Myanmar will expand its sources of clean energy through an agreement with ACO Investment Group, a U.S.-based private-equity fund focusing on Asian emerging markets, to develop two solar-energy plants.
Diving-equipment technology firm Divex has secured a "multi-million pound" contract to supply a saturation diving system to Keppel Singmarine.
Dutch oil giant Shell has struck a new gas discovery at its majority owned deep-water block SK318 offshore Malaysia.
Sinopec has recorded a 7.5% profit increase for the first half of the year.
GDF Suez SA’s sale of a stake in its Australian power business has drawn interest from companies including Thailand’s PTT Pcl and Singapore-based Keppel Infrastructure Trust, people with knowledge of the matter said.
The largest piece of turret for Shell’s Prelude Floating Liquefied Natural Gas (FLNG) facility has set sale.
San Miguel Corp., the biggest Philippine company, is prepared to spend as much as $10billion to buy assets in Southeast Asia, President Ramon Ang said. An energy-related target has the potential to boost sales by more than 50%, Ang said on July 2, without giving a price and timeline. The company has announced 41 acquisitions worth $7.8billion since 2000, about three-quarters of which were made since 2008, when it began moving out of the food and brewery business, according to data compiled by Bloomberg. San Miguel said in December 2012 it was looking at a $5billion acquisition in the gas industry.
Falcon Oil & Gas has agreed a farm-out deal for its unconventional Beetaloo Basin in Australia.
Songa Offshore confirmed it has forged a joint venture with Opus Offshore Group for its South East Asia operations.