Singapore’s Pavilion Energy has signed a 10-year deal to buy liquefied natural gas (LNG) from BP’s (BP.L) Singapore unit starting in 2024, the companies said on Wednesday, as the city-state seeks to diversify its gas supply sources.
KrisEnergy Ltd, the operator of the Apsara oil field development offshore Cambodia, has confirmed that all operations of its subsidiary in Cambodia, KrisEnergy (Cambodia) Ltd, will continue as normal, despite its parent company filing for liquidation on June 4, according to a senior official of the Singapore-based oil and gas exploration company.
KrisEnergy’s production dreams in the Khmer Basin are dead in the water after the beleaguered independent oil and gas exploration company revealed it was heading into liquidation.
Jakarta (ANTARA) – Energy and Mineral Resources Minister Arifin Tasrif inaugurated the Merakes gas field development project, with an investment value of US$1.3 billion, in East Sepinggan, off the coast of East Kalimantan, on Tuesday.
Thailand’s state-controlled PTT Pcl, the country’s largest company by market value, has invested in a venture to make plant-based protein, including so-called faux meat, as part of its objective to become less dependent on fossil-fuel businesses.
Malaysian oil and gas exploration and production company Hibiscus Petroleum Bhd (HIBI.KL) has acquired Spanish energy major Repsol Exploración, S.A.’s (REP.MC) upstream assets in Malaysia and Vietnam for a cash consideration of $212.5 million, it said in a stock exchange filing on Friday.
Repsol has announced that it has agreed to sell its exploration and production assets in Malaysia and in Block 46 CN in Vietnam to a fully owned subsidiary of Hibiscus Petroleum.
MANILA/TOKYO — Southeast Asian countries are set to expand imports of liquefied natural gas as the depletion of domestic gas reserves looms, setting the stage for a realignment in the global LNG market.
Chevron’s recently assembled activist Board of Directors is moving the oil giant to suspend payments from a gas joint venture involving an offshore gas pipeline in the Yadana fields in southwest Myanmar that would have reached Myanmar’s military junta. French energy major Total has joined Chevron in shutting down the money flows to the junta.
Energy giant TotalEnergies(TOTF.PA) said on Friday it had gone as far as it could for now to limit the revenues going to the military junta in Myanmar while staying within a legal framework and assuring power supplies.