Malaysia: Murphy Oil closes second phase of partial divestment of Malaysian assets to Pertamina

Otmane El Rhazi from Energy-pedia regional news: Central & SE Asia / Australasia.



Murphy Oil Corp announced that its wholly owned subsidiaries, Murphy Sabah Oil and Murphy Sarawak Oil, have closed on the second phase of the sale of 30% of Murphy's Malaysian oil and gas assets to Pertamina Malaysia Eksplorasi Produksi. The second phase covers the remaining one-third of the transaction or 10% of Murphy's Malaysian oil and gas assets.

Wood Mackenzie: China energy demand must be reviewed due to fundamental economic changes

Otmane El Rhazi from Energy-pedia regional news: Central & SE Asia / Australasia.



Wood Mackenzie says 2014 was a significant year for China as economic rebalancing led demand growth - for a range of major energy commodities - and GDP growth decoupled significantly for the first time.

Indonesia: KrisEnergy commences 2D seismic acquisition in the Udan Emas PSC, onshore West Papua

Otmane El Rhazi from Energy-pedia regional news: Central & SE Asia / Australasia.



KrisEnergy has announced that a 300 km 2D seismic acquisition program has commenced recording in the Udan Emas production sharing contract ('PSC') onshore West Papua.

Indonesia: Medco Energi commences development of Block A gas, Aceh

Otmane El Rhazi from Energy-pedia regional news: Central & SE Asia / Australasia.



Medco Energi Internasional through its subsidiary Medco E&P Malaka has signed a Gas Sales and Purchase Agreement (GSPA) Block A, Aceh and Amendment GSPA South Sumatera Block.

Australia: Buru Energy spuds Sunbeam-1 exploration in EP 129

Otmane El Rhazi from Energy-pedia regional news: Central & SE Asia / Australasia.



Buru Energy has spudded the Sunbeam-1 exploration in EP 129 in Australia's Canning Basin. The Sunbeam-1 well primary objective is conventional oil reservoirs in the early Permian aged Grant Formation.

Australia: Norwest Energy to drill Xanadu Prospect in TP/15, offshore Western Australia

Otmane El Rhazi from Energy-pedia regional news: Central & SE Asia / Australasia.



Norwest Energy is seeking a farm-in partner to help fund the drilling in 2015 of the 160 mmbo Xanadu Prospect in the TP/15 permit, offshore Western Australia.

China: CNPC completes deepest onshore well in China in the Tarim oil field

Otmane El Rhazi from Energy-pedia regional news: Central & SE Asia / Australasia.



CNPC has reported that, on January 21, well Keshen-902 was completed at a depth of 8,038m, 15m deeper than well Keshen-7 ( 8,023m) drilled in 2011 in the Kelasu structural belt. The well is the deepest onshore well drilled to date in China.

Malaysia: JGC wins EPCC contract for LNG complex expansion project in Malaysia

Otmane El Rhazi from Energy-pedia regional news: Central & SE Asia / Australasia.



Japan's JGC Corporation has been awarded an engineering, procurement, construction and commissioning (EPCC) contract by PETRONAS for the expansion of the PETRONAS’ LNG Complex (PLC) in Bintulu, Sarawak, Malaysia.

China: Green Dragon Gas announces operations update

Otmane El Rhazi from Energy-pedia regional news: Central & SE Asia / Australasia.



Green Dragon Gas, the leading independent gas producer with operations in China has announced an operations update for the six months ending 31 December 2014. Green Dragon is implementing a programme to deliver an imminent step change in production and cash generation, maximising value from its strategic locations in China's strong growth gas market.

Australia: Spectrum selects GardlineCGG’s MV Duke for Rocket 2D Phase 1 survey

Otmane El Rhazi from Energy-pedia regional news: Central & SE Asia / Australasia.



Gardline CGG, a Joint Venture between Gardline Geosurvey and CGG, has been awarded the Rocket 2D Phase 1 multi-client marine broadband seismic survey by Spectrum under a master service agreement signed in October 2014 between the two companies.

Bangladesh: KrisEnergy completes 2D seismic program in SS-11 offshore Bangladesh

Otmane El Rhazi from Energy-pedia regional news: Central & SE Asia / Australasia.



