A pair of oil and gas fields controlled by Japanese companies offshore Vietnam could become a potential flash point in the disputed waters of the South China Sea as Beijing continually seeks to aggressively assert its claims.
Chevron is seeking contractors for a major retirement campaign across the Gulf of Thailand as the Southeast Asian nation braces for a huge wave of decommissioning.
Mubadala Petroleum has put its Southeast Asia portfolio up for sale for $2 billion. The Abu Dhabi-based company will be following in the footsteps of ExxonMobil, Chevron, Shell, Murphy Oil, Hess, Repsol and Eni, all of which are looking to sell assets in the Asia region.
Eni’s recent gas discovery offshore Vietnam puts further pressure on ExxonMobil to reduce the value of its Blue Whale project as the U.S. major hunts buyers for what could be the country’s largest-ever gas development.
Beijing has increased pressure on Hanoi thereby derailing yet another upstream project in the South China Sea.
Eni has confirmed the presence of a giant gas and condensate field in Block 114 in the Song Hong Basin off Vietnam.
Sonatrach and partners in the Bir Sebaa licence have signed a contract with Maire Tecnimont on the construction of a second central processing facility (CPF).
Looming wave of final investment decisions (FIDs) will provide massive boost for offshore oilfield service sector in Southeast Asia
Decommissioning Southeast Asia’s aging oilfields offers a vast but challenging market opportunity.
Construction has begun at the Thi Vai regasification terminal in Vietnam.
Subsea firm TechnipFMC has announced a multi-million pound deal with PetroVietnam Gas for pipeline work in Southeast Asia.