(Originally published on January 20, 2025) In the first of two articles looking at the upstream business in Indonesia, I will reflect on some of the major changes and activities we have seen this year, and consider some of the priorities and uncertainties going forward. All change at the top
M&A - Quarterly - Australasia
(Originally published on January 7, 2025) Q4 has seen four new deals announced in Australasia, all of which were in Australia. The transaction value for these four deals was about US $1,140 million. The totals for 2024 are nineteen deals, with a total deal value of about US $2,
M&A - Quarterly - Southeast Asia
(Originally published on January 6, 2025) Q4 has been has been quiet, with only one deal involving discovered resource, with this deal being in Indonesia. In addition, we saw the successful farm-down of exploration acreage offshore Malaysia. The annual deal count for 2024 is 10 deals with a total deal
(Originally published on December 19, 2024) Earlier today, Woodside and Chevron announced that they have agreed an asset swap that will see Woodside take Chevron’s interest in the NWS Project, the NWS Oil Project and the Angel CCS Project, with Chevron getting Woodsides stake in Wheatstone LNG and Julimar-Brunello.
(Originally published on December 5, 2024) Today, MPM announced the winners for four new PSCs that were offered during MBR 2024, three DROs and one exploration block. MBR 2024 was launched in January and included five exploration blocks and five DROs. Notably, no acreage was offered in Sarawak. A summary
M&A - Quarterly - Australasia
(Originally published on October 1, 2024) Q3 has seen five new deals (one of which was later cancelled) announced in Australasia, three in Australia and two in Timor-Leste. The transaction value for these five deals was about US $12.3 million. Excluding the cancelled deal, we have four deal, with
M&A - Quarterly - Southeast Asia
(Originally published on October 1, 2024) Q3 has been has been very quiet, with no real M&A involving discovered resource but there were two deals of note, one involving a significant change in operatorship and the other involving exploration acreage, both being in Malaysia. I don't
M&A - Deal analysis
(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
M&A - Quarterly - Australasia
(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
M&A - Quarterly - Southeast Asia
(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