 21, 2015 PTTEP cuts its 2015 petroleum sales growth target to 3 percent from 6 percent, mainly due to weak demand and slower-than-expected economic growth.

NuEnergy Gas Acquires Dart Indonesia's CBM Assets in Sumatra, Kalimantan
Thursday, May 21, 2015 NuEnergy Gas agrees to acquire Dart Indonesia, giving it access to the latter's coal bed methane production sharing contracts in Indonesia.

COSL Completes Deepwater In-Situ Cone Penetration Test in South China Sea
Wednesday, May 20, 2015 China Oilfield Services Ltd. completes deepwater in-situ cone penetration test in South China Sea.


CNOOC Appoints Yang Hua as Chairman, Succeeds Wang Yilin
Wednesday, May 20, 2015 CNOOC appoints Yang Hua as chairman of the Chinese company's board of directors, succeeding Wang Yilin.

Pertamina Can Opt for Up to 15% Stake in Expiring PSCs in Indonesia
Wednesday, May 20, 2015 Pertamina can opt to acquire up to 15 percent stake in expiring production sharing contracts in Indonesia under new regulation, a local daily says.

Ramba Secures More Funds for West Jambi Exploration Program in Sumatra
Tuesday, May 19, 2015 Ramba Energy secures more funds for exploration program at West Jambi block in Sumatra, Indonesia.

Cooper Energy Raises Sumatra's Bunian Oil Field Reserves Assessment
Tuesday, May 19, 2015 Cooper Energy raises reserves assessment of the Bunian oil field in Sukananti KSO in South Sumatra, Indonesia.

Russell: Shell-BG Deal May Be End Point Rather Than Harbinger
Tuesday, May 19, 2015 There is a widespread assumption that weak commodity prices are likely to spark a wave of merger and acquisition activity as stronger companies seek to buy assets on the cheap.

CITIC to Proceed with Oseil Field Development in Seram (Non-Bula) PSC
Monday, May 18, 2015 CITIC Seram Energy says Phase 3 of the Oseil field development in Seram (Non-Bula) Production Sharing Contract in eastern Indonesia has been approved by the Indonesian government.

Asian Lift Names Newbuild Sheerlegs Asian Hercules III at Nantong Yard
Monday, May 18, 2015 Asian Lift names its newbuild sheerlegs Asian Hercules III at Keppel Offshore & Marine's yard in Nantong, China.

Indonesia Extends Exploration Period for Sumatra's South Block A PSC
Monday, May 18, 2015 Indonesia's Ministry of Energy and Mineral Resources grants a 19 month extension to the exploration period of the South Block A Production Sharing Contract in North Sumatra, Indonesia.

ConocoPhillips Says to Maintain Capex for Next 3 Years
Monday, May 18, 2015 ConocoPhillips expects to maintain capital expenditure for the next three years, after reducing it earlier this year due to the oil price drop, Chief Executive Ryan Lance told Reuters.

Deepsea Metro I Secures $40M Job from Vietgazprom to Drill Offshore Vietnam
Monday, May 18, 2015 Vietgazprom signs $40 million contract for Deepsea Metro I drillship to operate in Blocks 130 and 131 offshore Vietnam.

Dayang Ups Stake in Perdana, Aims to be a Leading Offshore Services Player
Friday, May 15, 2015 Malaysia's Dayang Enterprise raises stake in Perdana Petroleum to 35.51 percent, with a view of taking full ownership of the company and becoming a leading regional offshore oil and gas services player.

Loyz Terminates Rig Lease Agreement with Fram Exploration for $13.8M
Friday, May 15, 2015 Loyz Energy terminates rig lease agreement with Fram Exploration for $13.8 million.

Lion Energy Finds Postive Oil, Gas Shows at Lofin-2 Well in Seram PSC
Friday, May 15, 2015 Lion Energy finds encouraging oil and gas shows at Lofin-2 appraisal well in Seram (Non-Bula) Production Sharing Contract in eastern Indonesia.

