East Asia ///

Enping 18-1 oil field starts production, CNOOC says

CNOOC’s Enping 18-1 oil field, which lies in the Pearl River Mouth basin of the South China Sea and has an average water depth of approximately 90 m, has commenced production.

Tap Oil completes drilling of appraisal well MNA-17 in the Northern Gulf of Thailand

Mubadala Petroleum, Operator of the Manora Oil Development joint venture, has advised that drilling of the MNA-17 well, in the Northern Gulf of Thailand, has now been completed.

GE Oil & Gas wins contract for third train at BP's Tangguh LNG facility

GE Oil & Gas has been awarded a contract to supply gas turbine-driven compressors for a third natural gas liquefaction train for the Tangguh expansion having provided the original equipment for Trains 1 and 2 when the plant was first established.

Ophir starts production from Indonesia’s Kerendan field

Ophir Energy, a UK-based independent, has commenced commercial production from Kerendan field in Indonesia.

CNOOC’s Weizhou 6-9/6-10 comprehensive adjustment project starts production

CNOOC’s Weizhou 6-9/6-10 comprehensive adjustment project has commenced production, the company said Monday.

OPEC giants are too sour for top oil buyer in coveted market

OPEC’s biggest producers are playing second fiddle to smaller suppliers in a coveted corner of the oil market.

World’s biggest crude buyers make cuts the oil giants won’t

As the world’s biggest crude producers stop short of taking action to address the global oversupply, output cuts by their largest customers are helping to mop up the glut.

BP signs second Chinese shale gas contract with CNPC

BP has signed a second production sharing contract (PSC) for shale gas exploration, development and production with China National Petroleum Corporation (CNPC).

Mystery of oil held on Chinese islands puzzles crude markets

BEIJING (Bloomberg) -- China’s got the world puzzling over its oil hoard. From underground caverns by the Yellow Sea to a scattering of islands in the Yangtze River delta, the government has been stockpiling crude for emergencies in a network of storage sites dotted around the country.

China’s biggest oil company aims for 50% natural gas by 2020

China’s biggest oil company wants natural gas to account for half its output by the end of the decade.

China oil giants unmoved by bull rally after worst earnings

After posting their worst-ever half-year results, two of China’s oil giants aren’t getting carried away by crude’s return to a bull market, forecasting a rocky path ahead.

Sparrows Group, SapuraKencana Petroleum to form partnership in Malaysia

Sparrows Group is set to expand its presence in the Asian Pacific market following the formation of a partnership between Sparrows Offshore Services Pte Ltd and SapuraKencana Technology Sdn Bhd, the latter being a wholly owned subsidiary of SapuraKencana Petroleum Berhad.

Petronas posts 96% quarterly profit decline on lower oil prices

Petroliam Nasional Bhd., Malaysia’s state oil company, said profit dropped 96% last quarter after it was hit by oil prices that remained sharply lower than a year earlier.

Drilling contract awarded to Frigstad Shekou drilling rig

A drilling contract has been awarded to the Frigstad Shekou, which is the first of two ultra deepwater semisubmersible drilling rigs, which were ordered by Frigstad Deepwater Ltd in December 2012.

GE Oil & Gas awarded field decommissioning contract for project offshore Indonesia

GE Oil & Gas subsidiary, PT. VetcoGray Indonesia, has been awarded a field decommissioning contract with Premier Oil Indonesia, to support the shutdown of four subsea wells in Anoa field, offshore Indonesia.

Husky, CNOOC resolve Liwan gas dispute by lowering prices

The end of a dispute over prices from an offshore Chinese energy project resolves an overhang on shares of Husky Energy Inc. and prospects for natural gas development in the Asian nation.

China’s biggest oil field posts 1st-half profit on cost cuts

China National Petroleum Corp. said its Changqing oil field, the country’s biggest crude and gas producer, rebounded from losses earlier this year to post a first-half profit amid reduced spending.

Sinopec cuts central China gas supply after pipeline fire

BEIJING (Bloomberg) -- China Petrochemical Corp. has shut some natural gas operations in central China after a landslide caused a pipeline fire Wednesday that killed two people.

KrisEnergy starts 3D survey in the Gulf of Thailand

The CGG Amadeus has commenced an 884 sq km 3D seismic acquisition program in the G10/48 contract area in the Gulf of Thailand, KrisEnergy said Tuesday. The program, which was awarded to CGG Services, is expected to last 41 days.

ShaleTech: Australia-China shales

Jim Redden, Contributing Editor

Despite state policies, tough economics stymie gas