Valaris wins rig contract extension in Thailand for Mubadala
Offshore drilling company Valaris, which last week emerged from bankruptcy, has won a contract extension for its Valaris JU-115 jack-up rig offshore Thailand
Thailand
Chevron pledges smooth transfer of Thai gas field to PTTEP
Chevron’s recently-appointed president Chatit Huayhongtong has pledged to ensure a smooth transfer of its Erawan gas field, now facing a legal dispute, to Thai upstream company PTT Exploration and Production (PTTEP), reported the Bangkok Post.
Thailand’s PTTEP eyes more acquisitions
Thai upstream player PTT Exploration and Production (PTTEP) plans to keep acquiring new production assets in the Middle East and Southeast Asia to boost reserves and bolster sales.
Beacon Offshore hires Claxton for Thailand decommissioning work
Claxton, the lead brand of UK-based Acteon's drilling and decommissioning business segment, has signed a master services agreement with Thailand-based Beacon Offshore for the severance and recovery of more than 100 subsea wells in the Gulf of Thailand.
Thailand’s PTTEP outperforms after “bargain” Oman acquisition
Thailand’s PTT Exploration & Production (PTTEP) reported net profit of $376 million for the first quarter 2021 on the back of higher oil prices and gains from the “bargain purchase” of Oman Block 61 from BP.
Vultures start to circle Singapore’s KrisEnergy
Singapore’s KrisEnergy is on the verge of collapse and eagle-eyed investors, seeking assets at bargain prices, are preparing to pick over the company’s carcass. However, given KrisEnergy’s recent dismal performance in Cambodia, there is not much left of interest.
KrisEnergy’s Vietnam farm-out deal delayed again
Southeast Asia-focused upstream player KrisEnergy has yet again delayed the completion date of the proposed farm-out of its entire interest in Block 115/09 offshore Vietnam.
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.
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 and Petronas start up key Malaysian deep-water gas field
News that Thailand’s PTT Exploration & Production (PTTEP) and Petronas have started first deep-water gas production from Block H bodes well for Malaysia’s vision to attract further investment in its deeper waters.
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.
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.
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.
Chevron seeks bids for huge Thai decommissioning wave
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.
Halliburton bringing cloud-based tech to offshore rigs in Thailand
Houston oil field service company Halliburton landed a contract to add cloud computing technology that will improve production at offshore rigs in Thailand.
Thailand opens up LNG market, eyes regional trade
Thailand is issuing more liquefied natural gas (LNG) import licences as it attempts to liberalise its gas market and position itself as a regional LNG trading hub.
Upstream spend at risk in Asia Pacific
Demand destruction and sustained oil prices below $40 per barrel mean Asia Pacific is bracing itself for a brutal wave of cost cutting that will see its reliance on imports rise as upstream investment is hit hard.
North Sea worker quarantined on Taqa platform over coronavirus concerns
An offshore worker on a North Sea platform has been quarantined over concerns around the outbreak of the coronavirus.
Australia leads in bumper year for Asia Pacific FIDs
Looming wave of final investment decisions (FIDs) will provide massive boost for offshore oilfield service sector in Southeast Asia
Southeast Asia braces for huge wave of decommissioning
Decommissioning Southeast Asia’s aging oilfields offers a vast but challenging market opportunity.
VIDEO: Dog rescued at oil platform 135miles from shore
A dog has been rescued by a drilling crew at an oil platform which lies 135 miles off the coast of Thailand.
Thailand’s PTTEP puts of decision on Canada oil sands project
Thai oil firm PTTEP has delayed making a decision on whether to develop its wholly-owned Mariana oil sands project in Canada.
Mermaid Maritime clinches two new contracts
Thailand based Mermaid Maritime’s south east asian business units have been awarded subsea contracts with an estimated value of $4.3 million.
Shell divests Thai assets worth more than £700m
Shell will divest two of its Thai subsidiaries to the Kuwait Foreign Petroleum Exploration Company for $900million (£720million).