East Asia ///

Indonesia bets on $200-billion investment to boost energy output

Indonesia plans to overhaul its energy policy to attract investment of as much as $200 billion over the next decade as the former OPEC member seeks to reverse a decline in its crude oil production.

Pence hails $10 billion in Indonesia deals, from Exxon to GE

Vice President Mike Pence announced 11 major deals valued at more than $10 billion between U.S. and Indonesian companies, mostly in energy and defense.

Over 6 Bcm of hydrocarbons reportedly produced from Vietnam's Moc Tinh and Hai Thach fields since 2003

A working meeting between Alexey Miller, chairman of the Gazprom management committee, and Nguyen Vu Truong Son, CEO and member of the board of directors of Vietnam Oil and Gas Group (PetroVietnam), took place in Moscow on April 19th.

Huisman celebrates 10-year anniversary of Chinese production facility

Huisman, a lifting, drilling and subsea solutions company, celebrated the 10-year anniversary of its Chinese production facility, Huisman China, on April 17.

Brunei Shell Petroleum recognized for 50 years of service with Sikorsky helicopters

Sikorsky today recognized Brunei Shell Petroleum (BSP) for 50 years of continuous service with Sikorsky helicopters. The recognition event took place at the inaugural 2017 Rotorcraft Asia show. Sikorsky is a Lockheed Martin company.

CNOOC signs PSC with Husky Oil for Block 16/25 in South China Sea

CNOOC Limited has announced that its parent company, China National Offshore Oil Corporation (CNOOC), has signed production sharing contract (PSC) with Husky Oil Operations Limited for Block 16/25 in the South China Sea.

Gazprom builds 15 exploratory, development wells in Bangladesh in four years

A working meeting between Alexey Miller, chairman of the Gazprom Management Committee, and Abul Hassan Mahmood Ali, minister of foreign affairs of the People’s Republic of Bangladesh, took place in Moscow. The parties expressed their appreciation for the Company’s efforts in Bangladesh.

OriginClear announces pilot program for Sinopec shale gas site in China

OriginClear Inc. has announced it is entering into a partnership with a regional organization in the Chinese province of Shandong for remediation of a shale gas site operated by the government-owned Sinopec Group, Asia's largest oil and gas company.

China opens delayed Myanmar pipeline for faster MENA oil

A crude pipeline to southwestern China through its neighbor Myanmar began operations after years of delays, allowing the world’s second-biggest oil user to receive supplies faster from the Middle East and Africa.

Hansa Heavy Lift transports subsea equipment for offshore gas fields in Indonesia

Hansa Heavy Lift has successfully transported two dozen reels, as well as a range of subsea equipment for the Jangkrik Complex Project, off the coast of Indonesia.

Old guard calls foul on sweeter LNG deals luring new buyers

Buyers in the world’s largest liquefied natural gas markets are concerned upstarts are winning better deals than traditional customers who helped underwrite the industry.

China binging on African oil like never before after OPEC cuts

China is set to import record amounts of crude oil from West Africa this month as OPEC’s supply cuts pave the way for other nations to gain a greater foothold in the fast-growing Asian market.

China surpasses Canada as top U.S. crude buyer amid record sales

China became the biggest buyer of U.S. crude in February, surpassing Canada, at a time when OPEC is cutting back output.

Nido Petroleum reports mobilization of Deepsea Metro I drillship

Nido Petroleum Limited, on behalf of the Galoc JV partners, has advised that the drillship Deepsea Metro I has commenced mobilization from Labuan, Malaysia, to the Galoc-7/7ST well location in Block C1 of Service Contract 14, offshore the Republic of the Philippines.

China's Sinopec invited to invest in Saudi Aramco IPO

China Petroleum & Chemical Corp. said it was invited to invest in Saudi Arabian Oil Co. as part of what could be the world’s biggest-ever initial public offering.

Global gas market battered by glut gets eager buyer in Thailand

Thailand has a message for embattled global LNG sellers: It’s going on a shopping spree.

Cnooc rises as crude reserves boost investor appeal

Cnooc Ltd.’s wider disclosure about its reserve base and a higher-than-expected dividend is turning more analysts positive on the company. Shares jumped the most in almost four months.

Smart Driller Indicator wins CIPPE 2017 Gold Award

For CIPPE 2017 Gold Award, the review committee consists of Chinese academy of sciences and Chinese academy of engineering academicians, and authoritative experts from CNPC, Sinopec and CNOOC. With strict evaluation for innovative products and technologies from well-known drilling companies, the committee has selected the Smart Driller Indicator (SDI), developed by Strategy and Planning Institute from CNPC DR, as the final winner, due to its unique innovation and superior drilling performance in the intelligent drilling field.

CGG completes processing of Carabao regional study in Philippines

CGG announced today that the final geoscience data for its Carabao multi-client study, acquired offshore the Philippines, are now ready for delivery. The study integrates over 8,500 km of new broadband prestack time-migrated 2D BroadSeis data and complementary marine gravity and magnetic data acquired with the seismic.

Jadestone Energy acquires Ogan Komering PSC

Jadestone Energy acquires Ogan Komering PSC