Category: Southeast Asia
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Exclusive interview: Velesto sets its sights on Malaysia and Southeast Asia gas drilling plays
Exclusive interview: Velesto sets its sights on Malaysia and Southeast Asia gas drilling plays As global energy security concerns keep the demand for oil and gas alive, Malaysia’s Velesto Energy, owner of premium jack-up rigs and hydraulic work-over units, has dived into its expectations for 2026, highlighting its belief that the jack-up rig market will…
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Southeast Asia richer for its ‘biggest’ black gold find in two decades and third largest since 2000
Southeast Asia richer for its ‘biggest’ black gold find in two decades and third largest since 2000 With the appraisal insights regarding an oil find offshore Vietnam coming to light, Wood Mackenzie, an energy intelligence group, has labeled this hydrocarbon exploration success as “the biggest oil discovery in Southeast Asia of the last 20 years,”…
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Drilling ops set for April: Rig ends nearly 13K-nautical mile journey from Europe to Asia
Drilling ops set for April: Rig ends nearly 13K-nautical mile journey from Europe to Asia Vietnam’s Petrovietnam Drilling & Well Service Corporation (PV Drilling) has confirmed the arrival of a jack-up drilling rig to Southeast Asia, where it will embark on drilling activities next year. The post Drilling ops set for April: Rig ends nearly…
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As $53 billion Chevron-Hess merger crosses the finish line, oil & gas assets’ fusion comes next
As $53 billion Chevron-Hess merger crosses the finish line, oil & gas assets’ fusion comes next Chevron has cleared all the hurdles in its path to bring Hess Corporation, a fellow oil and gas player, into its fold. As a result, the companies are taking steps to blend their operations, enabling Chevron to expand its oil…
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Tight budgets and shrinking pool of oil & gas prospects reshape search for more hydrocarbons
Tight budgets and shrinking pool of oil & gas prospects reshape search for more hydrocarbons Global oil and gas operators are prioritizing low-risk, low-cost near field or infrastructure-led exploration (ILX) prospects as budgets tighten, rather than the more expensive high-risk hydrocarbon exploration plays. The post Tight budgets and shrinking pool of oil & gas prospects…