Search results for: Madura BD

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  • 11 December 2014
    Business & Finance

    After several delays, Malaysia’s provider of offshore vessels and floating production units, Bumi Armada, and Husky-CNOOC have signed a contract for a floating, production, storage and offloading vessel (FPSO) for the Madura BD field, offshore Indonesia. The companies signed a letter of intent (LOI) in August 2014 according to which Bumi Armada would deliver an […]

  • 28 October 2010
    Business & Finance

    Husky Energy announced it has received approval from the Government of Indonesia for an extension to the existing Madura Strait Production Sharing Contract (PSC), originally awarded in 1982. The Madura Strait PSC includes the Madura BD and MDA fields, as well as numerous other prospects and leads. The Madura BD field, which contains natural gas […]

  • 31 October 2014
    Business & Finance, Project & Tenders

    Malaysia’s provider of offshore vessels and floating production units, Bumi Armada, and Husky-CNOOC Madura Limited (HCML) have agreed to delay the signing of an FPSO contract for Madura BD field off Indonesia.  The companies have signed a Letter of Intent in August 2014 according to which Bumi Armada would deliver a floating, production, storage and offloading […]

  • 8 August 2007

    Mr. John C.S. Lau, President & Chief Executive Officer of Husky Energy Inc. today announced the signing of Heads of Agreement (HOA) between Husky Oil (Madura) Ltd. and three separate companies for the sales of gas from the Madura BD Field in Indonesia. The agreements were signed with PT Parna Raya, PT Inti Alasindo Energy, […]

  • 30 October 2007

    Mr. John C.S. Lau, President & Chief Executive Officer of Husky Energy Inc. today announced the completion of Gas Sales Agreements between Husky Oil (Madura) Ltd. and PT Parna Raya, PT Inti Alasindo Energy and PT Perusahaan Gas Negara (Persero) Tbk (‘PGN’) for the sales of the natural gas production from the Madura BD Field, […]

  • 19 August 2014
    Business & Finance, Equipment

    Husky-CNOOC Madura Limited (HCML) and Malaysia’s Bumi Armada have signed a letter of intent for the supply of an FPSO for the Madura BD Field.

  • 12 November 2014
    Business & Finance, Project & Tenders

    Malaysia’s Bumi Armada and Husky-CNOOC Madura Limited (HCML) have mutually agreed to further extend the period for the execution of a contract to supply an FPSO  for Madura BD field offshore Indonesia.  According to this agreement, the Letter of Intent for the FPSO supply will terminate on November 27, 2014, subject to an extension as may be […]

  • 5 December 2014
    Business & Finance, Project & Tenders

    Malaysia’s provider of offshore vessels and floating production units, Bumi Armada, and Husky-CNOOC have once again postponed the signing of a contract for a floating, production, storage and offloading vessel (FPSO) for the Madura BD field, offshore Indonesia. In a Bursa Malaysia filing dated December 4, Bumi Armada said that the companies have agreed to extend the […]

  • 20 August 2014
    Business & Finance

    Bumi Armada Berhad has been appointed as the FPSO Lease Contractor for the Madura BD Field, Offshore Indonesia via a Letter of Intent issued by Husky-CNOOC Madura Limited (“HCML”). Pursuant to the Letter of Intent, the Consortium will supply a Floating Production, Storage and Offloading Vessel to HCML at a contract value of USD1.18 billion […]

  • 24 October 2016
    Infrastructure, Project & Tenders

    Keppel Offshore & Marine’s (Keppel O&M) subsidiary Keppel Shipyard is on track to deliver a Floating Production Storage and Offloading (FPSO) vessel to Armada Madura EPC Limited.  Armada Madura is a joint venture between Shapoorji Pallonji Group (Shapoorji Pallonji) and Bumi Armada Berhad (BAB). The spread-moored FPSO unit was named Karapan Armada Sterling III during […]

  • 15 October 2014

    Malaysia’s provider of offshore vessels and floating production units, Bumi Armada, and Husky-CNOOC oil company have agreed to delay the signing of an FPSO contract.   The companies in August 2014 signed a letter of intent (LOI) subject to which Bumi Armada would deliver a floating, production, storage and offloading vessel to the Husky-CNOOC joint venture for the use […]

