Offshore Magazine

Asia Offshore Regional Report

More Asia Offshore Oil & Gas News

ROC signs further Bohai Bay PSC

China National Offshore Oil Corp. (CNOOC) has signed a production sharing contract with Roc Oil (Bohai) for block 09/05 in Bohai Bay.

Korea looks for foreign investors

While the Offshore Technology Conference was under way at Reliant Center on Monday, a number of organizations joined forces at a forum in the Westin Galleria Hotel to discuss investment opportuniti...

Salamander seeks cash for offshore Thailand projects

Salamander Energy intends to raise $201 million via a share issues.

SOEL invites farm-ins to offshore Indonesia license

MEO Australia subsidiary Seruway Offshore Exploration Limited (SOEL) is looking for partners in its Seruway PSC, offshore North Sumatra.

Eni to explore offshore deepwater South China Sea

Eni (MI:ENI, NYSE:E) and China National Offshore Oil Corp. have signed a Production Sharing Contract (PSC) for the exploration of block 30/27, 400 km (250 mi) off the coast of Hong Kong.

E&P activity gains momentum offshore Asia

Asia’s place in the world of offshore oil and gas exploration and production is growing in importance as industry activity in the region continues to gain momentum.

MEO backs into Thailand block

Rayong Offshore Exploration Ltd. has agreed to farm into 50% of the block G2/48 concession in the Gulf of Thailand.

New joint venture to serve Asia’s growing offshore market

A new joint venture in Malaysia aims to support Asia’s upstream sector with a wide range of services. Offshore’s contributing editor Gurdip Singh recently spoke to Maarten Spilker, Managing Directo...

Beibu Gulf project on course during operations review

ROC Oil has issued an update on its exploration and production programs offshore China.

Offshore Asia returns to Kuala Lumpur

Operators are increasingly looking to offshore Asia for opportunities to supply the world’s energy demand, and several new projects are being developed in the region.

ConocoPhillips, CNOOC settle Bohai Bay fishery claims

ConocoPhillips and the China National Offshore Oil Co. have agreed with China’s Ministry of Agriculture to resolve issues around the incidents at Peng Lai 19-3 field in Bohai Bay.

CNOOC forecasts more fields to produce offshore China

CNOOC is targeting net production in 2012 of 330-340 MMboe, slightly up on last year’s level.

Total builds stakes in Makassar Strait permits

PTTEP has agreed to reduce its interest in three deepwater exploration blocks in the Makassar Strait offshore Indonesia.

Otto, BHP complete Palawan farm in

Otto Energy Ltd has executed the final farm-in agreements on BHP Billiton’s entrance into Service Contract 55 offshore Palawan, Philippines.

Indonesia awards offshore Kalimantan block

A joint venture consortium led by operator Kris Energy has signed the offshore Indonesia Tanjung Aru production sharing contract (PSC).

Partners sought for West Papua well

ExxonMobil is seeking partners to participate in exploration and possible development of a deepwater frontier basin play in Cendrawasih Bay, off West Papua, Indonesia.

PETRONAS to give keynote speech at Offshore Asia

Offshore Asia, the region’s premier conference and exhibition for the offshore E&P industry, has confirmed PETRONAS will deliver a keynote speech at this year’s opening keynote sess...

Kulczyk set for control of Brunei block

Kulczyk Oil Ventures (KOV), has entered into a sale and purchase agreement to acquire all issued shares of AED Southeast Asia.

North America

Husky Energy has started production from a two-well pilot scheme on the West White Rose field offshore Newfoundland.

Indonesia awards frontier license

Indonesia’s government has awarded offshore exploration licenses to three European oil companies.

Indonesia awards two PSCs in deepwater areas

Niko Resources Ltd. has received two new production sharing contracts in Indonesia.

KG basin partners plan subsea cluster for D3

Hardy Oil & Gas has issued an update on its various programs offshore India.

South America

Gazprom and PDVSA are discussing a joint development of the Robalo gas field in the Gulf of Venezuela. The two companies have signed a memorandum of understanding which sets out conditions for the ...

ONGC takes stake in Kazakh offshore block

ONGC Videsh has signed a tripartite agreement with Kazakhstan’s Ministry of Oil and Gas and Kazmunaigaz, amending an E&P contract.

ExxonMobil auctions North Sumatra offshore interests

ExxonMobil is inviting offers for its shares in affiliates with interests in Indonesia.