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Losses Rise but Ophir Sees Fortuna FID in 2017
UK-based independent Ophir Energy on September 14 reported a first half 2017 loss of $84.6mn, up from $48.4mn in the same period last year. This year included $23.7mn for…
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Qatargas Delivers First Q-Max Cargo to Thailand
Qatargas has delivered the first Q-Max cargo of LNG to Thailand, which came under its long-term agreement with Thai PTT, the company said August 12. The cargo arrived on board…
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Thai PTTEP Buys 10% Stake in Malaysian LNG Project
Thai PTT has bought a 10% stake in Petronas’ MLNG Train 9 project, which has a capacity of 3.6mn metric tons/yr, it said July 27 while announcing its first half results. …
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Thai Banpu to Pump $239mn in its US Shale Assets
Thai Banpu plans to invest about $293mn by 2020 in its US shale gas business, company CEO Somrudee Chaimongkol said, reported Bangkok Post July 18. The company will use the…
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Thai PTT Establishes LNG Unit
Thai PTT Public Company (PTT) has established a new joint venture company to carry out business related to LNG, it said June 23. The new venture will act as the first step of…
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PTT Investigates Field Shutdown
Thai state-owned energy giant PTT is investigating a shutdown at a natural gas field in the Malaysia-Thailand Joint Development Area (JDA) in the Gulf of Thailand, the company…
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Thailand to announce gas concession winners in February
Thailand’s energy ministry said June 22 that it will announce the winning bids to take over the concessions to operate both the Erawan and Bongkot offshore natural gas…
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Thai PTTEP Suspends Onshore Field
Thai upstream company PTTEP has temporarily ceased all operations in the land reform areas in the S1 project June 3, 2017. However the production affected is a relatively small…
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Vietnam OKs $1.27bn Gas Pipe
Vietnamese government has awarded a licence to state-owned Petrovietnam and its foreign partners to invest $1.27bn in a gas pipeline in southern Vietnam, the country’s…
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Jogmec to Help Thai PTTEP Improve Field Productivity
Japan Oil, Gas and Metals National Corporation (Jogmec) signed a memorandum of understanding with Thai PTTEP March 8 for collaboration on developing new technologies to enhance…
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KrisEnergy's 2016 Loss Mounts
Southeast Asia focused KrisEnergy has reported a $237mn net loss for 2016 full year owing to a $303.4mn non-cash charge for impairments on producing assets and write-offs related…
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Thai PTT to Aggressively Expand LNG Import Capacity
Thai PTT is looking to expand the capacity of its only LNG import terminal from 5mn mt/yr to 11.5mn mt/yr and also plans to build a 7.5mn mt/yr second terminal, CEO Tevin…
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Shell Sells Stake in Thai Bongkot Gas Field
Shell on January 31 said it is selling stake in its gas assets in Thailand to Kuwait's Kufpec for $900mn. The deal, like Shell's up-to-$3.8bn sale of North Sea assets announced…
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Siemens to Build Thai Gas-Fired Plant
German turbine-maker Siemens and Japan's Marubeni Corporation have been awarded a contract to deliver a turnkey combined cycle power plant to state-owned utility Electricity…
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Thai PTTEP Back in Black
Thai state owned producer PTTEP has reported a profit of $372mn for the year 2016 compared with a loss of $854mn in the year before despite a volatile and depressed energy prices…
