Malaysia’s domestic oil and gas order flows improving
PETALING JAYA: Although global oil and gas exploration and production (E&P) investment is expected to be flat this year, Malaysia is seeing improving domestic order flows, said AmInvestment Bank Research (AmResearch). Malaysia’s order flows in the first quarter of this year saw a quarter-on-quarter (q-o-q) improvement as listed companies announced contracts valued at RM3.3 billion, […]
Temasek’s Pavilion Energy imports Singapore’s first carbon-neutral LNG cargo
SINGAPORE – Temasek unit Pavilion Energy has imported Singapore’s first carbon-neutral liquefied natural gas (LNG) cargo, the company announced on Thursday (April 15). Carbon emissions associated with the cargo from well to tank, including extraction and transportation, will be offset by carbon credits sourced from Pavilion Energy’s portfolio of carbon offset projects. An average LNG […]
MMHE to Build Offshore Platform, Pipeline for SapuraOMV’s Jerun Field
Malaysia’s offshore energy infrastructure construction firm Malaysia Marine and Heavy Engineering (MMHE) has won a contract from SapuraOMV to build and install a platform and pipelines for the oil company’s SK408W Jerun Development Project, offshore Sarawak, Malaysia. The contract is for the construction of an approximately 15,000-metric tonne (MT) topside, 10,000 MT jacket, and 5,000 […]
Welltec bags well intervention deal with Petronas
Danish offshore energy technology firm Welltec has won an exclusive three-year contract from Malaysian energy major Petronas. Under the agreement, Welltec will become the sole provider of downhole conveyance and powered mechanical services in both East and West regions of Malaysia. “It’s a great team effort that has led to the award of this exclusive […]
Vietnam eyes $128bn investment in gas and renewables
Vietnam will need more than $128 billion of investment to achieve bullish targets in its latest power development plan that seeks to expand gas and renewable generation capacity over the next decade.
KrisEnergy restructuring plan no longer viable as Apsara oil field shows ‘disappointing’ results
THE CONTINUED “disappointing” results of KrisEnergy’s Apsara oil field in Cambodian oil concession Block A means its restructuring plan is no longer viable, the troubled oil and gas group said in a bourse filing on Tuesday. There remains “material uncertainty” over the company’s ability to continue as a going concern.
Petronas Declares Force Majeure on Offshore Field in Myanmar
Malaysia’s state energy firm Petronas said on Friday that its Myanmar unit had declared force majeure on its Yetagun field on Thursday due to depletion of gas production. The decision came after challenges that resulted in the production rate dropping below the technical threshold of the offshore gas processing plant, Petronas said in a statement. […]
Poor output at Cambodia’s first oil well puts operator at risk
PHNOM PENH — Four months after becoming the first company to draw oil from a Cambodian well, Singapore-listed KrisEnergy is warning that its future as a going concern is at risk. The company revealed last week that production at the offshore concession, known as the Apsara oil field, was far lower than forecast, creating “material […]
