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Regional News: Far East

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PetroChina Posts 5% Fall in Q1 Profit, Beats Forecast
Thursday, April 24, 2014 PetroChina reports a five-percent fall in first-quarter profit but beats forecasts.

Myanmar to Sign PSCs for Onshore Blocks Awarded in 2013 in Mid-May
Thursday, April 24, 2014 Myanmar expects to sign production sharing contracts awarded under onshore blocks bidding round 2013 in mid-May, a ministry official says.

China Pollution Watchdog Lifts Ban on New Sinopec, CNPC Projects
Wednesday, April 23, 2014 China's environmental authority lifts ban on new approvals for refining projects for the country's top two oil firms.

Sources: PetroChina Hikes Shale Gas Spending To More Than $1.6B
Friday, April 18, 2014 PetroChina plans to spend more than $1.6 billion on shale gas this year, sources with knowledge of the matter say.

Caterpillar to Power First Zentech R550D Jackup in China
Wednesday, April 16, 2014 Caterpillar Oil & Gas announces that the Cat C175 and Cat 3512 generator sets have been selected to power the first Zentech R550D jackup for Alliance Offshore in China.


Interra Drills CHK 1184, CHK 1185 Wells in Myanmar's Chauk Oil Field
Tuesday, April 15, 2014 Interra Resources commences drilling development wells CHK 1184 and CHK 1185 at the Chauk oil field in Myanmar.

Interra Spuds YNG 3268 Well in Yenangyaung Oil Field in Myanmar
Tuesday, April 08, 2014 Interra Resources commences drilling development well YNG 3268 in the Yenangyaung oil field in Myanmar.

S-Oil's Ulsan Refinery Reports Oil Leak; Run Unaffected
Friday, April 04, 2014 S-Oil Corp says 20,000 barrels of crude oil has leaked from a storage tank at its Onsan refinery at Ulsan, South Korea.

Interra Completes Drilling CHK 1182 Well in Chauk Oil Field in Myanmar
Wednesday, April 02, 2014 Interra Resources completes drilling CHK 1182 development well in the Chauk oil field in Myanmar.

Sinopec to Start Up Yuanba Sour Gas Field by End 2014
Monday, March 31, 2014 Sinopec plans to start pumping from the China's Yuanba sour gas field by the end of 2014.

CNOOC Posts Sharper-Than-Expected Fall In 2013 Earnings
Friday, March 28, 2014 CNOOC posts an 11.4% slide in its 2013 net profit, lagging analysts' forecasts, as it struggles to deliver production growth and control costs amid weakening crude prices.

Myanmar Awards Block M07 in Moattama Basin to Tap Oil and its JV Partners
Thursday, March 27, 2014 Tap Oil reports that it has been awarded shallow water Block M07 in the Moattama basin, offshore Myanmar by the Ministry of Energy in Myanmar.

Myanmar Expects Next Bidding Round for Offshore Blocks in 2015
Thursday, March 27, 2014 Myanmar expects the next bidding round for offshore oil and gas exploration blocks to take place at the earliest 12-18 months from now, a deputy energy minister says.

China's Sinopec Sale Points to Next Round of State Privatization
Thursday, March 27, 2014 China's recent decision to sell a stake in a subsidiary of state-owned Sinopec Corp signals more privatization will take place soon, according to experts.