KrisEnergy has completed a 3,146 km 2D seismic acquisition program in the SS-11 exploration block offshore Bangladesh. Block SS-11 covers an area of 4,475 sq km in the Bay of Bengal over the Bengal Fan.

Indonesia to offer eight conventional oil and gas blocks in 2015

Otmane El Rhazi from Energy-pedia regional news: Central & SE Asia / Australasia.



Indonesian government is planning to offer 8 conventional oil and gas blocks in 2015. The blocks on offer consist of 4 blocks offered in direct tender and 4 blocks offered in regular tender.

RWE reviews strategy - has no plans for E.ON-style break-up

Otmane El Rhazi from Energy-pedia regional news: Central & SE Asia / Australasia.



German utility RWE is reviewing its strategy but has no plans to follow larger peer E.ON in splitting its business in two, the company's chief operating officer said.

Australia: Origin Energy to suspend Speculant-1 exploration well

Otmane El Rhazi from Energy-pedia regional news: Central & SE Asia / Australasia.



Origin Energy has announced that the Speculant-1 exploration well in the Otway Basin, offshore Victoria, is being suspended while development options for the gas discovery are assessed.

Australia: Chevron and SK LNG Trading sign Gorgon LNG Supply Agreement

Otmane El Rhazi from Energy-pedia regional news: Central & SE Asia / Australasia.



Chevron has announced its Australian subsidiaries have signed a binding Sales and Purchase Agreement (SPA) with SK LNG Trading Pte Ltd (SK). Under the SPA, SK LNG Trading, which is part of a leading industrial conglomerate in South Korea, will receive 4.15 million tons of LNG over a five-year period starting in 2017.

China: Oil pipeline through Myanmar to China expected to open in Jan - sources

Otmane El Rhazi from Energy-pedia regional news: Central & SE Asia / Australasia.



A crude oil pipeline and a deep sea port meant to secure an alternative route for Chinese imports overland through Myanmar are set to open at the end of January, but an affiliated refinery in China is months away from completion, sources said.

Australia: Beach Energy reports encouraging results from its Nappamerri Trough Natural Gas Program

Otmane El Rhazi from Energy-pedia regional news: Central & SE Asia / Australasia.



Beach Energy has provided an update on the Nappamerri Trough Natural Gas program ('NTNG') in ATP 855 and PRLs 33-49 (ex-PEL 218). To date, the comprehensive NTNG exploration program has comprised 18 wells, of which 15 were fracture stimulated.

MEO Australia provides update on proposed takeover by Mosman Oil and Gas

Otmane El Rhazi from Energy-pedia regional news: Central & SE Asia / Australasia.



MEO Australia has noted the announcement made on 19th January, 2015 by Mosman Oil and Gas, indicating that it intends to vary its unsolicited off-market takeover offer to acquire 100% of outstanding MEO shares and has advised shareholders to take no action until they receive the MEO Directors’ formal recommendation.

PNG: ExxonMobil and PNG Government sign MoU regarding expansion of the PNG LNG Project

Otmane El Rhazi from Energy-pedia regional news: Central & SE Asia / Australasia.



JV partner Oilsearch reports that Exxon Mobil Corp, as operator of the PNG LNG Project and of PRL 3, has announced that it has signed a Memorandum of Understanding (MoU) with the PNG Government with respect to the expansion of the PNG LNG Project.

Mosman Oil and Gas provides update on takeover bid for MEO Australia

Otmane El Rhazi from Energy-pedia regional news: Central & SE Asia / Australasia.



AIM-listed Mosman Oil and Gas, the New Zealand and Australia focussed oil exploration and development company, has updated shareholders in respect of the takeover of MEO Australia.

India: Oilex receives approval for Cambay field gas sales

Otmane El Rhazi from Energy-pedia regional news: Central & SE Asia / Australasia.



Oilex has received endorsement from the relevant authorities of the Government of India for the sale of gas from the Cambay field, specifically from the Cambay-77H well.

Indonesia scraps land tax on oil and gas exploration

Otmane El Rhazi from Energy-pedia regional news: Central & SE Asia / Australasia.



Indonesia has scrapped a land tax that companies pay while exploring for oil and gas, a move that might encourage exploration at a time of concern that it could fall sharply due to tumbling oil prices.

Australia: Armour Energy increases Queensland tenement position

Otmane El Rhazi from Energy-pedia regional news: Central & SE Asia / Australasia.



