WorldOil EMGS announces two multi-client surveys offshore Indonesia Electromagnetic Geoservices ASA (EMGS) has announced that it has received Letters of Intent for two contracts under which EMGS will perform prefunded multi-client acquisitions offshore Indonesia. Rising oil portends long pause as India prepares for rate review After long undershooting its predictions, data on Monday showed consumer prices rose the most in seven months. The pace may only accelerate due to rebounding global oil prices. Regional Report: India India’s growing population, urbanization countering efforts to reduce dependency on imports Oil turns from Modi's blessing to burden, threatening economy Narendra Modi’s first term as leader of the world’s fastest-growing oil market coincided with the biggest price crash in a generation. Crude’s rebound into a bull market is set to test the Indian Prime Minister as he gears up for re-election in 2019. TechnipFMC awarded subsea contract offshore Sabah, Malaysia TechnipFMC has been awarded a subsea contract by Murphy Sabah Oil for the Phase 1A Block H Gas Development Project. The project is located in offshore Sabah, Malaysia at a water depth of approximately 1,300 m. Indian oil demand to bounce back in 2018, says ESAI Energy India’s consumption of oil products will accelerate in 2018 after unusually slow growth in 2017, according to ESAI Energy’s newly published Asia Watch Products. KrisEnergy commits to Cambodia Apsara oil development KrisEnergy Ltd., an independent upstream oil and gas company, is pleased to announce it has made a final investment decision (FID) to proceed with the first phase of development for Apsara oil field, the first hydrocarbon development project in the Kingdom of Cambodia. China is about to do for global gas demand what it did for oil China is in a “golden age” for natural gas that will make it the world’s biggest user of the fuel sometime between 2040 and 2050, according to analysts at Sanford C. Bernstein and Co. Reservoir Link, Archer alliance yields contract award for ROC Oil in Southeast Asia Reservoir Link, the well intervention and perforating solutions provider, has been awarded a contract to deliver annulus wash and cementing assurance (AWCA) equipment and services with Archer, the global oilfield services company, to ROC Oil (Sarawak) Sdn Bhd (ROC Oil) in Southeast Asia. India can't drill solo to meet oil supply goals, Wood Mac says India needs overseas help to raise production from its aging oil fields and meet its goal of lowering crude imports by 2022, according to consultant Wood Mackenzie Ltd.