Extractive industries

Oil and gas resources

Standing on the shoulders of science above the South China Sea fray

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 ...

James Borton

Myanmar to receive revenues from China-Myanmar crude oil pipeline

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 ...

Dung Quất oil refinery works on expansion project

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 ...

PV Power wants strategic investors to buy shares

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 ...

MIC green-lights Nga Yoke Kaung offshore supply base

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 ...

Joint-venture granted licence to trade machine oil

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 ...

PTTEP freezes new investment in Indonesia

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 ...

Ground broken for oil refinery

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 ...

Start-up for refinery construction

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 ...

KrisEnergy set to sign oil agreement

Singapore-listed oil and gas firm KrisEnergy says it is ready to sign an agreement with the Cambodian government after completing details of a revised sharing contract for the Block A oilfield. Kelvin Tang, president of KrisEnergy Cambodia, wrote to Khmer Times on April 6 saying that ...

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