South Asia
News
December 17, 2014
SINGAPORE -- Nordic Maritime Pte. Ltd., an offshore service operator, has been awarded a contract to provide 2D seismic survey work in Indonesia by MultiClient Geophysical (Pte) Ltd.
News
December 17, 2014
KUALA LUMPUR -- 2H Offshore will deliver a lightweight conductor-supported platform for EQ Petroleum Developments Malaysia, a subsidiary of EnQuest, for installation in the Tanjong Baram field, offshore Malaysia.
News
December 16, 2014
SYDNEY (Bloomberg) -- Strategic stockpiling will drive China’s crude demand as the world’s second-largest oil consumer takes advantage of the lowest prices in more than five years, according to Macquarie Group Ltd. More than half of the country’s incremental oil demand over the next two years will be related to building emergency reserves, Macquarie said in a report distributed Dec. 16.
News
December 15, 2014
SINGAPORE -- Vallianz Holdings has secured a time charter award worth $97 million with one of the world’s largest national oil companies in the Middle East (NOC).
News
December 15, 2014
SINGAPORE -- Swiber Holdings has made its first foray into the offshore oil and gas market in West Africa by securing an award from a Houston-based oil and gas company to provide Engineering, Procurement, Construction, Installation and Commissioning (EPCIC) services for an offshore field development project.
News
December 15, 2014
KUALA LUMPUR, Malaysia -- Bumi Armada Berhad has announced that its wholly-owned subsidiary Bumi Armada Offshore, together with its JV company PT Armada Gema Nusantara, has been awarded a contract to supply one FPSO for the Madura BD field, issued by Husky CNOOC Madura.
News
December 12, 2014
LONDON (Bloomberg) -- The number of supertankers sailing to China jumped to a record in ship-tracking data amid signs that the oil-price crash is spurring the Asian nation to stockpile.
News
December 12, 2014
ABERDEEN, United Kingdom -- Bibby Offshore has appointed Pete Hughes as Interim Managing Director, Asia Pacific, effective immediately. Hughes currently serves as Bibby Offshore’s Strategic Delivery Director and takes over the role from Darren Morgan who has left to pursue opportunities outside the group.
News
December 12, 2014
SINGAPORE -- InterOil Corporation has made a discovery at the Bobcat-1 exploration well in PPL476.
News
December 11, 2014
BAGHDAD, Iraq (Bloomberg) -- Iraq said its decision to deepen the discount for January sales of its main crude to Asia provides no support for claims that producers are waging a price war. Pricing for next month’s shipments of the Basrah Light grade to Asia is “based on the market structure for both oil products and crude oil,” Iraq’s Oil Marketing Co. said Dec. 11 in an emailed statement. “The widened contango in crude oil prices in Asia was the major reason behind the cut.”
News
December 10, 2014
CORNWALL, United Kingdom -- LM Handling, an Acteon company, has provided handling expertise and equipment to support Acteon sister company, InterMoor, in the successful mooring installation of a FPSO unit for the China National Offshore Oil Corporation (CNOOC) operated Enping 24-2 oilfield in the South China Sea.
News
December 10, 2014
BUENOS AIRES, Argentina (Bloomberg) -- YPF SA and Petroliam Nasional Bhd., state-controlled companies from Argentina and Malaysia, signed a $550 million deal to drill fields at the world’s fourth-largest shale oil deposit in Patagonia’s Vaca Muerta.
News
December 10, 2014
HONG KONG -- CNOOC has signed three production sharing contracts (PSCs) with KUFPEC for Blocks 52/22, 52/26 and 63/13 located in the Yinggehai basin of the South China Sea.
News
December 09, 2014
ISTANBUL (Bloomberg) -- When President Vladimir Putin said last week he was ditching a $45 billion pipeline to Europe under the Black Sea, he put forward a Plan B. Russia would build a pipe to Turkey and then ship it overland to Greece and on to the rest of the continent.
News
December 08, 2014
TOKYO -- MODEC's FPSO Cidade de Mangaratiba MV24, located in the BM-S-11 block (Iracema Sul area) in the giant 'pre-salt' region of the Santos basin offshore Brazil, has achieved first oil production in the middle of October.
News
December 08, 2014
SINGAPORE -- Goldpetrol, a jointly controlled entity of Interra Resources, has commenced drilling development well CHK 1195 in the Chauk oil field in Myanmar.
News
December 04, 2014
KURDISTAN, Iraq (Bloomberg) -- The Iraq Oil Ministry’s production accord with the Kurdistan Regional Government hasn’t resolved their U.S. court fight over a tanker of crude that has lingered off the Texas coast since July, a person familiar with the matter said.
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.
