Regional News: East & SE Asia

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Keppel O&M to Acquire Cameron's Offshore Rig Business for $100M
Monday, August 31, 2015 Keppel Offshore & Marine to acquire Cameron's offshore rig business, comprising the LETOURNEAU jackup designs, rig kit business and aftermarket services for $100 million.

Cooper Energy Prepares to Conduct Flow Test at Bunian-4 Well in Sumatra
Monday, August 31, 2015 Cooper Energy prepares to conduct flow test the Bunian-4 well in the Tangai-Sukananti KSO in South Sumatra, Indonesia.

Global Stocks Head for Worst Month Since 2012 on China Woes
Monday, August 31, 2015 Global stocks poise for the worst month in more than three years on fresh concern China’s efforts to prop up its markets will fail.

Primeline, Loyz Extend Deadline to Reach Agreement on Merger
Monday, August 31, 2015 Primeline Energy and Loyz Energy extend deadline to reach agreement for a merger between the two companies.

PTTEP Sells 20% Stakes in 2 Blocks in Myanmar to MOECO, Palang Sophon
Monday, August 31, 2015 Thailand's PTTEP sells 20 percent interest in two onshore blocks in Myanmar to Japan's MOECO and Thai-based Palang Sophon Offshore.


China Oil Giants Seek to Join Spree of Global Energy Deals
Thursday, August 27, 2015 PetroChina signaled it's looking to join a wave of global energy deals as crude's collapse makes it the right time to buy and sell assets.

PetroChina Profit Dives 63% in First Half
Thursday, August 27, 2015 PetroChina reports a 63% drop in its first-half profit, with earnings upstream taking a hit from lower prices.

SKD Sees Opportunities for Tender Assist Drillers in Low Oil Price Market
Thursday, August 27, 2015 SapuraKencana Drilling feels that the industry downtrend may open opportunities for tender assist drillers.

Dyna-Mac Bags $8.5M Fabrication Contract from Singapore-based Firm
Thursday, August 27, 2015 Dyna-Mac Holdings bags an $8.5 million fabrication contract from a Singapore-based company.

Tap Oil Signs PSC for Block M-7, Brings Myanmar 2013 Bid Round to a Close
Thursday, August 27, 2015 Tap Oil signs a production sharing contract for Block M-7 in Myanmar's Moattama Basin, formally bringing to a close the 20 blocks offered by the Ministry of Energy under the 2013 bid round.

WA Supreme Court Sets Aside NGPH's Statutory Demand for Tap Oil Payment
Thursday, August 27, 2015 Western Australia's Supreme Court sets aside a statutory demand from Northern Gulf Petroleum Holdings for Tap Oil to make payment relating to the G1/48 concession in the Gulf of Thailand.

CIMC Raffles to Deliver AGOSTO-12 to Coastal Contracts Ahead of Pemex Job
Wednesday, August 26, 2015 CIMC Raffles will deliver AGOSTO-12 jackup gas compression service unit to Malaysia's Coastal Contracts Friday ahead of a long-term charter with Pemex at the Cantarell oil field in the Gulf of Mexico.

Profits At Two Chinese Oil Majors Slump On Low Crude Price
Wednesday, August 26, 2015 Two of China's major oil companies say that their profits slumped in the first half of 2015, as a sharp decline in international crude prices hit upstream earnings.

Out in the Real World, Oil Market Is Much Better Than It Looks
Tuesday, August 25, 2015 The global oil market is healthier than it looks, signaling that crude's plunge to six-year lows has probably gone too far.

China Oil Rig to Keep Drilling in Waters Disputed with Vietnam
Tuesday, August 25, 2015 The Haiyang Shiyou 981 (UDW semisub) will continue drilling not far from Vietnam's coast, China’s maritime safety authorities said on Tuesday.

Triple Energy Makes Slow Progress in Niaoshan-1 Drilling in China
Tuesday, August 25, 2015 Triple Energy makes slower than expected progress in drilling the Niaoshan-1 well in China's Heilongjiang province and has mobilized a second rig to drill the Yixin-1 well.

