Page 9 - Readul Islam News Today : Breaking News, Live Updates & Top Stories | Vimarsana

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Chevron, Thailand in Dispute Over Decom Tab By Patpicha Tanakasempipat © Theerapong / Adobe Stock U.S. energy major Chevron Corp has opted to continue negotiations with Thailand rather than seek arbitration to resolve a dispute over who should pay for removing offshore oil and gas platforms, the company told Reuters on Wednesday. Thailand wants Chevron to pay the full decommissioning costs for infrastructure at the Erawan gas field, which it is due to hand over to Thai state oil firm PTT Exploration and Production Pcl in April 2022 when its con...

Malaysia sweetens upstream deals The country is taking measures to encourage IOC interest in its latest licensing round Malaysia’s upstream sector remains relatively busy but is dominated by NOC Petronas. The promise of strong domestic and regional demand for oil and gas has not been enough on its own to continue to attract IOCs. The country “has been relatively successful in comparison to its Southeast Asian peers in attracting international interest,” argues Readul Islam, research analyst at consultancy Rystad Energy. But the challenge will only grow as IOCs operate with trimmed E&P b...

Vultures start to circle Singapore’s KrisEnergy Singapore’s KrisEnergy is on the verge of collapse and eagle-eyed investors, seeking assets at bargain prices, are preparing to pick over the company’s carcass. However, given KrisEnergy’s recent dismal performance in Cambodia, there is not much left of interest. Updated: 23/04/2021, 8:54 am At work: KrisEnergy Register here for the Energy Voice daily newsletter, bringing you key news and insight from across the global energy landscape. Thank you for signing up to our newsletter. Something went wrong - please try again later. Sig...

6 Min Read SINGAPORE/BEIJING (Reuters) - A rapid rise in offshore drilling and deepwater gas extraction may seem an unlikely path to lower emissions, but are central planks of Chinese energy major CNOOC Ltd’s plan to help hit Beijing’s climate goals. FILE PHOTO: A Chinese national flag flutters between flags of China National Offshore Oil Corp (CNOOC) at its headquarters in Beijing, China on March 8, 2021. REUTERS/Tingshu Wang While global peers like BP, Royal Dutch Shell have announced cuts in hydrocarbon output and huge renewable energy investments to cut emissions, China’s third-larg...