South 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.
In the world’s biggest oil market, buyers have better options than U.S. crude.
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 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 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 has discovered gas in the Latif South-1 exploration well in Pakistan’s Latif exploration license, the company said Monday.
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.
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.
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 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 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.
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.
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.
Katalyst Data Management has acquired the Perth-based oil and gas data management division of SpectrumData Pty Ltd.
Keppel FELS has secured a contract from Crystal Heights to build a high specification liftboat worth $85 million.
Speculators retreated from bullish oil bets at the fastest pace since 2012 on mounting concern that economic turmoil in Europe and Asia will prolong a supply glut.
BG India achieved first oil production from Mukta-B (MB), a four-legged wellhead unmanned platform in the offshore Bombay basin, on July 1.
Bibby Offshore’s Asian division, Bibby Offshore Singapore (BOS), has expanded its foothold in the Southeast Asian oil and gas sector by securing a series of contracts in the first half of 2015.
Billionaire Anil Agarwal’s move to merge his two Indian units will create a national natural resources group to compete with BHP Billiton Ltd. and Vale SA.
Aqualis Offshore, part of Aqualis ASA, has been reappointed by United India Insurance Company to provide marine warranty services to the Oil and Natural Gas Corporation Limited (ONGC) offshore India.