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Obstacles hindering O Mon III venture

The O Mon III thermal power plant in the Mekong Delta city of Can Tho is facing lingering issues related to investment policy and responsibility, leading to the protracted delay in part of the gas project. ....

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Repsol said to be looking to exit Malaysia

SPANISH oil major Repsol SA is understood to be looking to exit its oil and gas (O&G) production business in Malaysia, sources familiar with the matter tell The Edge.
While details are scarce, it is understood that Repsol has roped in an international investment bank to assist in the sale.
Mikkel Larsen, Repsol’s international communication and country coordination official, in an email response to The Edge on the possible sale of the company’s Malaysian assets, says, “We don’t have any comments to this we never comment on speculations about this kind of processes.”
Nevertheless, a high-ranking local O&G executive says, “I am not surprised, it (the sale of assets) has been on the cards for a while now.” ....

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BP sells Oman gas stake to Thailand's PTTEP for US$2.6bil

LONDON: BP Plc will sell a stake in an Omani gas block to Thailand’s national energy firm for US$2.6bil, part of a push to divest billions of dollars of assets and focus more on renewable energy ....

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Energy giant PTT buys Oman gas stake from BP for B78 bn

Energy giant PTT buys Oman gas stake from BP for B78 bn
published :
1 Feb 2021 at 16:43
updated:
1 Feb 2021 at 16:51
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FILE PHOTO: The logo of PTT is pictured at the 38th Bangkok International Motor Show in Bangkok, March 28, 2017. (Reuters)
BP Plc will sell a stake in an Omani gas block to Thailand’s national energy firm for $2.6 billion (77.8 billion baht).
PTT Exploration and Production Public Co Ltd has agreed to pay the sum for 20% of Block 61, according to statements from both companies on Monday.
The deal should help BP deliver on its goal of selling $25 billion of assets by 2025 to ease its debt burden. Like other oil majors, it must contend with the demand for crude gutted by the coronavirus. The company has pledged to eliminate most of its greenhouse gas emissions over the coming decades. ....

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