KrisEnergy Says First Oil from Wassana, Nong Yao Fields Likely in 2H 2015
Thursday, May 14, 2015 KrisEnergy says the Wassana and Nong Yao oil fields in the Gulf of Thailand are scheduled to commence production in the second half of this year.

Swiber's 1Q 2015 Revenue Falls to $164.9M, Down 17.3% YOY
Thursday, May 14, 2015 Swiber's revenue falls 17.3 percent in the first quarter of 2015 to $164.9 million, down from $199.5 million a year ago, while net profit slips to $$70,000 from $52.8 million.

EMAS AMC Uses iSURVEY Singapore for Thai Pipeline Installation
Wednesday, May 13, 2015 EMAS AMC contracts iSURVEY Singapore to conduct positioning and survey services to support Chevronís pipeline installation campaign in the Gulf of Thailand.

Myanmar Rules Out Launch of Bidding Round for Exploration Blocks This Year
Wednesday, May 13, 2015 Myanmar rules out the launch of a bidding round for petroleum exploration blocks this year, an official of Myanma Oil and Gas Enterprise says, as reported in a local media.

Pertamina Says to Halt Operations at Oil Trading Arm Petral
Wednesday, May 13, 2015 Indonesian state-owned energy firm Pertamina will disband its oil trading arm, Petral, its chief executive says, in keeping with government efforts to clean up the country's graft-tainted oil sector.

Philippines' First Gen Readies Plans for $1B LNG Import Terminal
Wednesday, May 13, 2015 The Philippines' First Gen Corp says construction of its $1 billion LNG terminal should begin by next year to ensure unhampered operation of its power plants when the country's Malampaya natural gas fields run dry in the next decade.

SapuraKencana Clinches $269M Deals as Firm Ventures into Mexico
Tuesday, May 12, 2015 SapuraKencana Petroleum clinches $269 million engineering and constructions contracts in Asia and Mexico, where it will mark the commencement of its local operations.

ExxonMobil Starts Gas Production at Telok B Platform Off Penisular Malaysia
Tuesday, May 12, 2015 First gas flows from the second phase of the ExxonMobil-operated Telok gas development project off the east coast of Peninsular Malaysia.

ExxonMobil Ramps Up Production at New Indonesian Oilfield
Tuesday, May 12, 2015 ExxonMobil ramps up production at a new Indonesian oilfield, targeting peak output later this year of more than 200,000 barrels per day that will add to an already oversupplied crude market.

AziPac Acquires 50% Stake in North Madura PSC Offshore Java
Tuesday, May 12, 2015 AziPac acquires 50 percent stake in North Madura Production Sharing Contract offshore north east Java, Indonesia.

DNV Wins KOGAS' Technology Qualification Contract for Liquefaction Plant
Tuesday, May 12, 2015 DNV GL Korea wins a technology qualification contract from Korean Gas Corp. for a front end engineering and design package for an onshore liquefaction plant.

Sources: South Korea's GS Energy Poised to Win Abu Dhabi Oil Stake
Tuesday, May 12, 2015 Sources say GS Energy Corp. is poised to win a stake in Abu Dhabi's largest onshore oilfield concession, joining France's Total SA and Japan's Inpex Corp. in a $22 billion venture.

Indonesia's Energy Minister Seeks To Rejoin OPEC
Thursday, May 07, 2015 Indonesia's energy minister says he would seek President Joko Widodo's approval for the country to rejoin OPEC, seven years after leaving the oil exporters' group.

OTC 2015: SBM Talks to CNOOC about Lingshui Gas Production Facility
Wednesday, May 06, 2015 SBM Offshore holdings talks with CNOOC to supply a semisubmersible production for the Lingshui 17-2 gas field development in South China Sea.

Hiap Seng Bags $11M Offshore Gas Compressor Packages Supply Contracts
Wednesday, May 06, 2015 Singapore's Hiap Seng Engineering bags $11 million contracts to supply offshore gas compressor packages.

Working for Asian National Oil Companies - An Attractive Choice?
Wednesday, May 06, 2015 With job security a major preoccupation for most Asian employees in the current downturn, NOCs appear to be an attractive employment option.

