Exclusives

Diverse players provide a wide range of services.

Malikai TLP is an important project for TechnipFMC and its partners, showcasing our capabilities in delivering complex deepwater projects in the Asia Pacific region.

Institute continues to expand its offshore R&D capabilities.

India, Cairn India, oil, demand, production, Anil Agarwal, Vendata

The country aims to increase domestic oil and gas exploration, development and production, while reducing its reliance on imports, to meet growing demand.

R&D efforts improve efficiency and construction execution.

Deepwater International

Otto Energy subsidiary Otto Energy Philippines has entered into a letter of intent with Maersk Drilling for one of its ultra-deepwater drillships to drill a frontier wildcat offshore south-west Palawan.

Talisman Energy and its partners are looking to complete a base development plan for a combined FPSO and TLWP project offshore Vietnam by mid-2015.

Otto Energy, the former operator of the Galoc field in the Philippines, has sold off its remaining stake in the producing project to fellow Aussie independent Nido Petroleum for US $106 million.

Japan’s Inpex is selling 10% of its stake in a deepwater block offshore eastern Malaysia to Australian player Santos, although no sale price is being revealed.

Noble Energy and its partners in the ultradeepwater Leviathan Field offshore Israel are still waiting for an update on the situation that has seen the country’s Anti-Trust Authority essentially try to pull the rug from under their feet on one of the world’s biggest gas finds of recent times.

Exploration

Sapura's CEO Shahril Shamsuddin told Reuters that Sapura will consider new markets in the Middle East, the Mediterranean, and East and West Africa, and expand into existing markets like Mexico.

Since 2016, UMW-OG has restructured a large portion of its short-term debt into long-term debt and has received a 308 million ringgit cash injection from its parent, Reuters reported.

The deal, if completed, would mark China’s first major energy investment in the South Asian country, where Beijing is pumping in billions of dollars in a race with New Delhi and Tokyo for influence.

Reuters reported that the comapny said the data room for the tender is open from April 30 to July 31.

Gazprom's interests in Bangladesh are represented by Gazprom International, a specialized company aimed at implementing oil and gas projects outside Russia.

Production

A Japanese study has estimated that at least 1.1 Tcm (40 Tcf) of methane hydrates lie in the eastern Nankai Trough off the country’s Pacific coast, equal to about 11 years of Japanese gas consumption.

The test is the first since Japan achieved the world’s first extraction of gas in 2013 from offshore deposits of methane hydrate, a frozen gas known as “flammable ice.”

ONGC depends on the Daman offshore project to increase its natural gas output, which has stagnated over the past decade. The project hit delays last year after contractor Swiber Holdings had financial difficulties, Reuters reported.

"We are setting up gas processing facilities ... we have dug four pilot wells and have got encouraging response," N. K. Verma, the company's managing director, said, according to Reuters.

Reuters reported that, according to a statement, Sinopec recently launched operations of three wells.

Technology

PTT Exploration and Production PCL said on May 9 it was suspending investment in Indonesia after the Indonesian government filed a $2 billion lawsuit against the Thai state-owned energy firm for alleged damage from an oil spill eight years ago.

The top destinations for its LNG are Japan, South Korea and China. But Petronas is broadening its horizons, and the first cargo from its floating LNG facility was shipped to India in April, Reuters reported.

Reuters reported six people died and more than 20 were injured when a crane collapsed onto a section of the platform at a Samsung Heavy Industries shipyard, South Korea's Yonhap News Agency reported. 

After July 24, Joyner will be replaced by John Li as interim CFO until a replacement is appointed, the company also said.

The company did not give a reason for the changes, which come ten months after Yang Hua was promoted to CEO and Yuan Guangyu was named president, Reuters said.