Monthly Archives: January 2014

ExxonMobil’s US$5-6b complex sets new marks: PM

Ronnie Lim The Business Times Saturday, Jan 11, 2014   ExxonMobil’s (EM) new, second petrochemical complex here – costing an estimated US$5 billion-US$6 billion – is the US energy giant’s largest investment here and also Singapore’s largest manufacturing investment ever, … Continue reading

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Shell sells out of Wheatstone for $1.1bn

The Sydney Morning Herald January 21, 2014   Kuwait Foreign Petroleum Exploration Co has struck a deal to buy Royal Dutch Shell out of Chevron’s Wheatstone liquefied natural gas project in Western Australia for $US1.135 billion ($1.3 billion) in what … Continue reading

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Shell and UAE’s Mubadala swap Malaysian offshore field stakes

Sun Jan 19, 2014 3:49pm IST Jan 19 (Reuters) – Royal Dutch Shell and Mubadala Petroleum have swapped equity stakes in two exploration blocks off Malaysia, the companies said on Sunday. Mubadala has taken a 20 percent interest in the … Continue reading

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13 Indonesia’s oil and gas projects to begin production

5-Jan-2014 Jakarta (ANTARA News) – The Upstream Oil and Gas Regulatory Body (SKK-Migas) has predicted that a total of 13 oil and gas projects will begin production in 2014. SKK-Migas Public Relations Head Elan Biantoro said in a press release … Continue reading

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Indonesia’s Oil and Gas Investment to Reach US$25 Billion

January 05, 2014 BY MAREX Indonesia’s Upstream Oil and Gas Regulatory Body (SKK-Migas) has said that upstream oil and gas investment in 2014 is targeted to reach US$25.64 billion. This includes US$3.84 billion for exploration activities, US$ 1.6billion for administrative … Continue reading

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PTTEP reveals 2013 achievement and five-year plans

PTTEP Newsroom 07 Jan 14 Increase sales volume to 292,000 barrels of oil equivalent per day or a rise of 6% Accelerated development plan to increase our proved reserves life (R/P) to 10 years Invests over USD 27,000 million in … Continue reading

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Four firms get Petronas Carigali contracts

The Malaysian Reserve | January 8, 2014 By Azli Jamil KUALA LUMPUR: Petronas upstream subsidiary Petronas Carigali Sdn Bhd has awarded a five-year contract for design and engineering services for its facilities four contractors. They are Technip Consultant (M) Sdn Bhd, … Continue reading

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