News
May 20, 2026
bp has signed three production sharing contracts in Indonesia, expanding its upstream portfolio near the Tangguh LNG project in Papua Barat and adding participation in the Barong block offshore East Java.
News
May 01, 2026
Direct Travel has expanded its Avenir business travel platform across energy, marine and mining markets, supporting workforce mobility and complex travel logistics for global operations.
News
May 15, 2026
The U.S. and China called for reopening the Strait of Hormuz following talks between President Donald Trump and Chinese President Xi Jinping, though negotiations over the Iran conflict remain deadlocked as oil prices continue climbing.
News
May 15, 2026
Velesto Energy has secured its first asset-light offshore drilling contract from Hibiscus Oil & Gas Malaysia, covering jackup rig services for plug and abandonment and exploration wells offshore Malaysia.
News
May 14, 2026
President Donald Trump said Chinese President Xi Jinping supports diplomatic efforts to reopen the Strait of Hormuz as Gulf shipping disruptions and vessel security incidents continue to pressure global oil and LNG markets.
News
May 14, 2026
A White House official said Chinese President Xi Jinping expressed interest in increasing U.S. oil purchases to reduce China’s dependence on the Strait of Hormuz as disruption to Middle East energy flows continues to pressure global markets.
News
May 13, 2026
Sinopec has secured approval for 235.687 Bcm of proven reserves at the Ziyang Dongfeng field in the Sichuan basin, marking China’s first ultra-deep shale gas field with reserves exceeding 100 Bcm.
News
April 28, 2026
Odfjell Technology and ANT are partnering to deploy an advanced erosion tool for rigless P&A operations, targeting Southeast Asia’s growing well abandonment backlog.
News
April 22, 2026
Valeura has chartered a jackup drilling rig for a three-year term to support development and exploration drilling across its Gulf of Thailand assets through 2029.
News
April 21, 2026
Eni’s 5-Tcf Geliga discovery offshore Indonesia adds significant new gas volumes and reinforces the Kutei basin’s role as a key growth hub for LNG supply and deepwater development.
News
April 02, 2026
Velesto Energy has received three awards at the IADC Southeast Asia Chapter Safety Awards, including offshore incident-free honors, reflecting continued focus on safety performance across its drilling operations.
News
April 05, 2026
Lion Energy awards a drilling contract for its Bula Karang-1 exploration well in Indonesia’s East Seram PSC, targeting new oil potential offshore.
News
April 01, 2026
INPEX expands its upstream collaboration with Pertamina in Indonesia, advancing the Abadi LNG project and broader Southeast Asia exploration efforts.
News
March 31, 2026
China’s state oil giants PetroChina, Sinopec and CNOOC are moderating spending and growth plans as market volatility, weaker prices and geopolitical risks reshape strategy, highlighting a growing divide between resilient upstream operations and increasingly pressured refining and chemicals segments.
News
March 26, 2026
CNOOC reported record oil and gas production and reserves in 2025, supported by new discoveries, project startups and continued upstream investment across China and international assets.
News
March 24, 2026
Strohm has secured a contract to supply insulated thermoplastic composite pipe (TCP) production jumpers for a deepwater field extension offshore Malaysia, highlighting growing adoption of corrosion-resistant subsea infrastructure in Southeast Asia.
News
March 19, 2026
Vietnam has approved the field development plan for Jadestone Energy’s Nam Du–U Minh offshore gas project, enabling reserve booking and advancing plans for a new gas production hub to support domestic energy supply and future development.
News
March 18, 2026
Eni has taken final investment decisions on two deepwater gas hub developments offshore Indonesia, targeting production of up to 2 Bcf/d and 90,000 bpd of condensate, supporting domestic supply and LNG exports via existing infrastructure.
News
March 17, 2026
SLB OneSubsea has secured an integrated EPC contract from CNOOC to deliver subsea production systems for the Kaiping 18-1 deepwater field in the South China Sea, supporting a 20-well development using standardized subsea technologies.
News
March 16, 2026
The International Energy Agency said emergency oil reserves from a record 400-million-barrel global stock release will begin flowing immediately to Asian markets as buyers seek to replace Middle East supply disrupted by the Strait of Hormuz shutdown.
News
March 10, 2026
Sunda Energy has secured an environmental license to drill the Chuditch-2 appraisal well offshore Timor-Leste, marking a key regulatory milestone for advancing gas exploration activities within the TL-SO-19-16 production sharing contract.