Otto Energy Secures Maersk Venturer Drillship Contract
Tuesday, May 05, 2015 Otto Energy secures Maersk Venturer drillship for the Hawkeye-1 exploration well in Service Contract 55 offshore Palawan, the Philippines.

OTC 2015: Indonesia to Decide Mahakam Transit Deal, MEMR O&G Top Post Soon
Tuesday, May 05, 2015 Indonesia expects a transit deal for the Mahakam block off East Kalimantan to be sewn up later this month, a top Ministry of Energy and Mineral Resources official says.

Drilling Test Results at Sumatra's Bunian-3 ST2 Well Better-Than-Expected
Monday, May 04, 2015 Cooper Energy reports better-than-expected results from drilling the Bunian-3 ST2 development well in Sukananti SKO in South Sumtara, Indonesia.

Halliburton Opens New HQ to Support its Operations in Indonesia
Monday, May 04, 2015 Halliburton opens new Indonesian headquarters in Jakarta to support its operations in mature fields, deepwater and unconventionals markets in the country.

Sinopec Chairman Fu Chengyu Retires
Monday, May 04, 2015 Fu Chengyu, chairman of Sinopec Group, retires.

Entrepose Acquires Oil, Gas Equipment Maker IKL
Monday, May 04, 2015 French oil and gas infrastructure builder Entrepose buys Indonesia process equipment maker PT Istana Karang Laut.

OTC 2015: Pertamina Hulu Energi to Appoint New Head by May's End
Monday, May 04, 2015 Indonesia's Pertamina Hulu Energi will appoint a successor to former President Director Ignatius Tenny Wibowo by the end of May as the latter has joined Australia's Santos as head of its local unit.

Hit to Indonesia's Oil and Gas Revenue Threatens Deficit, Crude Output
Thursday, April 30, 2015 Indonesia's oil and gas revenues are expected to drop by at least a third this year as a fall in production costs fails to keep pace with plunging oil prices and threatens to limit future output.

Sinopec to Cut Overseas Spending, Trim Inefficient Oil Output in 2015
Thursday, April 30, 2015 China's Sinopec Group will cut overseas investment by 22.2 percent this year and trim inefficient oil output abroad.

Thailand's PTTEP 1Q Net Profit Falls 31% on Weak Oil Prices
Thursday, April 30, 2015 PTTEP, Thailand's largest oil and gas explorer, says its first quarter net profit dropped 31 percent as the drop in global oil prices cut prices of its products.

Pacific Oil & Gas Submits Development Plan for Kisaran PSC in Sumatra
Wednesday, April 29, 2015 Pacific Oil & Gas submits the development plan for onshore Kisaran production sharing contract in Sumatra, Indonesia.

Citic Finds Promising Results at Lofin-2 Well in Indonesia's Seram PSC
Wednesday, April 29, 2015 Citic finds encouraging results at Lofin-2 appraisal well in Seram (Non-Bula) block in eastern Indonesia.

Ophir Energy Completes Acquisition of 4 Deepwater PSCs in Indonesia
Tuesday, April 28, 2015 Ophir Energy completes acquisition of four deepwater production sharing contracts in eastern Indonesia.

Carimin Partners MOS, PAI to Provide Offshore Support Services in SEA, ME
Tuesday, April 28, 2015 Malaysia's Carimin enters into agreements with two Middle Eastern partners to provide offshore support services in Southeast Asia and the Middle East.

Sembcorp Marine's 1Q 2015 Net Profit Falls 14% to $79.74M, Revenue Down 2%
Tuesday, April 28, 2015 Sembcorp Marine's first quarter 2015 net profit fell 14 percent from a year ago to $79.74 million, while revenue declined 2 percent to $978.1 million due to a fall in rig building and repair revenue.

Otto Marine Repays Debt to Get Winding Up Application Withdrawn
Tuesday, April 28, 2015 Otto Marine repays an outstanding debt as it updates on a winding up application filed with the Singapore High Court.

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