East Asia ///

Trading `God' says shale has oil prophets groping in dark

Andy Hall, the oil trader nicknamed “God” for his lucrative calls on crude, says the U.S. shale boom has made it far harder to predict global supplies.

Ampelmann inks two new contracts in Asia Pacific

Dutch multinational Ampelmann has secured two new contracts in the Asia Pacific region. Two A-type systems have made their way to India and Indonesia, respectively, and will enable both short- and long-term Walk to Work (W2W) operations.

Companies in the news

Michele Cowart, World Oil

Companies in the news

ADNOC awards China ZhenHua Oil a 4% interest in its onshore concession

The Abu Dhabi National Oil Company (ADNOC) has announced the 4% stake in its onshore concession, previously held by CEFC China Energy Company Limited (CEFC China), has been acquired by North Petroleum International Company Ltd, a subsidiary of China ZhenHua Oil Co. Ltd.

McDermott signs up Aqualis Offshore

Aqualis Offshore has entered into a master services agreement with McDermott Asia Pacific Sdn Bhd to provide engineering reviews and marine warranty services for the company’s offshore operations in the Asia Pacific region.

Oil jumps most since June on Saudi-Russian Pact, trade war truce

Oil surged the most in more than five months as Saudi Arabia and Russia extended a cooperation pact and U.S.-China trade tensions cooled. Unprecedented supply cuts in Canada also drove prices higher.

Rosneft and Chinese Hengli Group signed a cooperation agreement, that includes E&P projects

Rosneft Oil Company and Chinese Hengli Group signed a cooperation agreement as part of the first Russian-Chinese energy business forum. The document was signed by Igor Sechin, CEO, Rosneft Oil Company, and Chen Jianhua, president of Hengli Group.

i-Tech Services wins first contract under new vessel charter agreement

Following the signing of a long-term vessel charter agreement in the Asia Pacific region earlier this year, i-Tech Services’ MMA Pinnacle has secured its first inspection, repair and maintenance (IRM) contract with an integrated oil and gas services company, based in Malaysia.

China names oil & gas veteran to top energy post

China has named a leading business executive to its top energy post, eschewing a practice of appointing career politicians as the nation pushes through an overhaul of its massive energy sector.

Gazprom BoD reviews prospects of shale gas, LNG sectors

The Gazprom Board of Directors took note of the information about the prospects of the shale gas and liquefied natural gas (LNG) sectors around the world, as well as the opportunities and threats facing the company.

Gazprom and CNPC held the 14th JCC meeting

The 14th meeting of the Joint Coordinating Committee (JCC) of Gazprom and CNPC moderated by Vitaly Markelov, deputy chairman of the Gazprom management committee, and Hou Qijun, V.P., CNPC, took place in Guangzhou, People’s Republic of China.

Equinor is stepping up the LPG activity in South-East Asia

Equinor and Global Petro Storage (GPS) have entered into a long-term agreement for a terminal and storage for LPG (Liquified Petroleum Gas) volumes in Port Klang in Malaysia.

Unique Group and Innovo complete decommissioning project in the Middle East

Unique Group, one of the world’s leading integrated subsea and offshore solution providers, together with Innovo, an engineering, construction and equipment rental company, have successfully completed a multi-million dollar decommissioning contract for Italian global marine, oil and gas contractor, Saipem, on a key offshore platform in the Middle East region.

Empyrean Energy assesses China’s Pearl River Mouth basin prospects

Empyrean Energy is pleased to announce that Gaffney, Cline & Associates has completed its independent audit of the company’s oil-initially-in-place estimates over the Jade, Topaz and Pearl.

Amid Iranian oil waiver, U.S. - China talks divided before Trump-Xi meeting

The U.S. secretaries of state and defense met with their Chinese counterparts for an annual strategy session in Washington on Friday, with both sides highlighting deep differences on diplomacy and security weeks before Presidents Donald Trump and Xi Jinping plan to meet at a summit in Argentina.

Chevron names presidents of North America, Asia Pacific E&P

Chevron Corporation has named Steven W. Green as president of Chevron North America Exploration and Production, effective March 1, 2019.

JFE-CA and JFE-TC open new R&D lab in Houston

JFE Connections America and JFE Technical Center are pleased to announce the opening of our new research and development lab in North Houston, at 6415 N. Sam Houston Pkwy W., Houston, Texas 77086.

Service companies chase international boom as U.S. shale drilling moderates

The biggest providers of oilfield services are surfing a wave of international spending on the back of higher prices, but the good news is tempered by an activity slowdown in their own back yard.

ConocoPhillips announces $350-million divestiture in East Timor

ConocoPhillips has announced it has entered into an agreement to sell to the government of Timor-Leste its 30% interest in the Greater Sunrise fields.

G3 Exploration gets approval for development of Chengzhuang Block in China

G3 Exploration Ltd., an independent specialist in the exploration and development of coal bed methane gas (CBM) with roots in China and a focus on international expansion, has announced that the China National Development and Reform Commission (NDRC) has issued its final approval for the Overall Development Plan (ODP) on the Chengzhuang Block (GCZ).