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Regional News: East & SE Asia

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MedcoEnergi Inks Agreement to Sell Gas from Aceh's Block A to Pertamina
Wednesday, January 28, 2015 MedcoEnergi inks agreement to sell $2 billion of gas to Pertamina from Block A, Aceh, Indonesia.

CNPC Research: China's Oil Demand To Grow 3% In 2015
Wednesday, January 28, 2015 China's implied oil demand will grow 3% this year versus last year, little changed from the pace of growth in 2014 as calculated by Reuters.

CNPC Completes China's Deepest Onshore Well in Tarim Oilfield
Wednesday, January 28, 2015 CNPC completes Keshen-902 appraisal well, China's deepest onshore well, in Tarim Oilfield.

KrisEnergy Commcences 2D Seismic Survey at Udan Emas PSC in West Papua
Wednesday, January 28, 2015 KrisEnergy commences 2D seismic survey in Indonesia's onshore Udan Emas production sharing contract in West Papua.

As Oil Slides, Singapore Oilfield Service Firms Struggle to Refinance Debt
Tuesday, January 27, 2015 Ezra Holdings and Swiber Holdings are finding it tough to refinance debt maturing later this year due to the slump in crude prices, according to banking sources.


EarthStream Says Hiring Companies Gain from Decline in Oil Price
Monday, January 26, 2015 Falling oil price allows hiring firms to cope better with skilled shortages in the industry as more experienced candidates are available at reasonable salaries, an EarthStream executive says.

Green Dragon on Target for 12BCF of Gas in 2015
Monday, January 26, 2015 Green Dragon Gas says it is on target to achieve its 2015 year-end production objective of 12 billion cubic feet of gas.

JGC Bags $510M EPCC Contract for Petronas' LNG Complex in Bintulu
Monday, January 26, 2015 JGC bags $510 million engineering, procurement, construction and commissioning contract for Petronas' LNG Complex in Bintulu, Sarawak, Malaysia.

Keppel O&M's Net Profit in 4Q 2014 Rises to $229.5M, Up 1% from a Year Ago
Friday, January 23, 2015 Keppel Offshore and Marine's net profit in the fourth quarter of 2014 rises to $229.5 million, a marginal one percent increase from the previous year.

Indonesia Plans to Offer 8 Oil, Gas Exploration Blocks in 2015
Thursday, January 22, 2015 Indonesia plans to offer eight oil and gas exploration blocks this year through direct negotiation and regular tender, according to an official of the energy and mineral resources ministry.

South Korea's HHI Progresses Move to Localize Offshore Facilities Equipment
Thursday, January 22, 2015 South Korea's Hyundai Heavy Industries completes the first phase of a plan for localizing offshore facilities equipment.

CIMC Raffles Completes Assembly of North Dragon Semisub at Yantai Yard
Tuesday, January 20, 2015 CIMC Raffles successfully assembles the North Dragon semisub at Yantai shipyard in China ahead of delivery scheduled for December.

Sources: Oil Pipeline Through Myanmar to China Expected to Open in Jan
Tuesday, January 20, 2015 A crude oil pipeline and a deep sea port meant to secure an alternative route for Chinese imports overland through Myanmar are set to open at the end of January, but an affiliated refinery in China is months away from completion, sources say.

Petronas Says NST's Job Cuts Article is 'Misreported and Inaccurate'
Tuesday, January 20, 2015 Petronas clarifies that a local newspaper article saying that the firm plans to reduce its workforce by around 10 percent was "misreported and inaccurate."

China's Yards Brace for Leaner Times as Oil Slump Sours Rig Building Spree
Monday, January 19, 2015 For China's shipyards, the oil rig market that was supposed to be a blessing is in danger of becoming a curse.

Tugboat Undergoing Sea Trails Near China's Jingjiang Sinks, Kills 21
Monday, January 19, 2015 A newbuild tugboat sinks while undergoing sea trails near Jingjiang, China, killing 21, including eight foreigners - three of whom were employees of a Sembcorp Marine subsidiary.

