Monthly Archives: March 2017

SapuraKenacana seals $97m in Petronas contracts

03 March 2017 SapuraKencana Petroleum (SapKencana) has picked up a raft of smallish jobs worth a total of $97.4m, the Malaysian oil and gas services provider said in a press release. SapKencana said that the deals were done through its … Continue reading

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Aramco investment seen positive for Rapid, Petronas

Thursday, 2 March 2017 PETALING JAYA: The investment of Saudi Arabia’s Aramco in the Refinery and Petrochemical Integrated Development (Rapid) project in Pengerang, Johor, is positive for Petroliam Nasional Bhd (Petronas) and the project itself. According to analysts, the US$7bil … Continue reading

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Indonesia changes production-sharing terms

HOUSTON, Jan. 20 01/20/2017 By OGJ editors The government of Indonesia has implemented new production-sharing terms for oil and natural gas. The Ministry of Energy and Mineral Resources issued regulations for the new “gross-split contract,” which is based on gross … Continue reading

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PTTEP divests 50% participating interest in Myanmar MD-7 project

March 09, 2017 01:00 By THE NATION PTT EXPLORATION and Production has entered a partnership agreement with Total E&P Myanmar to divest its 50-per-cent participating interest in the Myanmar MD-7 Project, while PTTEP remains the operator of the project. The … Continue reading

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