M&A - Quarterly - Southeast Asia
(Originally posted on April 3, 2023) The first quarter of 2023 has seen a slow but consistent deal-flow in the region, but limited in terms of scale. The theme of majors exiting the region has continued, with this quarter seeing a deal announced that will see Chevron exit Myanmar. The
(Originally published on March 3, 2023) Following on from my previous article, today I will take a look at the New Zealand assets held by OMV, either directly or through their 50% interest in SapuraOMV. New Zealand asset summary OMV are the largest acreage holder and producer in New Zealand,
(Originally published on March 1, 2023) On Monday (27th February), OMV confirmed that it had launched a sales process for the potential divestment of its 50% stake in SapuraOMV Upstream Sdn. Bhd. in Malaysia, and 100% of OMV New Zealand Limited. A formal sales process should generate significant interest beyond
(Originally published on February 16, 2023) Yesterday saw the launch of 2023 Malaysia Bid Round, along with announcements of further awards from the 2022 bid round. 2022 exploration acreage awards There have been a number of awards previously announced around the DROs offered as a part of MBR 2022, but
(Originally published on February 16, 2023) Oil and gas in Brunei has a long history, with the first well drilled in 1899 and oil exports beginning in 1932. The importance of the industry continues, with oil and gas revenues making up almost 50% of the countries revenue in 2021. However,
(Originally published on February 7, 2023) Vietnam has chosen a slightly odd path, in that they have chosen to support the rising demand for energy through burning coal, as can be seen in the chart below. Vietnam has become the 9th largest coal consumer globally and has moved from a
(Originally published on January 31, 2023) Thailand is a classic example of a Southeast Asian country that, from a position of self-sustainability, has become increasingly dependent on importing gas and LNG. The growth in demand and production declines have contributed to this but a number of above-ground issues have also
(Originally published on January 25, 2023) Oil and gas remains a critical industry for Malaysia, with revenues making up about 20% of GDP and the country is the 5th largest LNG exporter in the world. However, they have entered that difficult transition period where their attraction to the majors has
(Originally published on January 16, 2023) Indonesia has not been an easy place for international upstream companies to do business over the last 10 years or so. We have seen a lot of hair being pulled out due to government decision making or just simply the bureaucratic nature of progressing
(Originally published on January 15, 2024) In this second article focusing on Indonesia, 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
(Originally published on January 12, 2023) In my review of 2022 M&A in Southeast Asia, I talked about the quiet quitting of the majors from the region. In this article, I’ll take a look at each of the majors’ upstream positions in the region with a view
(Originally published on January 10, 2023) There have been a lot of headlines about the government intervention in the Australian gas market, with the introduction of a price cap on gas of AU$12/GJ (US$8.6/MMBTU). We can all (hopefully) agree that the desired outcome (reasonably sensible