Canadian firm granted oil, gas exploration, production licence

The government has given the nod to EnerCam Resources Co Ltd, a subsidiary of Toronto-listed Angkor Resources Corp, for oil and gas exploration, development and production on southwestern Cambodia’s roughly 7,300sq km onshore Block VIII in the Kampong-Som Basin, the parent company reported on October ...

May Kunmakara
https://www.phnompenhpost.com/business/canadian-firm-granted-oil-gas-exploration-production-licence

New talks to end Overlapping Claims Area petroleum riches by Thailand and Cambodia

Thailand is scheduled to hold talks with Cambodia over a 26,000 sq kilometers overlapping claims area (OCA) estimated to hold up to 500 million barrels of oil and gas deposits under the sea floor. ...

Khmer Times Staff
https://www.khmertimeskh.com/501152822/new-talks-to-end-overlapping-claims-area-petroleum-riches-by-thailand-and-cambodia/

Stolen crude oil to be returned to Cambodia

Cambodia has reached an agreement to receive 300,000 barrels of crude oil that was stolen by a tanker following a payment dispute with Singaporean energy​ KrisEnergy, a senior government official said on Tuesday. ...

Chhorn Raksmey
https://kiripost.com/stories/stolen-crude-oil-to-be-returned-to-cambodia

Retail fuel rates raised for fifth time

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.   ...

Hom Phanet
https://www.phnompenhpost.com/business/retail-fuel-rates-raised-fifth-time

Retail fuel rates hiked for fourth straight period

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 ...

Hom Phanet
https://www.phnompenhpost.com/business/retail-fuel-rates-hiked-fourth-straight-period

Kingdom seeks buyers for crude amid discouraging production

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. ...

May Kunmakara
https://www.phnompenhpost.com/business/kingdom-seeks-buyers-crude-amid-discouraging-production

Indebted oil company reports lower-than-expected oil at Cambodian block

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 ...

Danielle Keeton-Olsen
https://vodenglish.news/indebted-oil-company-reports-lower-than-expected-oil-at-cambodian-block/

KrisEnergy may face action: Gov’t official

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. ...

Sok Chan
https://www.khmertimeskh.com/50834110/krisenergy-may-face-action-govt-official/

Cambodia chalks up five oil wells

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. ...

Thou Vireak
https://www.phnompenhpost.com/business/cambodia-chalks-five-oil-wells

Oil revenue no short-term fix to economic growth: PM

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 ...

Tom Starkey
https://www.khmertimeskh.com/50809405/oil-revenue-no-short-term-fix-to-economic-growth-pm/

KrisEnergy seeks additional delay to Cambodia Block A scheduled oil extraction

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. ...

Sok Chan
https://www.khmertimeskh.com/50783454/krisenergy-seeks-additional-delay-to-cambodia-block-a-scheduled-oil-extraction/

Talks to resume on offshore oil and gas

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.​ ...

Sok Chan
https://www.khmertimeskh.com/50747626/talks-to-resume-on-offshore-oil-and-gas/

Kandal’s 400mW heavy fuel power plant to resume construction next month

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. ...

Chhut Bunthoeun
https://www.khmertimeskh.com/50726931/kandals-400mw-heavy-fuel-power-plant-to-resume-construction-next-month/

KrisEnergy secures $87 million loan facility for Phase 1 of Apsara oil fields in Cambodia

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

Khmer Times Staff
https://www.khmertimeskh.com/50719285/krisenergy-secures-87-million-loan-facility-for-phase-1-of-apsara-oil-fields-in-cambodia/

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