Offshore Asia News - page 162


Ichthys LNG one step closer

Feb 01, 2016

Audrey Raj speaks to Japanese gas giant INPEX about its US$34 billion Ichthys LNG development and the key components that make up the offshore production facilities of the project. The monoethylene…

Fighting for survival

Feb 01, 2016

So much for a happy new year! The first few weeks of 2016 have given no cause for cheer with crude falling a further 20%, more job losses, and further project delays or cancellations. Colin Welsh…

Currents and cold fronts

Feb 01, 2016

Jerry Lee looks at how to deal with deepwater drilling riser operation in high currents, typhoons and cold fronts offshore Japan. The drilling riser deployment from the Chikyu drillship. Image from Stress Engineering Services…

Lundin Malaysia begins drilling Maligan well

Jan 29, 2016

Lundin Malaysia commenced drilling of the Maligan exploration well in Block SB307/SB308, offshore East Malaysia. The Maligan prospect is in shallow water and lies to the north of a major producing field in offshore East Malaysia. The well will target hydrocarbons in Miocene aged sands…

Rystad: US$230 billion in projects delayed due to oil price

Jan 28, 2016

Schedule slippage is an ever-present reality for exploration and production (E&P) projects, especially for the more complex mega-projects, says Norwegian oilfield analysts Rystad. 'In addition to subsurface challenges, above-ground issues…

Otto to bail on the Philippines

Jan 28, 2016

Australia-based Otto Energy may leave the Philippines to focus on its North American assets, leaving joint venture partner Red Emperor Resources with an option to takeover more stake in SC 55. Map of SC 55…

Nylacast to open China facility

Jan 28, 2016

Leicester-based engineering polymer firm Nylacast is to open a new production facility in China following a £12 million (US$17.21 million) funding deal from Santander Corp. & Commercial.  Nylacast supplies high performance engineering polymers and finished components to the oil and gas…

CNOOC's Kenli 10-4 online

Jan 27, 2016

China’s CNOOC commenced production at the Kenli 10-4 oilfield, offshore China. The Kenli 10-4 oilfield is located in the South of Bohai at about 15m water depth. In addition to fully utilizing the existing facilities of Kenli 10-1 oilfield…

Ampelman supplies walk to walk in Malaysia

Jan 27, 2016

Dutch offshore access firm Ampelmann has won its first contract with Petra Resources, for end client Petronas, to supply offshore access services offshore Malaysia during the monsoon period. Stretching from October to February, the monsoon period is renowned for its harsh weather conditions…

ExxonMobil: Energy demand to increase by 25%

Jan 26, 2016

From 2014 to 2040, global energy demand will increase by 25% due to population growth and economic expansion, according to ExxonMobil’s 2016 edition of The Outlook for Energy. Energy demand. Graph from ExxonMobil…

Hess cuts E&P budget by 40%

Jan 26, 2016

Hess Corp.’s 2016 exploration and production capital and exploratory budget has been reduced 40% compared to 2015, with the bulk of it going to offshore production, developments, exploration, and appraisals. Tubular Bells in the Gulf of Mexico…

Lundin completes Bambazon well

Jan 25, 2016

Lundin Malaysia completed, and will plug and abandon the Bambazon exploration well in Block SB307/SB308, offshore East Malaysia. The well encountered approximately 15m of net logged reservoir pay with oil shows over three main reservoir…

Indian group buys PDi from Ceona administrators

Jan 25, 2016

Aberdeen headquartered engineering consultancy Project Development International (PDi), today announced it is under new ownership following an acquisition by Tattva International Holdings. Tattva International Holdings, based in Singapore…

Woodside spuds latest Myanmar probe

Jan 22, 2016

Woodside Energy and partner Daewoo International have started drilling their latest exploration well offshore Myanmar just weeks after announcing a gas discovery in the region. The latest well, the Thalin-1 well in Block AD-7, was spudded 20 January…

CNOOC sees drop in 2016 plan

Jan 19, 2016

Beijing-based China National Offshore Oil Corp. (CNOOC)’s 2016 business and development plan shows a slight reduction of about 5% when compared to 2015 due to continued challenges with low oil prices. Image of CNOOC's Golden Eagle…

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