Off-shore oil and gas exploration and extraction

Sharply decreasing Liquid Natural Gas (LNG) output and increasing prices of new gas resources are forcing Việt Nam to look to increase LNG imports. The country is expected to import five million tonnes of LNG by 2025. The figure is expected to increase to 11 ...

Russia and Viet Nam’s oil and gas exploration joint venture, Vietsovpetro, will ship ashore around 1.6 billion cu.m of gas this year, 27 per cent more than its annual target. Of this, 654 million cu.m of gas will come from Lot 09-1, in the northwest ...

The bidding for the Erawan and Bongkot petroleum blocks in the Gulf of Thailand may be delayed further, from next March to the second quarter of 2017, says Energy Minister Anantaporn Kanjanarat. The Energy Ministry had aimed for the new auction of gas fields to take ...

Singapore-listed KrisEnergy Ltd has upped its stake in the Block A offshore oil field to 95 percent, acquiring the shares of two minority stakeholders who had opposed the Cambodian government’s attempts to renegotiate a revenue-sharing model, the company revealed in its third-quarter filings. The document, ...

Chevron Corp is weighing a sale of a roughly US$500-million stake in its Thailand gas field even as the government moves to negotiate a better return from petroleum concessions held the US company and PTT Exploration & Production Plc. Chevron is seeking to divest some Asian ...

Cambodian conglomerate the Royal Group is in talks with two foreign state-owned petroleum companies to conduct feasibility studies for an oil pipeline that would run from Sihanoukville to Phnom Penh, a government official has confirmed. Meng Saktheara, secretary of state at the Ministry of Mines and ...

The Cambodian government said on 9 February it would postpone bidding on two vacated offshore oil blocks given the low global levels of investment flowing into petroleum exploration activities. The Ministry of Mines and Energy revoked the exploration licences of Resourceful Petroleum Limited last month after the ...

Vietnam’s Deputy Prime Minister Hoang Trung Hai requested the National Oil and Gas Group (PVN) to continue to search for new sites, and produce more oil and gas in 2016. He described these activities as a key task for the sector in 2016. Speaking at a conference ...

PetroVietnam Marine Shipyard JSC in the southern province of Ba Ria-Vung Tau, a subsidiary of PetroVietnam, launched a US$230-million jackup rig 13 December.   Tam Dao 05 weighs 18,000 tons and can drill to a depth of nine kilometers.   Keep reading ...

According to the Ministry of Planning and Investment, Vietnam`s crude oil exploitation output in 2015 is estimated to reach 17.58 million tonnes, rising 4.6% from the annual target of the government.   The ministry also made a forecast that the crude oil output in 2016 would decline ...