DSME Delivers Songa Endurance Semisub
Monday, August 24, 2015 Daewoo Shipbuilding & Marine Engineering delivers Songa Endurance semisub to Songa Offshore, with the newbuild to head for Norway's Troll field soon to commence a contract with Statoil.

Shell and Thai Firms to Develop LNG Terminal in Myanmar's Dawei SEZ
Monday, August 24, 2015 Shell enters deal with Thailand-based companies to develop a liquefied natural gas terminal in Dawei special economic zone in Myanmar.

Controversial China Rig Completes Drilling Well Near Vietnam Coast
Monday, August 24, 2015 The Chinese oil rig at the center of last year's standoff between China and Vietnam over oil exploration in the South China Sea completes drilling of a well not far from Vietnam's coast.

PETRONAS Takes Over Shell's 50% Interest in MLNG Dua in Sarawak
Friday, August 21, 2015 PETRONAS takes over Shell's 50 percent equity in MLNG Dua in Sarawak, Malaysia.

Otto Marine's Newbuild Work Maintenance Vessel Prepares for SEA Charter
Friday, August 21, 2015 Otto Marine accepts delivery of a work maintenance vessel that was built in China, with the newbuild to commence a charter in Southeast Asia soon.

Fluor, COOEC Establish New Fabrication Joint Venture in China
Friday, August 21, 2015 Fluor and COOEC form a new fabrication joint venture in China.

Sinopec Buys Kazakh Oil Assets From Lukoil for $1.09B
Thursday, August 20, 2015 China Petroleum & Chemical Corp. complete the purchase of a 50% stake in a Kazakh oil producer from Lukoil for $1.09 billion.

DSME Terminates Building Contract for Cobalt Explorer Drillship
Thursday, August 20, 2015 Daewoo Shipbuilding and Marine Engineering terminates a construction contract for Cobalt Explorer drillship.

Chinese Trading Rivalry Ruffles Asian Oil Markets
Thursday, August 20, 2015 Intensifying rivalry between top oil traders Chinaoil and Unipec whipsaws Asia's oil market, pits the state-owned firms against each other.

Rex International Holding Cuts Capex, Focuses on Oman and Norway Assets
Thursday, August 20, 2015 Singapore-listed Rex International Holding cuts capital investments and focus on key assets in Oman and Norway as it adapts to lower oil prices.

SKK Migas Approves Tiung Biru, Jambaran Field Development Plan in Java
Wednesday, August 19, 2015 Indonesia's upstream regulator SKK Migas approves a revised development plan for the Tiung Biru and Jambaran fields in Java.

COSL Signs Contract to Drill 2 Wells in Block 33/07 in East China Sea
Wednesday, August 19, 2015 Primeline Energy signs contract for China Oilfield Services Ltd. to drill two wells in Block 33/07 in the East China Sea.

CNOOC Signs PSCs with Roc Oil for South China Sea Blocks
Wednesday, August 19, 2015 The China National Offshore Oil Corporation signs 2 production sharing contracts with Roc Oil Company for blocks 16/07 and 03/33 in the South China Sea.

Ultra Deep Group Signs Contract to Build Multipurpose DSCV
Wednesday, August 19, 2015 Ultra Deep Group secures a contract with China Merchants Heavy Industry to build an Ultra Deep Installer Multipurpose Diving Support Construction Vessel.

Peak Oil & Gas Appoints New Non-Executive Director
Tuesday, August 18, 2015 Peak Oil & Gas Limited appoints Peter Armitage as an independent non-executive director, effective August 17, 2015.

Shell in Framework LNG Deal with Private Chinese Firm
Tuesday, August 18, 2015 Shell enters a framework deal with a Chinese energy firm to jointly purchase and distribute liquefied natural gas, Shell says, a rare cooperation between a global energy company and a local private player.

Cosco Guangdong Delivers Newbuild PSV 'Vos Paradise' to European Buyer
Tuesday, August 18, 2015 Cosco Guangdong delivers a newbuild platform supply vessel to a European buyer.

KrisEnergy Flows First Oil from Wassana Field in Gulf of Thailand
Tuesday, August 18, 2015 KrisEnergy commences production from the Wassana oil field in the G10/48 concession in the Gulf of Thailand.

