PTTEP scores three Sarawak finds
“Malaysia holds a prominent position within our strategic investment areas and proves successful oil and gas discoveries in offshore areas continuously,” said PTTEP CEO Montri Rawanchaikul.
Asia
Asia Oil and Gas news and updates
Greenpeace blockades Shell terminal in the Philippines
"At COP 28, governments should make them stop drilling and start paying for the damage their operations cause.”
UKEF comes through with financing guarantee offshore Taiwan
A Mitsui official, Ryo Zushiden, said the Hai Long project was one of the company’s “most important investments in the renewable energy sector”.
Murphy Oil approves Vietnam plan, launches Cote d’Ivoire work
In September, it sold non-operated stakes in the Kaybob Duvernay and Placid Montney for $104 million. The plan is to invest some of the proceeds in international works.
Eni profits slump, but talks up new gas hub in Indonesia
Geng North is thought to hold around 5 trillion cubic feet of gas and 400 million barrels of condensate. Eni sees the Kutei Basin becoming a “new world class gas hub”.
Eni keeps its eyes on LNG growth with Indonesia deal
The company said it aims to increase its LNG contracted volumes to more than 18 million tonnes per year of LNG by 2026.
All Asia Posts
Shelf Drilling Perseverance rig to depart North Sea for £58m Vietnam contract
Sun sets on Perseverance rig's time in the North Sea, with Shelf Drilling announcing a 16 month contract with PetroVietnam.
PTTEP scores three Sarawak finds
“Malaysia holds a prominent position within our strategic investment areas and proves successful oil and gas discoveries in offshore areas continuously,” said PTTEP CEO Montri Rawanchaikul.
The great drilling rig migration: jacking up and shipping out
Now that rates are rising, Middle Eastern demand is slowing – but Southeast Asia has been touted as the next step.
Jadestone rides East Belumut high with strong production
"The East Belumut drilling programme has proved to be very successful”, said Jadestone president and CEO Paul Blakeley.
Greenpeace blockades Shell terminal in the Philippines
"At COP 28, governments should make them stop drilling and start paying for the damage their operations cause.”
Energy drives quarterly profit at Ping owner DNex
Dagang NeXchange (DNeX) has announced a profitable quarter, as higher volumes and oil prices drove held up earnings across the company.
UAE uses COP28 to push Adnoc, Masdar agenda
The briefing pack on the various countries often reiterated one point. “There is no conflict between sustainable development of any country’s natural resources and its commitment to climate change.”
Korea takes short-term LNG path while rivals embrace long deals
South Korea is avoiding the global trend toward long-term agreements on liquefied natural gas due to high prices, a risky move that will leave the top importer exposed to the volatile spot market.
Majors start talks to settle $5bn Kashagan sulphur fine
If agreed, the settlement would help to open the way for an expansion of the Kashagan oil development, including construction of new gas-processing plants needed by the government, the people said.
Results boost for Bumi Armada after Kraken issues resolved
Bumi Armada posted an uptick in profit and revenues for the third quarter, having resolved issues which took its Kraken FPSO offline during the summer.
Murphy Oil approves Vietnam plan, launches Cote d’Ivoire work
In September, it sold non-operated stakes in the Kaybob Duvernay and Placid Montney for $104 million. The plan is to invest some of the proceeds in international works.
US sanctions on Russian LNG threaten Japan gas security push
US sanctions on a major new Russian liquefied natural gas export plant threatens to pit Japan’s energy-security drive against its relationship with western allies.
Ping Petroleum signs up for late-life Malaysian work
Abu reached a peak of 15,000 barrels per day in 2008. The agreement should give Ping the ability to monetise the Abu Kecil and Abu SW Upthrown fields.
Eni profits slump, but talks up new gas hub in Indonesia
Geng North is thought to hold around 5 trillion cubic feet of gas and 400 million barrels of condensate. Eni sees the Kutei Basin becoming a “new world class gas hub”.
Eni keeps its eyes on LNG growth with Indonesia deal
The company said it aims to increase its LNG contracted volumes to more than 18 million tonnes per year of LNG by 2026.
Oil refiners struggle for financing as banks shun fossil fuels
Oil refiners are finding it harder to secure funding for projects as more banks shy away from fossil-fuel financing, with plant owners now pressed to show their businesses have cleaner-energy goals, executives said.
Singapore to overhaul gas procurement, support low carbon power
“This is a fundamental shift in our approach towards gas procurement, but we believe that this is necessary to create a more stable and secure power system that will ultimately benefit the consumers and also the gencos themselves,” he explained.
Dolphin Drilling bags international work for Borgland
Dolphin Drilling has confirmed the award bid of a rig contract with Oil India, paving the way for redeployment of its Borgland Dolphin rig next year.
World lacks enough LNG for energy transition, key trader says
Global demand for liquefied natural gas is likely to prove stronger than expected and the current pipeline of projects won’t be enough to keep up, according to one of Japan’s top traders of the fuel.
Singapore charges execs of collapsed Swiber with misleading market
The major point flagged by the charges concern a contract win from late 2014. Swiber at the time said it had won a $710 million contract in West Africa.
Sarawak celebrates first onshore well in 50 years
“I hope this marks the beginning of Sarawak’s very own venture into oil and gas production – by Sarawak, for Sarawak,” the premier said. He called for the companies to rename the field as the “Grand New Lady of Sarawak”.
Shell terminates another Sapura Energy contract
Shell reduced the scope of the contract “for cause” in March this year, alleging breaches of contract by Sapura Offshore.
Jadestone secures RBL uplift as Akatara reaches 70% completion
Jadestone Energy (AIM:JSE) has secured an increases to its borrowing capacity, as focus turns to its Akatara gas project ahead of first output in mid-2024.
Transforming energy logistics: Kabal expands its reach in Asia Pacific
Kabal, the leading provider of logistics management software to the global energy industry, is strengthening its presence in Asia Pacific to better serve the region’s energy operators.
Despite Wassana challenge, Valeura stockpiles cash for growth
“We're both highly motivated to get the asset back up and operating again. They have a vessel they put capital into. They obviously want to be getting paid and making a return on that,” he said.
