Pharos cuts better deal in Egypt, seeks farm out
Pharos Energy intends to farm out its Egyptian assets, with the company hiring Jefferies to handle the process.
Vietnam
Japan Inc readies for face off with Beijing offshore Vietnam
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.
UK chases Asia’s largest offshore wind farm in Vietnam
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 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.
Mubadala Petroleum eyes $2bn Southeast Asia sale
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 discovery dents value of ExxonMobil’s Blue Whale in Vietnam
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.
Petronas to stoke Chinese fury as Transocean drills in South China Sea
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 rattles oil companies in South China Sea off Vietnam
Beijing has increased pressure on Hanoi thereby derailing yet another upstream project in the South China Sea.
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.
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.