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Ranhill Worley to Deliver FEED Services for PTTEP's Offshore Gas Project in Malaysia

Sep 16, 2022

Bursa Malaysia-listed firm Ranhill Utilities said Wednesday that its affiliate firm Perunding Ranhill Worley had won a contract with the Thai oil firm PTTEP to provide front-end engineering and design (FEED) services for offshore facilities for SK410B Lang Lebah development project…

Myanmar Earns $800M from April-July Gas Exports

Aug 25, 2022

Military-ruled Myanmar earned $800 million from natural gas exports mainly to China and Thailand, between April and July, the junta said in the state newspaper on Thursday.The country has been embroiled in chaos since the military overthrew…

PTTEP Restarts Zawtika Gas Flows to Thailand After Pipeline Fixed

Aug 16, 2022

Thai oil and gas company PTTEP has restarted gas deliveries to Thailand from the Zawitka offshore gas field in Myanmar, following a halt caused by an onshore gas leak earlier this month.PTTEP had said that there had been a leakage at the Zawtika’s onshore pipeline…

Velesto Upgrades Two Jack-Up Rigs

Aug 10, 2022

Malaysian offshore drilling firm Velesto said Wednesday it had completed 'the offline capabilities upgrading works' for NAGA 5 and NAGA 6, making the two rigs - the first Malaysian jack-up drilling rigs to be equipped with offline capabilities…

TotalEnergies 'Definitely' Withdraws from Myanmar

Jul 20, 2022

French oil major TotalEnergies on Wednesday confirmed its definite withdrawal from Myanmar and repeated its condemnation of the abuses and human rights violations in the country.To remind, Total said earlier this year it would officially exit Myanmar oil and gas business in July…

Mubadala Petroleum Books Borr Drilling Jack-up Rig

Jul 15, 2022

Offshore drilling contractor Borr Drilling has secured a binding Letter of Award for its jack-up drilling rig Mist.The deal is with the Abu Dhabi-based Mubadala Petroleum for drilling in Thailand. The contract length has an estimated duration of 210 days…

Petronas Exits Myanmar's Yetagun Field

Apr 29, 2022

Malaysian oil and gas company Petronas has withdrawn from Blocks M12, M13, and M14 located in the Yetagun field, offshore Myanmar.'The decision was made following a thorough techno-commercial review in alignment with Petronas' asset rationalization…

PTTEP Becomes Official Operator of Erawan, Bongkot Offshore Fields

Apr 25, 2022

Thai oil and gas company PTTEP has become the official operator of the G1/61 offshore block, containing the Erawan, Platong, Satun, and Funan fields, as well as the G2/61 project, containing the Bongkot field, offshore Thailand.Back in December 2018…

Petronas Signs PSCs for Five Offshore Exploration Blocks in Malaysia

Mar 23, 2022

Malaysia's Petronas has signed Production Sharing Contracts (PSCs) for five offshore exploration blocks, namely SB412, 2W, and X located off the coast of Sabah, and SK439/SK440 situated off the coast of Sarawak.  Block SB412 in Sabah was signed between Petronas…

TotalEnergies Confirms It Will Exit Myanmar, Cede Yadana Offshore Field Stake to PTTEP for Free in July

Mar 16, 2022

French oil major TotalEnergies on Wednesday confirmed it would officially exit Myanmar oil and gas business in July, after the company first announced its plans to leave the country over worsening humanitarian conditions after last year's military coup…

Thai PTTEP to Take Over Myanmar Offshore Gas Field Ops After TotalEnergies' Exit

Mar 15, 2022

Thai oil and gas giant PTT Exploration and Production Pcl said on Monday it would take over operations of the Yadana gas field in Myanmar from July following the exit of France's TotalEnergies.Oil majors Chevron and TotalEnergies in January…

Petronas, Mitsubishi to Sell stakes in Yetagun Gas Field Offshore Myanmar

Feb 18, 2022

Malaysia's Petronas and Japan's Mitsubishi Corp are divesting their stakes in Myanmar's Yetagun gas field, the companies said, in the latest exits by major energy companies from the country since last year's military coup.A spokesperson from…

Woodside Exits Myanmar, Flags $138M Profit Hit

Jan 27, 2022

Woodside Petroleum Ltd joined on Thursday multinational oil majors Chevron Corp and TotalEnergies in their plans to exit Myanmar, nearly a year after a military coup plunged the Southeast Asian nation into turmoil.Myanmar has faced unrest since…

PTTEP Awards Long-term Charter Extension for FPSO Kikeh

Jan 26, 2022

PTTEP Sabah Oil Limited, a Malaysian subsidiary of the Thai oil company PTTEP, has awarded a six-year contract extension for the FPSO Kikeh, operating in deep waters offshore Sabah, Malaysia.The charter extension news was shared this week by Malaysia's MISC…

Thai PTTEP Set to Take Over Myanmar's Biggest Offshore Gas Field as Oil Majors Exit

Jan 26, 2022

Thailand's state oil and gas explorer looks set to take over Myanmar's biggest gas field, as TotalEnergies and Chevron Corp exit in the wake of last year's coup in the Southeast Asian state, analysts say.A move by PTT Exploration and Production Pcl (PTTEP) to become operator of Yadana field…

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