Singapore’s KrisEnergy is on the verge of collapse and eagle-eyed investors, seeking assets at bargain prices, are preparing to pick over the company’s carcass. However, given KrisEnergy’s recent dismal performance in Cambodia, there is not much left of interest.
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.
The Indonesian government has welcomed an Australian court ruling ordering Thailand’s PTT Exploration & Production (PTTEP) to pay compensation to Indonesian seaweed farmers following the 2009 Montara oil spill. The total bill could top more than $262 million.
Analysts at Macquarie bank believe Thai upstream player PTT Exploration & Production (PTTEP) is set to outperform as it is bolstered by strong crude prices and the mitigation of risk that output will disappoint at Erawan.
Thailand’s PTT Exploration & Production (PTTEP) reported it is having difficulty accessing the Chevron-operated Erawan gas field to install production facilities as planned, ahead of a handover next year.
News that Thailand’s PTT Exploration & Production (PTTEP) and Petronas have started first deep-water gas production from Block H bodes well for Malaysia’s vision to attract further investment in its deeper waters.
Malaysia’s Petronas has successfully started producing liquefied natural gas (LNG) from its second floating LNG (FLNG) vessel at the PTT Exploration & Production (PTTEP) operated Rotan gas field off Sabah.
Petrofac has won its first contract for decommissioning work in Australia after building a track record in the UK.
Thailand’s state-backed upstream player PTT Exploration & Production (PTTEP) said Monday that its $2.45 billion deal to buy a 20% stake in one of Oman’s strategic gas fields from UK major BP will pave the way for future investments in the Middle East.
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.
Houston oil field service company Halliburton landed a contract to add cloud computing technology that will improve production at offshore rigs in Thailand.
Thailand is issuing more liquefied natural gas (LNG) import licences as it attempts to liberalise its gas market and position itself as a regional LNG trading hub.
Demand destruction and sustained oil prices below $40 per barrel mean Asia Pacific is bracing itself for a brutal wave of cost cutting that will see its reliance on imports rise as upstream investment is hit hard.
An offshore worker on a North Sea platform has been quarantined over concerns around the outbreak of the coronavirus.
Looming wave of final investment decisions (FIDs) will provide massive boost for offshore oilfield service sector in Southeast Asia
Decommissioning Southeast Asia’s aging oilfields offers a vast but challenging market opportunity.
A dog has been rescued by a drilling crew at an oil platform which lies 135 miles off the coast of Thailand.
Thai oil firm PTTEP has delayed making a decision on whether to develop its wholly-owned Mariana oil sands project in Canada.
Thailand based Mermaid Maritime’s south east asian business units have been awarded subsea contracts with an estimated value of $4.3 million.
Shell will divest two of its Thai subsidiaries to the Kuwait Foreign Petroleum Exploration Company for $900million (£720million).
BP has entered into a 20 year sales and purchase agreement for liquefied natural gas (LNG) with Thailand’s PTT.
Petrofac has extended its relationship with Mubadala Petroleum with the award of new and modified contracts related to the floating production, storage and offloading vessel (FPSO) in the Gulf of Thailand.
Engineering consultancy Optimus (Aberdeen) is winding down its operations in Thailand.
Lamprell said it has completed the construction of a jack-up rig and its delivery to Shelf Drilling.
Thailand-based offshore drilling firm Mermaid Maritime has appointed a new regional director.