Eni strikes one of the biggest gas finds in Southeast Asia for 20 years
Eni has confirmed the presence of a giant gas and condensate field in Block 114 in the Song Hong Basin off Vietnam.
Vietnam
Pharos warns of Egyptian decline
Pharos Energy has put on hold all development work in Egypt, which will lead production to decline.
ExxonMobil eyes foothold in Vietnam LNG market
ExxonMobil is exploring opportunities to invest in LNG-to-power projects in Vietnam as the country faces chronic electricity shortages and Hanoi welcomes US companies to fix a trade imbalance.
BlackRock warns Korean utility on overseas coal plant push
BlackRock Inc. has challenged Korea Electric Power Corp. over plans to invest in new coal-fired power plants in Vietnam and Indonesia.
Beijing triumphs in South China Sea oil spat
China has arguably triumphed in its face-off with Malaysia over oil and gas exploration in the disputed waters of the South China Sea.
Beijing harasses Petronas and Shell off Malaysia
A four-month long standoff over oil and gas operations in the South China Sea is intensifying between Malaysian, Chinese, and Vietnamese ships, though all three governments have managed to keep it out of the public eye, until very recently.
Pharos puts dividend on hold, pulls production guidance
Pharos Energy has set out plans to spend around $45 million in 2020 but has suspended production guidance from Egypt in response to the oil price pressures.
Pharos pushes Egyptian work after slow start
Pharos Energy’s Egyptian assets have increased production slower than expected but should overtake the company’s Vietnamese volumes this year.
Southeast Asia braces for huge wave of decommissioning
Decommissioning Southeast Asia’s aging oilfields offers a vast but challenging market opportunity.
Thi Vai work begins in Vietnam
Construction has begun at the Thi Vai regasification terminal in Vietnam.
Magnolia LNG lined up for Vietnam supplies
The Australian developer of a US-based liquefaction project is working on plans to supply an LNG-to-power project in Vietnam.
McDermott bags contract for pair of Vietnamese gas field projects
McDermott International has inked a deal to provide transport and installation services for two gas and condensate field developments off Vietnam.
MEM wins deal for intertidal Tra Vinh windfarm
Modern Energy Management (MEM) has won the project management services for development of the intertidal Tra Vinh windfarm.
MEM engaged by renewable investors to deliver multi-million Southeast Asia projects
Renewable development consultant, Modern Energy Management (MEM), has been tapped by investors to facilitate wind and solar projects in Myanmar, Vietnam, Indonesia and the Philippines.
Germany condemns Vietnam over ‘kidnap’ of ex-oil executive
The German government has accused Vietnamese intelligence services of involvement in what it called the kidnapping in Berlin of a former Vietnamese oil executive.
Aker Solutions wins Vietnam deal, supports 100 jobs
Aker Solutions has won work with Idemitsu Oil and Gas in Vietnam.
China rejects Vietnam claims over rig in South China Sea
China has rejected Vietnam's second demand this year to move a controversial oil rig and drop its plans to drill in disputed waters in the South China Sea.
Vietnam demands China moves controversial oil rig
Vietnam has demanded China moves a controversial oil rig as well as abandoning plans to start drilling in waters where jurisdiction is unclear.
Rosneft commences drilling offshore Vietnam
Rosneft has commenced exploratory drilling of a block offshore Vietnam.
China claims rig not in disputed waters after Vietnam complains
China's Foreign Ministry has claimed a $1billion deepwater oil rig was not drilling in disputed territory in the South China Sea. It comes after a warning from Vietnam against such activity.
Mitra Energy gets approval from Vietnamese government for two fields
Mitra Energy said it has been given approval from the Vietnamese government for its reserve assessment reports for the Nam Du and U Minh fields. The company said agreement has been reached for Mitra to be assigned the full 35% working interest in Block 51 PSC formerly held by the Kuwait Foreign Petroleum compay.
Joint venture pulls out of Vietnam block
Pan Pacific Petroleum (PPP) and its joint venture (JV) partners have withdrawn from a block in Vietnam after unsuccessful drilling of the Whale prospect. The company said the decision was also influenced by the inability to secure a farm-in partner to share the costs and risk of drilling an additional well in the licence.
Wood Group wins Talisman Energy subsea contract
Wood Group has won a front end engineering and design (FEED) contract for the subsea development of the Talisman Energy Ca Rong Do field offshore Vietnam. The work will be carried out by Wood Group Kenny (WGK) who will also complete comprehensive flow assurance studies. WGK’s Kuala Lumpur office will conduct the work on the subsea FEED and will be supported by other offices in Asia Pacific.
SOCO profits hit by oil price slump
Oil and gas explorer SOCO has seen its profits plunge in the first six months of the year, but continues to focus on its Vietnam operations.
Chinese rig move accelerates downturn in Vietnam’s tourism industry
China's provocative parking of a giant oil rig near the disputed Paracel Islands in the South China Sea was at the heart of tensions that have caused a slump in Chinese tourist visits to Vietnam.