South Asia ///

Wild Well enhances advanced well control capabilities in Asia-Pacific

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 revenue tumbles as oil rout overpowers output boost

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 in new gas discovery in Pakistan’s Latif Block

OMV has discovered gas in the Latif South-1 exploration well in Pakistan’s Latif exploration license, the company said Monday.

Cairn India said to target 18% Rajasthan oil output boost

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.

U.S. emerging as most attractive LNG supplier to Asian markets

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.

EMGS signs agreement with Directorate General of Hydrocarbons in India

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 said to cut pricing for all October crude to Asia

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 acquires Cameron's offshore rigs business

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.

CNOOC, Roc sign PSCs for South China Sea blocks

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.

Unsated by crude glut, Asian oil buyers size up Iran’s barrels

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 acquires SpectrumData’s seismic data management division in Asia-Pacific

Katalyst Data Management has acquired the Perth-based oil and gas data management division of SpectrumData Pty Ltd.

Keppel secures second liftboat order at $85 million

Keppel FELS has secured a contract from Crystal Heights to build a high specification liftboat worth $85 million.

Oil bulls’ will broken as roiled economies pose risk to growth

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 reports first oil from India’s Mukta-B platform

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 Singapore successfully delivers subsea projects to Asia Pacific

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 seeks BHP-style conglomerate in Vedanta deal

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 signs contract with ONGC

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.

IEA cuts natural gas growth outlook as Asian demand falters

Global natural gas use will rise at a slower pace than previously forecast amid lower-than-expected growth in Asian demand, said the International Energy Agency, cutting its outlook for a third consecutive year.

Amec Foster Wheeler awarded LNG contract in Timor-Leste

Amec Foster Wheeler has been awarded a pre-FEED (front-end engineering design) contract by the government of Timor-Leste for the proposed Beaço LNG plant.

Companies in the news

Steven McGinn, World Oil

Companies in the news