News
April 02, 2026
Velesto Energy has received three awards at the IADC Southeast Asia Chapter Safety Awards, including offshore incident-free honors, reflecting continued focus on safety performance across its drilling operations.
News
April 05, 2026
Lion Energy awards a drilling contract for its Bula Karang-1 exploration well in Indonesia’s East Seram PSC, targeting new oil potential offshore.
News
April 01, 2026
INPEX expands its upstream collaboration with Pertamina in Indonesia, advancing the Abadi LNG project and broader Southeast Asia exploration efforts.
News
March 31, 2026
China’s state oil giants PetroChina, Sinopec and CNOOC are moderating spending and growth plans as market volatility, weaker prices and geopolitical risks reshape strategy, highlighting a growing divide between resilient upstream operations and increasingly pressured refining and chemicals segments.
News
March 26, 2026
CNOOC reported record oil and gas production and reserves in 2025, supported by new discoveries, project startups and continued upstream investment across China and international assets.
News
March 24, 2026
Strohm has secured a contract to supply insulated thermoplastic composite pipe (TCP) production jumpers for a deepwater field extension offshore Malaysia, highlighting growing adoption of corrosion-resistant subsea infrastructure in Southeast Asia.
News
March 19, 2026
Vietnam has approved the field development plan for Jadestone Energy’s Nam Du–U Minh offshore gas project, enabling reserve booking and advancing plans for a new gas production hub to support domestic energy supply and future development.
News
March 18, 2026
Eni has taken final investment decisions on two deepwater gas hub developments offshore Indonesia, targeting production of up to 2 Bcf/d and 90,000 bpd of condensate, supporting domestic supply and LNG exports via existing infrastructure.
News
February 26, 2026
INNIO has signed a definitive agreement to acquire Enerflex’s Asia-Pacific aftermarket oil and gas service operations in Australia, Thailand and Indonesia, expanding its regional gas compression and energy services footprint.
News
February 25, 2026
Velesto Energy has secured a $16.5-million drilling contract from Jadestone Energy to deploy the NAGA 8 jackup for infill drilling at the East Belumut field offshore Malaysia, supporting Southeast Asia upstream activity and regional rig utilization.
News
February 25, 2026
The Philippines may consider partnering with China or other foreign investors to advance development of the stalled Reed Bank gas field in the South China Sea, as the country seeks new supply to offset declining output from the Malampaya field.
News
February 23, 2026
Pertamina and Halliburton sign an MOU to evaluate multi-stage hydraulic fracturing, acid stimulation and AI-driven drilling technologies aimed at revitalizing mature upstream fields in Indonesia.
News
February 16, 2026
DUG and Searcher Seismic have signed a multi-client agreement to reprocess legacy 3D seismic data offshore East Sarawak, Malaysia, creating a new dataset to support exploration and development across the region.
News
February 12, 2026
SLB has secured multiple offshore drilling and well services contracts from Mubadala Energy for the Tangkulo deepwater gas development offshore Indonesia, with first gas targeted by 2028.
News
January 30, 2026
PETRONAS plans to sustain Malaysia’s upstream oil and gas production at around 2 million boed through 2028, supported by continued investment in exploration, deepwater projects and enhanced oil recovery.
News
January 21, 2026
Elnusa is strengthening Indonesia’s onshore exploration push with a major nodal seismic technology investment, targeting faster surveys and higher-resolution imaging in complex geological settings.
News
January 19, 2026
Petroliam Nasional Bhd. has appointed Mohd Jukris Abdul Wahab as chief operating officer, effective Feb. 1, as the company navigates a legal dispute over gas assets in Sarawak and broader operational challenges tied to lower oil prices.
News
January 19, 2026
The Philippines has made its first natural gas discovery in more than a decade, with new reserves at Malampaya East-1 expected to extend the life of the country’s flagship offshore gas field.
News
January 12, 2026
Malaysia’s national oil company Petronas has taken its dispute with Petroleum Sarawak Bhd. to the country’s top court, seeking clarity over gas ownership and potential impacts to LNG operations in resource-rich Sarawak.
News
January 09, 2026
Indonesia Energy Corporation is advancing pre-drilling operations for two new onshore wells at its Kruh Block in Sumatra, with drilling expected to begin before the end of first-quarter 2026 as part of a back-to-back development program.
News
January 07, 2026
Murphy Oil’s HSV-2X appraisal in Block 15-2/17 offshore Vietnam encountered 429 ft of net oil pay and deepened the hydrocarbon column without water, strengthening the field’s high-case resource outlook as further appraisal continues.