Armour Energy has advised that the Company has been successful in its tender for Queensland Petroleum Land Releases (PLR) 2014-12 and 2014-1-3, which are located to the southwest of the Company’s existing Queensland tenement position ATP 1087 and ATP(A)1107.

PNG: Horizon Oil's Nama-1 exploration in PPL 259 well disappoints

Otmane El Rhazi from Energy-pedia regional news: Central & SE Asia / Australasia.



Horizon Oil has advised that the Nama-1 exploration well in PPL 259, Western Province, Papua New Guinea, is currently at total depth of 3,533 m. The well encountered poor quality reservoir sands and is being plugged and abandoned.

India: Shell joins India LNG project with raised 26 pct stake

Otmane El Rhazi from Energy-pedia regional news: Central & SE Asia / Australasia.



Royal Dutch Shell will take a 26 percent stake in the planned Kakinada liquefied natural gas terminal on the east coast, an official at partner Indian gas firm GAIL said, slightly higher than previously proposed.

New Zealand: Kea Petroleum shuts in production at the Puka field

Otmane El Rhazi from Energy-pedia regional news: Central & SE Asia / Australasia.



AIM-listed Kea Petroleum has announced that it has shut in production at its Puka site in Taranaki. Over the last few weeks, Kea has been working hard to resolve mechanical problems with the Puka-1 well, while continuing to produce from Puka-2.

PNG: CGG wins geophysical survey projects in Papua New Guinea

Otmane El Rhazi from Energy-pedia regional news: Central & SE Asia / Australasia.



CGG has been awarded both a land seismic and an airborne gravity survey by InterOil Corp to assess the hydrocarbon potential of their acreage in Papua New Guinea.

Philippines: Gas2Grid announces Malolos field technical programme - still seeking partner

Otmane El Rhazi from Energy-pedia regional news: Central & SE Asia / Australasia.



Gas2Grid has advised that following the award of a 2 Year Technical Moratorium by the Philippine Department of Energy, it has commenced the Malolos Oil Field technical program to establish the best completion technology to fully appraise and develop the oil field.

China: Newfield retains China assets after oil drop hits sale process

Otmane El Rhazi from Energy-pedia regional news: Central & SE Asia / Australasia.



Oil and gas producer Newfield Exploration said it would retain its assets in China, saying a slump in oil prices had created 'headwinds' in the sale process. The company said in early 2013 that it planned to exit its international business.

Australia: Icon Energy reports on testing in the Beach Energy-operated ATP855 Cooper Basin permit

Otmane El Rhazi from Energy-pedia regional news: Central & SE Asia / Australasia.



JV partner Icon Energy has provided an update on the Stimulation and Flow testing program in the Beach Energy-operated Cooper Basin permit ATP 855, where the Etty-1, Geoffrey-1 and Redland-1 wells have been fracture stimulated.

Thailand: Pan Orient Energy provides update on sale of Thailand Concession L53/48 to Sea Oil

Otmane El Rhazi from Energy-pedia regional news: Central & SE Asia / Australasia.



Pan Orient Energy has provided an update on its sale of a 50% interest in Thailand Concession L53/48 to Sea Oil, which was originally announced in November 2014.

Australia: Polarcus commences acquisition of a major new 3D multi-client survey, offshore Western Australia

Otmane El Rhazi from Energy-pedia regional news: Central & SE Asia / Australasia.



Seismic acquisition has now commenced on the major new Polarcus Capreolus 3D multi-client project over the Phoenix area that contains the recent Phoenix South-1 oil discovery within the Roebuck Basin, offshore Western Australia.

Indonesia: KrisEnergy completes Block A Aceh acquisition

Otmane El Rhazi from Energy-pedia regional news: Central & SE Asia / Australasia.



KrisEnergy has completed the acquisition of Premier Oil's interest in Block A Aceh, onshore Indonesia, containing several gas condensate discoveries.

Australia: Strike Energy provides update on Southern Cooper Basin gas project

Otmane El Rhazi from Energy-pedia regional news: Central & SE Asia / Australasia.



Strike Energy has provided an update on its continuing production testing program at its Southern Cooper Basin Gas Project in PEL 96. Production testing operations have continued to progress over the Christmas and New Year period with steady increases in gas production observed.

