Offshore Asia News - page 219


PetroVietnam enters new partnerships

Nov 26, 2013

PetroVietnam has signed new agreements with India's ONGC Videsh, and Russia's Rosneft. PetroVietnam's new memorandum of understanding with ONGC Videsh extends one previously signed in 2011. The MOU covers the joint exploration of hydrocarbons in Vietnam and India…

Fewer bidders for blocks offshore Myanmar

Nov 25, 2013

Twenty-one companies have dropped out of the final cycle of bidding in the Myanmar offshore license round, Reuters news service reported on Friday. The licensing round offers 30 offshore areas, including 11 shallow water blocks and 19 deepwater blocks…

Bien Dong topside loadout

Nov 19, 2013

Mammoet released this video detailing the load out of the Bien Dong topside, a 12,000 ton structure, destined for its home in the Nam Con Son basin offshore southern Vietnam.

Russians and DSME sign yard MOU

Nov 15, 2013

Rosneft, Gazprombank, Sovcomflot and Korean shipbuilding company Daewoo Shipbuilding & Marine Engineering Co. (DSME) have signed a Memorandum of Understanding on key terms of cooperation to establish shipbuilding and industrial cluster in the southern part of Primorskiy Krai (Russian Far East)…

Asian investor eyes Tanzanian gas

Nov 14, 2013

Natural gas from future multi-train LNG developments in Tanzania could now be destined for Asian markets. Singapore-based investor Pavilion Energy is to take a 20% in the joint venture partnership looking to develop natural gas finds in Blocks 1…

HitecVision takes stake in Energy Drilling

Nov 14, 2013

Norwegian private equity group HitecVision AS is to invest US$92.6million in Singapore-based Energy Drilling Pte Ltd.  The deal will see Hitecvision take a majority stake in the company and it will ensure delivery of Energy Drilling Pte…

Pipeline market to grow in Europe, Asia, and Africa

Nov 14, 2013

Since the turn of the millennium, global pipeline investment has undergone sustained and, in recent years, robust growth as a result of favorable market conditions and industry trends, including: the continued high levels of investment in offshore development…

SE Asia comes to LAGCOE

Nov 11, 2013

Laissez les bons temps rouler. Deep in the heart of Louisiana oil country, US representatives from two Asian trade organizations made the case for local investment at the 2013 Louisiana Gulf Coast Oil Exposition (LAGCOE), held in Lafayette…

First gas from Ruby field

Nov 08, 2013

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…

Global Briefs: November 2013

Nov 07, 2013

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 orders two accommodation units

Nov 07, 2013

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…

Transocean orders five new rigs

Nov 07, 2013

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, Chan partner on jackup

Nov 07, 2013

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…

Swiber offered S$256.2M for Kruez stake

Nov 06, 2013

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 appoints new Malaysia GM

Nov 01, 2013

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…

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