Oil and gas resources

Delta Offshore Energy said Tuesday it had secured the environmental approval for the LNG to Power Project, the 3.2 GW power plant, and LNG Terminal in Bac Lieu, Vietnam. “Environmental Impact Assessment (EIA) is an extremely important key regulatory milestone towards the financial close and validates ...

The waters of the South China Sea face environmental peril that is ‘inseparable from the territorial disputes that plague it’. As claimants solidify their positions through artificial island construction, with China driving the most ambitious builds, habitats with wide-ranging ecological and economic value are being ...

Myanmar will gain financially from the China-Myanmar crude oil pipeline, which began operations in early April after the two countries signed an agreement for the transport of crude oil, said officials. The crude oil transport agreement was signed on April 10 in Beijing during president U ...

State-owned Bình Sơn Refinery and Petrochemical Company Limited (BSR) has completed the overall plan for the upgrade and expansion of the Dung Quất Oil Refinery. Trần Ngọc Nguyên, CEO of BSR, said the expansion project will cost more than US$1.8 billion, of which equity capital and ...

PetroVietnam Power Corporation (PV Power), a subsidiary of state-owned energy giant PetroVietnam, will sell 49 per cent of its stake later this year, with priority given to strategic investors.The corporation is going ahead with the equitisation process, and its initial public offering (IPO) is planned ...

A proposal to construct an offshore supply base for offshore blocks on a 30-acre company-owned land, at Nant Thar Pu village in Nga Yoke Kaung sub-township (Nga Pu Taw township), Pathein, Ayeyarwady Region, has been approved by Myanmar Investment Commission, Myint & Associates Offshore Supply ...

Myanmar Investment Commission has granted a licence to Puma Energy Asia Sun, said U San Myint, deputy director general from the Directorate of Investment and Company Administration. The licence allows the firm to conduct domestic retail and wholesale business for machine oil. PEAS Company started on ...

PTT Exploration and Production, Thailand’s state-owned oil and gas company, said on Tuesday that it will halt all new investments in Indonesia until a dispute with the government there over an oil spill in 2009 is settled. “As of today, PTTEP made the decision to suspend ...

After years of delays and setbacks, the Cambodian firm set to operate the Kingdom’s landmark oil refinery finally broke ground on May 4 on a $1.62 billion project with an updated completion date set for the middle of 2019. The oil refinery, which will be built ...

Construction of phase one of a landmark $3 billion oil refining plant kicks off today in Sihanoukville province, after many delays since the company announced plans in December 2012. Cambodian Petrochemical Company (CPC) formed a joint venture with China Perfect Machinery Industry Corp (Sinomach) for ...