Australia: Carnarvon Petroleum and partners acquiring additional seismic data in the Phoenix area

Otmane El Rhazi from Energy-pedia regional news: Central & SE Asia / Australasia.



Carnarvon and partners are making a strategic investment to identify more oil and gas prospects in Australia’s newest hydrocarbon province following the Phoenix South-1 oil discovery offshore Australia.

China: Jereh Group operates China's first shale gas liquefaction plant

Otmane El Rhazi from Energy-pedia regional news: Central & SE Asia / Australasia.



Jereh Group announced it has successfully finished China's first shale gas liquefaction plant in Junlian County in Sichuan Province, the shale gas play area in China.

India: Woodside signs MoU with Adani Enterprises

Otmane El Rhazi from Energy-pedia regional news: Central & SE Asia / Australasia.



Australia's Woodside has signed a Memorandum of Understanding with Indian conglomerate Adani Enterprises as it seeks to to take advantage of opportunities in India’s emerging LNG market.

Australia: Apache holds off on West Australian asset sale

Otmane El Rhazi from Energy-pedia regional news: Central & SE Asia / Australasia.



US company Apache appears to have gone cold on the $US3 billion ($3.65bn) sale of its remaining West Australian gas and oil ­assets as oil prices plunge, potential buyers struggle and it gets ready to bank proceeds from the sale of its Wheatstone LNG stake to Woodside Petroleum.

Philippines: PNOC to farm into Otto Energy's SC55, offshore Philippines

Otmane El Rhazi from Energy-pedia regional news: Central & SE Asia / Australasia.



Otto Energy has announced that PNOC Exploration Company (PNOC-EC) has expressed an interest in farming into SC55, which contains the Hawkeye Prospect - a high impact opportunity, well defined on modern high quality 3D seismic and demonstrating an amplitude response consistent with a significant oil prospect.

Polarcus awarded broadband 3D seismic project in Australasia

Otmane El Rhazi from Energy-pedia regional news: Central & SE Asia / Australasia.



Polarcus has announced that the Company has received a commitment from an undisclosed client for a broadband 3D marine seismic acquisition project in Australasia.

Indonesia: CGG completes processing of multi-client survey in East Indonesia

Otmane El Rhazi from Energy-pedia regional news: Central & SE Asia / Australasia.



CGG has completed processing of the Bade FALCON Airborne Gravity Gradiometer (AGG) multi-client survey it recently conducted within the Papua Foreland Basin. Data was acquired over onshore PSC, JSA and open acreage in a highly underexplored region of West Papua along trend from multi-TCF gas fields and recent oil discoveries in Papua New Guinea.

China: CNOOC announces gas discovery at Lingshui 25-1 in South China Sea

Otmane El Rhazi from Energy-pedia regional news: Central & SE Asia / Australasia.



CNOOC Ltd has announced that the Company has successfully made a new mid-to-large sized deep-water natural gas discovery at Lingshui 25-1, located in the northeast of Ledong Sag in the Qiongdongnan Basin of the South China Sea.

New Zealand: Pan Pacific Petroleum announces increase in Tui area reserves

Otmane El Rhazi from Energy-pedia regional news: Central & SE Asia / Australasia.



Pan Pacific Petroleum and New Zealand Oil and Gas (NZOG) have completed a review of the increase in Tui reserves attributable to the Pateke-4H well, and estimate a total increase in 2P recoverable reserves of 2.4 million barrels gross.

China struggles to find prospective blocks for third shale auction - govt sources

Otmane El Rhazi from Energy-pedia regional news: Central & SE Asia / Australasia.



China is struggling to find attractive shale gas blocks to offer in a third auction of concessions, government sources said, increasing the sense that the country's output potential may be overblown.

Indonesia: Cooper Energy spuds Bunian-3 oil development well in South Sumatra

Otmane El Rhazi from Energy-pedia regional news: Central & SE Asia / Australasia.



Cooper Energy has advised that Bunian-3, an oil development well, spudded in the Sukananti KSO, South Sumatra, Indonesia on December 31 2014.

Australia: Buru Energy terminates EP 487 purchase agreement with Backreef Oil

Otmane El Rhazi from Energy-pedia regional news: Central & SE Asia / Australasia.



Buru Energy has advised that the agreement with Backreef Oil for the acquisition of a 50% interest in EP 487 has been terminated. Rey Resources has subsequently entered into an agreement to acquire the 50% interest.