South Pacific ///

Woodside tumbles most in 16 months after Shell to sell stake

Woodside Petroleum Ltd. fell the most in 16 months after Europe’s biggest oil company, Royal Dutch Shell Plc, said it would offloaded its entire holding in the Australian liquefied natural gas producer for $2.7 billion.

Back-up cutters prevail in hard and abrasive rock

Seth Anderle, Brad Dunbar, Shilin Chen, Halliburton

A new backup cutter layout extends bit life without sacrificing rate of penetration.

Baker Hughes to provide support for Gulf of Papua project

Baker Hughes announced an it has signed an agreement with Twinza Oil to provide support on the Pasca A gas condensate field, offshore Papua New Guinea in the Gulf of Papua.

Proserv secures series of decommissioning contracts in Asia-Pacific

Energy services company Proserv has been awarded a series of contracts worth around $4 million for its well severance, platform and FPSO decommissioning services in the Asia-Pacific region.

The Philippines shortlists six countries for $2-billion LNG hub

The Philippines has shortlisted six countries and will choose one from them as a partner for its planned $2-billion receiving and distribution facility for imported LNG, an official from the state-run energy firm PNOC said on Thursday.

Ethos Energy awarded multi-million-dollar contract by Brunei Shell Petroleum

Ethos Energy has been awarded a multi-million-dollar, five-year maintenance service agreement by Brunei Shell Petroleum for the provision of engineers and improvement of compressor packages on the Champion 7 offshore platform in the South China Sea, off the coast of Brunei.

Philippine official says drilling for oil in disputed sea may resume this year

Drilling for oil and natural gas on the Reed Bank in the South China Sea may resume before the end of the year, a Philippine energy official said on Wednesday, as the government prepares to offer new blocks to investors in bidding in December.

Santos announces positive results from Muruk-1 exploration well in Papua New Guinea

Santos has announced further positive results from the Muruk-1 exploration well, being drilled in the Papua New Guinea Highlands.

Lundin Petroleum's international spinoff approved

In addition to shareholder approval, Lundin Petroleum received the regulatory consents and approvals to complete the internal reorganization of the Lundin Petroleum Group to spin-off its assets in Malaysia, France and the Netherlands into IPC. The reorganization was completed on April 7, 2017.

Nido Petroleum reports mobilization of Deepsea Metro I drillship

Nido Petroleum Limited, on behalf of the Galoc JV partners, has advised that the drillship Deepsea Metro I has commenced mobilization from Labuan, Malaysia, to the Galoc-7/7ST well location in Block C1 of Service Contract 14, offshore the Republic of the Philippines.

Saudi Arabia bulks up in Asia to boost appeal before IPO

Saudi Arabian Oil Co expanded its ownership of refineries and petrochemical plants in Indonesia and Malaysia with investments totaling $13 billion as it prepares for what may be the biggest ever initial public offering by bulking up its business in Asia, its largest market.

Oil Search weighs plans for further LNG expansion via possible Exxon, Total deal

On the jungle-covered hills of southern Papua New Guinea, 62-year-old geologist Peter Botten is seeking to engineer a $5-billion deal that would cement the country’s emerging status as one of the world’s most lucrative gas exporters.

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.

CNOOC commences production on Enping 23-1, South China Sea

China National Offshore Oil Corporation Limited announced that the Enping 23-1 oilfield has commenced production. The new field, located in the Pearl River Mouth basin of the South China Sea, is in an average water depth of approximately 90 m.

FUGRO wins five-year contract with INPEX in Australia

LEIDSCHENDAM, The Netherlands -- Fugro has been awarded a contract from INPEX Operations Australia for subsea services to be executed across the Ichthys facilities in the Timor Sea, located approximately 220 km from the coast of Western Australia.

Proserv, SapuraKencana join forces in Asia Pacific

Proserv and SapuraKencana Technology Sdn Bhd (SK Technology), a wholly owned subsidiary of SapuraKencana Petroleum Berhad, are joining forces to provide enhanced technology services to clients in Asia Pacific.

Shell said to weigh sale of over $1 billion Malaysia LNG stake

Royal Dutch Shell Plc is considering a sale of its stake in a Malaysian liquefied natural gas export plant, which could fetch more than $1 billion, people familiar with the matter said.

Katalyst Data Management opens new iGlass geotechnical support center

Katalyst Data Management has opened a new full service iGlass datacenter in Perth, to support oil and gas companies throughout the Asia-Pacific region with their operational and exploration programs.

OEG Offshore expands market with New Zealand partnership

OEG Offshore has appointed Kingston Catering & Providoring Co. Ltd. based in New Zealand, as local partner to expand and support customer operations in New Zealand.

Oil Search rejects Woodside’s $8-billion offer as too low

Oil Search Ltd. rejected Woodside Petroleum Ltd.’s $8 billion takeover bid, saying the proposal undervalues the company’s liquefied natural gas expansion plans in Papua New Guinea.