South Asia ///

LNG fights a losing battle in India as taxes weigh on demand

A province governed by India’s Prime Minister Narendra Modi for 13 years is impeding his plans to promote clean energy.

JDR wins major umbilical contract for India's western offshore project

JDR, a supplier of subsea umbilicals and power cables to the global offshore energy industry, has been awarded a major steel tube umbilical contract by Cameron Ltd, on behalf of operator ONGC, for the 11 wells of western offshore project.

India taps newcomers to unlock $7-billion oil and gas assets

India approved awarding rights for 31 small discovered oil and gas fields in its first auction in six years, entrusting most of these to new entrants as it seeks to boost local production.

Fugro acquires REM Etive IRM support vessel to service Southeast Asia contracts

Fugro has secured its continued utilization of high performance offshore IRM vessel, REM Etive, and has finalized a purchase agreement at conditions significantly more beneficial than a renewed charter agreement, with owner Solstad.

ICON Engineering and ENRA Group form JV for Asian wellhead platforms, marginal facility developments

ICON Engineering Pty Ltd, headquartered in Perth, and Malaysian-based ENRA Group Berhad have announced the formation of a jointly owned incorporated Joint Venture, ENRA ICON Sdn Bhd, based in Kuala Lumpur, to target undeveloped Asian oil and gas fields using ICON’s range of minimal facility, wellhead platforms and self-installing production facilities.

Singapore said to plan series of incentives to lure Aramco IPO

Singapore is considering a range of measures to lure a listing from energy giant Saudi Arabian Oil Co., according to people familiar with the matter, as global exchanges compete for a slice of what could be the world’s largest-ever initial public offering.

India plans merger of state-run firms to create oil giant

India is planning to create a state-owned oil giant through mergers to match the might of international companies and billionaire Mukesh Ambani’s Reliance Industries Ltd.

West African oil floods to Asia in latest sign of OPEC’s impact

West African oil producers will next month send the most crude to Asia in at least five years, the latest sign of how refineries in the world’s biggest demand region are scouring the world to replace supplies cut by OPEC’s Middle East producers.

Proserv secures new contracts, establishes new bases

Proserv has already secured new contracts worth more than $12 million so far this year and has revealed plans for further international growth with new bases in Saudi Arabia and India.

India’s top oil producer spends $1.2 billion to buy gas block

India’s biggest oil and gas producer will pay as much as $1.2 billion to buy a majority stake in a gas field off the country’s east coast, aiming to boost production as the country seeks to cut energy imports.

CGG/Sercel sells four 508XT acquisition systems to Indian seismic companies

CGG announced that its equipment business, Sercel, has delivered four of its new-generation 508XT land acquisition systems to two seismic companies recently awarded survey work in India by ONGC and Oil India, as part of a new national seismic program commissioned by the Indian government.

Shell starts oil production from Malikai deepwater platform in Malaysia

Shell has started oil production from the Malikai tension leg platform (TLP), located 100-km off the coast of the Malaysian state of Sabah. Located in waters up to 500 m deep, Malikai is Shell’s second deepwater project in Malaysia, following the successful start-up of the Gumusut-Kakap platform in 2014. Malikai is expected to have a peak production of 60,000 bopd. As the company’s first TLP in the country, Malikai is an example of the strength of Shell’s global deepwater business, applying TLP expertise from decades of operations in the U.S. GOM.

Low oil prices create a $1-billion business killing aging fields

Low crude prices that have been hammering oilfield service companies for the past two years might be ready to give a little back.

Realtor turns oil producer as India eyes domestic production boost

A drugmaker, a real estate developer and an edible oil company are among firms answering India’s call to tap undeveloped oil fields and become the newest explorers in the world’s fastest-growing energy consumer.

Oil India Limited signs MOU with University of Houston to increase production

Oil India Limited (OIL), an upstream oil and gas public sector utility, has entered into a Memorandum of Understanding (MOU) with the University of Houston (UH), with the intent of augmenting its reserves base and maximizing recovery from its aging oilfields.

ONGC, United Energy said to vie for $2-billion Chevron asset

Oil & Natural Gas Corp., the largest Indian oil and gas explorer, and Hong Kong-listed United Energy Group Ltd. are among bidders for Bangladesh natural gas assets being sold by Chevron Corp., people with knowledge of the matter said.

Chevron said to seek $2 billion in sale of Bangladesh assets

Chevron Corp., the U.S. oil producer divesting assets to counter an energy-price slump, is seeking about $2 billion from a sale of natural gas assets in Bangladesh, according to people familiar with the matter.

Scots university to propose skills training framework for India’s subsea sector

Robert Gordon University (RGU) has been awarded funding from the UK government to establish a sustainable training framework for the Indian energy sector with a focus on accelerating subsea skills development.

Expro awarded $30-million production contract in India

Expro has been awarded a contract worth over $30 million with the Hindustan Oil Exploration Company (HOEC) for Dirok gas field in India.

ONGC’s profit falls 21% as oil prices slump, output drops

Oil & Natural Gas Corp.’s (ONGC) quarterly profit declined 21% as oil prices slumped and output fell.