Indonesia will improve transparency at its offshore oil trading company as President Joko Widodo takes steps to clean up the energy industry.
The energy ministry aims to offer offshore blocks during a bidding round by year-end 2015.
While Pakistan has enjoyed four discoveries, India has seen three finds in Rajasthan.
Field development activity in Southeast Asia is moving along at a steady pace, with the region on course to play a key role as a nurturing ground for a growing fleet of FLNG projects in the coming years.
The deadline to submit bids for the onshore and offshore blocks is Feb.18, 2015.
State-owned Oil & Natural Gas Corporation (ONGC) is looking to start producing gas from its deepwater Block KG-DWN-98/2 off the country’s eastern coast by mid-2018, according to India’s Petroleum Minister, Dharmendra Pradhan.
InterOil Corp. has notified the Papua New Guinea Department of Petroleum and Energy of a discovery at the Bobcat-1 exploration well in PPL476.
Statoil has been awarded four new exploration permits offshore New Zealand.
Carnarvon Petroleum Ltd. has entered into a sale and purchase agreement (SPA) to divest its remaining 20% interest in the Thailand oil production concessions L44/43, L33/43 and SW1A.
The Cheal-E6 step-out well (TAG 70%), located in the onshore Taranaki Basin of New Zealand, has intersected more than 9 m (29.5 ft) of net oil- and gas-bearing sands in the Mt. Messenger Formation, TAG Oil said in a news release.
CNOOC Ltd. has made a mid-sized new discovery in Lufeng14-4 in the eastern South China Sea.
According to the preliminary results of the flowback and production testing of Cambay-77H, the commercial development of Cambay Field in India using multistage fracturing technology is feasible.
The Panyu 34-1/35-1/35-2 project in the Pearl River Mouth Basin of the South China Sea has started production, CNOOC Ltd. said in a news release.
OMV has produced first oil from its Maari redevelopment drilling campaign in New Zealand.
The Huizhou 25-8 Oilfield/Xijiang 24-3 Oilfield Xijiang 24-1 District joint development project has commenced production, CNOOC Ltd. said in a news release.
Production commenced at Mubadala Petroleum-operated Manora oil field in the northern Gulf of Thailand.
Bumi Armada's subsidiary and joint venture company have been awarded a contract to supply one FPSO vessel for the Madura BD Field.
LM Handling has provided handling knowledge and equipment to support InterMoor in the successful mooring installation of an FPSO unit for the Enping 24-2 oil field.
Ophir Energy Plc signed a production-sharing contract (PSC) with the Myanmar Ministry of Energy, which finalizes the award of Block AD-03 offshore Myanmar, Ophir said in a press release.
Wood Group has been awarded a multiyear contract by ExxonMobil Exploration and Production Malaysia Inc.
McDermott International Inc. has successfully concluded the transportation and installation of a yoke-type single point mooring tower and hookup to a floating storage offloading (FSO) vessel for PT Rekayasa Industri offshore Indonesia in the Banyu Urip Field.