Asia Oil & Gas News


Vietnam to Open Bidding Round for Three Offshore Oil Blocks

Apr 04, 2025

Vietnam's state oil firm PetroVietnam will invite oil companies to bid to develop three offshore oil blocks, the government said on Friday.They include Block 17 in Cuu Long Basin and Block 10/11 and Block 10&11-1 in Nam Con Son Basin, all on Vietnam's continental shelf…

VARD Snags $125M Shipbuilding Deal for Subsea Construction Vessel

Apr 03, 2025

VARD signed a contract with Taiwan's Dong Fang Offshore for the design and construction of one Offshore Subsea Construction Vessel, with option(s). The vessel is of VARD 3 39 design, and the value of the contract is $125 million. This is the third vessel VARD is building for DFO…

Mitsui’s STATS Lands Malaysian Pipeline Isolation Job

Apr 03, 2025

STATS Group, a wholly owned subsidiary of Mitsui & Co, and EPOMS have secured a three-year pipeline isolation contract with a major Malaysian oil and gas operator, covering onshore and offshore pipelines located in Peninsular Malaysia, Sarawak and Sabah…

INEOS Wraps Up Acquisition of CNOOC’s US Oil and Gas Assets

Apr 02, 2025

INEOS Energy has completed the acquisition of CNOOC’s oil and gas assets in the Gulf of America, increasing its global oil production to over 90 thousand barrels of oil equivalent per day. The completion of the deal marks the third major investment by INEOS Energy in the United States…

Fire at Petronas Gas Pipeline in Malaysia Sends 63 to Hospital

Apr 01, 2025

At least 63 people were being treated in hospitals in Malaysia on Tuesday after a major blaze at a gas pipeline operated by state energy firm Petronas, authorities said, with efforts ongoing to control the fire and evacuate residents.The fire…

Japan’s ENEOS Xplora, PVEP Ink Deal for Vietnam Offshore Block

Apr 01, 2025

Japan's ENEOS Xplora has signed a new production-sharing contract for the Block 15-2 offshore southern Vietnam, the production and exploration arm of state oil firm PetroVietnam said on Tuesday.The 25-year contract was signed in Hanoi on Monday between ENEOS Xplora's Vietnam unit…

CNOOC Makes Major Oil and Gas Discovery in South China Sea

Mar 31, 2025

China's state-owned oil and gas firm China National Offshore Oil Corporation (CNOOC) has made a major oil field discovery of Huizhou 19-6 in the deep and ultra-deep plays of the South China Sea, which adds over a hundred million tons of oil equivalent in-place…

Valeura’s Assets in Gulf of Thailand Remain Operational After Earthquake

Mar 28, 2025

Canada-based oil and gas company Valeura Energy has reported that all of its assets in the Gulf of Thailand remain operating safely, following a devastating earthquake that hit Myanmar, affecting the neighboring Thailand as well.At approximately 13:30 local time on Friday March 28…

Op-Ed: Kazakhstan’s National O&G Firm Positioning Itself as Global Energy Player

Mar 28, 2025

The following article is an op-ed piece authored by Askhat Khassenov, Chairman of KazMunayGas (KMG), Kazakhstan’s national oil and gas company, who discusses how KMG is positioning itself as a strategic global energy player by forming key international partnerships…

CNOOC Sees 11% Profit Growth in 2024 Driven by Record Oil Production

Mar 27, 2025

China National Offshore Oil Company (CNOOC) has posted an 11.4% net profit growth in 2024, marking a record year of oil and gas production, which has been increased by 7% compared to a year earlier.In 2024, CNOOC recorded a net oil and gas production of 726…

‘Ultra-Mega’ Offshore Deal for L&T at QatarEnergy LNG’s North Field Gas Scheme

Mar 27, 2025

India’s EPC contractor Larsen & Toubro (L&T) has secured its largest-ever contract, worth over $1.8 billion, from QatarEnergy LNG for work on the expansion of the North Field, one of the largest natural gas fields the world.The contract is for…

EnerMech Names APAC Regional Chief

Mar 20, 2025

Energy industry services firm EnerMech has appointed Jason Jeow to head up its Asia Pacific regional management.With decades of extensive experience in the energy and infrastructure sectors, Jeow joined EnerMech in February as VP Asia Pacific…

CIP Reaches Financial Close for Offshore Wind Farm in Taiwan

Mar 19, 2025

Copenhagen Infrastructure Partners (CIP), through its fund Copenhagen Infrastructure V (CI V), has reached financial close on the 495 MW Fengmiao I offshore wind project off the coast of Taichung in Taiwan.Fengmiao I project has secured an approximately $3…

Jadestone Submits Field Development Plan for Assets Off Vietnam

Mar 18, 2025

Asia-Pacific focused oil and gas company Jadestone Energy has submitted a field development plan (FDP) for the Nam Du/U Minh (NDUM) discoveries offshore southwest Vietnam to Petrovietnam, kick-starting the regulatory approval process.The FDP sets out a phased development concept for NDUM…

Current News

Eneos Scoops Jack-Up Drilling Contract Offshore Vietnam

Vietnam to Open Bidding Round for Three Offshore Oil Blocks

VARD Snags $125M Shipbuilding Deal for Subsea Construction Vessel

Mitsui’s STATS Lands Malaysian Pipeline Isolation Job

INEOS Wraps Up Acquisition of CNOOC’s US Oil and Gas Assets

Fire at Petronas Gas Pipeline in Malaysia Sends 63 to Hospital

Japan’s ENEOS Xplora, PVEP Ink Deal for Vietnam Offshore Block

CNOOC Makes Major Oil and Gas Discovery in South China Sea

Valeura’s Assets in Gulf of Thailand Remain Operational After Earthquake

Op-Ed: Kazakhstan’s National O&G Firm Positioning Itself as Global Energy Player

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