UK-listed Pharos Energy is excited about its upcoming Vietnam activities with a 3D seismic shoot lined up over a high-potential exploration permit and a six-well production drilling programme set to start at its Te Giac Trang offshore oilfield.
Italy’s Eni has expanded its acreage position around a major gas discovery offshore Vietnam after acquiring a 100% interest in Block 115/09 from struggling Singapore company KrisEnergy.
Southeast Asia-focused upstream player KrisEnergy has finally completed the farm-out of its entire interest in Block 115/09 offshore Vietnam.
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.
Italy’s Eni has started drilling a key shallow-water exploration well a short distance from its large Ken Bau discovery offshore Vietnam.
Law firm Allens has strengthened its market position in Vietnam with the appointment of Giles Cooper as a partner in the company's Hanoi office.
TNB Renewables, a subsidiary of Malaysian national electricity provider Tenaga Nasional Berhad (TNB), will buy a 39% share in five solar rooftop projects from Singapore’s Sunseap Group in Vietnam.
Asia Pacific-focused Jadestone Energy is preparing to re-issue a tender for a floating production storage and offloading (FPSO) vessel for its planned gas development at Nam Du and U Minh off Vietnam.
Demand for LNG will continue rising, Shell expects, leading the company to warn of a supply shortage by the mid-decade.
Australia, Japan and Vietnam are leading the shift to renewable energy in Asia Pacific, according to the latest research from IHS Markit. Significantly, coal and gas power plants are also being built at a brisk pace as part of the energy mix across the region.
Upstream merger and acquisitions (M&A) deals are expected to rebound in Asia Pacific this year after plunging to their lowest level this century in 2020, when the pandemic and collapse in oil and gas prices killed activity.
Beijing is expected to keep harassing oil and gas operations in disputed areas of the South China Sea this year, particularly offshore Malaysia.
Pharos Energy intends to farm out its Egyptian assets, with the company hiring Jefferies to handle the process.
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.
The UK proposes to help develop one of the world’s largest offshore wind projects in Vietnam, where the market is expected to boom.
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.
Analysts are expecting a backlash from Beijing as Malaysian national oil company (NOC) Petronas prepares to drill in gas-rich Block SK 316 in the South China Sea off the eastern Malaysian state of Sarawak.
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.
Pharos Energy has put on hold all development work in Egypt, which will lead production to decline.
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 Inc. has challenged Korea Electric Power Corp. over plans to invest in new coal-fired power plants in Vietnam and Indonesia.
China has arguably triumphed in its face-off with Malaysia over oil and gas exploration in the disputed waters of the South China Sea.