Petronas has confirmed a hydrocarbon discovery at the Barokah-1 exploration well in the North Ketapang Production Sharing Contract (PSC) offshore East Java, Indonesia.The discovery was made by Petronas through its subsidiary Petronas North Ketapang, which operates the block with a 51% participating interest. Earthon North Ketapang holds a 34% interest, while PT.
OneSubsea, a joint venture between SLB, Aker Solutions, and Subsea7, has secured an engineering, procurement and construction (EPC) contract by Thai’s PTT Exploration and Production Public Company
Sunda Energy, through its subsidiary SundaGas Banda Unipessoal, has been awarded an environmental license for the drilling of the Chuditch-2 appraisal well offshore Timor-Leste.
Everllence has secured a contract to supply compressor technology for Thailand’s first carbon capture and storage (CCS) project at the Arthit gas field in the Gulf of Thailand.
The International Energy Agency on Wednesday agreed to release a record 400 million barrels of oil from strategic stockpiles to combat a spike in global crude prices since the start of the U.S.
The economic risks of the world’s heavy dependence on oil and gas have been laid bare twice in four years - first with Russia’s invasion of Ukraine and now with the U.S.
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