East Asia ///

InterMoor wins mooring installation contract from COOEC

InterMoor, a leading provider of mooring services, foundation solutions and offshore installations in subsea services group Acteon, has signed a contract with COOEC, a subsidiary of China National Offshore Oil Corporation (CNOOC), to install deepwater mooring systems for the Liuhua 16-2 and Lingshui 17-2 floating production facilities in the South China Sea.

Frames to supply hydraulic control systems for Merakes field tie-back

Oil and gas process equipment supplier, Frames, has been awarded a contract to supply TechnipFMC with the hydraulic control systems for subsea wells and subsea isolation valves in Eni's Merakes field tie-back to the existing Jangkrik Floating Production Unit in offshore East Kalimantan, Indonesia.

DNV GL and Nanyang Technological University, Singapore support 3D printing through a four-year research agreement

Two new doctoral student (PhD) positions are being created through the Industrial Postgraduate Programme, supported by the Singapore Economic Development Board (EDB) and DNV GL. A further full time Research Fellow post is also being created at NTU’s Singapore Centre for 3D Printing.

API: Growing trade war with China could hurt U.S. LNG, consumers

API issued the following statement in response to China’s increase of the retaliatory tariffs on $60 billion worth of U.S. products, including U.S. LNG:

Korean Prime Minister visits 2019 Offshore Technology Conference

Korean Prime Minister Nak-yon Lee attended the 2019 Offshore Technology Conference (OTC) at NRG Park on Wednesday, 8 May, further emphasizing the global reach of the offshore energy industry.

Can a major war be won?

Trent Latshaw, Latshaw Drilling Company

The recent tightening of oil export sanctions by the Trump administration against Iran has caused me to do some thinking.

Trade war risks escalate following Trump tweets

Talks between the U.S. and China to resolve their year-long trade standoff appeared to be on life-support Monday, with Beijing struggling to respond to tweets by President Donald Trump that threaten an escalation of tariffs by the end of the week.

BMT secures new contract with Shell’s platforms offshore Malaysia

Sabah Shell Petroleum Company Ltd., a subsidiary of Royal Dutch Shell, has signed an offshore Master Service Agreement (MSA) with BMT.

There's an oil superstore at sea hoarding fuel for a gathering storm

The world’s biggest offshore oil supermarket is stocking up for anti-pollution rules that Goldman Sachs Group Inc. predicts will upend energy markets.

Petronas, Malaysia's oil giant, looks to Americas to increase oil reserves

Malaysia’s state-owned oil company is banking on the Americas to help raise reserves and maintain production rates as wells in its Southeast Asian home market continue their natural declines.

Keppel FloaTEC secures engineering services contract for production semi in China

Keppel FloaTEC LLC, a wholly-owned subsidiary, of Keppel Offshore & Marine has secured an engineering services contract from China’s Offshore Oil Engineering Company Ltd (COOEC), the main EPCI (engineering, procurement, construction, installation) contractor for the Lingshui 17-2 production semi-submersible (semi) to be built in China.

CNOOC China signs petroleum contract with PetroChina

CNOOC Limited has announced that its subsidiary, CNOOC China Limited, has signed a Petroleum Contract with PetroChina Company Limited for Beibu Gulf 23/29 Block and Beibu Gulf 24/11 Block.

CNPC overseas equity oil, gas output up 10% in first-quarter 2019

Overseas equity of oil and gas production of China National Petroleum Corporation (CNPC) rose 10% year over year in the first-quarter 2019.

Shipping American oil to China while avoiding American terminals, the case of the supertanker switcheroo

How can a supertanker, loading American oil without coming within a thousand miles of the Texas or Louisiana coast, avoid coming to the U.S.?

CNOOC signs a PSC with Smart Oil

CNOOC Limited has announced that its parent company, China National Offshore Oil Corporation (CNOOC), has signed a production sharing contract (PSC) with Smart Oil Investment Ltd. (Smart Oil) for Bohai 09/17 Block (contract area).

DNV GL confirms Samsung Heavy Industries' INTELLIMAN Ship software meets compliance standards

DNV GL has announced that Samsung Heavy Industries (SHI) INTELLIMAN Ship software complies with the EU-MRV and IMO-DCS regulations. DNV GL issued a factual statement confirming compliance in a ceremony at the SHI R&D Center in Daejeon, South Korea.

TechnipFMC awarded sizeable EPCI contract for Eni Merakes field, offshore Indonesia

TechnipFMC has been awarded a large integrated engineering, procurement, construction, transportation and installation (iEPCI) contract by Eni for the Merakes project, located offshore Balikpapan Indonesia, at a water depth of approximately 4,921 ft (1,500 m).

CNOOC reports 2018 reserves, production, profit increase

CNOOC Limited has announced its 2018 annual results for the year ended December 31, 2018.

North Korea bypassing sanctions with illicit oil, coal transfers

North Korea successfully evaded sanctions to import as much as seven-and-a-half times the allowed amount of refined petroleum last year, according to the U.S. government.

Murphy Oil signs $2.13-billion Malaysian divestiture deal

Murphy Oil Corporation has announced that a subsidiary has signed a sale and purchase agreement to divest the fully issued share capital of its two primary Malaysian subsidiaries, Murphy Sabah Oil Co., Ltd. and Murphy Sarawak Oil Co., Ltd.