South Asia
News
December 04, 2014
KUALA LUMPUR (Bloomberg) -- Petroliam Nasional deferred a decision to build a liquefied natural gas terminal in Canada in the latest global investment setback from plunging oil prices.
News
December 03, 2014
HOUSTON -- 2H Offshore has invested in improved office facilities in Kuala Lumpur, Malaysia and Perth, Australia, to support ongoing growth in the Asia Pacific region.
News
December 02, 2014
TOKYO -- MODEC and its Brazilian partner Schahin Group have been awarded a contract for supply, charter, and operations of a FPSO vessel for the BM-C-36 block in the Campos basin by Petrobras.
News
December 02, 2014
HONG KONG -- CNOOC has commenced production at its Panyu 34-1/35-1/35-2 project located in the Pearl River Mouth basin of the South China Sea with the water depth in the range of 195 to 338 m.
News
December 01, 2014
SINGAPORE -- Marine Contracting has announced the successful move of the Cendor mobile offshore production unit (MOPU) from the Cendor field, offshore Malaysia, to Batam, Indonesia, for upgrade work en route to its eventual destination in the Wassana field in the Gulf of Thailand.
News
November 28, 2014
MOSCOW (Bloomberg) -- Lukoil's V.P., Leonid Fedun has said that the development of crude reserves on a significant scale won’t happen in his lifetime; it’s just too expensive.
News
November 28, 2014
MOSCOW (Bloomberg) -- Igor Sechin, Rosneft’s CEO and a long-time ally of Russian President Vladimir Putin, had spent $55 billion in 2013 to buy competitor TNK-BP and create a Russian oil colossus, pumping about 5% of the world’s crude.
News
November 25, 2014
SINGAPORE (Bloomberg) --- Enterprise Products Partners, which got U.S. approval to ship condensate overseas this year, is offering to export the lightly processed oil to Asia in 2015, according to three traders with knowledge of the matter.
News
November 25, 2014
ST. PETERSBURG, Russia -- Gazprom Neft has signed a number of agreements with Vietnamese companies aimed at developing cooperation between Russia and Vietnam. The documents were signed in the presence of Vladimir Putin and the General Secretary of the Communist Party of Vietnam, Nguyen Phu Trong.
News
November 25, 2014
KUALA LUMPUR, Malaysia -- As a part of a plan to restructure its business activities in Asia Pacific, Petroleum Geo-Services has decided to relocate its regional headquarters from Singapore to Kuala Lumpur. The move will result in consolidation and centralization of resources and lead to improved competitive advantage and reduced costs, all of which are important in the current challenging market.
News
November 24, 2014
HONG KONG -- CNOOC has announced that the Huizhou 25-8 oil field/Xijiang 24-3 oil field Xijiang 24-1 District Joint Development project has started production.
News
November 21, 2014
BEIJING (Bloomberg) -- China has sharply cut its output target for shale, signaling the country’s drilling boom is fizzling out before it even gets going. The nation has reduced its goal for the end of the decade to a third of an earlier estimate, as difficult geology, lack of infrastructure and limited exploration rights conspire against shale-gas ambitions. Big gas import deals, a lower oil price and China’s commitment to clean energy are also weighing on shale’s promise.
News
November 20, 2014
HONG KONG -- CNOOC has made a mid-sized new discovery of Lufeng14-4 well in the Eastern South China Sea.
News
November 19, 2014
SHANGHAI -- Fosun International's wholly owned subsidiary, Transcendent Resources, has closed the acquisition of Australia's Roc Oil Company (ROC), acquiring 92.6% of ROC’s outstanding share capital worth $380 million (AUD $439 million).
News
November 19, 2014
YANTAI, China -- CIMC Raffles has acquired a new order for its deepwater semisubmersible accommodation rig, the CR600, from C. Helios.
News
November 19, 2014
MOSCOW, Russia -- Rosneft Group and PDVSA have signed a long-term contract for supplies of oil and oil products of Venezuelan production.
News
November 18, 2014
TORONTO, Ontario -- ShawCor's Bredero Shaw pipe coating division has received a second contract with a value of approximately $200 million from BP Exploration (Shah Deniz) Limited for pipeline coating for the Shah Deniz Stage 2 development project. The contract is scheduled to be executed at the Caspian Pipe Coatings (CPC) plant in Baku.
News
November 18, 2014
PUNE, India -- Praj Industries, a global process solutions company, has won a $38 million (Rs.235 crore) order for oil and gas process skids for Petrobras in Brazil. QGIT, the main contractor for the Petrobras project in Brazil, has awarded the order for skids on Praj.
News
November 13, 2014
BEIJING -- Inspecting and maintaining sub-surface pipelines is always challenging. When the pipelines are located offshore in turbulent seas, the challenge increases exponentially. When the operation is carried out in the dead of winter in subzero temperatures, the task qualifies as, well, heroic.
News
November 13, 2014
REYKJAVIK, Iceland (Bloomberg) -- Norway, western Europe’s largest crude oil producer, says it welcomes China as a partner in efforts to develop Arctic energy resources. The Nordic country is doing business with China’s CNOOC Ltd. as it tries to find oil off Iceland’s shores. The Chinese company is also looking into exploring Norway’s eastern Barents Sea, an area where licenses will be awarded in 2016.
