Petronas declares force majeure in Myanmar
Malaysian national oil company (NOC) Petronas has declared force majeure on its Yetagun field off Myanmar, which is on the brink of civil war, due to the depletion of gas production.
PTT Exploration and Production (PTTEP)
Australia rules against Thailand’s PTTEP over oil spill
The Indonesian government has welcomed an Australian court ruling ordering Thailand’s PTT Exploration & Production (PTTEP) to pay compensation to Indonesian seaweed farmers following the 2009 Montara oil spill. The total bill could top more than $262 million.
Thailand’s PTTEP to outperform
Analysts at Macquarie bank believe Thai upstream player PTT Exploration & Production (PTTEP) is set to outperform as it is bolstered by strong crude prices and the mitigation of risk that output will disappoint at Erawan.
Big oil steps up investments in Indian gas and renewables
Majors, such as BP, Total and Shell, as well as Asian national oil companies (NOCs), are stepping up their investments in India’s rapidly expanding gas and renewables markets.
PTTEP warns Chevron handover at Erawan a key risk
Thailand’s PTT Exploration & Production (PTTEP) reported it is having difficulty accessing the Chevron-operated Erawan gas field to install production facilities as planned, ahead of a handover next year.
PTTEP strikes more gas off Malaysia
Thai national oil company PTT Exploration & Production (PTTEP) has hit sweet gas with its first exploration well, the shallow-water Dokong-1, in Block SK417, off the Malaysian state of Sarawak.
Protesters call on Total, PTTEP and Petronas to stop Myanmar payments
Transparency campaigners in Myanmar have appealed to foreign upstream producers to stop paying revenue to the military-led government which seized power in coup on 1 February.
Petronas celebrates historic start-up of second FLNG unit
Malaysia’s Petronas has successfully started producing liquefied natural gas (LNG) from its second floating LNG (FLNG) vessel at the PTT Exploration & Production (PTTEP) operated Rotan gas field off Sabah.
PTTEP, Kufpec make historic gas find off Malaysia
PTT Exploration and Production (PTTEP) and Kuwait Foreign Petroleum Exploration Company (Kufpec) have made a major gas find while drilling offshore Malaysia.
Petrofac wins its first Australia decommissioning contract
Petrofac has won its first contract for decommissioning work in Australia after building a track record in the UK.
Japanese upstream players accelerate exit plans
Japanese companies are increasingly focused on upstream portfolio rationalisation, with divestment of non-operated stakes in smaller oil, as well as other non-core assets, expected to accelerate, research from Wood Mackenzie shows.
Chinese energy firms set to benefit from Myanmar turmoil
There is a high risk that political turmoil in Myanmar will negatively affect the energy sector, however, Chinese companies look set to benefit from the tumultuous environment, according to Fitch Solutions Country Risk & Industry Research.
Logistical risks rise for E&P players in Myanmar after coup
The atmosphere in Myanmar remains volatile after the military seized power from the National League for Democracy (NLD) government and is creating logistical challenges for upstream companies, including Woodside Energy, that operate in the country.
Myanmar faces energy crunch after military coup, needs more LNG
Myanmar faces a potential energy crunch following a bloodless military coup that is set to delay urgent upstream investment and derail vital liquefied natural gas (LNG) import projects.
Thailand’s PTTEP eyes more Middle East deals after $2.45bn BP pact
Thailand’s state-backed upstream player PTT Exploration & Production (PTTEP) said Monday that its $2.45 billion deal to buy a 20% stake in one of Oman’s strategic gas fields from UK major BP will pave the way for future investments in the Middle East.
Eni, PTTEP take Abu Dhabi offshore block
Eni and Thailand’s PTT Exploration and Production (PTTEP) have won the first offshore block in Abu Dhabi’s second bid round, Adnoc has announced.
Total secures Mozambique LNG financing
The $14.9 billion Mozambique LNG financing has been signed, Oil India Ltd (OIL) has said.