Douglas Westwood: 'Offshore Drilling Contractors Facing Uncertainty'
Monday, January 19, 2015 Douglas-Westwood comments on offshore drilling contractors facing uncertainties in its latest edition of DW Monday.

Petronas Carigali Awards $14M Contract to Uzma Engineering
Monday, January 19, 2015 Uzma Engineering clinches $14.05 million contract to provide through tubing downhole tools and services to Petronas Carigali.

Keppel Singmarine Secures $212M Contract to Build Ice-Class Vessel for MCS
Friday, January 16, 2015 Keppel Singmarine secures a $212 million contract from Marine Construction Services' subsidiary New Orient Marine to build an ice-classs multi-purpose vessel.

Indonesia Scraps Land Tax on Oil and Gas Exploration
Friday, January 16, 2015 Indonesia scraps a land tax that companies pay while exploring for oil and gas, a move that might encourage exploration at a time of concern that it could fall sharply due to tumbling oil prices.

Thailand to Proceed with Exploration Block Bidding Round Despite Opposition
Friday, January 16, 2015 Thailand will proceed with its latest petroleum exploration and production bidding round despite domestic opposition to the plan.

Cosco Nantong Delivers Semisub Accommodation Vessel to COTEMAR
Thursday, January 15, 2015 Cosco Nantong delivers a semisubmersible accommodation vessel to Mexico's COTEMAR.

Sona Petroleum Scraps Plans to Buy Stake in Salamander's Thai Assetss
Wednesday, January 14, 2015 Malaysia's Sona Petroleum scraps plans to buy a stake in two oil and gas blocks from Salamander Energy Plc in the Gulf of Thailand for $280 million.

Malaysia's MHB Appoints Abdul Fitri as CEO, Succeeds Dominique de Soras
Wednesday, January 14, 2015 Malaysia Marine and Heavy Engineering Holdings appoints Abu Fitri Abdul Jalil as managing director and CEO to succeed Dominique de Soras from March 1.

Sea Oil Gets More Time from POE to Complete Thai Onshore Block Acquisition
Wednesday, January 14, 2015 Pan Orient Energy gives more time to Sea Oil to complete its $42.5 million acquisition of Block L53/48 in Thailand.

Gas2Grid Commences Technical Program at Malolos Oil Field in Philippines
Wednesday, January 14, 2015 Gas2Grid commences technical program to appraise and develop the Malolos oil field in Cebu, Philippines, while seeking a partner for the project.

Atwood Mako Secures Contract to Drill in Southeast Asia in Late March
Tuesday, January 13, 2015 Atwood Oceanics secures contract for jackup Atwood Mako to drill in Southeast Asia in late March.

Newspaper: China 2014 Gas Output Growth Quickens to 10.7%
Tuesday, January 13, 2015 China's domestic natural gas production rose 10.7 percent last year, faster than in the previous year, as the country's first shale gas field added to output from conventional deposits, an official newspaper reports.

AAG Reaches Production Milestones at Panzhuang CBM Concession in Shanxi
Tuesday, January 13, 2015 AAG Energy reaches new daily production milestones for coalbed methane at Panzhuang concession in China's Shanxi Province.

Newfield to Retain China Assets
Tuesday, January 13, 2015 Newfield Exploration says it concludes its marketing process for its China business and now plans to retain the assets.

KrisEnergy Completes Acquisition of Sumatra's Block A Aceh PSC
Tuesday, January 13, 2015 KrisEnergy completes acquisition of Block A Aceh production sharing contract in Sumatra, Indonesia from Premier Oil.

McDermott Completes Kepodang Platform Installation Offshore Indonesia
Monday, January 12, 2015 McDermott completes platform installation at the Kepodang gas field in Muriah working area offshore Indonesia for Petronas.

Cosco Discontinues Octabuoy Hull and Topside Module Project
Monday, January 12, 2015 Cosco discontinues the Octabuoy hull and topside module project, resulting in a one-off charge of $72 million for the firm.

Keppel FELS Delivers Newbuild Jackup Yunuen to Pemex
Monday, January 12, 2015 Keppel FELS delivers Yunuen, a newbuild KFELS B Class jackup, to Pemex.

