Petronas MPM reckons there is at least 6 billion barrels of oil equivalent (boe) waiting to be discovered in Malaysia’s deep waters.
Law makers in the Philippines are seeking to refocus the Philippine National Oil Company’s (PNOC’s) investment mandate towards exploration and production ventures. The move is part of an effort to revive the Southeast Asian nation’s ailing upstream sector and attract new investment as its energy security situation continues to deteriorate.
The floating offshore wind power market in Asia Pacific could offer investment opportunities worth up to $58 billion as a significant market for the technology is emerging, latest research from Wood Mackenzie shows.
Human rights groups and industry executives have slammed Woodside Energy’s rationale to proceed with a major gas development and exploration campaign in Myanmar following a military coup and subsequent bloody protests.
Indonesian national oil company (NOC) Pertamina is seeking to farm-down stakes in some of its key domestic assets taken over from international oil companies (IOCs) exiting Indonesia.
CNOOC, China’s third-biggest oil company, aims to raise its capital spending this year to between 90 billion and 100 billion yuan ($15 billion), the highest level since 2014, bucking the industry trend.
Petronas MPM has officially introduced Malaysia’s Small Fields Asset (SFA) production-sharing contract framework as part of an effort to revive its domestic upstream sector and lure new money.
In a challenging year for Chinese companies pursuing acquisitions abroad, Latin America emerged as a region where they were able to make some corporate marriages work.
ABIS Energy is passionate about Guyana. We have been engaged with the Guyana economy for the past 4 years and foresee a bright future.
Oil and gas industry warned it needs to become ‘wholly different’ as CCC releases landmark net zero report
North Sea oil and gas firms are being warned they will need to become “wholly different” if they want to retain their position in the structure of the UK’s economy.
Half of investors feel renewables have become a more attractive proposition during the Covid-19 crisis, according to a new study.
Low prices and dwindling dividends could encourage more investors to move away from oil and gas in favour of renewables, according to a leading oil and gas lawyer.
An Aberdeen engineering firm has expanded its team after obtaining substantial backing from a Malaysian energy services group earlier this year.
A new fund designed to support local regeneration and drive green recovery around Scotland’s coast post Covid-19 has been launched.
Saipem has confirmed it will “considerably” downsize its investment plans after posting pre-tax and interest losses of £644 million for the first half of this year.
An “unprecedented” level of investment will be needed in the coming years to ensure countries can meet the requirements set out in the Paris Climate Agreement.
Around 1,500 jobs created with every gigawatt of clean energy installed in Scotland, trade body claims
Around 1,500 jobs are created with every gigawatt (GW) of renewable energy built in Scotland, according to a new figures.
There is little doubt the first quarter of 2020 will go down in investment history as a “notable” period that investors will remember – alongside others such as 1987’s Black Monday, when US markets fell by more than 20% in one day and the global financial crisis of 2008-9.
The Crown Estate Scotland has announced it will use a multi-million investment to increase the scale of commercial offshore wind leasing in the North Sea.
Sainsbury's plans to invest £1 billion towards making its operations "net zero" by 2040 - a decade earlier than the UK's legal goal - it has announced.
The number of jobs in Scotland either created or safeguarded through foreign direct investment (FDI) has risen in the past year, according to new analysis.
Some of the most powerful people in Norway’s vast oil industry are increasingly worried about what they see as a lack of nuance in the criticism of fossil fuels.
Scottish business activity has fallen by 9% over the last three months against a backdrop of rising costs, falling investment and continued uncertainty, according to new figures.
Medium-sized oil companies are finding it more difficult to secure investment as fund managers’ attitudes to fossil fuels worsen, an industry stalwart said.
Investors may soon be lining up to take advantage of opportunities in a growing north-east economy, council chiefs said yesterday.