South Asia ///

Paradigm opens Seismic Center of Excellence in Mumbai

Paradigm has opened a Seismic Center of Excellence in Mumbai, India. The center, staffed by domain experts, will be dedicated to dealing with the challenges associated with the processing, imaging, interpreting and modeling of multi-line 2D seismic surveys.

Oil and gas in the capitals

Jeff Moore, Contributing Editor

An interview with KrisEnergy on the state of Southeast Asia’s E&P sector

Oilex starts gas production from India’s Bhandut field

Oilex Ltd has commenced gas production from Bhandut field, onshore Gujarat, India. The Bhandut-3 well is currently flowing at the expected stabilized rate of 0.70 MMscfgd (120 boed) through an 8/64 in. choke, the company said.

India is first Asian importer of U.S. shale gas

Gail India Ltd. bought the second shipment of liquefied natural gas from Cheniere Energy Inc.’s Sabine Pass plant in Louisiana in a deal that makes it the first Asian importer of U.S. shale gas.

India's flagship oil explorer doubles down against low prices

India’s state-owned oil explorer won’t let low crude prices clip its wings.

ONGC reports 15-year low in quarterly profit as oil slump takes a toll

Oil & Natural Gas Corp. reported the lowest quarterly profit in more than 15 years following the slump in crude prices.

India’s largest frac job nets seven-fold production increase in challenging recompletion

Shashank Pathak, Vishal Ranjan, Shobhit Tiwari, Cairn India Ltd.

An appraisal well in India’s KG Onshore Block—a JV between Cairn India Ltd. and ONGC—afforded key engineering and operational learning opportunities.

EMAS wins contracts worth $70 million in Middle East, Asia

Ezra Holdings’ Subsea Services division, EMAS AMC, has won subsea contracts worth nearly $70 million, including work with a new client in the Middle East.

U.S. oil is too good, too pricey and too far for Asia buyers

In the world’s biggest oil market, buyers have better options than U.S. crude.

Reversing declining production in ONGC’s Western Offshore fields

T. K. Sengupta, ONGC

ONGC has been engaged during the last 15 years in enhancing production from mature fields by placing big investments in redevelopment and rolling-redevelopments. Through a sustained effort, ONGC’s Western Offshore fields increased their production volume 14.6% during FY 2015, as compared to FY 2014.

Wild Well enhances advanced well control capabilities in Asia-Pacific

Wild Well Control Inc., a Superior Energy Services company and a global leader in well control, greatly enhances its presence in the Asia-Pacific region this month with the addition of vital, permanent personnel to offer advanced well control engineering capabilities at an unprecedented pace.

Cnooc revenue tumbles as oil rout overpowers output boost

Cnooc Ltd., China’s biggest offshore oil and gas producer, posted a 32% decline in third-quarter sales as slumping oil prices overwhelmed a boost in production and a cut in spending.

OMV in new gas discovery in Pakistan’s Latif Block

OMV has discovered gas in the Latif South-1 exploration well in Pakistan’s Latif exploration license, the company said Monday.

Cairn India said to target 18% Rajasthan oil output boost

Cairn India Ltd., the nation’s biggest onshore oil driller, is targeting an 18% increase in output from its wells in the northern state of Rajasthan in January as it revives older fields in its largest producing block, according to company and government officials.

U.S. emerging as most attractive LNG supplier to Asian markets

Recent reports by the International Energy Agency note that Canada will fail to have any LNG export projects up and running before 2020, paving the way for U.S. suppliers to dominate.

EMGS signs agreement with Directorate General of Hydrocarbons in India

Electromagnetic Geoservices ASA (EMGS) is pleased to announce that the company has signed a multi-client acquisition agreement with the Directorate General of Hydrocarbons (DGH) in India.

Iran said to cut pricing for all October crude to Asia

Iran cut pricing for all its oil grades for sale to Asia next month, according to two people with knowledge of the decision, trimming the premium on its main Light crude over the comparable Saudi blend to the narrowest since the end of 2012.

Keppel acquires Cameron's offshore rigs business

Keppel Offshore & Marine USA has completed acquisition of Cameron's offshore rigs business, which comprises the LETOURNEAU jackup rig designs, rig kit business, and aftermarket services for $100 million.

CNOOC, Roc sign PSCs for South China Sea blocks

China National Offshore Oil Corporation (CNOOC) has signed two production sharing contracts (PSCs) with Roc Oil (China) Company (ROC) for Blocks 16/07 and 03/33 in the South China Sea.

Unsated by crude glut, Asian oil buyers size up Iran’s barrels

Asian oil buyers, already sucking in barrels from as far away as Alaska and Mexico, are anticipating more bargains when Iran finally returns to world markets.