South Asia ///

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.

Companies in the news

Michele Cowart, World Oil

Norway’s largest and longest pipeline, laid by the vessel Saipem Castorone, has reached Johan Sverdrup field.

BHGE, McDermott, LTHE awarded contract for ONGC's largest deepwater project

Baker Hughes, a GE company, McDermott International, Inc. and L&T Hydrocarbon Engineering (LTHE), a subsidiary of Larsen & Toubro (NSE: LT), were awarded the subsea contract for India’s Oil & Natural Gas Corporation’s (ONGC) largest deepwater project, the development of block DWN-98/2 in the Krishna Godavari basin.

Total announces positive appraisal of A6 Block discovery, offshore Myanmar

Total announces a successful appraisal of the A6 Block, Shwe Yee Htun-2 discovery, offshore Myanmar, completing a major step towards confirming a commercial project. The well was drilled to a final depth of 4,820 m and encountered 40 m of net gas pay in a high-quality reservoir.

New products and services

Michele Cowart, World Oil

Weatherford International introduced its Rotaflex long-stroke pumping unit that improves artificial lift efficiency in deep, high-volume and high gas-to-liquids wells.

Regional Report: India

Michele Cowart, World Oil

Over the next 30 years, India is predicted to be one of the world’s fastest-growing economies.

ONGC $1.6-billion stake sale is said to face subsidy hurdle

India’s efforts to sell a $1.6-billion stake in Oil & Natural Gas Corp. (ONGC) has run into concerns that government policies on fuel pricing would weigh on the state-run explorer’s share price, according to people with knowledge of the situation.

Wavefront commences powerwave operations in India

Wavefront Technology Solutions Inc., the advanced IOR and EOR company, has commenced the previously announced powerwave well stimulation campaign in India.

Wood wins deepwater contract with Shell in the Philippines

Wood has secured a new, six-year contract with Shell to provide asset management services to the Malampaya deepwater gas-to-power project in the Philippines.

Vantage awarded annulus wash, cementing assurance in Malaysia

Vantage Oilfield Solutions Sdn Bhd (Vantage) has received a work order award from Petronas Carigali Sdn Bhd (Petronas Carigali) for the Provision of annulus wash and cementing assurance for Kepong-A field, Terengganu, Malaysia.

Cairn, Vedanta award EOR contract to BHGE for India's Rajasthan area

Baker Hughes, a GE company, has been awarded a development contract by Cairn Oil & Gas, Vedanta Limited to construct approx. 300 new wells and deploy a chemical EOR program aimed at increasing production from the Rajasthan area.

New products and services

Michele Cowart, World Oil

Plenty-brand screw and vane pumps from SPX Flow are engineered to pump heavy viscous fluids, and are ideal for forced lubrication of rotating machinery and fuel transfer processes.

U.S. oil sellers may look to India as tariff war with China escalates

American oil producers may find a new friend in India as they brace for a trade war with China that could curb U.S. shipments.

Law firm WFW advises OMV on €158 million disposal of Pakistani subsidiaries

Watson Farley & Williams (“WFW”) has advised OMV on the completion of its sale of two wholly-owned subsidiaries comprising its upstream exploration and production business in Pakistan (“OMV Pakistan”) to Dragon Prime Hong Kong Ltd., Hong Kong, for an agreed consideration of €158 million.

India has "Plan D" for Iran oil as Trump adds sanction pressure

One of Iran’s biggest oil buyers said it has enough alternative sources of crude to replace any supplies cut off by U.S. sanctions on the Persian Gulf state -- even if shipments stop completely.

India hunting for shorter LNG deals with import demand doubling

The good news for global natural gas exporters is that India’s largest utility is hunting for new supplies to import. The bad: It’s seeking shorter deals than have been traditional in the past.

State Department asks Asia to open energy trade in midst of tariff fight

A U.S. State Department official called on Asia’s energy sector to open its doors to outside competition, even as tensions between Washington and Beijing escalate.

Shell completes sale of stake in Thailand’s Bongkot field

Shell has announced that its affiliates, Shell Integrated Gas Thailand Pte Ltd. and Thai Energy Company Ltd., have completed the sale of their 22.2222% interest in Bongkot field and adjoining acreage offshore Thailand.

China and India want to buy more U.S. oil to counter OPEC

Two of Asia’s largest crude buyers are considering teaming up to buy U.S. supplies and counter OPEC’s dominance in the world’s biggest oil market.

ONGC moves 29 offshore rigs ahead of Indian monsoon season

The Oil and Natural Gas Corporation Limited (ONGC) has successfully moved 29 mobile offshore drilling rigs prior to the Indian monsoon season.