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.
dispute
Indonesia’s Medco in dispute with Libya NOC
Indonesia’s Medco Energi has started international arbitration at the ICC against the National Oil Company of Libya to enforce its contractual rights under an exploration and production sharing contract, as well as protect its right to benefit from its investment in Area 47 in the north African nation.
Eni unable to explore in disputed area off Indonesia
Italy’s Eni (BIT:ENI) remains unable to resume upstream exploration activities in the Ambalat Block offshore Indonesia as a maritime territorial dispute between Malaysian and Indonesia has not been resolved.
Strike dispute with Ponticelli and Semco Maritime brought to an end
A union dispute which brought strike action by hundreds of Ponticelli and Semco Maritime workers has been brought to an end.
Inpex settles Ichthys LNG dispute with contractors
JGC (TYO:1963) said today that it has reached a settlement with Inpex (TYO:1605) regarding the lawsuit that Inpex filed against joint venture company JKC, which consists of KBR (NYSE:KBR), Chiyoda (TYO:6366) and JGC, relating to the construction of the giant Ichthys liquefied natural gas (LNG) export project in northern Australia.
Jakarta beefs up defences in Natuna Sea after China meddles in Harbour Energy block
Jakarta is preparing to bolster its maritime security defences in the Natuna Sea, which is rich in fisheries and natural gas, after increasing incursions by Chinese vessels within Indonesia’s exclusive economic zone (EEZ). The news should provide some comfort to upstream oil and gas investors operating in the Natuna Sea.
Indonesia sends navy to deter Chinese survey ship near Harbour Energy Tuna Block
Indonesia has sent a naval ship to tail a Chinese survey vessel that has been operating close to Harbour Energy’s Tuna Block in the Natuna Sea within Indonesia’s exclusive economic zone (EEZ).
Philippines bets on Sampaguita as Forum prepares to drill in disputed waters of South China Sea
The government of the Philippines is eyeing a potentially large gas discovery as UK company Forum Energy prepares to drill in the disputed waters of the South China Sea. But geologists remain skeptical about the potential and any unilateral drilling will likely draw Beijing’s ire.
Beijing interferes with Natuna drilling offshore Indonesia in South China Sea
A Chinese ship has been meddling with Harbour Energy’s ongoing drilling campaign at its Tuna block in the Natuna Sea offshore Indonesia. Significantly, the appraisal drilling is funded by Russia’s state-backed Zarubezhneft and the incident underscores the fact that Moscow’s energy interests in the South China Sea are increasingly being threatened by China.
PTTEP has ‘no clarity’ on clash with Chevron for access to Erawan
Thailand’s PTT Exploration & Production (PTTEP) said yesterday that there is still “no clarity” around access to the Chevron-operated Erawan gas field off Thailand ahead of a transition next year. PTTEP wants access before next April’s handover to ensure a smooth transition and stem a production decline at the field, which is key to Thai energy security.
PTTEP expects Erawan output to fall short for up to two years
Thailand’s PTT Exploration & Production (PTTEP) said it will need between one and two years to hit its contractual production target at the Erawan field offshore Thailand once it takes over from current operator Chevron.
China targets some Australian LNG as trade dispute widens
At least two of China’s smaller liquefied natural gas (LNG) importers have been told to avoid buying new cargoes from Australia, a further example of the impact on trade from souring ties between the two countries.
Inpex takes Ichthys LNG contractors to court in Japan
Japan’s Inpex has filed a lawsuit against joint venture company JKC, which consists of KBR, Chiyoda and JGC, relating to the construction of the giant Ichthys liquefied natural gas (LNG) export project in northern Australia.
Duterte won’t challenge China at sea unless it drills for oil
Philippine President Rodrigo Duterte said challenging China in the South China Sea will only lead to violence, and that he will only do so if Beijing drills for oil in the disputed waters.
Cairn Energy attempts to seize Indian assets over tax dispute
Cairn Energy is increasing pressure on the Indian government to pay a $1.2 billion arbitration award after filing a lawsuit in the U.S.
Centrica CEO was sent ‘package of excrement’ in British Gas row
Chris O'Shea, the CEO of British Gas owner Centrica, has said his family was sent a package of excrement amid a bitter engineers' dispute.
Qatar’s Emir warns against military action in Gulf dispute
Qatar's emir has warned against any military confrontation over the diplomatic dispute between his country and four other Arab nations, saying it would only plunge the region into chaos.
Updated: Unions ballot Wood Group members on industrial action over “30% pay cut”
Offshore unions have launched a ballot for industrial action on Wood Group over pay and conditions.
Lansdowne seeks to raise essential funds through shares issue
Lansdowne Oil and Gas has called a meeting of shareholders giving them the opportunity to vote on the company's proposals to raise "essential" funds by issuing 350 million shares, devaluing the company in the process.
Vietnam demands China moves controversial oil rig
Vietnam has demanded China moves a controversial oil rig as well as abandoning plans to start drilling in waters where jurisdiction is unclear.