Total and Chevron stop cash dividends by joint venture with Myanmar junta ties
Total and Chevron will suspend cash distribution by a joint venture that counts a Myanmar state-owned company as a shareholder.
E&P
Indonesia’s Saka Energi’s upstream assets could be up for sale
The assets of troubled upstream player Saka Energi could be put up for sale as part of an effort to resolve the heavily indebted company’s financial predicament amid a tussle between Indonesia’s state-owned enterprises (SOEs).
India’s oil industry braces as new cyclone nears
India’s oil industry is bracing itself as a powerful cyclone is set to slam into India early Wednesday morning, the second in less than two weeks.
Santos starts drilling at East Timor’s Bayu-Undan to keep Darwin LNG running
Santos has started its $235 million Phase 3C infill drilling campaign offshore East Timor in an effort to extend the life of the Bayu-Undan field. If successful, the Santos-led Darwin liquefied natural gas (LNG) export plant in Australia, which is fed by the ageing field, will not need to be shut down while new supplies of gas are developed.
India’s ONGC seeks to buy new build jack-up rigs
India’s Oil & Natural Gas Corporation (ONGC) is seeking to buy newly built jack-up drilling rigs as the national oil company (NOC) looks to secure long-term offshore drilling capacity.
Repsol getting ready to drill offshore Malaysia
Westwood Global Energy reported that Repsol has opened commercial packages for its outstanding jack-up tender for drilling offshore Malaysia and is going through final evaluations before sending it to Petronas for approval.
BP restarts Tangguh LNG Train 2 in Indonesia
BP has restarted operations at its second liquefied natural gas (LNG) export train at the Tangguh complex in Indonesia following mechanical irregularities.
Shell’s Malampaya exit bodes well for the Philippines
Philippine tycoon Dennis Uy's Udenna conglomerate struck a deal worth up to $460 million to buy a gas exploration and development company from Shell last week. The deal, which attracted a premium valuation and boosts Udenna’s share in the Malampaya gas field to 90%, is positive for both the Philippines and Shell.
PTTEP hits more gas with Malaysian wildcat
Thailand’s PTT Exploration & Production (PTTEP) and Malaysia’s Petronas have made a second gas discovery in the shallow waters of Balingian province off the Malaysian state of Sarawak.
Glimmers of hope for giant Vietnam offshore gas project
There are increasing signals that the long-stalled multi-billion dollar Block B gas project offshore Vietnam could finally start making progress again this year.
Japex sells Canadian shale gas stake to Petronas
Japan’s Japex will sell its 10% stake in a Canadian shale gas project to Malaysia’s Petronas amid concerns over profitability and its carbon footprint.
Analyst upgrades Velesto after rig working for ConocoPhillips sinks off Malaysia
The sinking of Velesto Energy’s NAGA (dragon) 7 jack-up rig offshore Malaysia has prompted investment firm CGS-CIMB to upgrade the drilling company as the closed-door investigation into the accident continues.
Seadrill Partners wins more Malaysia drilling with West Capella
Seadrill Partners will use its West Capella drillship to drill four wells offshore Malaysia for an unnamed client in a deal worth about $43 million.
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
PTTEP seeks rig for Myanmar drilling campaign
Thailand’s PTT Exploration & Production (PTTEP) is seeking a moored floating drilling rig for an appraisal drilling campaign off Myanmar.
Harbour Energy seeks deep water rig for Indonesia probe
UK-listed Harbour Energy is seeking a deep-water drilling rig as it prepares to probe the deep waters of Indonesia’s North Sumatra basin.
Petronas gives IPC full ownership of Bertram field off Malaysia at no cost
Canadian-based International Petroleum Corporation (IPC) has taken full control of the Bertam field offshore Peninsular Malaysia.
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.
Petronas awards Tanjung Offshore $12m decommissioning deal
Malaysian offshore service provider Tanjung Offshore, part of T7 Global, has received a $12.2 million contract from Petronas for the provision of plug and abandonment integrated services on the Pulai A field offshore Malaysia.
Total accused of alleged profiteering in Myanmar
Activist group Justice For Myanmar, which documents military-linked financial matters in the country, has accused French major Total of making excessive profits at Myanmar’s expense.
Velesto evaluates recovery options for sunken rig off Malaysia
Malaysia’s Velesto Energy is evaluating potential recovery options for its jack-up drilling rig NAGA (dragon) 7 that sunk off the Malaysian state of Sarawak while working for ConocoPhillips.
EXCLUSIVE: Velesto rig contracted by ConocoPhillips sinks off Malaysia
A jack-up drilling rig owned by Malaysia’s Velesto Energy, and working for ConocoPhillips, off the Malaysian state of Sarawak, has sunk.
Santos eyes Darwin LNG expansion
Santos is exploring potential liquefied natural gas (LNG) expansion developments for its Darwin export plant in northern Australia after signing a memorandum of understanding with Italy’s Eni.
Eni and Santos eye carbon capture opportunities at East Timor’s Bayu Undan
Australia’s Santos and Italy’s Eni are investigating options to re-purpose the Bayu Undan facilities to extend the life of the project, including a carbon capture and storage (CCS) scheme.