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 nationโs top diplomat said.
The Philippines is open to new talks with China on oil and gas exploration, the Southeast Asian nationโs top diplomat said.
Indonesiaโs 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.
Italyโs 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.
A union dispute which brought strike action by hundreds of Ponticelli and Semco Maritime workers has been brought to an end.
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 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 Indonesiaโs exclusive economic zone (EEZ). The news should provide some comfort to upstream oil and gas investors operating in the Natuna Sea.
Indonesia has sent a naval ship to tail a Chinese survey vessel that has been operating close to Harbour Energyโs Tuna Block in the Natuna Sea within Indonesiaโs exclusive economic zone (EEZ).
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 Beijingโs ire.
A Chinese ship has been meddling with Harbour Energyโs ongoing drilling campaign at its Tuna block in the Natuna Sea offshore Indonesia. Significantly, the appraisal drilling is funded by Russiaโs state-backed Zarubezhneft and the incident underscores the fact that Moscowโs energy interests in the South China Sea are increasingly being threatened by China.
Thailandโs PTT Exploration & Production (PTTEP) said yesterday that there is still โno clarityโ around access to the Chevron-operated Erawan gas field off Thailand ahead of a transition next year. PTTEP wants access before next Aprilโs handover to ensure a smooth transition and stem a production decline at the field, which is key to Thai energy security.
Thailandโs 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.
At least two of Chinaโs 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.
Japanโs 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.
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 is increasing pressure on the Indian government to pay a $1.2 billion arbitration award after filing a lawsuit in the U.S.
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 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.
Offshore unions have launched a ballot for industrial action on Wood Group over pay and conditions.
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 has demanded China moves a controversial oil rig as well as abandoning plans to start drilling in waters where jurisdiction is unclear.