Regional News: East & SE Asia

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Indonesia's Saka Energi Seeks $500M in Bank Loans to Fund 2016 Growth Plan
Tuesday, October 13, 2015 PT Saka Energi seeks $500 million in bank loans by end of this year to fund its 2016 upstream expansion plans.

Coastal Contracts' Unit TML Seeks $5.65M in Damages from 2 Rig Builders
Monday, October 12, 2015 Coastal Contracts' subsidiary Thaumas Marine commences arbitration proceedings in Singapore to seek $5.65 million in claims relating to a jackup built by CIMC Raffles and Dynamic Driller.

Triple Energy to Acquire Xian Moke, Gets Stakes in 4 CBM Blocks in China
Monday, October 12, 2015 Australia's Triple Energy signs a letter of intent to acquire 100 percent interest of China's Xian Moke Industrial Co., giving the firm operating stakes in four coal bed methane blocks in China's Ordos Basin.

OMV: Gas Discovered in Pakistan's Latif License
Monday, October 12, 2015 OMV announces that gas has been discovered in the Latif South-1 exploration well, located in Pakistan's Latif exploration license.

Key Allies of Disgraced China Security Chief Jailed for Graft
Monday, October 12, 2015 The former chairman of China National Petroleum Corporation is sentenced to 16 years in prison for graft.


Petrofac Terminates Construction Vessel Building Deal with China's ZPMC
Friday, October 09, 2015 Petrofac terminates a contract with China's Shanghai Zhenhua Heavy Industry to build the Petrofac JSD 6000 deepwater construction vessel.

Lundin Petroleum Sells Indonesian Upstream Assets to Medco for $22M
Friday, October 09, 2015 Lundin Petroleum sells its upstream assets in Indonesia to PT Medco Energi Internasional for $22 million.

Rex Appoints Former Schlumberger Executive Svein Kjellsvik as COO
Friday, October 09, 2015 Singapore-listed Rex International Holdings appoints former Schlumberger executive Svein Kjellsvik as its chief operating officer.

NuEnergy Updates on Drilling at Tanjung Enim, Rengat PSCs in Sumatra
Thursday, October 08, 2015 Australia's NuEnergy Gas provides an update on drilling progress at the Tanjung Enim and the Rengat Production Sharing Contracts in Sumatra, Indonesia.

China Triples Proven Reserves at Top Shale Gas Project
Thursday, October 08, 2015 China has nearly tripled the size of proven reserves at its Fuling project, by far the country's largest shale gas find, according to an official from investor Sinopec and an industry report.

China Investigates Former Sinopec Chairman for 'Discipline Violations'
Thursday, October 08, 2015 Chinese authorities have placed the governor of Fujian province, who is also the former chairman of Sinopec, under investigation on suspicion of "serious disciplinary violations", China's anti-graft watchdog says.

Resource Estimates Point to Significant Find at Lofin Field in Indonesia
Thursday, October 08, 2015 Lion Energy says the contingent resource estimates confirm a significant gas/condensate find in the Seram Non-Bula Production Sharing Contract in eastern Indonesia.

East Kalimantan Govt Formally Takes a 10% Stake in Offshore Mahakam Block
Wednesday, October 07, 2015 Indonesia formally hands over a 10 percent stake in the offshore Mahakam Block to East Kalimantan Governor, with the interest to take effect in January 2018.

First Gas Flows From New Offshore Platform at Philippines' Malampaya Field
Tuesday, October 06, 2015 Gas production commences at a new offshore platform in the Malampaya field off the coast of Palawan Island in the Philippines.

MOL, Gas Sayago to Continue with Development of the Uruguay FSRU Project
Tuesday, October 06, 2015 Japan's Mitsui O.S.K. Lines to continue proceeding with the floating storage and regasification unit project led by Uruguay's Gas Sayago.

Perisai, PPL to Defer Delivery of Jackup Perisai Pacific 102 to March 2016
Tuesday, October 06, 2015 Malaysia's Perisai Petroleum Teknologi reaches agreement with Singapore's PPL Shipyard to defer delivery of newbuild jackup Perisai Pacific 102 to March 2016.

