Category Archives: Production

KrisEnergy to extract Cambodia’s first oil in 2019

By: Euan Black – POSTED ON: October 20, 2017 The Singaporean company has taken a significant step towards producing Cambodia’s first ever barrel of oil KrisEnergy, the Singaporean oil and gas company that operates Cambodia’s offshore Block A in the … Continue reading

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North Malay Basin platforms deliver first gas

07/27/2017 Offshore staff NEW YORK – Gas production has started from the Hess-operated North Malay Basin full-field development in the Gulf of Thailand, following hookup of the topsides for the central processing platform. Commissioning activities continue. Hess expects its net production to ramp … Continue reading

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Shell scraps sale of $900m Thai gas field stake to KUFPEC

EBR Staff Writer Published 04 October 2017 Royal Dutch Shell has scrapped its $900m deal to divest its stake in the Bongkot gas and condense field in Thailand to a subsidiary of Kuwait Foreign Petroleum Exploration Company (KUFPEC). The parties … 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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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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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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Successful production from Petronas’ first floating lng facility

December 10, 2016, Saturday KUCHING: Petroliam Nasional Bhd’s (Petronas) first floating liquefied natural gas (LNG) facility, PFLNG Satu has achieved an industry breakthrough with the successful production of its first drop of LNG from the Kanowit gas field, offshore Sarawak … Continue reading

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