Offshore Asia News - page 203


Philippines launches PECR5 bid round

Jul 25, 2014

The Philippines Department of Energy (DOE) launched the 5th Philippine Energy Contracting Round (PECR5) on 9 May 2014, and scheduled international roadshows in Texas (12-16 May 2014), Singapore (10-14 June 2014), and Turkey (14-17 September…

Turkey approves South Stream EIA

Jul 24, 2014

The Ministry of Environment and Urban Planning of Turkey approved the Environmental Impact Assessment (EIA) report for South Stream's offshore section in Turkey. The report contains the assessment of potential environmental impacts caused by the gas pipeline construction…

Financing secured for Ophir field

Jul 24, 2014

Australia-based Octanex and its joint venture partners have secured financing for the development of Ophir field, offshore Malaysia. A letter of offer was accepted for syndicated term loan facilities of up to nearly US$118.8 million for…

Cosco jackup delivered

Jul 24, 2014

Singapore's Cosco announced on 23 July that the Cosco (Nantong) Shipyard, delivered jackup Kai Xuan Yi Hao to an unamed Asian buyer. The jackup, which measures 66.71m in length of all and is 67.06m wide, can operate at water depths of…

Vung Tau Rig Services partnership established

Jul 23, 2014

Semco Maritime and PetroVietnam Marine Shipyard (PVMS) establish Vung Tau Rig Services in Vietnam to repair, refurbish and upgrade rigs. Semco Maritime and PVMS have worked together since 2012 and aim to offer high quality and cost efficient solutions…

Repsol eyes Talisman

Jul 23, 2014

Talisman Energy has confirmed that it has been approached by Spain's Repsol over 'various transactions.' Repsol has been reported to have been considering a bid for Canada-based Talisman, Bloomberg reported.  A statement from Talisman…

Octabuoy on the market

Jul 23, 2014

Singapore-based COSCO Corporation is looking for a buyer for ATP Oil & Gas (UK)’s Octabuoy facility.  COSCO’s Nantong yard ceased work on the project, a semisubmersible dry-tree production platform, which had been due to be used on ATP’s UK North Sea Cheviot field development…

Barge sinks, 3 dead

Jul 21, 2014

Singapore's Maritime and Port Authority (MPA) has said three people have died after a semisubmersible barge underdoing trials sank 2 nautical miles northeast of Sekupang, Batam, Indonesia, on Friday (18 July). The barge was the POSH MOGAMI…

POSH partners with Grupo Pegaso in Mexico

Jul 18, 2014

Singapore's PACC Offshore Services Holdings Pte. Ltd. (POSH), Asia’s largest operator of offshore supply vessels, announced yesterday that Mexican conglomerate Grupo Pegaso has signed an agreement for vessels with POSH joint ventures in Mexico…

Kongsberg secures Chinese contracts

Jul 18, 2014

Kongsberg Maritime’s ‘Full Picture’ solution has been selected by Chinese and Korean shipbuilders for 13 advanced newbuild offshore vessels with a total value of NOK330 million. Dalian Shipbuilding Industry Offshore Co. (DSIC), CIMC Raffles (CIMC)…

Wison-WorleyParsons eye Asian FLNG

Jul 17, 2014

Australia-head quartered WorleyParsons has agreed a memorandum of understanding (MOU) with Wison Offshore & Marine to jointly work on ship-shaped floating LNG (FLNG), FPSO and other similar offshore oil and gas projects, targeting Australasia…

Drilling optimization offshore Sarawak

Jul 16, 2014

The Doo Sung rig was contracted in and brought to Shell standards to deliver the campaign. Doo Sung is Korea’s only semi- submersible drilling unit, built in 1984 by Daewoo Shipbuilding Co., and owned by KNOC…

South China Sea oil find

Jul 16, 2014

China National Petroleum Corporation (CNPC) found hydrocarbons on the Zhongjannan exploration project, off the Paracel or Xisha Islands, in the South China, the firm announced.  Drilling, using the 2011-delivered, deepwater, HYSY-981…

Malaysia's Sumatec buying Kazakh company

Jul 15, 2014

Malaysia's Sumatec Resources Bhd plans to buy Kazakhstan's Borneo Energy Oil and Gas Ltd. for US$250million (RM800million) in cash and shares. Sumatec announced on 11 July 2014 that it had signed a framework agreement with Abu Talib Abdul Rahman and Dr…

Hyundai designs welding robot to build offshore facilities

Jul 14, 2014

Hyundai Heavy Industries Co. Ltd. (HHI), the world’s biggest shipbuilder and a leading offshore facilities contractor, announced that it has developed a new automatic welding process to build offshore facilities. The new hot-wire TIG…

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