Saudi Aramco Said to Hire Deutsche Bank for CNPC Deal Talks
Tuesday, October 06, 2015 Saudi Aramco hires Deutsche Bank to advise on the potential acquisition of some marketing, retail and refining assets from CNPC, according to people with knowledge of the matter.

Ramba Sells 35% Stake in Lemang PSC in Sumatra to Mandala for Up to $179.6M
Monday, October 05, 2015 Ramba Energy sells 35 percent stake in Lemang Production Sharing Contract in Sumatra, Indonesia to KKR-backed Mandala Energy for up to $179.6 million.

Perisai Farms-Out Contract for Perisai Pacific 101 Jackup to Hess
Monday, October 05, 2015 Perisai Offshore reaches agreement with PETRONAS Carigali and Hess to farm-out the contract for the Perisai Pacific 101 jackup to the latter for $26.9 million.

Singapore's NauticAWT to Acquire MESPL as Firm Expands Core Business
Monday, October 05, 2015 Singapore's NauticAWT inks deal to acquire local oil and gas facilities and project engineering services provider Marine Engineering Services for $593,215.

Shell's Philippine Unit Preparing for IPO in 2016, Says Chairman
Monday, October 05, 2015 The Philippine unit of Royal Dutch Shell is looking to launch a long-delayed initial public offering sometime next year.

As China Gas Boom Falters, State Giants Grapple with Wave of Imports
Friday, October 02, 2015 China's energy giants are being forced to sell a glut of the fuel to buyers in other countries as soaring demand grinds to a halt.

Lundin Spuds Malaysia Well
Friday, October 02, 2015 Lundin Petroleum's wholly owned subsidiary Lundin Malaysia BV spuds the Mengkuang-1 exploration well in license PM307, offshore Malaysia.

Thai PTT Expects Lower Consolidated Revenue This Year
Thursday, October 01, 2015 PTT, Thailand's top energy firm, says it expected consolidated revenue this year to be lower than last year's $77.88 billion due to falling oil prices and accounting standard adjustments.

Aker Bags Subsea Contract from Murphy for Rotan Gas Project Off Malaysia
Thursday, October 01, 2015 Aker Solutions bags contract to supply a subsea production system to Murphy Oil for the Rotan deepwater gas project offshore East Malaysia.

Primeline Suspends Planned Merger With Loyz Energy Due to Volatile Market
Thursday, October 01, 2015 China-focused Primeline Energy suspends proposed merger with Singapore's Loyz Energy due to current market volatility.

JV Partners Withdraw from Vietnam's Offshore Block 121
Wednesday, September 30, 2015 Joint venture partners in Vietnam's offshore Block 121 in the Phu Khanh Basin withdraw from the license following the unsuccessful drilling of the Whale prospect.

Yinson Seals Tanker Deal With Premuda, Vessel Meant for Future FPSO Project
Wednesday, September 30, 2015 Malaysia's Yinson Holdings formalizes deal with Italy's Premuda to acquire a tanker which will be used for bidding in a future floating production, storage and offloading project.

Samsung Heavy Industries Orders a FSRU Unit from GTT for Delivery in 2017
Tuesday, September 29, 2015 Samsung Heavy Industries orders a floating storage and regasification unit from GTT for delivery in 2017.

Shell Malaysia to Axe 1,300 Jobs by 2017
Tuesday, September 29, 2015 Shell Malaysia will axe around 1,300 positions from its upstream division over the next two years, as part of a program that is designed to make the company "more agile and competitive".

Triple Updates on Aolong Project's Drilling in China's Heilonjiang Province
Tuesday, September 29, 2015 Triple Energy provides update on drilling at 2 wells in the Aolong project in China's Heilongjiang province.

POE Prepares for Testing Ops at Onshore Akeh-1 Exploration Well in Sumatra
Monday, September 28, 2015 Pan Orient Energy prepares for testing operations at onshore Akeh-1 prospect in the Batu Gajah Production Sharing Contract in Sumatra, Indonesia.

Differences Surface in Indonesian Government on Abadi Gas Project Concept
Monday, September 28, 2015 Differences surface within the Indonesian government on the development concept for the Abadi gas project in Arafura Sea, eastern Indonesia, according to a local daily.