Scomi Bags $27.66M Deal from PTTEPI for Myanmar's Zawtika Gas Project
Tuesday, August 18, 2015 Malaysia's Scomi Energy bags a three-year contract from PTTEPI for the Zawtika gas project offshore Myanmar.

Wood Clinches FEED for Talisman's Ca Rong Do Subsea Development off Vietnam
Tuesday, August 18, 2015 Wood Group clinches the front end engineering and design contract for Vietnam's offshore Ca Rong Do field subsea development for Talisman Energy.

Otto Energy Reports Disappointment Over Hawkeye-1 Well Off Philippines
Monday, August 17, 2015 Otto Energy reports disappointment over Hawkeye-1 prospect in Service Contract 55 offshore the Philippines as the hydrocarbons found are not economic to develop.

Swiber's 2Q 2015 Revenue Falls 8.7% to $200.2M on Fewer Contracts
Monday, August 17, 2015 Swiber's revenue for the second quarter of 2015 falls 8.7 percent to $200.2 million on fewer contracts.

IEV Releases Independent Resource Report for West Java's Pabuaran KSO Block
Friday, August 14, 2015 Singapore's IEV Holdings receives LR Senergy's report on reserves and resources for the Cilamaya Selatan Structure at Pabuaran KSO block in West Java, Indonesia.

JOGMEC Provides $45.6M Funding for Idemitsu-Sumitomo's Vietnam Exploration
Friday, August 14, 2015 JOGMEC provides $45.6 million in equity financing to Idemitsu and Sumitomo for two exploration blocks offshore Vietnam.

Cooper Energy Updates on Drilling at Bunian-4 Well in South Sumatra
Friday, August 14, 2015 Cooper Energy updates on drilling at Bunian-4 well in the KSO Tangai-Sukananti Block in South Sumatra, Indonesia.

PBJV, Ocean Installer to Offer Deepwater Installation Services in Malaysia
Friday, August 14, 2015 Barakah's subsidiary PBJV signs a memorandum of collaboration with Norway's Ocean Installer to jointly provide deepwater installation services in Malaysia.

Thailand's PTT Net Profit Drops 19% in Second Quarter
Friday, August 14, 2015 Thailand's largest energy firm PTT says its net quarterly profit is down 19 percent compared to a year ago.

PBJV Bags Contract from PETRONAS Carigali for Work in East Malaysia
Thursday, August 13, 2015 Barakah Offshore Petroleum's unit PBJV bags a contract from PETRONAS Carigali for work in Sabah and Sarawak, East Malaysia.

Thailand May Give Investors Choice of Concession or PSC in New Bid Round
Thursday, August 13, 2015 Thailand's proposed petroleum laws are likely to give investors the choice of opting for the existing concession system or a new production sharing contract in the upcoming bidding round.

Malaysia, Brunei Reach Agreement on Overlapping Blocks
Wednesday, August 12, 2015 Malaysia and Brunei agree on the way to implement an agreement on oil and gas exploration in two overlapping offshore blocks.

Keppel Shipyard Bags $89.2M Contracts, Includes Madura BD FPSO Conversion
Wednesday, August 12, 2015 Singapore's Keppel Shipyard clinches four contracts, worth $89.2 million, including a floating production storage and offloading conversion for the Madura BD Block offshore Indonesia.

Mirach Gets Approval to Extend Cambodia Block D Exploration to End 2018
Tuesday, August 11, 2015 Mirach Energy receives approval for the final extension of the exploration period for Cambodia's onshore Block D to December 2018.

Scomi Bags $35.6M Deals, Including Provision of Offshore Vessel Services
Tuesday, August 11, 2015 Malaysia's Scomi Energy Services secures $35.6 million contracts, including the provision of offshore vessel services, in the last four months.

Sources: ConocoPhillips to Seek Buyers for Stake in Indonesian Oil, Gas Blo
Tuesday, August 11, 2015 ConocoPhillips is reviewing its portfolio in Indonesia and may soon seek buyers for a stake in a production-sharing block it operates in the Natuna Sea.

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