Offshore Asia News - page 170


Eni strikes gas at Merakes 2 off Indonesia

Jan 31, 2017

Italian giant Eni discovered pay at the first appraisal well of its Merakes discovery offshore Indonesia. Image from Eni. The company successfully drilled and tested the Merakes 2 well…

Wood Group inks Hess Malaysia contract

Jan 31, 2017

Wood Group has been awarded a five-year contract with Hess Exploration & Production Malaysia. The operations and maintenance contract is to support Hess’ newbuild fixed and floating offshore facilities in the North Malay Basin development…

DONG dives into first Taiwan offshore wind

Jan 27, 2017

DONG Energy has signed an agreement to acquire a 35% ownership interest in Taiwan's first commercial offshore wind farm from local developer Swancor Renewable. Formosa I comprises two phases. Phase I has a total capacity of 8MW and consists…

Hess takes Q4 loss, expects momentum

Jan 26, 2017

Hess Corp. posted a US$4.9 billion net loss in Q4, as the company moves forward to focus on its developments offshore Thailand and in the Gulf of Mexico, which are expected to contribute significant production and cash flow. The…

BP: Renewables to quadruple by 2035

Jan 25, 2017

BP is forecasting that renewables will become the fastest growing fuel source by 2035, nearly quadrupling over the next 20 years, according to the UK oil giant’s latest Energy Outlook. Image from BP…

Java Offshore gains Asian Geos stake

Jan 25, 2017

Java Offshore has gained a majority stake in Asian Geos Sdn Bhd, a specialist offshore geotechnical and geophysical service provider within the Asia Pacific market from both Gardline Geosciences and Helms Geomarine Sdn Bhd in a recent acquisition deal…

Nido to test Galoc in March

Jan 25, 2017

Nido Petroleum is set to drill its Galoc-7/7ST appraisal well in Block C1 SC 14 offshore the Philippines, starting in March.  The firm has agreed a one-well drilling contract for the Odfjell Drilling operated ultra deepwater drillship Deepsea Metro I for the work…

Ensco delays DS-10 drillship

Jan 24, 2017

Houston’s Ensco agreed to an amendment with Samsung Heavy Industries (SHI) for the ENSCO DS-10 drillship construction contract that will see the delivery extended again until 31 March 2019. Ensco said it may elect to take delivery of…

Saipem gears up for Jangkrik FPU installation

Jan 20, 2017

Italian contractor Saipem has inked a contract for use of Solstad Offshore's construction support vessel (CSV) Normand Installer as part of offshore installation works on the Jangkirk floating production unit (FPU) offshore Indonesia. The Jangkrik FPU is a part of Jangkrik Complex Project…

CNOOC to drill 126 wells in 2017

Jan 19, 2017

China’s CNOOC has revealed its 2017 business strategy and development plan that includes a total of five new projects set to come onstream, and a capex that could reach US$10.2 billion (RMB 70 billion). Image from CNOOC…

MISC starts Benchamas 2 conversion

Jan 18, 2017

MISC Berhad has started the conversion of floating storage, and offloading unit (FSO) Benchamas 2 in a ceremony at the MMHE West Yard, Pasir Gudang, Malaysia. FSO Benchamas 2 will be a conversion of the Bunga Kelana 5, previously operated by AET…

Höegh orders newbuilds from SHI, HHI

Jan 18, 2017

Höegh LNG has put in orders for several newbuild floating storage and regasification unit (FSRU) with two Asian shipyards, South Korea’s Samsung Heavy Industries (SHI), and Hyundai Heavy Industries (HHI). The deal with SHI includes one firm FSRU (FSRU #10)…

Enping 23-1 oilfields starts production

Jan 17, 2017

China's CNOOC started production at its Enping 23-1 oil fields, in the Pearl River Mouth Basin of the South China Sea. The oil fields have an average water depth of approximately 90m, in which CNOOC holds 100% interest. There are currently three wells producing approximately 5600 b/d…

NZOG takes more Cue stake

Jan 17, 2017

New Zealand Oil & Gas (NZOG) entered a deal to secure a 50.01% holding in its Australian subsidiary, Cue Energy Resources. “Our controlling interest in Cue provides diversified exposure to Cue's production and exploration interests in Australia…

Beibu Gulf hits production milestone

Jan 12, 2017

Production on 10 January 2017 from the Beibu Gulf fields, offshore China, reached a total of 13.9 MMbbl, according to Horizon Oil. Up until this point, the Block 22/12 participants have been paying a fixed operating tariff of US$4.75/bbl to China National Offshore Oil Corp…

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