East Asia ///

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 & 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.

Maersk semisubmersible awarded contract in Malaysia

The semisubmersible Maersk Deliverer has been awarded a contract in Southeast Asia by Total E&P Malaysia.

Gazprom, CNPC, KazMunayGas partner on natural gas infrastructure

Vitaly Markelov, deputy chairman of the Gazprom Management Committee, Huang Weihe, vice president of PetroChina (under a power of attorney on behalf of CNPC), and Daniyar Berlibayev, executive vice president for transportation, processing and marketing of KazMunayGas, today signed a Memorandum of Understanding at the 7th St. Petersburg International Gas Forum.

Maersk Drilling reactivates semisubmersible for Southeast Asian market

Semisubmersible Maersk Deliverer has been awarded a new contract by JX Nippon with an estimated duration of 30 days.

Shell, Kuwait's KUFPEC cancel share sale for two Shell subsidiaries in Thailand

Royal Dutch Shell announces today that its subsidiary, BG Asia Pacific Holdings Pte Limited, and KUFPEC Thailand Holdings Pte Limited, a subsidiary of Kuwait Foreign Petroleum Exploration Company (KUFPEC), have mutually agreed to cancel the sale & purchase agreement for the share sale of Shell Integrated Gas Thailand Pte. Limited (SIGT) and Thai Energy Co Limited (TEC).

Gazprom Neft, Thailand's PTT partner on Russian E&P operations

Gazprom Neft and PTT, Thailand’s largest oil and gas company, have signed a memorandum of understanding (MoU), promoting mutually-beneficial cooperation between the two companies. The document was signed by Alexander Dyukov, CEO of Gazprom Neft, and Tevin Vongvanich, president of PTT.

Saudi Aramco raises November light grade crude pricing for Asia to clear global glut

Saudi Arabia, the world’s largest crude exporter, raised pricing for November sales of its light oil grades to Asia for a third consecutive month as the biggest OPEC member cuts shipments to clear a global glut.

Sonoro Energy spuds LG-1 up-dip well in Indonesia

Sonoro Energy Ltd. has announced that drilling has begun at its LG-1 Up-dip appraisal well in Indonesia.

eDrilling, Petrovietnam University partner to drive digitalization in Vietnam

eDrilling, a provider of drilling and well performance solutions, and Petrovietnam University, the special public University with the mission to carry out high-quality research and training for the development of human resources of Vietnam National Oil and Gas Group (Petrovietnam), has signed a Memorandum of Understanding (MOU) for a long-term engagement to drive the digitalization of drilling operations in Vietnam.

Japan's Cosmo Oil Co. seeks Canada's ‘game-changer’ crude supply

After years of economic malaise spurred a wave of cutbacks, closures and mergers that reshaped the refining industry in the world’s fourth-biggest oil user, Japan’s Cosmo Oil Co. is reckoning with the aftermath.

APPEC '17: Oil traders turn bullish

When the who’s who of the oil trading industry gathered in Singapore last year for the annual Asia Pacific Petroleum Conference (APPEC), the talk was about a painful year ahead. Of the dozen or so senior oil traders canvassed, all but one expected prices to be capped at about $50/bbl.

China curbs oil product exports to North Korea, bans condensate

China slapped fresh sanctions on North Korea, curbing some oil product exports to the country, after U.S. President Donald Trump ordered new sanctions this week.

Trump orders sanctions on companies dealing with North Korea

President Donald Trump Thursday ordered new sanctions on individuals, companies and banks doing business with North Korea as the U.S. increases pressure on Pyongyang for its weapons programs.

CNOOC accelerates Green Dragon's asset development via supplementary agreements

Green Dragon Gas Ltd. has announced that it has finalized a memorandum of understanding (MOU) on five production sharing contracts (PSC) and two supplementary agreements with China United Coalbed Methane Corporation (CUCBM).

Petro Matad announces postponed drilling campaign in Mongolia, CEO search

Petro Matad, the AIM quoted Mongolian oil explorer has provided an operational update.

North Korea may copy Nazi Germany if total oil ban takes effect

As the U.S. and its allies look to impose even stricter measures against North Korea, leader Kim Jong Un could find inspiration from oppressive regimes of yesteryear in Nazi Germany and Apartheid-era South Africa.

Sonoro Energy reports arrival of drilling rig in West Sulawesi, Indonesia

Sonoro Energy has announced that the drilling rig from PT Advanced Services Indonesia (ASI) has mobilized from Balikpapan, sailed across the Makassar Strait, and is now moored and being unloaded in the Indonesian province of West Sulawesi.

Wood Group secures subsea contract supporting CNOOC in the South China Sea

Wood Group has been awarded a new contract by China National Offshore Oil Corporation (CNOOC) to support their Lingshui 17-2 gas development in the Qiongdongnan basin of the South China Sea.

Collaboration delivers LWD triple-combo breakthrough for ultra-high-temperature wells

Steven Wacher, Zach Crosby, Tommy L. Binford Jr., Weatherford

As exploration efforts go into deeper, hotter and more remote offshore basins, the need for more advanced downhole drilling and logging tools is palpable. Accordingly, a new LWD toolstring that provides real-time downhole data, while withstanding 410°F temperatures, has been developed and tested in the harsh Gulf of Thailand.