South Asia ///

Tethys gets 15-year extension to Kyzyloi production contract

Tethys Petroleum’s wholly owned subsidiary, TethysAralGaz, has received permission from Kazakhstan' s Ministry of Energy to extend the Kyzyloi Gas Production Contract for another 15 years, from June 14, 2014, to Dec. 31, 2029.

Jereh completes China’s first shale gas liquefaction plant

YANTAI, China -- Jereh has successfully completed the construction of China’s first shale gas liquefaction plant in Sichuan, China, with a capacity of 2.47 MMcfd of LNG, the company has announced.

Keppel bags $212 million contract to build ice-class vessel

SINGAPORE -- Keppel Singmarine, a wholly-owned subsidiary of Keppel Offshore & Marine, has secured a contract from New Orient Marine, a subsidiary of Luxembourg-based Maritime Construction Services, for an ice-class multi-purpose vessel worth about $211.95 million (S$265 million).

Ezra bags $110 million contract from Jurong Shipyard for deepwater project in Brazil

SINGAPORE -- Ezra Holdings' wholly owned subsidiary London Marine Consultants (LMC), Ezra’s FPSO Turret Design outfit, has been awarded a contract by Sembcorp Marine’s subsidiary Jurong Shipyard of Singapore, to supply an external turret mooring system for the Libra field’s Extended Well Test (EWT) FPSO vessel.

Atwood Oceanics announces contract for Atwood Mako jackup

HOUSTON -- Atwood Oceanics has announced that one of its subsidiaries has entered into an agreement to provide drilling services with the jackup rig Atwood Mako.

Woodside inks LNG MoU with India's Adani Enterprises

AHMEDABAD, India -- Woodside has executed a Memorandum of Understanding (MoU) with Adani Enterprises Ltd. The MoU was signed at a ceremony in Gujarat, attended by senior company representatives and Australia’s Minister for Trade and Investment.

First oil

Pramod Kulkarni, World Oil

Damn the oil prices, full speed ahead

LNG from BG Group's QCLNG project heading to Singapore

LONDON (Bloomberg) -- The first tanker to ship LNG from BG Group Plc’s $20.4 billion project on Australia’s east coast is sailing to Singapore where it will dock Jan. 15. The Methane Rita Andrea, owned by the London-based company, is carrying a cargo that will help meet the annual 3 million metric tons of LNG that the Energy Market Authority, the regulator in the Asian city-state, agreed in 2008 to import over 10 years from BG.

CGG completes processing of multi-client survey in East Indonesia

PARIS -- CGG has completed processing of the Bade FALCON Airborne Gravity Gradiometer (AGG) multi-client survey it recently conducted within the Papua Foreland basin. CGG acquired over 28,000 sq km of FALCON AGG data over onshore PSC, JSA and open acreage in a highly underexplored region of West Papua along trend from multi-Tcf gas fields and recent oil discoveries in Papua New Guinea.

Keppel Singmarine secures contracts worth over $51.99 million

SINGAPORE -- Keppel Singmarine, a wholly-owned subsidiary of Keppel Offshore & Marine (Keppel O&M), has secured two contracts worth a total of about $51.99 million (S$65 million).

SacOil launches field development work at Lagia field in Egypt

GAUTENG, South Africa -- SacOil Holdings, through its subsidiary Mena International Petroleum (Mena) has announced the commencement of field development operations at its 100% owned Lagia oil field in Sinai, onshore Egypt.

CNOOC in deepwater South China Sea gas find

HONG KONG -- CNOOC has made a mid-to-large sized natural gas discovery in the South China Sea. The Lingshui 25-1 structure is located in the northeast of Ledong Sag in the Qiongdongnan basin of the South China Sea, with an average water depth of about 980 m.

Changqing Oilfield reached new high in oil and gas production

BEIJING, China -- By the end of 2014, Changqing Oilfield produced 25.04 million tons of crude and 38.15 Bcm of natural gas, totaling 55.45 million tons of oil equivalent, a net increase of 3.5 million tons of oil equivalent over the last year.

Crude oil trades near five and a half year low amid manufacturing weakness

LONDON and SEOUL (Bloomberg) -- Oil traded near its lowest closing price since middle of 2009 amid signs of manufacturing weakness in Europe and China.

Russia pumps most oil since Soviet Era as sanctions yet to bite

MOSCOW (Bloomberg) -- Russian oil production rose to a post-Soviet record last month, showing how pumping of the nation’s biggest source of revenue has so far been unaffected by U.S. and European sanctions or a price collapse for the commodity.

Keppel secures $705 million FLNG contract from Golar

SINGAPORE -- Keppel Shipyard, a wholly-owned subsidiary of Keppel Offshore & Marine, has secured a firm contract from Golar Gimi, a subsidiary of Golar LNG, to perform the conversion of a second Moss LNG carrier, the GIMI, into a FLNG vessel.

RigNet enters Kazakhstan through acquisition of Munaicom

HOUSTON -- RigNet has acquired Timas Munaicom, an oilfield communications company based in Almaty, Kazakhstan.

Pakistan Petroleum announces sixth discovery at Gambat South

KARACHI, Pakistan -- Pakistan Petroleum Limited, operator of the Gambat South Block with a 65% working interest (WI), along with its joint venture partners Government Holdings (Private) Limited and Asia Resources Oil Limited with 25% and 10% WI, respectively, has made another gas and condensate discovery at its exploration well Faiz X-1 located in District Sanghar, Sindh. This is the sixth discovery in the block.

Kuwait Energy announces second oil discovery in Block 9, Iraq

KUWAIT -- Kuwait Energy (70% and operator) and Dragon Oil (30%) has made its second oil discovery at Block 9, Iraq.

Otto Marine sells ATHS vessel for $100 million

SINGAPORE -- Otto Marine's shipyard division has sold an Anchor Handling Tug Supply vessel (AHTS) to a renowned unrelated third party for $100 million.