South Asia ///

India pitches bigger oil resource pie in bid to lure investments

India has increased the size of its oil and natural gas resources by 50% because of better data, according to the country’s oil regulator.

ONGC confirms six dead, one missing after chopper crash

Following an extensive search operation, jointly conducted by ONGC, Coast Guard and Indian Navy, six bodies including one of the two Pilots of ill-fated Pawan Hans Chopper have so far been recovered. The search is on for one more person who is still missing.

All 32 people aboard burning oil tanker presumed dead, Iran says

All 32 crew members on board an Iranian oil tanker that’s been burning for a week near China’s eastern coast are presumed dead, an Iranian official said.

Kreuz Subsea wins major contract in India

Kreuz Subsea, a leading global integrated subsea services business, has announced it has been awarded its most financially significant contract in the company’s history.

International Petroleum Corp. provides update of Canadian acquisition, Malaysia operations

International Petroleum Corp. has provided corporate updates on the previously announced acquisition in Canada and on activities in Malaysia.

Essar Oilfields commences drilling contract with Mercator Petroleum

Essar Oilfields Services (India) Limited (EOSIL) has announced that it has commenced a contract awarded by Mercator Petroleum to drill two firm oil wells, plus one optional oil well in the Cambay basin.

Top Indian oil explorer to buy—not drill—its way to output goal

India’s biggest oil explorer plans to snatch up producing assets to reach its goal of raising overseas output by more than half in about three years, a faster route than drilling for new reserves.

EMGS enters into prefunded multi-client contract in Indonesia

Reference is made to the stock exchange notification published by Electromagnetic Geoservices ASA (EMGS) on Nov. 16, 2017, wherein it was announced that EMGS had received Letters of Intent for two contracts under which EMGS will perform prefunded multi-client acquisitions offshore Indonesia.

Santos strengthens PNG growth with farm-in to Aure Fold Belt

Santos has announced it will acquire a 20% equity in the PPL 339 licence in Papua New Guinea via a farm-in agreement with Kina Petroleum Limited.

Eni's former Indian oil explorer targets 12-fold sales jump

Hindustan Oil Exploration Co. is rising from the ashes about a year after Italy’s Eni SpA sold its controlling stake.

GAIL said to receive Gazprom letter on LNG contract start

GAIL India Ltd. received notification from Russia’s Gazprom PJSC that it plans to start deliveries of liquefied natural gas through a contract the Indian buyer is trying to renegotiate, according to people with knowledge of the matter.

EMGS announces two multi-client surveys offshore Indonesia

Electromagnetic Geoservices ASA (EMGS) has announced that it has received Letters of Intent for two contracts under which EMGS will perform prefunded multi-client acquisitions offshore Indonesia.

Rising oil portends long pause as India prepares for rate review

After long undershooting its predictions, data on Monday showed consumer prices rose the most in seven months. The pace may only accelerate due to rebounding global oil prices.

Regional Report: India

Emily Querubin, World Oil

India’s growing population, urbanization countering efforts to reduce dependency on imports

Oil turns from Modi's blessing to burden, threatening economy

Narendra Modi’s first term as leader of the world’s fastest-growing oil market coincided with the biggest price crash in a generation. Crude’s rebound into a bull market is set to test the Indian Prime Minister as he gears up for re-election in 2019.

TechnipFMC awarded subsea contract offshore Sabah, Malaysia

TechnipFMC has been awarded a subsea contract by Murphy Sabah Oil for the Phase 1A Block H Gas Development Project. The project is located in offshore Sabah, Malaysia at a water depth of approximately 1,300 m.

Indian oil demand to bounce back in 2018, says ESAI Energy

India’s consumption of oil products will accelerate in 2018 after unusually slow growth in 2017, according to ESAI Energy’s newly published Asia Watch Products.

KrisEnergy commits to Cambodia Apsara oil development

KrisEnergy Ltd., an independent upstream oil and gas company, is pleased to announce it has made a final investment decision (FID) to proceed with the first phase of development for Apsara oil field, the first hydrocarbon development project in the Kingdom of Cambodia.

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.