KOGAS Says Its CEO To Tender His Resignation On Monday
Sunday, January 11, 2015 Korea Gas says its president and chief executive Jang Seok-hyo will tender his resignation on Monday after the energy ministry asked the country's president to sack him.

Ezra Posts 1Q 2015 Profit of $61M, Bags $105M Deal for Julimar Project
Friday, January 09, 2015 Ezra Holdings records an after-tax profit of $60.6 million in the first quarter of financial year 2015 ending Nov. 30, 2014, compared to $8.7 million last year.

PNOC-EC to Farm-in to Phillippines' SC55, Otto Seeks Rig to Drill Hawkeye-1
Friday, January 09, 2015 Otto Energy reveals that PNOC-EC will farm-in for a 15 percent interest in Service Contract 55 offshore the Philippines, with the firm seeking a rig to drill the Hawkeye-1 well later this year.

RHP Reports Encouraging Results from Drilling at China's Yongping Oil Field
Friday, January 09, 2015 RH Petrogas reports encouraging results from its drilling operations at Yongpoing oilfield in Fuyu 1 Block in China's Jilin province.

Philippines DOE Approves PNOC-EC's Transfer of 10% Stake in SC 63 to Nido
Friday, January 09, 2015 The Philippines Department of Energy approves the transfer of 10 percent stake in Service Contract 63 offshore the Philippines by PNOC-EC to Nido Petroleum.

Sources: Petronas May Slash Domestic Investment 30% as Crude Slumps
Thursday, January 08, 2015 Petronas may slash capital expenditure even more than it has signalled because the continuing rout in oil prices has hurt revenue, with domestic spending facing cuts of about 30 percent, sources say.

EMAS Offshore Posts Net Profit of $148M in 1Q 2015, Up from $13M a Year Ago
Thursday, January 08, 2015 EMAS Offshore posts net profit of $148.4 million for the first quarter of financial year 2015 that ended Nov. 30, 2014, up from $13 million in the previous year.

Triyards Bags $75.4M Contracts to Build 2 Liftboats
Thursday, January 08, 2015 Triyards Holdings bags contracts, worth $75.4 million, to build two liftboats for U.S.-based operators.

Keppel Lands $52M Deals to Build AHT, Offer Technical Services for Liftboat
Wednesday, January 07, 2015 Keppel Singmarine lands $52 million contracts to build an anchor handling tug vessel and provide technical services for a newbuild liftboat.

CNOOC Finds Gas at Lingshui 25-1 Deepwater Well in South China Sea
Wednesday, January 07, 2015 CNOOC finds gas at Lingshui 25-1 deepwater exploration well in Qiongdongnan Basin in the South China Sea.

CGG Completes Processing a Multi-Client Seismic Survey in East Indonesia
Wednesday, January 07, 2015 CGG completes processing a multi-client seismic survey in east Indonesia.

Carnarvon Updates on Final Drilling Campaign at its Concessions in Thailand
Wednesday, January 07, 2015 Carnarvon Petroleum provides update on the final drilling campaign for 2014 at its L44/43 and L33/43 concessions in Thailand.

MPA Says No More Oil Spill from Tanker-Bulk Carrier Collision Off Singapore
Wednesday, January 07, 2015 Singapore's Maritime and Port Authority receives no further reports of oil leakage from the Libyan-flagged tanker Alyarmouk after the latter collided with a bulk carrier offshore Singapore late last week.

Marco Polo Marine Clinches $46M OSV Contracts to Work in SEA, Australia
Tuesday, January 06, 2015 Marco Polo Marine clinches offshore support vessel contracts, valued at $46 million, for operations in Southeast Asia and Australia.

Alam Maritim, Vallianz Form JV Firm to Expand OSV Business in Malaysia
Tuesday, January 06, 2015 Alam Maritim and Vallianz Holdings set up a joint venture firm in Malaysia to grow their offshore support vessel business.

Greka Wins 30-Well Drilling Deal in China
Tuesday, January 06, 2015 Greka Drilling wins a contract worth $45 million to drill 30 wells in Shanzi Province, China, for Green Dragon Gas.

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