Production at Indonesia’s Ruby field kicked off Oct. 27. The field has been in development since June 2011 and is expected to produce natural gas at a rate of 17,000boe/d. Located within the Sebuku Production Sharing Contract (PSC) 300km south of Balikpapan City…
Transboundary may head to committee The US Senate bill ratifying the US-Mexico Transboundary Hydrocarbon Agreement, S. 812, is reportedly on its way to a conference committee. The Senate’s version of the bill, passed last month (October)…
Prosafe has agreed a letter of intent (LoI) with COSCO (Qidong) Offshore Co. Ltd. for the engineering, procurement and construction of two semi-submersible accommodation vessels, with options for four further units. The vessels will be…
Keppel FELS Limited (Keppel FELS) has won a US$1.1 billioncontract from Transocean Ltd. (Transocean) to build five KFELS Super B Class jackup rigs. The rigs are scheduled to be delivered between Q1 2016 to Q3 2017. In addition, Transocean…
Viking Offshore & Marine will partner with Chan Kwan Bian (Chan) to construct a $180MM drilling jackup rig, marking Viking’s entrance into the rig building and rig charter market. Executive Director Daniel Lin said that with this agreement…
Singapore-based investment-holding company SEA9 Pte. Ltd. moved to acquire all the issued and paid-up ordinary shares in the capital of Kreuz for S$0.80 per ordinary shares in the capital of Kreuz. Swiber will receive a consideration of S$256…
Lundin Petroleum AB appointed Paul Atkinson as general manager for Malaysia and managing director for Lundin Petroleum's southeast Asia business. Atkinson is joining Lundin Petroleum from Talisman Energy, where he has held various senior managerial positions since 2001…
Ocean Power Technologies, Inc. has received a US$2.6 million contract from Mitsui Engineering & Shipbuilding Co., Ltd. The contract is to provide the final design and supply of key components of a PowerBuoy system intended for deployment…
China Oilfield Services Limited (COSL) has signed construction contracts for two jack-up drilling rigs and a semisubmersible drilling rig. The contracts are with Dalian Shipbuilding Industry Offshore Co., Ltd. (DSIC Offshore) and China Merchants Heavy Industry (Shenzhen) Co…
Two countries – Malaysia and Indonesia– hold nearly two-thirds of the region’s reserves, and national oil companies outstrip international oil companies in regional capex. According to the Infield Systems Offshore Asia Oil & Gas Market Report to 2017…
China’s CNOOC announced that the Suizhong 36-1 Phase II adjustment project has commenced production. The Suizhong 36-1 oil field is located in the south region of Liaodong Bay in Bohai in an average water depth of approximately 30m. Four…
The US-Russia Business Council (USRBC) held its 21st annual meeting on 29 October in Houston, Texas. Various panels discussed topics ranging from Russia’s global integration to its over-dependency on oil and gas to investment in the country…
Carigali Hess Operating Company Sdn. Bhd. awarded Allied Marine & Equipment Sdn. Bhd. (AME) a contract to provide subsea inspection to Carigali Hess’ facilities. AME is a subsidiary of Malaysia’s SapuraKencana Petroleum Berhad. Within the terms of the contract…
Thailand's PTT Exploration and Production Public Co. Ltd. (PTTEP) held a sail away ceremony for Zawtika Processing and Living Quarters Platform (ZPQ) on 5 October 2013 in Singapore. After the ceremony, the ZPQ sailed away from SMOE Pte. Ltd…
Husky Energy reported today in its Q3 results that it has commenced work offshore Taiwan. The company has started acquiring 2D seismic data, surveying a deepwater exploration block off the island's southwest coast, at the northern margin of the South China Sea…