East Asia ///

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.

DNV GL has opened an artificial intelligence research centre in Shanghai

DNV GL has opened an artificial intelligence research center in Shanghai as it seeks new solutions to enhance its audit, inspection and survey services.

CERA Week 2019 Day 2 - Leadership

During Day 2 of CERAWeek 2019, the leadership dialogue continued with Chevron Chairman of the Board and CEO Mike Wirth, who spoke to the crowd about Chevron’s goals in the Permian basin and Gulf of Mexico.

Conrad Petroleum gets approval for Mako development plan, offshore Indonesia

Conrad Petroleum Limited, the operator of Duyung PSC, announced that its development plan for the Mako gas field has been approved by Indonesia’s Ministry of Energy and Mineral Resources.

WoodMac: India commissions first east coast LNG terminal

India's first east coast regas project, Ennore LNG terminal, has been commissioned by Indian Oil Corporation (IOCL).

Asia remained top U.S. oil buyer in 2018 despite China trade row

Asia more than doubled its intake of American crude oil last year even as Beijing and Washington were embroiled in a bitter trade war.

China announces plan to form national oil and gas pipeline company

China announced it will form a national oil and pipeline company, the first public acknowledgment of the massive energy industry overhaul planned since at least 2014.

Crude advances as U.S., China close in on healing trade rift

Oil climbed as the U.S. and China were said to be near a settlement of a trade dispute that threatened to erode energy demand in the world’s largest economies.