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Regional News: East & SE Asia

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CNOOC to Boost Output 18% Over 3 Years; Vows Cost Cuts
Friday, March 27, 2015 CNOOC aims to boost output by 18% over the next three years, after reporting stronger-than-expected 2014 profit on cost cuts and higher production.

Energy Minister: Indonesia's Pertamina To Operate Mahakam Block From 2018
Friday, March 27, 2015 Indonesia's Pertamina will operate the Mahakam natural gas block offshore East Kalimantan, according to the country's energy minister.

Lion Reports Significant Gas Shows at Lofin-2 Well in Indonesia's Seram PSC
Thursday, March 26, 2015 Lion Energy says CITIC finds significant gas shows at Lofin-2 appraisal well in the Seram (Non-Bula) Production Sharing Contract in eastern Indonesia.

Cue Energy Gets Approval to Farm-in for 12.5% Stake in Sumatra's Mahato PSC
Thursday, March 26, 2015 Cue Energy receives government approval for the farm-in agreement with Bukit Energy for a 12.5 percent stake in the Mahato Production Sharing Contract in Central Sumatra, Indonesia.

Dolphin Geophysical Commences Seismic Survey for Ophir Energy Off Myanmar
Thursday, March 26, 2015 Dolphin Geophysical commences seismic acquisition offshore Myanmar for Ophir Energy.


Yokogawa to Supply Control & Safety System for Petronas' PFLNG2 Facility
Thursday, March 26, 2015 Yokogawa wins contract to supply a control and safety system for Petronas' floating liquefied natural gas facility (PFLNG2) now under construction in South Korea.

Delivery of Songa Equinox Semisub Delayed by Remedial Work at DSME's Yard
Wednesday, March 25, 2015 Delivery of Songa Equinox semisub delayed by four weeks as it undergoes remedial work at Daewoo Shipbuilding & Marine Engineering's yard in South Korea.

Chevron Signs PSC for Block A5 in Rahkine Basin Offshore Myanmar
Wednesday, March 25, 2015 Chevron signs production sharing contract for Block A5 in the Rakhine Basin offshore Myanmar with Myanma Oil & Gas Enterprise.

CGG Amadeus Commences 3D Seismic Survey at Block 120 Offshore Vietnam
Wednesday, March 25, 2015 CGG Amadeus commences 3D seismic acquisition program in Block 120, offshore central Vietnam.

Alam Maritim's JV Deepsea to Acquire OSV 'OLV Venture 1' for $60M
Wednesday, March 25, 2015 Alam Maritim's joint venture company Deepsea Leader Venture inks agreement to acquire offshore support vessel 'OLV Venture 1' for $60 million.

KrisEnergy Successfully Drills Rossukon-2 Well in Gulf of Thailand
Wednesday, March 25, 2015 KrisEnergy successfully drills the Rossukon-2 exploration well in G6/48 license in the Gulf of Thailand.

Former Hercules Offshore Executive James Noe Joins Falcon Energy
Wednesday, March 25, 2015 Singapore's Falcon Energy appoints former Hercules Offshore executive as chief operating officer of its marine and liftboat division.

SapuraKencana's FY2015 Net Profit Up 32% to $382M, Boosted by Upstream Ops
Tuesday, March 24, 2015 SapuraKencana's net profit rises 32 percent in financial year 2015 to $381.8 million, boosted by income from upstream operations.

MacGregor to Supply Deck Equipment for Chinese Shipbuilder Wuhu Xinlian
Tuesday, March 24, 2015 MacGregor to supply complete deck equipment packages for two anchor, handling, supply and oil recovery vessels to Chinese shipbuilder Wuhu Xinlian.

Cooper Energy Plans Production Test at Bunian-3 Development Well in Sumatra
Tuesday, March 24, 2015 Cooper Energy plans to carry out production testing at Bunian-3 development well in Sukananti KSO in South Sumatra, Indonesia.

GSS Energy Says Central Java's Trembul Field Holds 32.8M Barrels of Oil
Monday, March 23, 2015 GSS Energy says the Trembul field in central Java, Indonesia holds around 32.8 million barrels of oil.

Northern Gulf Petroleum in Default on Manora Oil Project Offshore Thailand
Monday, March 23, 2015 Mubadala Petroleum informs Northern Gulf Petroleum that the latter is in default regarding the Manora oil development in G1/48 concession in the Gulf of Thailand.

Sinopec's Operating Revenue Falls to $36.64B Despite Higher Production
Monday, March 23, 2015 Sinopec's exploration and production business posts a 6% fall in operating revenue in 2014 to $36.64 billion despite production rising 8.44% to 480.22 million barrels of oil equivalent.

Woodside Inks 4 PSCs for Blocks Awarded in 2013 Myanmar Offshore Bid Round
Monday, March 23, 2015 Woodside inks four production sharing contracts for blocks awarded in the 2013 Myanmar Offshore Bid Round.

Indonesian Government Tells Pertamina to Resubmit Mahakam Block Proposal
Friday, March 20, 2015 Indonesia's Ministry of Energy and Mineral Resources tells Pertamina to resubmit proposal on taking over operations at the Mahakam block offshore East Kalimantan.

China Indicts Former Oil Boss on Corruption Charges
Friday, March 20, 2015 The former chairman of the stated-owned parent of PetroChina, Asia's biggest oil producer, has been indicted in a spreading anti-corruption crackdown.

CIMC Raffles to Co-Finance Semisub Construction Ahead of Demand Uptick
Thursday, March 19, 2015 Chinese rig builder CIMC Raffles is chipping in to tide over rig owners on financing newbuild semisubmersible projects.

