Offshore Asia News - page 114

 

Indonesia: Eni, SKK Migas Ink Exploration MoU

Jun 17, 2021

Italian oil and gas company Eni said Thursday it had signed an agreement with SKK Migas for cooperation on exploration activities in Indonesia. The memorandum of understanding defines the framework for further cooperation in the processing and…

China’s Guandong Province to Offer Subsidies to Offshore Wind Projects

Jun 16, 2021

China’s southern province of Guangdong, the country’s largest regional economy, plans to offer subsidies to offshore wind power projects, to boost lower-carbon investment and reduce emissions, an industry website reported on Tuesday.The subsidies…

JPMorgan to Exclude Petronas, Pertamina from EM ESG Index

Jun 16, 2021

Malaysian state-owned energy company Petronas and Indonesian counterpart Pertamina are on a watchlist for removal from JPMorgan’s ESG EMBI index, the bank said in a statement on Tuesday.JPMorgan said both oil majors 'are expected to exit the…

Miclyn Express Offshore Bags MTJDA Charters for Vessel Duo

Jun 15, 2021

Miclyn Express Offshore's Miclyn Emperor and Miclyn Empress have secured contracts to perform supply vessel operations at a gas field in the Malaysia-Thailand Joint Development Area (MTJDA) for 3 years and 2 years respectively. The two sister…

Uzma to Provide Chemicals for Bualuang Field Off Thailand

Jun 14, 2021

Malaysian oilfield services company Uzma has received a contract from Medco to provide chemical supply and services for the Bualuang field offshore Thailand.The contract, issued to Uzma’s subsidiary MMSVS, is for three years on a callout basis…

LNG Primed for Strong Growth on Asian Demand

Jun 11, 2021

Liquefied natural gas (LNG) prices are poised for more gains as gas-hungry China guzzles cargoes to feed a rebound in economic growth while the easing of coronavirus-induced restrictions restores industrial demand in India.Higher oil and coal…

Aker Solutions Manager Charged in Malaysia over False Documents

Jun 11, 2021

A Malaysian manager of Norway's largest oil services provider Aker Solutions was charged on Friday over allegations he submitted false documents in dealings with state-owned energy firm Petronas , according to a court charge-sheet.Ahmad Hatta Kamaruzzaman…

Aker Solutions Manager Questioned in Malaysia. 'Charges expected'

Jun 10, 2021

Norwegian oil services firm Aker Solutions said on Thursday one of its managers was being questioned by Malaysian authorities and three sources familiar with the case said they expected charges to be brought on Friday.Malaysia's Anti-Corruption…

Cambodia Unclear on Oil Plans as KrisEnergy Heads Towards Liquidation

Jun 10, 2021

Cambodia's government said on Thursday it had no immediate plan for maintaining oil production in the country, after its partner KrisEnergy announced it was headed to liquidation, just five months after extracting the country's first drop of oil…

Gastech 2021 to be Held in Dubai Instead of Singapore

Jun 08, 2021

Gastech, one of the world's largest exhibitions and conferences focused on gas and LNG will take place in Dubai, from 21-23 September 2021, instead of Singapore, as previously planned, event's organizers, dmg events, said Monday.The event will…

Eni to Tie Maha 2 Discovery to Jangkrik FPU

Jun 07, 2021

Italian oil and gas company Eni has said it has successfully drilled and tested the Maha 2 appraisal well offshore Indonesia, and will most likely tie it to the Jangkrik floating production unit.The well is located in West Ganal block offshore Kalimantan…

KrisEnergy Files for Liquidation as Apsara Field Fails to Deliver

Jun 04, 2021

KrisEnergy, an oil and gas company focused on Southeast Asia, said Friday it had filed a winding-up petition and that it would proceed to liquidation due to its inability to pay debts.KrisEnergy warned about this outcome back on March 31 when it said that the production from the Apsara field…

Transformative Deal: Hibiscus to Pay $212.5M for Repsol's Offshore Blocks in Vietnam and Malaysia

Jun 04, 2021

Malaysian oil and gas company Hibiscus Petroleum has confirmed it has agreed to buy Repsol’s interest in oil and gas assets in Malaysia and Vietnam for $212.5 million.The announcement comes after Repsol earlier this week announced the sale to Hibiscus…

McDermott Completes KG-D6 Satellite Cluster Work of India

Jun 04, 2021

McDermott International has this week said it has completed work on Reliance Industries Limited KG-D6 Satellite Cluster Project, off the east coast of India, dubbing the project a historic one, involving 'many firsts.''McDermott's work on the…

Petronas Speeds Up Field Development Planning with Schlumberger's Software

Jun 02, 2021

Oilfield services and technology company Schlumberger has announced an enterprise-scale deployment of advanced digital solutions for the Malaysian oil and gas giant Petronas, to speed up the oil firm's field development planning.According to Schlumberger…

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