Offshore Asia News - page 155

 

India Plots Exploration Licensing Round

Jan 04, 2019

India will start auctioning for 14 oil and gas blocks in its second exploration licensing round on Monday, giving freedom to the companies to carve out areas they want to drill.The blocks together hold undiscovered reserves of about 14,995 million tonnes of oil equivalent…

Indonesia's Oil Output Rises

Jan 04, 2019

The Indonesian unit of Chevron Corp produced 209,400 barrels of oil per day (bpd) from the Rokan block in 2018, down from 223,000 bpd a year earlier, Dwi Soetjipto, chairman of upstream oil and gas regulator SKK Migas said.Exxon Mobil produced 209…

Ørsted Shelves Taiwan Projects

Jan 02, 2019

Danish energy group Orsted will put new major projects in Taiwan on hold after it failed to sign a power purchase agreement (PPA) for two offshore wind farm projects, the company said on Wednesday.Taiwan, which has made a big push to attract investments into renewable technology…

Medco Energi's Potential Deal with Ophir Seen as Diversification Play

Jan 02, 2019

Medco Energi Internasional Tbk PT would boost its valuations and gain access to international assets if its potential takeover of London-listed Ophir Energy occurs, analysts said on Wednesday.Medco confirmed this week that it was in talks with…

JERA Joins Taiwan, UK Offshore Wind Projects

Jan 02, 2019

Japanese energy group JERA joined  in the Formosa 1 offshore wind power project in Taiwan and Gunfleet Sands offshore wind power project in the U.K.JERA has entered into an agreement with Macquarie Capital and Swancor to acquire a combined 32…

Ophir Gets Takeover Interest from Medco Energi

Dec 31, 2018

Britain's Ophir Energy said on Monday it is in discussions for a possible all-cash takeover offer with a unit of Indonesia's Medco Energi Internasional Tbk PT.Ophir, an upstream oil and gas exploration and production company focused on Asia and Africa…

Indonesia Grants New Oil Blocks Contracts

Dec 27, 2018

Indonesia has announced the winner of its third bidding round that will operate oil and gas blocks in three locations, Deputy Energy Minister Arcandra Tahar, said on Thursday.The winners are Pearloil (Theralite) Ltd. for South Andaman block…

Polarcus Wins 4D Project in the Far East

Dec 24, 2018

Marine geophysical company Polarcus Limited announced Monday that its subsidiaries have entered into a memorandum of agreement with Sovcomflot GEO (SCF GEO), to provide 4D marine seismic acquisition services in the Far East for a major exploration and production company…

Husky Energy Cuts 2019 Capex

Dec 20, 2018

Canadian oil and gas producer Husky Energy Inc on Thursday cut its 2019 capital expenditure program by about 8 percent, or C$300 million, citing Alberta's mandatory curbs on output and lower oil prices.The company now expects 2019 capital expenditure of C$3…

Eni Makes Discovery Offshore Indonesia

Dec 19, 2018

Italian oil and gas company Eni has discovered more gas near the Merakes field offshore Indonesia.Eni said on Wednesday it successfully drilled a well in the East Sepinggan block offshore Kalimantan to a depth of 3,400 m MD in 1,592 m of water…

CNOOC Plans Exploration Spending Boost

Dec 18, 2018

China's CNOOC Ltd indicated a renewed commitment to oil and gas exploration on Tuesday as its chairman said it would raise spending to a record while signing strategic exploration agreements with nine firms for the South China Sea.The strategic…

Indonesia Approves Eni’s Merakes Project

Dec 18, 2018

Italian energy giant Eni announced that Indonesia has approved its investment plan for the Merakes project, located in the Kutei Basin, offshore East Kalimantan.Eni will now start work on developing the project, which will involve drilling and constructing subsea wells in water depths of 1…

Ampelmann Inks Two Contracts in Asia Pacific

Dec 13, 2018

Offshore access services provider Ampelmann said it has secured two new contracts in the Asia Pacific region. Two A-type motion compensated gangway systems have made their way to India and Indonesia, respectively, and will enable both short- and long-term walk-to-work (W2W) operations…

CNOOC Gas Supply Hits New Record

Dec 12, 2018

CNOOC Gas & Power, a unit of China National Offshore Oil Corp , said on Wednesday its daily supply of natural gas had surpassed 200 million cubic meters for the first time as temperatures in northern China plummet.CNOOC sent 205 million cubic meters of gas to the Chinese market on Dec…

UTEC Wins Survey Work Offshore India

Dec 11, 2018

Surveying company UTEC, part of subsea services group Acteon, said it has been awarded a subcontract by McDermott International for a series of survey work scopes offshore eastern India.The work, due to commence in December 2018, will see UTEC…

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