(Originally published on July 20, 2024) There were plenty of media reports on Friday that a deal had been agreed that would see PETRONAS acquire ExxonMobil's remaining interest in their Peninsular Malaysia PSCs. However, it appears to have been over-hyped and the deal simply sees PETRONAS take over
(Originally published on July 1, 2024) Q2 has seen six new deals announced in Australasia, four in Australia and two in Papua New Guinea. The transaction value of this one deal was about US $168 million. The running totals for 2024 (H1) are thirteen deals, with a total deal value
(Originally published on July 1, 2024) Q2 has been has seen four new deals announced in Southeast Asia, one each in Myanmar, Malaysia, Brunei and Vietnam. A transaction value was announced for two of the deals, with a total deal value of about US $965 million. The running totals for
(Originally posted in June 12, 2024) Carbon capture and storage (CCS) is becoming a key consideration for reducing the scope 1 & 2 greenhouse gas (GHG) emissions of an upstream oil and gas project. However, introducing CCS to a project comes with additional cost and we have to consider who
(Originally published on May 13, 2024) Back in 2015, Repsol completed their US $13 billion ($8.3 billion + $4.7 billion of debt) acquisition of Talisman Energy. At the time of acquisition, Talisman had assets across Asia Pacific including Australia, PNG, Indonesia, Malaysia and Vietnam. These assets weren't
(Originally published on April 25, 2024) In July 2023, Prima Energi acquired 100% interest in the Northwest Natuna PSC from Mitsui & Co. Since acquiring the PSC, Prima Energi have been progressing options to develop the Ande Ande Lumut (AAL) heavy oil field and, in early-April, they launched tenders for
(Originally published on April 1, 2024) It has been a busy Q1 in Australasia, with seven new deals announced in the quarter. However, the biggest news was about a potential deal being cancelled: * In early December 2023, Woodside Energy and Santos confirmed that they were in discussions about a potential
(Originally published on April 1, 2024) Q1 has been quiet in terms of deal count with two new deals announced in Southeast Asia, one in Malaysia and one in Vietnam. A transaction value was only announced for one of the deals, with a deal value of about US $903 million.
(Originally published on March 5, 2024) For Vietnam, I will cover the issues and company landscape in a single article. A number of the legacy issues and changes covered in my article from 12 months ago: https://www.linkedin.com/pulse/2023-ma-opportunities-southeast-asia-part-5-vietnam-robert-chambers. Main 2023 updates For the majority of 2023,
(Originally published on February 23, 2024) Today, Woodside Energy have announced that they have entered into a binding sale and purchase agreement to divest a 15.1% stake in the Scarborough project to JERA. The deal has an effective date of 1 January 2022 (essentially from FID) and is expected
(Originally published on February 13, 2024) For Thailand, I will cover the issues and company landscape in a single article, with a number of the legacy issues and changes covered in my article from 12 months ago: https://www.linkedin.com/pulse/2023-ma-opportunities-southeast-asia-part-4-thailand-robert-chambers/. For this article, I will start by
(Originally published on February 6, 2024) In this second article focusing on Malaysia, I will take a look upstream company landscape, starting with a quick review of the M&A deals in 2023 and then going through the companies that are currently involved, with the focus being on the