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Jadestone acquiring two Malaysian PSCs

SINGAPORE – Jadestone Energy has agreed to acquire various field interests offshore Peninsular Malaysia from SapuraOMV Upstream for $9 million. The transaction would give Jadestone a 70% operated interest in the PM329 PSC, containing the East Piatu field, and a 60% operated stake in the PM323 PSC, containing the East Belumut, West Belumut, and Chermingat […]

Malaysia’s Petronas exports LNG in ISO tanks to China

Malaysia’s Petroliam Nasional Bhd said on Monday that it has started exports of liquefied natural gas (LNG) in ISO tanks to China from its filling facility in Pengerang in the southern state of Johor.

Sapura Energy secures six oil and gas contracts worth RM1b

KUALA LUMPUR (April 27): Sapura Energy Bhd said today its wholly-owned subsidiaries in engineering and construction (E&C) have been awarded six contracts with a combined value of approximately RM1 billion.

Indonesia’s Krakatau Steel to build 40 MW floating solar power station

JAKARTA (The Jakarta Post/ANN): State-owned steelmaker Krakatau Steel plans to build a 40 megawatt (MW) floating solar photovoltaic (PV) power station in Banten to power the operations of its water treatment subsidiary, PT Krakatau Tirta Industri (KTI). KTI signed a US$14 million deal on Monday (April 5) with energy company Akuo Energy Indonesia, a subsidiary […]

O&G players seek clarity on Malaysia’s future energy direction

KUALA LUMPUR: Oil and gas companies operating in Malaysia are seeking more clarity on the country’s future direction in the energy transition in line with the global trend of accelerating to a low or zero-carbon future. ExxonMobil Exploration and Production Malaysia Inc president Edward Graham said most O&G players were finding ways to be cost-competitive […]

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.

Indonesia Energy Recognized as Top 3 Performer in 2020

JAKARTA, INDONESIA and DANVILLE, CA / ACCESSWIRE / February 26, 2021 / Indonesia Energy Corporation Limited (NYSE:INDO) (“IEC”), an oil and gas exploration and production company focused on Indonesia, today announced that IEC’s operating company has been recognized by the state oil and gas company, Pertamina, as the top three performer in 2020 among 19 oil […]

State-owned Cambodian electricity company shortens contract with Asiatic Group subsidiary

A state-owned Cambodian electricity supplier is shortening the duration of a power purchase agreement that it has with a unit of Asiatic Group (Holdings).

Can striking oil turn Cambodia’s economy around?

In a Facebook post, Cambodia’s Prime Minister Hun Sen described the country’s first few drops of oil as “a blessing for Cambodia” and “an important first step”.

SkillUP set to transform work environment

The Manpower Industry Steering Committee Working Group for Energy (MISC-WG Energy) Lead Hajah Rosita binti Hassan yesterday delved into how the newly launched SkillUP application is set to transform the work environment across the nation. The application was developed in tandem with the iSKill programme to ensure the workforce’s skills set meets international standards.