August 16, 2022
Jiangsu Strong Wind Shipyard finished constructing a new floating production unit and it has been delivered to ABS Class. It will be towed from China to Indonesia for installation at the Madura Block gas fields offshore East Java, Indonesia.
July 13, 2022
Mubadala Petroleum announced that the drilling of the Timpan-1 exploration well offshore North Sumatra, Indonesia, has been completed with the discovery of a 390-foot gas column.
In December 2021, China and Indonesia had a standoff over E&P in the southern South China Sea that involved unequivocal politico-military intimidation. While China has done this to the Philippines, Vietnam, and Japan, this was a first for Indonesia.
January 13, 2020
The agreements signed with Pertamina and Chandra Asri will potentially help ADNOC to secure additional in-market presence in one of Southeast Asia’s fastest-growing economies, enabling new domestic value-creation opportunities across the hydrocarbon chain.
Rising oil supplies and falling prices in second-half 2018 constrained global drilling, but activity should post a measured gain in 2019. Virtually all the global oil production increase is due to U.S. shale activity.
As it prepares to set up shop in Oklahoma’s flagship shale plays, Encana Corp. is experiencing a measure of deja vu.
Total—alongside partners CNOOC Limited (45%), Petrobras (16%) and Nigerian National Petroleum Corp. (15%)—has begun producing from Egina field, about 93 mi off the coast of Nigeria.
December 17, 2018
Eni will start with the execution of the Merakes development project in Indonesia following the approval received by the Minister of Energy of Indonesia and the authorization for the investment plan sanctioned by the company’s board of directors.
December 13, 2018
Dutch multinational Ampelmann has secured two new contracts in the Asia Pacific region. Two A-type systems have made their way to India and Indonesia, respectively, and will enable both short- and long-term Walk to Work (W2W) operations.
On April 3, Vietnamese state firm, PetroVietnam, issued the following and unusually blunt statement on its website: “The East Sea is forecast to continue to have uncertainty this year...affecting the company’s efforts to attract foreign investors to invest in its open offshore fields.”
February 19, 2018
Indonesia will hold roadshows in the U.S. and Europe later this month to lure investments from the world’s top energy companies as the former OPEC member seeks to reverse a decline in oil and gas production.
With a dense population and, therefore, a growing energy demand, Southeast Asia relies heavily on the oil and gas industry. This urgency has given rise to the region’s E&P efforts during an industry downturn, as producers have been forced to contend with low prices and aging fields.