โMuch further justification neededโ for Scot Gov exploration stance, says top academic
Scottish Government plans to accelerate the decline of the oil and gas industry have been questioned by a top petroleum economist.
Scottish Government plans to accelerate the decline of the oil and gas industry have been questioned by a top petroleum economist.
Petronas has awarded Ping Petroleum two production sharing contracts (PSCs) for discovered oil and gas resources in Malaysia marking the companyโs debut in its home country.
Sri Lanka is preparing to issue two-year oil and gas exploration licenses for as many as 900 offshore blocks for foreign companies to explore for energy resources and bring vital investments to the crisis-hit country, a top official told Reuters.
Harbour Energy plans to start more frontier oil and gas exploration drilling offshore Indonesiaโs Aceh province in September of this year, according to local reports.
Philippine oil and gas drillers tumbled Wednesday after the top court voided the nationโs 2005 deal with China and Vietnam to jointly explore for oil and gas in the South China Sea, less than a week after President Ferdinand Marcos Jr. agreed to revive similar talks with Beijing.
China National Offshore Oil Corp. pledged higher spending this year as Beijing looks to raise production to safeguard energy security and fuel a rebound in economic growth.
Singapore-listed Interra Resources reported that its joint venture entity, Goldpetrol Joint Operating Company, has started drilling development well CHK 1238 in the Chauk oil field onshore Myanmar.
Petronas and its Petroleum Arrangement Contractors (PACs) recorded a total of 10 hydrocarbon discoveries in Malaysia in 2022, following the increase of exploration activities in the country.
UK-based Harbour Energy (LON:HBR) and UAE-based Mubadala Energy are both planning separate exciting deepwater drilling campaigns in frontier waters offshore Indonesiaโs Aceh province next year.
Repsolโs (BME:REP) much-anticipated Rencong-1X wildcat exploration well in the frontier deep-waters of Indonesiaโs North Sumatra basin has failed to find commercial oil and gas reserves.
Thailandโs state-backed upstream company PTT Exploration Production (PTTEP) announced it will spend $29 billion between 2023 and 2027 as it aims to boost oil and gas production, as well as diversify into new businesses to cut emissions.
Natural gas is seen as an essential component of Indonesiaโs energy transition with the government targeting to significantly boost upstream investment. Officials estimate $179 billion is needed to meet 2030 oil and gas production targets in Southeast Asiaโs largest economy.
Petronas has signed two key agreements with Petroleum Sarawak (PETROS) on collaboration opportunities under the Sarawak Gas Roadmap that will help accelerate both partiesโ shared aspirations to sustainably grow the Malaysian stateโs energy industry.
NEO Energy has become operator of the Isolde exploration target in the UK North Sea after striking a deal with Equinor.
UK-listed Baron Oil (LON:BOIL), which operates TL-SO-19-16 PSC offshore East Timor via its subsidiary SundaGas, has significantly boosted its aggregate gas-in-place and recoverable gas resource estimates after reprocessing the Chuditch 3D seismic data.
The Baodao 21-1 gas-bearing structure is the first large-scale deep-water natural gas field in the South China Sea with proved gas in place of over 50 billion cubic metres, reported Chinese national oil company CNOOC Limited.
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 (NYSE:CVX) confirmed that its wholly owned subsidiary, Chevron New Ventures, has entered into a memorandum of understanding (MOU) with Indiaโs Oil and Natural Gas Corporation (ONGC) to assess the exploration potential across a number of basins in India, the company told Energy Voice.
Equinor and Soliton Resources will drill an exploration prospect targeting up to 100 million barrels of oil equivalent in the UK North Sea.
Harbour Energy is expected to start gas production from its Andaman II Block offshore Indonesia in 2028, according to a senior Indonesian government official.
Malaysiaโs national oil company Petronas is considering acquiring further upstream acreage offshore Indonesiaโs 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.
The Philippines is open to new talks with China on oil and gas exploration, the Southeast Asian nationโs top diplomat said.
UK-listed Harbour Energy (LON:HBR) has cautioned that โpermeability was on the low side of expectationsโ at its play-opening deepwater Timpan-1 exploration well offshore Indonesia in the North Sumatra basin.
ExxonMobil (NYSE:XOM) and Indiaโs 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.
Indonesian upstream regulator SKK Migas has confirmed that Repsolโs (BME:REP) Kali Berau Dalam (KBD) gas discovery, initially thought to be the countryโs biggest find in 18 years, is significantly smaller than expected, putting the mega project in doubt.