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
March 17, 2026
SLB OneSubsea has secured an integrated EPC contract from CNOOC to deliver subsea production systems for the Kaiping 18-1 deepwater field in the South China Sea, supporting a 20-well development using standardized subsea technologies.
News
March 16, 2026
The International Energy Agency said emergency oil reserves from a record 400-million-barrel global stock release will begin flowing immediately to Asian markets as buyers seek to replace Middle East supply disrupted by the Strait of Hormuz shutdown.
News
March 10, 2026
Sunda Energy has secured an environmental license to drill the Chuditch-2 appraisal well offshore Timor-Leste, marking a key regulatory milestone for advancing gas exploration activities within the TL-SO-19-16 production sharing contract.
News
March 05, 2026
Fuel shortages and price spikes are spreading across Asia as disruptions in the Strait of Hormuz halt Middle East oil shipments, forcing refiners and governments to restrict fuel exports and consider strategic stockpile releases.
News
March 05, 2026
ADNOC CEO Sultan Al Jaber met with Japan Prime Minister Sanae Takaichi to discuss energy security as tensions in the Strait of Hormuz threaten oil and LNG flows to Asian markets.
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.
