China has arguably triumphed in its face-off with Malaysia over oil and gas exploration in the disputed waters of the South China Sea.
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 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 Energy’s Egyptian assets have increased production slower than expected but should overtake the company’s Vietnamese volumes this year.
Decommissioning Southeast Asia’s aging oilfields offers a vast but challenging market opportunity.
Construction has begun at the Thi Vai regasification terminal in Vietnam.
The Australian developer of a US-based liquefaction project is working on plans to supply an LNG-to-power project in Vietnam.
McDermott International has inked a deal to provide transport and installation services for two gas and condensate field developments off Vietnam.
Modern Energy Management (MEM) has won the project management services for development of the intertidal Tra Vinh windfarm.
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.
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 has won work with Idemitsu Oil and Gas in Vietnam.
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 has demanded China moves a controversial oil rig as well as abandoning plans to start drilling in waters where jurisdiction is unclear.
Rosneft has commenced exploratory drilling of a block offshore Vietnam.
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 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.
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 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.
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.
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.
Gazprom Neft has signed an agreement which will see the company purchase a 49% stake in PetroVietnam. A deal was signed with the state oil and gas group's chief executive Nguyen Xuan during a visit by Russian Prime Minister Dmitry Medvedev to the Vietnam.