  • 24 October 2016
    Business & Finance, Operations & Maintenance

    Keppel Offshore & Marine’s wholly-owned subsidiary Keppel Shipyard is said to be on track to deliver a floating production storage and offloading (FPSO) vessel to Armada Madura, a joint venture between Shapoorji Pallonji and Bumi Armada Berhad. The spread-moored FPSO unit was named Karapan Armada Sterling III during a naming ceremony held earlier this month […]

  • 5 December 2014
    Business & Finance

    Malaysia’s Bumi Armada has announced that its Chief Executive Officer and Executive Director of the company, Hassan Basma, has resigned from his position due to family reasons.  According to the company, the Board of Directors of Bumi Armada has agreed to Basma’s request and accordingly he will relinquish his positions as CEO and Executive Director of […]

  • 19 January 2017

    China’s offshore oil company CNOOC is targeting three more offshore oil and gas projects coming on stream in 2017. Revealing its business plan for 2017, the company said the capex would be $10 billion.  The Chinese oil producer said on Thursday that five new projects were scheduled to begin production in 2017, two of which […]

  • 20 August 2014
    Business & Finance, Equipment

    Bumi Armada has announced the signing of a contract with eni Angola S.p.A. for the chartering, operations and maintenance of a Floating Production, Storage and Offloading vessel (FPSO) for deployment at the Block 15/06, East Hub field located in deep water offshore Angola. The contract is for a firm charter of 12 years with options […]

  • 20 September 2011

    Husky Energy Inc. has sanctioned the development of the Liwan 3-1 and Liuhua 34-2 fields, the principal fields of the Liwan Gas Project in the South China Sea. Husky and China National Offshore Oil Corporation (CNOOC) are jointly developing the project, which aims to bring to market at least three natural gas discoveries on Block […]

  • 15 February 2011
    Business & Finance

      Husky Energy Inc. recorded a 42 percent increase in 2010 cash flow compared to 2009. The Company reported a 58 percent improvement to fourth quarter cash flow compared to the same period of 2009. Net earnings in the quarter were higher by 19 percent compared to the third quarter 2010 on the strength of […]

  • 8 December 2010
    Business & Finance

    Husky Energy Inc. (Husky)announces that its wholly owned subsidiary, Husky Oil China Ltd., has signed a Heads of Agreement with China National Offshore Oil Corporation (CNOOC), specifying the key principles of cooperation for funding and operation of the Liwan 3-1 deep water gas field development. “The signing of this agreement formalizes the business arrangement between […]

  • 26 May 2015
    Business & Finance

    Malaysia-based international offshore oilfield services provider, Bumi Armada Berhad, has seen its 1Q 2015 net profit increase by 11.2% over the corresponding 1Q 2014 net profit.  Namely, the company’s net profit increased to RM72 million ($19.8 million) in 1Q 2015 over the RM64.8 million ($17.87 million) reported in 1Q 2014. 1Q 2015 net profit was a […]

  • 1 August 2017
    Project & Tenders

    Husky-CNOOC Madura Limited (HCML) has started production from the BD gas field offshore Indonesia.  Husky-CNOOC Madura Limited (HCML) is the operator of the Production Sharing Contract (PSC) for the BD gas field. Husky and CNOOC Limited each hold a 40 percent interest in HCML, while the remaining 20 percent interest is held by Samudra Energy. The […]

  • 30 November 2010
    Business & Finance

    Husky Energy Inc.announced today several cornerstone strategic initiatives intended to accelerate near-term production and reserve growth and to secure its medium and long-term growth opportunities. At the same time, the Company announced key elements of its financing plan, which is directed towards retaining its investment grade financial profile. “The initiatives announced today represent the culmination […]

  • 12 May 2014
    Business & Finance, Operations & Maintenance

    Nordic Maritime Pte Ltd., in collaboration with ELNUSA, was awarded the contract for the provision of marine seismic data acquisition and processing services for Husky-CNOOC Madura Limited, Offshore Indonesia. Madura Strait offshore Indonesia includes the MDA, MBH and BD fields, which are expected to produce natural gas and associated liquids. Nordic Maritime’s 3D seismic vessel […]