South Asia ///
India announced a third round of auctions in a year for oil and gas blocks under a more liberal policy, targeting to raise as much as $700 million in exploration investments as the country seeks to cut its reliance on imports.
A possible move by Donald Trump to hurt Venezuela’s oil industry could prove a shot in the arm for the Xi Jinping and Narendra Modi administrations.
CNOOC has announced that Huizhou 32-5 oilfield comprehensive adjustment/Huizhou 33-1 oilfield joint development project has commenced production.
The need to fill new and old gas infrastructure will see the drilling of exciting offshore prospects across Australia, Brunei, Malaysia, Myanmar, Pakistan and Papua New Guinea.
India’s oil demand growth in 2018 rebounded from the slowest pace in four years as the country recovered from the shock of a cash ban and the roll out of a national sales tax.
Michele Cowart, World Oil
ABB has been awarded an integrated automation, electrification and telecommunication project, valued at $79 million, for the upgrade of Bab onshore field in Abu Dhabi, by CPECC.
Halliburton Company has announced its board of directors has appointed Jeff Miller, the company’s president and CEO, as chairman of the board, effective Jan. 1, 2019.
A team of experts mobilized by Oil and Natural Gas Corporation (ONGC) brought cyclone hit semi-submersible rig Olinda Star back to normal.
Eni successfully drilled and tested the Merakes East prospect in East Sepinggan block, offshore Kalimantan, Indonesia.
Dutch multinational Ampelmann has secured two new contracts in the Asia Pacific region. Two A-type systems have made their way to India and Indonesia, respectively, and will enable both short- and long-term Walk to Work (W2W) operations.
Michele Cowart, World Oil
Companies in the news
Aqualis Offshore has entered into a master services agreement with McDermott Asia Pacific Sdn Bhd to provide engineering reviews and marine warranty services for the company’s offshore operations in the Asia Pacific region.
Oceaneering International, Inc. has announced that it has bolstered its expanding asset integrity business in Chandigarh, India with more capabilities.
Chevron Corporation has named Steven W. Green as president of Chevron North America Exploration and Production, effective March 1, 2019.
Global integrated subsea services business, Kreuz Subsea and consortium partner Seamec Ltd, have successfully completed the mobilization of the Kreuz Glorious vessel to commence a two-year project with India’s Oil & Natural Gas Corporation (ONGC).
At a time when production at traditional offshore assets on the west coast is set to decline over the next decade, the upcoming deepwater and ultra-deepwater projects in the Krishna-Godavari (KG) basin at the Bay of Bengal will play a crucial role in India’s move towards a natural gas-based economy.
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.
Michele Cowart, World Oil
Norway’s largest and longest pipeline, laid by the vessel Saipem Castorone, has reached Johan Sverdrup field.
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 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.