Chevron suspends production following Benchamas accident
Officials have recovered the body of the crew member and will return him to his family.
E&P
On the block: OMV launches Asia-Pacific sales plan
The venture’s main development now is Jerun. OMV expects this to start producing in 2024, with the net production of around 25,000 boepd.
Santos accused of dolphin death, cover up
The company claimed there was only a negligible impact on the environment. The response prompted the whistleblower to speak up.
Petronas and ExxonMobil show interest in Shell’s Masela LNG divestment
Malaysia’s Petronas is the latest company tipped to be interested in acquiring a stake in the proposed Abadi liquefied natural gas (LNG) project in the Masela Block offshore Indonesia that is led by Japan’s Inpex (TYO:1605)
Shell completes Malampaya gas divestment in Philippines
Shell (LON:SHEL) has completed the sale of its Malampaya gas field in the Philippines to Prime Infrastructure Capital following regulatory approvals and consent from joint venture partners.
PNG offers gas investment priority to Japan for energy security
Papua New Guinea (PNG) offered Japanese companies favoured access to new gas field development opportunities and liquefied natural gas (LNG) processing projects in trade talks that focused on energy security, PNG Prime Minister James Marape said, reported Reuters.
Petronas, Mubadala and Shell strike gas offshore Malaysia
Petronas today announced a gas discovery from its Cengkih-1 exploration well in Block SK 320 in the Central Luconia Province, about 220 kilometres off the coast of Bintulu, Sarawak, offshore Malaysia.
Chevron to assess exploration potential in India with ONGC
Chevron (NYSE:CVX) confirmed that its wholly owned subsidiary, Chevron New Ventures, has entered into a memorandum of understanding (MOU) with India’s Oil and Natural Gas Corporation (ONGC) to assess the exploration potential across a number of basins in India, the company told Energy Voice.
Indonesia may form consortium to buy Shell’s stake in Masela LNG project
Indonesia may form a consortium to buy Shell’s (LON:SHEL) 35% equity in the proposed Abadi liquefied natural gas (LNG) project in the Masela Block offshore Indonesia that is led by Japan’s Inpex (TYO:1605), the country’s investment minister said Thursday.
Harbour Energy-led Andaman project in Indonesia to pump first gas in 2028
Harbour Energy is expected to start gas production from its Andaman II Block offshore Indonesia in 2028, according to a senior Indonesian government official.
Malaysia’s Petronas eyes more acreage offshore Indonesia’s Aceh in exploration hotspot
Malaysia’s national oil company Petronas is considering acquiring further upstream acreage offshore Indonesia’s Aceh province as it seeks to develop more gas projects in the Southeast Asian nation. Significantly, more incentives are expected to be offered to encourage exploration investment.
Shell takes final investment at Rosmari-Marjoram gas project in Malaysia
Shell and Petronas have taken the final investment decision (FID) to develop the Rosmari-Marjoram gas project in Sarawak, Malaysia.
Philippines says open to resume oil exploration talks with China
The Philippines is open to new talks with China on oil and gas exploration, the Southeast Asian nation’s top diplomat said.
$1.3bn price tag for CCS at Inpex and Shell’s Masela project
The cost to add carbon capture and storage (CCS) to the proposed Abadi liquefied natural gas (LNG) project in the Masela Block offshore Indonesia that is owned by Japan’s Inpex (TYO:1605) and Shell (LON:SHEL) is expected to cost over $1 billion.
ExxonMobil teams up with India’s ONGC for deepwater exploration
ExxonMobil (NYSE:XOM) and India’s Oil & Natural Gas Corporation (ONGC) have signed a heads of agreement covering deepwater exploration off the east and west coasts of India. The news bodes well for ONGC, which recently pledged to boost exploration investment by 150% to $4 billion.
Indonesia confirms disappointing downgrade at Repsol gas discovery
Indonesian upstream regulator SKK Migas has confirmed that Repsol’s (BME:REP) Kali Berau Dalam (KBD) gas discovery, initially thought to be the country’s biggest find in 18 years, is significantly smaller than expected, putting the mega project in doubt.
Indonesia’s Pertamina pushed to buy Shell’s stake in Masela LNG project
The Indonesian government is directing national oil company Pertamina to buy Shell’s (LON:SHEL) 35% equity in the proposed Abadi liquefied natural gas (LNG) project in the Masela Block offshore Indonesia that is led by Japan’s Inpex (TYO:1605).
Newly elected Philippines President eyes renewables and nuclear as LNG prices soar
Newly elected President Ferdinand Marcos Jr reiterated his support for more renewable energy, as well as nuclear power, and natural gas, in the Philippines, one of Southeast Asia’s fastest growing economies. The news comes as plans to import maiden liquefied natural gas (LNG) cargoes into the country have stuttered due to surging global prices.
Repsol and Petronas spud exciting Andaman deepwater exploration well in Indonesia
Spain’s Repsol has started drilling the much-anticipated Rencong-1X wildcat in the frontier deepwaters of Indonesia’s North Sumatra basin in the Andaman III Block.
BP and Reliance close to starting giant India deepwater gas project
BP (LON:BP) and Reliance are expected to start commissioning of the MJ gas development in the KG D6 deepwater Block offshore eastern India later this year. The MJ field will have an annual average production capacity of 90 million barrels of oil equivalent per day (boed).
Indonesia seeks new exploration investment as 2022 bid round opens
Indonesia, which is seeking to significantly boost oil and gas production this decade, is today launching its first 2022 bid round. Six blocks are up for grabs, offering a range of exploitation, near-field and frontier high-impact opportunities.
CNOOC launches offshore China acreage for bidding
Chain National Offshore Oil Corporation (CNOOC) is offering 13 offshore exploration oil and gas blocks to foreign companies as part of its 2022 bidding round.
Eni offers gas block offshore Indonesia for sale to Harbour as Andaman development eyed
Italy’s Eni (BIT:ENI) is offering to sell its Krueng Mane Block offshore Aceh in Indonesia to London-listed Harbour Energy (LON:HBR), reported Indonesian upstream regulator SKK Migas. Significantly, the potential acquisition seems logical given that Harbour’s recent exploration success could trigger a new development area in the region.
Samsung wins $680m engineering deal for Shell gas plant in Malaysia
South Korea’s Samsung Engineering has won a $680 million engineering, procurement, construction and project management contract to build an onshore gas plant for Shell’s Rosmari Marjoram development in Sarawak, Malaysia.
TotalEnergies signs exploration deal covering large gas prospect offshore PNG
TotalEnergies’ (LON:TTE) is planning to explore a large undrilled shallow-water gas prospect in the Cape Vogel basin offshore Papua New Guinea (PNG) after signing a technical cooperation agreement with Australia’s Lakes Blue Energy.