Upstream players eye force majeure in Myanmar
The bloodless military coup in Myanmar has triggered some upstream companies to assess whether they should activate force majeure clauses in their production-sharing contracts (PSCs) with the government.
E&P
Malaysia’s Petronas hopes to lure investors to marginal fields with new scheme
Petronas MPM has officially introduced Malaysia’s Small Fields Asset (SFA) production-sharing contract framework as part of an effort to revive its domestic upstream sector and lure new money.
Logistical risks rise for E&P players in Myanmar after coup
The atmosphere in Myanmar remains volatile after the military seized power from the National League for Democracy (NLD) government and is creating logistical challenges for upstream companies, including Woodside Energy, that operate in the country.
Myanmar faces energy crunch after military coup, needs more LNG
Myanmar faces a potential energy crunch following a bloodless military coup that is set to delay urgent upstream investment and derail vital liquefied natural gas (LNG) import projects.
Ex-Petronas CEO joins ExxonMobil board in surprise move
The former boss of Malaysian national oil company (NOC) Petronas, Tan Sri Wan Zulkiflee, has joined ExxonMobil’s board of directors, in a move that has surprised some industry watchers.
McDermott wraps up project offshore India for Reliance
McDermott International said today it had wrapped up the KG-D6 R Cluster subsea field development project off the east coast of India.
Myanmar set for more than $1 billion of upstream investment
With Myanmar’s general elections in the rearview mirror, upstream development expenditure could more than double to over $1 billion by 2023 compared to this year’s spend.
China harasses PTTEP’s exploration activity off Malaysia
The Chinese coast guard has been harassing a drilling rig contracted to Thailand’s PTTEP in Malaysian waters off Sarawak as the company attempts to appraise its biggest ever gas discovery.
Independent E&P firms that fail to adjust to energy transition will be gone by 2050, analyst says
Independent exploration and production (E&P) firms that fail to adjust to the energy transition face extinction before 2050, an analyst said today.
Maersk Drilling secures £5.4m contract extension for drillship
Brunei Shell Petroleum Company has exercised an option for Maersk Viking to drill a deepwater exploration well.
Philippines greenlights oil exploration in disputed sea without China
The Philippines said oil exploration in the disputed South China Sea can proceed without China, in what could be a further sign of the Southeast Asian nation’s tougher stance against Beijing.