Harbour spuds Gayo amid high follow-on hopes
"We hope that this exploration well will discover large oil and gas reserves, as we discovered through drilling the Layaran-1 well," Hudi said.
Indonesia
Mubadala, Harbour make significant Sumatra gas find
“This development offers material commercial opportunities and adds momentum to our strategic growth story. This is not only a significant development for Mubadala Energy but a huge milestone for Indonesia’s and Southeast Asia’s energy security,” he said.
Masdar stacks up deals on 20 GW of clean energy
Masdar head Al Ramahi said the Kyrgyzstan agreement marked a “new chapter for Masdar in our clean energy journey … we are glad to have the opportunity to bring the energy, passion and focus to hydropower that we have utilised for so many other renewable energy sources”.
Indonesia stacks up low-carbon deals in visit to US
The president went on to invite Exxon to invest in renewable energy and infrastructure, including for the new planned capital, Nusantara.
Eni profits slump, but talks up new gas hub in Indonesia
Geng North is thought to hold around 5 trillion cubic feet of gas and 400 million barrels of condensate. Eni sees the Kutei Basin becoming a “new world class gas hub”.
Eni keeps its eyes on LNG growth with Indonesia deal
The company said it aims to increase its LNG contracted volumes to more than 18 million tonnes per year of LNG by 2026.
Jadestone builds confidence at Montara and looks ahead
Jadestone CEO and president Paul Blakeley said Montara had been a “real problem”. The defect in July occurred in a tank that had already been inspected, he explained to Energy Voice.
Bumi Armada signs up to Indonesian FLNG plan
Once the partners reach a final investment decision (FID), it would take around three years to reach first gas.
Conrad lines up Sembcorp Gas for Mako gas offtake
The companies have agreed to aim to reach a definitive agreement by the end of December. If agreed, this would trigger a final investment decision (FID) on Mako.
Criterium drops plan for Indonesian purchase amid pricing woes
This mismatch prevents “any accretive equity financing”. As a result, the proposed pricing of the offer and purchase are not “in the best interest of the company and its shareholders”.
Saipem hands Indonesian LNG train over to BP
The engineering, procurement and construction (EPC) contract also covered an onshore receiving terminal, a 1-km long LNG jetty, an LNG and condensate loading berth and other utilities.
Pertamina eyes Kenya’s geothermal, upstream opportunities
Jokowi noted interest in investing in Kenya’s energy sector – and asked for support from the government to speed up the move.
Eni takes control of IDD, while Chevron focuses on low carbon options
Indonesia accounted for 0.1% of Chevron’s production in 2022. It lost the Rokan block in August 2021, which had contributed 130,000 bpd the previous year.
Shell strikes deal to sell stake in slow-moving Abadi
"The decision to sell our participation in the Masela PSC is in line with our focus on disciplined capital allocation,” said Zoë Yujnovich, Shell’s Integrated Gas and Upstream Director.
Jadestone sets out reasons for financing amid Akatara focus
“There is a short window of time when liquidity becomes a challenge,” the executive said, with this week’s fundraising to tide the company over.
Jadestone seals RBL for Akatara development
In April, the company reported work on Akatara was 28% complete. It is on track to reach first in the first half of 2024. Jadestone took final investment decision (FID) on the field in June 2022.
Inpex submits plan for Abadi LNG, including CCS
Shell is believed to have spent around $1.3 billion on the works already. Abadi LNG may cost $19.8bn, of which Shell’s stake would be around $6.3bn.
Five injured after explosion at Pertamina’s Dumai refinery
Five people were injured after an explosion at a refinery run by Indonesian state oil company Pertamina, the company’s third incident in recent weeks.
$5bn worth of oil and gas assets up for sale in Southeast Asia
Around three billion barrels oil equivalent (boe) of resources,worth a total $5 billion are on the market, in Southeast Asia.
Eni lines up Raia drilling this year with rig contract
Eni had hoped to drill off Mozambique in 2020 but COVID-19 interrupted plans, Esgian analyst Matthew Donovan said.
Indonesia confirms award of three exploration blocks
Indonesia has awarded a trio of exploration blocks to several consortia of oil and gas firms, in the first of a series awards expected this year.
Malaysia attracts more oil and gas investment as Petronas hosts stellar exploration round
Malaysia’s 2022 oil and gas bid round was a remarkable success, attracting fresh investment, new upstream explorers, as well as new ideas to the mix in Southeast Asia’s most successful market. Indeed, other Southeast Asian countries should take note as Malaysia also launched its 2023 round that will see more investors queuing up.
Images: Neptune marks fifth birthday with wooden replica of North Sea platform
A wooden replica of a North Sea gas platform – something of a departure from the usual cake, balloons and party hats.
APAC renewable energy deal value hits $19bn
Renewable energy M&A deal value in Asia Pacific increased by 11% year-on-year to $19 billion in 2022, primarily due to a surge in onshore wind and geothermal merger and acquisition activity.
Indonesia’s upstream player MedcoEnergi boosts capex by nearly 50%
Indonesian energy company MedcoEnergi (IDX:MEDC) will boost its capital expenditure by nearly 50% to about $370 million this year, with a bigger portion allocated to oil and gas development.