Jadestone seeks FPSO for Vietnam

Asia Pacific-focused Jadestone Energy is preparing to re-issue a tender for a floating production storage and offloading (FPSO) vessel for its planned gas development at Nam Du and U Minh off Vietnam.

Chevron plans to increase Caltex petrol stations to 100

The government has welcomed Chevron (Cambodia) Ltd’s plan to nearly triple its network of Caltex petrol stations in the Kingdom to 100, according to a senior official at the Ministry of Mines and Energy on February 28.

PTTEP warns Chevron handover at Erawan a key risk

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.

Petronas strikes oil off Indonesia

Malaysian national oil company (NOC) Petronas has hit oil at its North Madura II production-sharing contract (PSC) offshore East Java, Indonesia.

Thailand’s PTT targets $28bn investment for 2021-25

Thailand’s state-controlled oil firm PTT is planning investment of 850.6bn baht ($28.3bn) across all its operations over the next five years, as it focuses on developing the country’s LNG and natural gas industry while seeking future energy opportunities.

Philippines pushing for upstream renaissance

Law makers in the Philippines are seeking to refocus the Philippine National Oil Company’s (PNOC’s) investment mandate towards exploration and production ventures. The move is part of an effort to revive the Southeast Asian nation’s ailing upstream sector and attract new investment as its energy security situation continues to deteriorate.