Saipem, Worley and other majors win FEED roles in INPEX’s Indonesian LNG project
INPEX Masela, a subsidiary of Japan’s INPEX, has started the activities relating to the front end engineering and design (FEED) portion of work at the liquefied natural gas (LNG) project it operates in Indonesia’s Masela block.
Indonesia’s Oil Output Hits Budget Target for First Time Since 2008
Jakarta. Indonesia’s daily crude oil production has surpassed the government’s official target for the first time in 17 years, marking a significant milestone in the country’s effort to revive its oil industry, Energy and Mineral Resources Minister Bahlil Lahadalia announced on Wednesday.
Pertamina Awaits Instructions to Develop Ambalat with Malaysia
Jakarta. A top brass at the state-run oil giant Pertamina said Wednesday that the company was still waiting for instructions to develop the resource-rich Ambalat Block together with its close neighbor, Malaysia. Once the government gives its nod, the company stands ready to deploy its resources to tap into its abundant oil reserves, according to Edi Karyanto, […]
Malaysia’s Sapura Energy nets $118M in contracts with long-term Thai clients
Malaysian oil & gas services provider Sapura Energy has secured new contracts with Chevron’s Thailand subsidiaries, as well as with Thai national oil & gas company PTT Exploration and Production (PTTEP), that together have a value of over RM 500 million (roughly $118 million).
PTTEP enlarges gas portfolio in Southeast Asia with new acquisition
PTT Exploration and Production Public Company Limited (PTTEP), Thailand’s national oil and gas player, has made a play for a stake, which Hess Corporation, now part of Chevron, holds in a block that is part of a natural gas and condensate production project between Malaysia and Thailand.
Valeura Energy strikes a deal with PTTEP to expand its Thai oil & gas footprint
Canada-based Valeura Energy, an oil and gas company, has made a move to acquire partial stakes from Thailand’s national oil and gas player, PTT Exploration and Production Public Company Limited (PTTEP), in two offshore blocks off the coast of Thailand.
Philippines Coal Power Set for Rare Decline as Gas Generation Rises
The Philippines, one of the world’s most coal-dependent power markets, has boosted LNG imports and gas-fired power generation in recent years, to the point of being on track to see the first decline in coal power generation in 17 years.
Chevron eyes a return to Indonesia’s upstream oil & gas sector
Global energy giants, including Chevron and Shell, are showing renewed interest in Indonesia’s upstream oil and gas sector, as the government intensifies efforts to attract foreign investment through fiscal reform and improved exploration data access.
