Category Archives: E&P

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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Shell’s Divestment Push Reaches Thailand in $900 Million Sale

by Dan Murtaugh January 31, 2017, 12:41 PM GMT+8 Kuwait Petroleum unit to buy 22.2% stake in Bongkot gas field Sale is part of Shell’s $30 billion divestment program Royal Dutch Shell Plc will sell its stake in an offshore … Continue reading

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Hess engages Wood Group for brownfield, maintenance work offshore Malaysia

01/31/2017 Offshore staff KUALA LUMPUR, Malaysia – Hess Exploration & Production Malaysia has awarded Wood Group a five-year operations and maintenance contract to support new fixed and floating offshore facilities in the North Malay Basin development area. The location is … Continue reading

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Australia’s Ichthys LNG dealt blow as major contractor pulls plug

* CIMIC pulls out of building power station to supply Ichthys LNG * Ichthys operator Inpex says power station 89 pct complete * Ichthys LNG Jul-Sept 2017 start-up likely to be delayed By Henning Gloystein SINGAPORE, Jan 25 Australia’s over … Continue reading

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Indonesian government freezes PTTEP licenses

4 December 2016 03:31   Kupang, East Nusa Tenggara (ANTARA News) – The Indonesian government has finally decided to freeze the licenses and assets of PTT Exploration and Production (PTTEP) operations in Indonesia. “This is an extraordinary step that we … Continue reading

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BP acquires Repsol’s stake in Tangguh LNG project

Mon Dec 5, 2016 | 2:57pm GMT REUTERS British oil company BP has acquired Spanish group Repsol’s 3.06 percent stake in the Tangguh liquefied natural gas (LNG) project in Indonesia for $313 million dollars, a BP spokesman said on Monday. … Continue reading

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