Oil and gas

Economists and manufacturing players are concerned about the relentless rise in Cambodian fuel prices, which they blame for a general upswing in the prices of other goods and services – a trend many fear may be extended by Russia’s military offensive in Ukraine.   ...

The government has increased retail fuel prices for the fourth bimonthly period in a row, as oil climbs towards $100 per barrel – a trend that has devastated the transport and private-hire sectors and other major petrol consumers ravaged by Covid-induced revenue losses for more ...

The government and Singaporean oil exploration firm KrisEnergy Ltd are actively working together to find markets for the crude oil produced offshore Cambodia and to plan for further steps in resource development for Block A, according to a senior government official. ...

KrisEnergy has warned that its current production rate at Cambodia’s Apsara offshore oil block has yielded only around half the company’s projected peak rate, and it has extended debt repayment deadlines and brought in an engineering firm to assess the situation amid “material uncertainty ...

Following the announcement last week by KrisEnergy Ltd of less-than-anticipated results from oil production at the Apsara Mini Phase 1A development, a senior official from the Ministry of Mines and Energy said the government could penalise  the company or terminate its licence. ...

Singapore-based oil and gas firm KrisEnergy Ltd began extracting crude oil from four additional wells late last month, according to Cheap Sour, a senior official at the Ministry of Mines and Energy. ...

Prime Minister Hun Sen has said that oil revenues will have less of an impact in the short term on the country’s overall economy than other traditional business sectors. His statement was made during a joint ceremony for the inauguration of  the Chamkar Mon Water ...

A senior official of the General Department of Petroleum at the Ministry of Mines and Energy said the ministry is reviewing a request letter from Singapore-listed company KrisEnergy asking for a delay to the start of oil extraction in Cambodia Block A. ...

Thailand’s outgoing Energy Minister Sontirat Sontijirawong expects that there will be a resumption of talks to resolve the dispute of the offshore petroleum blocks in the overlapping maritime territories between Cambodia and Thailand after a delay of 20 years, according to a Bangkok Post report.​ ...

Construction on a 400 megawatt (mW) heavy fuel oil power project in Kandal province’s Lvea Em district, which was planned to begin operations in the first part of June, will not be able to move forward as planned. ...

KrisEnergy (Apsara) Company Ltd, the concession holder for Cambodia’s Block 1 offshore oil field has secured a credit facility agreement of $87 million. ...