Cosco Guangdong Delivers Newbuild AHTS 'Hai Yang Shi you 642' to COSL
Monday, September 28, 2015 Cosco Guangdong delivers an anchor handling tug supply vessel "Hai Yang Shi You 642" to China Oilfield Services Limited.

Topaz Orders 2 Subsea Vessels from Vard for Over $100M, Delivery in 2017
Monday, September 28, 2015 Topaz Energy and Marine orders two subsea vessels from Singapore-listed Vard Holdings for over $100 million, with delivery targeted for 2017.

HALO to Acquire 85% Stake in Duyung PSC in Natuna Sea from Singapore's WNEL
Friday, September 25, 2015 Hague and London Oil to acquire 85 percent interest in Duyung Production Sharing Contract in the Natuna Sea, Indonesia from Singapore-based West Natuna Exploration.

COSL Spuds LS23-1-1 Exploration Well in Block 33/07 in East China Sea
Friday, September 25, 2015 China Oilfield Services Ltd. spuds LS23-1-1 exploration well in Block 33/07 in East China Sea for Primeline Energy.

Singapore's EMAS Offshore Names Adarash Kumar as CEO, Replaces Jon Dunstan
Friday, September 25, 2015 Singapore's EMAS Offshore names Adarash Kumar as CEO, replacing Jon Dunstan.

Chinese Cyber Espionage Targets South China Sea Energy Companies
Thursday, September 24, 2015 Regional South China Sea energy companies are among the targets of a Chinese cyber espionage.

China to Carve Out New Oil, Gas Pipeline Firm from State Oil Giants
Thursday, September 24, 2015 China plans to create a new crude oil and liquefied natural gas pipeline transportation company, according to a report in the China Securities Journal.

Indonesia Doesn't Expect Inpex Gas Project to Start Production Until 2024
Wednesday, September 23, 2015 Indonesia expects the Masela Abadi natural gas project currently being developed by Japan's Inpex and Shell, to commence commercial production in 2024, an official at the oil and gas regulator says, two years behind an earlier target.

Australia's EOR Acquires CEP, Gets Stake in East Kalimantan's Wailawi Field
Wednesday, September 23, 2015 Australia's Enhanced Oil & Gas Recovery acquires 100 percent stake in Centre Energy Petroleum, giving it an interest in Wailawi oil and gas field in East Kalimantan, Indonesia.

Malaysia's PETRONAS Spent $116M on Talent Management Last Year
Wednesday, September 23, 2015 Malaysia's PETRONAS spent around $116 million on talent management, leadership training and competency building last year.

Roc Oil Spuds QK12-3-1D Exploration Well in China's Bohai Bay Basin
Wednesday, September 23, 2015 Roc Oil spuds QK12-3-1D exploration well in Block 09/05 in China's Bohai Bay Basin.

VARD to Supply PSV to DOF, Vessel to Work for Chevron in Australia
Wednesday, September 23, 2015 Vard Holdings secures a bareboat charter to supply DOF with a platform supply vessel to work for Chevron in Australia.

Swire Pacific Offshore Appoints Ron Mathison as MD to Replace Neil Glenn
Tuesday, September 22, 2015 Singapore-based offshore service vessel provider Swire Pacific Offshore appoints Ron Mathison as new managing director to succeed Neil Glenn.

Aolong JV Continues Drilling at Niaoshan-1, Yixin-1 Wells in China
Tuesday, September 22, 2015 The Aolong Joint Venture continues drilling at Niaoshan-1 and Yixin-1 wells in China's Heilongjiang province.

Transerv Encounters Gas Shows at Warro-5ST Well in WA's Warro Field
Tuesday, September 22, 2015 Transerv Energy encounters gas shows at Warro-5ST well in the Warro field in Western Australia.

Pertamina Finalizing Plans to Acquire Blocks B, NSO in Indonesia
Monday, September 21, 2015 Pertamina is finalizing plans to acquire ExxonMobil's Blocks B and North Sumatra Offshore in Indonesia.

COSL to Drill LS23-1-1 Well in Block 33/07 in East China Sea Shortly
Friday, September 18, 2015 China Oilfield Services Ltd. is on track to drill the LS23-1-1 well in East China Sea's Block 33/07 shortly.

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