South Asia ///
Lamprell has announced the completion of construction on a further jackup rig, the Greatdrill Chaaru, and its delivery to Greatship Global Energy Services Pte. Ltd.
Slumping energy prices are crimping the ability of suppliers to finance new export terminals, giving small, highly-focused efforts the edge over the megaprojects the industry has favored for years.
Indian police said a dozen people have been arrested as they probe more oil company employees in a case involving the alleged sale of stolen government files.
NEW DELHI (Bloomberg) -- Police in India’s capital arrested five people for the alleged sale of stolen Oil Ministry documents to energy and consulting companies, in a night-time sting operation targeting crime close to the heart of government.
SINGAPORE -- Swiber Holdings has secured its second largest contract win in the group’s corporate history - an Engineering, Procurement, Construction, Installation and Commissioning (EPCIC) contract worth approximately $310 million from a national oil company in South Asia.
Bibby Offshore Singapore has secured a contract with subsea service provider Seascape.
The fall in oil prices has set the tone for a challenging 2015, says Wood Mackenzie, which will affect E&P activity across Asia Pacific’s (APAC) entire upstream sector.
HOUSTON -- The oil and gas industry’s leading magazine for upstream technology and activity, World Oil, forecasts a sharp drop in drilling, both in the U.S. and internationally, as a direct result of plunging crude oil prices. In its 89th annual forecast and review, World Oil predicts an average WTI oil price of $55.75/barrel (bbl), while Brent will be $58.80/bbl. A Henry Hub natural gas price of $3.35/MMBtu is expected.
Tethys Petroleum’s wholly owned subsidiary, TethysAralGaz, has received permission from Kazakhstan' s Ministry of Energy to extend the Kyzyloi Gas Production Contract for another 15 years, from June 14, 2014, to Dec. 31, 2029.
YANTAI, China -- Jereh has successfully completed the construction of China’s first shale gas liquefaction plant in Sichuan, China, with a capacity of 2.47 MMcfd of LNG, the company has announced.
SINGAPORE -- Keppel Singmarine, a wholly-owned subsidiary of Keppel Offshore & Marine, has secured a contract from New Orient Marine, a subsidiary of Luxembourg-based Maritime Construction Services, for an ice-class multi-purpose vessel worth about $211.95 million (S$265 million).
SINGAPORE -- Ezra Holdings' wholly owned subsidiary London Marine Consultants (LMC), Ezra’s FPSO Turret Design outfit, has been awarded a contract by Sembcorp Marine’s subsidiary Jurong Shipyard of Singapore, to supply an external turret mooring system for the Libra field’s Extended Well Test (EWT) FPSO vessel.
HOUSTON -- Atwood Oceanics has announced that one of its subsidiaries has entered into an agreement to provide drilling services with the jackup rig Atwood Mako.
AHMEDABAD, India -- Woodside has executed a Memorandum of Understanding (MoU) with Adani Enterprises Ltd. The MoU was signed at a ceremony in Gujarat, attended by senior company representatives and Australia’s Minister for Trade and Investment.
Pramod Kulkarni, World Oil
Damn the oil prices, full speed ahead
LONDON (Bloomberg) -- The first tanker to ship LNG from BG Group Plc’s $20.4 billion project on Australia’s east coast is sailing to Singapore where it will dock Jan. 15. The Methane Rita Andrea, owned by the London-based company, is carrying a cargo that will help meet the annual 3 million metric tons of LNG that the Energy Market Authority, the regulator in the Asian city-state, agreed in 2008 to import over 10 years from BG.
PARIS -- CGG has completed processing of the Bade FALCON Airborne Gravity Gradiometer (AGG) multi-client survey it recently conducted within the Papua Foreland basin. CGG acquired over 28,000 sq km of FALCON AGG data over onshore PSC, JSA and open acreage in a highly underexplored region of West Papua along trend from multi-Tcf gas fields and recent oil discoveries in Papua New Guinea.
SINGAPORE -- Keppel Singmarine, a wholly-owned subsidiary of Keppel Offshore & Marine (Keppel O&M), has secured two contracts worth a total of about $51.99 million (S$65 million).
GAUTENG, South Africa -- SacOil Holdings, through its subsidiary Mena International Petroleum (Mena) has announced the commencement of field development operations at its 100% owned Lagia oil field in Sinai, onshore Egypt.
HONG KONG -- CNOOC has made a mid-to-large sized natural gas discovery in the South China Sea. The Lingshui 25-1 structure is located in the northeast of Ledong Sag in the Qiongdongnan basin of the South China Sea, with an average water depth of about 980 m.