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Oil and gas industry news from Asia

Lion given green light for unconventional hydrocarbon search in Indonesia

Submitted by Paddy Harris on 2nd March 2015
02nd March 2015
Lion Energy has received formal approval from the Directorate General of Oil and Gas (MIGAS) of the award of two separate unconventional joint studies over two highly prospective areas in Indonesia’s North and Central Sumatra Basins

Lion Energy has received formal approval from the Directorate General of Oil and Gas (MIGAS) of the award of two separate unconventional joint studies over two highly prospective areas in Indonesia’s North and Central Sumatra Basins

Vallianz sees doubled year-on-year growth as OSV charters soar in emerging markets

Submitted by Paddy Harris on 25th February 2015
25th February 2015
Vallianz Holdings has unveiled, what it describes as, a sterling set of results for the financial year ended 31 December 2014, with net profit doubled to USD 20.4m from USD 10.3m a year ago

Vallianz Holdings has unveiled, what it describes as, a sterling set of results for the financial year ended 31 December 2014, with net profit doubled to USD 20.4m from USD 10.3m a year ago

Gazprom sets out long-term supply strategy

Submitted by Editorial staff on 25th February 2015
25th February 2015
The Gazprom board of directors has approved the company’s strategy aimed at diversifying its export routes and increasing the Russian gas competitiveness

The Gazprom board of directors has approved the company’s strategy aimed at diversifying its export routes and increasing the Russian gas competitiveness

ExxonMobil-led PNG LNG Project begins loading of first custom-built LNG carrier

Submitted by Paddy Harris on 23rd February 2015
23rd February 2015
The Papua, the first PNG LNG Project custom-built ship, arrived at the PNG LNG marine facilities on 22 February to begin cool down and loading of its first LNG cargo

The Papua, the first PNG LNG Project custom-built ship, arrived at the PNG LNG marine facilities on 22 February to begin cool down and loading of its first LNG cargo

Otto closes Philippine asset sale

Submitted by Paddy Harris on 19th February 2015
19th February 2015
Otto Energy has completed the sale of Galoc Production Co. WLL (GPC) to Nido Petroleum

Otto Energy has completed the sale of Galoc Production Co. WLL (GPC) to Nido Petroleum

E.A. Technique clinches Malaysia FSO construction contract

Submitted by Paddy Harris on 18th February 2015
18th February 2015
E.A. Technique has announced a letter of award for the provision of EPCIC (engineering, procurement, construction, installation and commissioning) of an FSO (floating storage and offloading) facility for a full field development project in North Malay Basin with a contract value amounting to USD 191.8m

E.A. Technique has announced a letter of award for the provision of EPCIC (engineering, procurement, construction, installation and commissioning) of an FSO (floating storage and offloading) facility for a full field development project in North Malay Basin with a contract value amounting to USD 191.8m

InterOil sees success at PNG onshore drills

Submitted by Paddy Harris on 17th February 2015
17th February 2015
InterOil Corporation has advised that the Antelope-5 appraisal well in Petroleum Retention License 15, in the Gulf Province of Papua New Guinea, has intersected the top reservoir at 1,534 metres at a position that was 230 metre higher than the operator’s reference case

InterOil Corporation has advised that the Antelope-5 appraisal well in Petroleum Retention License 15, in the Gulf Province of Papua New Guinea, has intersected the top reservoir at 1,534 metres at a position that was 230 metre higher than the operator’s reference case

Goliat FPSO sails away from Korean shipyard

Submitted by Paddy Harris on 13th February 2015
13th February 2015
Hyundai Heavy Industries (HHI) has announced today that Goliat FPSO, the world’s largest cylindrical FPSO ordered by Eni Norge, sailed away from its yard

Hyundai Heavy Industries (HHI) has announced today that Goliat FPSO, the world’s largest cylindrical FPSO ordered by Eni Norge, sailed away from its yard

NZOG Offshore targets Cue Energy in takeover bid

Submitted by Paddy Harris on 12th February 2015
12th February 2015
Cue Energy has been offered a takeover bid by NZOG Offshore Limited

Cue Energy has been offered a takeover bid by NZOG Offshore Limited

Dolphin nets Ophir shoot offshore Myanmar

Submitted by Paddy Harris on 12th February 2015
12th February 2015
Dolphin Geophysical has been awarded and signed a contract for 3D data acquisition and processing of 10,000 square kilometres with Ophir Energy in Myanmar

Dolphin Geophysical has been awarded and signed a contract for 3D data acquisition and processing of 10,000 square kilometres with Ophir Energy in Myanmar

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