‘Much further justification needed’ 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.
exploration
Ping Petroleum wins first Malaysia oil and gas PSCs
Petronas has awarded Ping Petroleum two production sharing contracts (PSCs) for discovered oil and gas resources in Malaysia marking the company’s debut in its home country.
Sri Lanka set to open 900 offshore blocks for oil and gas exploration
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 to start drilling for more Indonesia oil and gas in September
Harbour Energy plans to start more frontier oil and gas exploration drilling offshore Indonesia’s Aceh province in September of this year, according to local reports.
Philippine Supreme Court revokes South China Sea oil and gas exploration deal
Philippine oil and gas drillers tumbled Wednesday after the top court voided the nation’s 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.
Cnooc lifts spending to raise energy supply as China reopens
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 company starts oil drilling in Myanmar
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.
Malaysia doubles exploration success in 2022 with 10 discoveries
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.
Harbour Energy and Mubadala plan more exciting deepwater exploration in Indonesia
UK-based Harbour Energy (LON:HBR) and UAE-based Mubadala Energy are both planning separate exciting deepwater drilling campaigns in frontier waters offshore Indonesia’s Aceh province next year.
Repsol and Petronas’ Andaman deepwater probe disappoints in Indonesia
Repsol’s (BME:REP) much-anticipated Rencong-1X wildcat exploration well in the frontier deep-waters of Indonesia’s North Sumatra basin has failed to find commercial oil and gas reserves.
Thai upstream player PTTEP to spend $29bn over five years
Thailand’s 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.
Gas key for energy transition as Indonesia seeks $179bn upstream investment
Natural gas is seen as an essential component of Indonesia’s 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 Asia’s largest economy.
Malaysian pair, Petronas and PETROS, sign gas and CCS deals
Petronas has signed two key agreements with Petroleum Sarawak (PETROS) on collaboration opportunities under the Sarawak Gas Roadmap that will help accelerate both parties’ shared aspirations to sustainably grow the Malaysian state’s energy industry.
NEO strikes deal with Equinor on 100m barrel North Sea prospect
NEO Energy has become operator of the Isolde exploration target in the UK North Sea after striking a deal with Equinor.
Baron Oil share price surges as expectations of big gas find rise off East Timor
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.
CNOOC says it finds first deep-water gas field in South China Sea
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, Mubadala and Shell strike gas offshore Malaysia
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 to assess exploration potential in India with ONGC
Chevron (NYSE:CVX) confirmed that its wholly owned subsidiary, Chevron New Ventures, has entered into a memorandum of understanding (MOU) with India’s 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 target 100m barrel North Sea exploration prize
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-led Andaman project in Indonesia to pump first gas in 2028
Harbour Energy is expected to start gas production from its Andaman II Block offshore Indonesia in 2028, according to a senior Indonesian government official.
Malaysia’s Petronas eyes more acreage offshore Indonesia’s Aceh in exploration hotspot
Malaysia’s national oil company Petronas is considering acquiring further upstream acreage offshore Indonesia’s 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.
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.
Harbour Energy sounds word of caution at Timpan discovery in Indonesia
UK-listed Harbour Energy (LON:HBR) has cautioned that “permeability was on the low side of expectations” at its play-opening deepwater Timpan-1 exploration well offshore Indonesia in the North Sumatra basin.
ExxonMobil teams up with India’s ONGC for deepwater exploration
ExxonMobil (NYSE:XOM) and India’s 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.
Indonesia confirms disappointing downgrade at Repsol gas discovery
Indonesian upstream regulator SKK Migas has confirmed that Repsol’s (BME:REP) Kali Berau Dalam (KBD) gas discovery, initially thought to be the country’s biggest find in 18 years, is significantly smaller than expected, putting the mega project in doubt.