Malaysia's Petronas Says $5B Bond Issue for Capex, Possible M&As
Thursday, March 19, 2015 Malaysia's Petronas plans to use the $5 billion it raised in Asia's largest bond offering so far this year for corporate expenses as well as possible acquisitions, the company says.

Tamarind Appoints Former Talisman Executive Ron Aston as Vice Chairman
Thursday, March 19, 2015 Tamarind Energy appoints Talisman's former senior vice president and country manager of Malaysia Ron Aston as the firm's vice chairman.

KrisEnergy Spuds Rossukon-2 Exploration Well in G6/48 in Gulf of Thailand
Wednesday, March 18, 2015 KrisEnergy spuds the Rossukon-2 exploration well in Block G6/48 in the Gulf of Thailand as it kicks off a drilling campaign in Thailand.

Shell, Statoil, Petronas Gain Exploration Blocks in Indonesia Bid Round
Wednesday, March 18, 2015 Shell, Statoil, Petronas Carigali and Pertamina are among the successful firms in the latest bidding round for 11 oil and gas blocks in Indonesia.

PetroChina Vice Chairman Under Investigation Amid Graft Crackdown
Tuesday, March 17, 2015 PetroChina Vice Chairman Liao Yongyuan is being investigated for "serious disciplinary violations", the company says, as an anti-corruption crackdown reaches deeper into the Chinese state-owned oil giant.

Lion Energy Continues Drilling at Lofin-2 Well in Seram PSC in Indonesia
Tuesday, March 17, 2015 Lion Energy continues with drilling operations at the Lofin-2 appraisal well in Seram (Non-Bula) Production Sharing Contract in eastern Indonesia.

Wood Mackenzie: Gas Poses More Competition to Coal in Asia's Power Sector
Tuesday, March 17, 2015 Wood Mackenzie says gas poses increasing competition to coal as a fuel choice for the power sector in Asia.

Douglas-Westwood: 'Offshore Accommodation Market - A Focus on Welfare'
Monday, March 16, 2015 Douglas-Westwood discusses the offshore accommodation market, with a focus on welfare, in its latest edition of DW Monday.

Speedcast Acquires Hermes Datacomms to Boost Energy Communication Services
Monday, March 16, 2015 Speedcast acquires Hermes Datacommunications to expand its communications services to the energy sector.

Vard Terminates Contracts to Build 2 PSVs for E.R. Offshore's Units
Monday, March 16, 2015 Vard Holdings terminates contracts to build two platform supply vessels for E.R. Offshore after the latter's affiliates filed for insolvency in Germany.

Interra to Take 20% Indirect Stake in Indonesia's Benakat Barat Petroleum
Friday, March 13, 2015 Interra Resources agrees to acquire a 20 percent indirect interest in PT Benakat Barat Petroleum for $7.36 million, giving the firm a share of the Benakat Barat field in South Sumatra, Indonesia.

IEV Conducts Production Testing at CLS-1TW Well in West Java's Pabuaran KSO
Friday, March 13, 2015 IEV progresses production testing at CLS-1TW development well in Pabuaran KSO block, West Java, Indonesia.

Petra Energy Bags Gumusut Kakap FPS Topside Maintenance Services Contract
Thursday, March 12, 2015 Petra Energy bags a topside maintenance services contract for the Gumusut Kakap floating production system located offshore Sabah, Malaysia from Sabah Shell.

Mammoet Installs Malampaya Phase 3 DCP off Palawan Island for Shell
Thursday, March 12, 2015 Mammoet installs the Malampaya Phase 3 Depletion Compression Platform off Palawan Island in the West Philippine Sea for Shell.

Cue Energy Takes Full Ownership of Kutei Basin's Mahakam Hilir PSC
Wednesday, March 11, 2015 Cue Energy completes the acquisition of a 60 percent interest in Mahakam Hilir production sharing contract in Kutei Basin, Kalimantan, Indonesia.

Nam Cheong Sells Accommodation Work Vessel, AHTS Vessel for $58M
Wednesday, March 11, 2015 Nam Cheong sells an accommodation work vessel to Marco Polo Marine and an anchor handling tug supply vessel to Topaz Energy and Marine for a total of $58 million.

Swire Oilfield Services Opens New Yard at Kemaman in Malaysia
Wednesday, March 11, 2015 Swire Oilfield Services opens a new yard at Kemaman in Malaysia to grow local business.

Pelikan Field Starts Production Offshore Indonesia
Tuesday, March 10, 2015 Premier Oil starts up production from the Pelikan field offshore Indonesia.

Three Offshore Gas Fields in Myanmar to Shut Down for Maintenance in April
Tuesday, March 10, 2015 Myanmar will shut down three offshore gas fields for scheduled maintenance in late April, according to a senior official at the Myanma Oil and Gas Enterprise.

KS Energy's Unit Secures $7.2M Drilling Contract for Jackup KS Java Star
Tuesday, March 10, 2015 KS Energy's unit PT Atlantic Oilfield Services and the latter's joint venture partner Pertamina Drilling Services Indonesia secure a $7.2 million drilling contract for jackup KS Java Star.

KrisEnergy Takes Over as Operator of Vietnam's Offshore Block 105
Tuesday, March 10, 2015 KrisEnergy takes over as field operator of Vietnam's offshore Block 105 from Eni.

CNOOC Commences Oil Production at Qinhuangdao 32-6 Project in Bohai Bay
Tuesday, March 10, 2015 CNOOC commences oil production at Qinhuangdao 32-6 comprehensive adjustment project in China's Bohai Bay.

Triyards Lands $100M Deals to Build 2 MPSVs and a Turret Mooring System
Tuesday, March 10, 2015 Triyards lands $100 million contracts to build two multi-purpose support vessels and a turret mooring system.

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.

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.

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.

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.

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.

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