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14 Nov 19
Philippines: Udenna acquires Chevron’s 45 percent interest in Malampaya
Udenna Corp has signed a Sale and Purchase Agreement to acquire 100 percent of the shares of Chevron Malampaya, a wholly-owned subsidiary of Chevron Philippines, which holds Chevron’s entire 45 percent non-operated interest in the Malampaya gas field in the Philippines.
14 Nov 19
New Zealand: New Zealand Oil & Gas takeover by O.G. Oil & Gas fails to gain shareholder approval
New Zealand Oil & Gas has announced that the scheme of arrangement with O.G. Oil & Gas (Singapore) was not approved by minority shareholders and will be terminated.
13 Nov 19
Cambodia: KrisEnergy signs LOA for Cambodia Apsara oil platform fabrication
KrisEnergy has signed a conditional letter of award with Profab for the supply of a minimum facilities wellhead platform for the Apsara oil field, Cambodia’s maiden oil development. Apsara oil is scheduled to flow in the first half of 2020.
13 Nov 19
Indonesia: Coro Energy's Tambak-1 well successfully appraises Mako gas field
Coro Energy's Tambak-1 well in the Duyung PSC in the West Natuna basin, offshore Indonesia, has successfully appraised the Mako gas field. The well was designed as both an appraisal of the northeast flank of the Mako gas field as well as an exploration test of the Tambak prospect.
12 Nov 19
Australia: Norwest Energy announces capital raising to fund Perth Basin exploration drilling
Perth Basin focused oil and gas exploration company Norwest Energy has received commitments to raise AUD3.25 million via a placement of securities and intends to undertake a Share Purchase Plan to raise up to a maximum of AUD500,000. Funds will be used for Perth Basin exploration drilling.
12 Nov 19
Offshore OFS market poised for massive boost in Southeast Asia - Rystad Energy
A fresh wave of offshore project sanctions across Southeast Asia could boost greenfield investments in the oilfield service space by almost 70 percent in 2020, according to Rystad Energy. The growth will be driven by a handful of new mega-projects across Malaysia, Myanmar and Vietnam, according to the latest tally of project commitments in Southeast Asia by the Norwegian energy research and consulting firm.

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