Extractive Industries

Oil and gas resources

US orders seizure of illegal oil tanker bound for North Korea that was detained by Cambodia

The United States Department of Justice has ordered the confiscation of a Singaporean oil tanker that it alleges was used for illegal oil shipments to North Korea, which is currently being held in Cambodia. ...

Khmer Times Staff
https://www.khmertimeskh.com/50905550/us-orders-seizure-of-illegal-oil-tanker-bound-for-north-korea-that-was-detained-by-cambodia/

Kingdom’s oil dreams live on even after driller files for liquidation

KrisEnergy Ltd, the operator of the Apsara oil field development offshore Cambodia, has confirmed that all operations of its subsidiary in Cambodia, KrisEnergy (Cambodia) Ltd, will continue as normal, despite its parent company filing for liquidation on June 4, according to a senior official of ...

May Kunmakara
https://www.phnompenhpost.com/business/kingdoms-oil-dreams-live-even-after-driller-files-liquidation

First crude oil shipment due this month

Singapore-based KrisEnergy will make its first shipment of crude oil to international markets this month with a batch of up to 300,000 barrels, according to Cheap Sour, director-general of Petroleum at the Ministry of Mines and Energy. ...

Chea Vanyuth
https://www.khmertimeskh.com/50859589/first-crude-oil-shipment-due-this-month/

របាយការណ៍​របស់​ NSAI៖​ ឱកាស​តិចតួច​បំផុត​ដែល​ការ​ផលិត​ប្រេង​ឆៅ​អប្សរា​នឹង​ប្រសើរ​ឡើង​

​ក្រុមប្រឹក្សា​ និង​ពិគ្រោះ​យោបល់​ភាគី​ទី​បី​ NSAI​ ដែល​បាន​ជួល​ឱ្យធ្វើ​ការ​វិភាគ​អណ្តូងប្រេង​អប្សរា​បាន​បង្ហាញ​ថា​ អណ្តូងប្រេង​ចំនួន​ ៥​ របស់​ក្រុមហ៊ុន​ KrisEnergy​ នៅ​ឯ​ឆ្នេរសមុទ្រ​ក្រុងព្រះសីហនុ​មានឱកាស​តិចតួច​ក្នុង​ការ​ផលិត​ប្រេង​។​  ...

Brian Badzmierowski
https://www.khmertimeskh.com/50847572/nsai-report-little-to-zero-chance-of-apsara-crude-production-will-improve/

Government ‘calm’ as KrisEnergy stumbles

As KrisEenergy struggles to stay afloat, reports of investor “vultures” targeting purchasing the company’s assets have appeared, while the local government remains cautiously optimistic about the conundrum, noting that operations in the Khmer Basin are still “running smoothly”. ...

Husain Haider
https://www.khmertimeskh.com/50845534/government-calm-as-krisenergy-stumbles/

KrisEnergy approaches end of the line

KrisEnergy’s oil production dreams in the Khmer Basin appear to be dead in the water after the oil and gas company revealed it was not able to form a viable debt restructuring plan and will lose its revolving line of credit from Singapore-based DBS Bank. ...

Brian Badzmierowski
https://www.khmertimeskh.com/50842923/krisenergy-approaches-end-of-the-line/

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/

Cambodia hoping to produce oil this year, despite global slump

As the global price of oil craters amid the Covid-19 pandemic, Singapore-based KrisEnergy Ltd remains on track to extract the first drop of oil in the first half of this year, said a Ministry of Mines and Energy senior official. ...

Thou Vireak
https://www.phnompenhpost.com/business/cambodia-hoping-produce-oil-year-despite-global-slump

Record-low oil prices to to continue

A grim report on the world economy by the International Monetary Fund (IMF) yesterday caused oil prices to continue to slide, with international prices hitting the lowest level since 2002 as planned output cuts were deemed insufficient to offset a COVID-19-fuelled slump in demand. ...

Harrison White
https://www.khmertimeskh.com/50713728/record-low-oil-prices-to-to-continue/

Oil deal expected with Canadian firm

The government and Canadian firm EnerCam Co will soon sign an oil exploration agreement for Block VIII in Preah Sihanouk province, a senior official at the General Department of Petroleum said on Monday. ...

Thou Vireak
https://www.phnompenhpost.com/business/oil-deal-expected-canadian-firm

As KrisEnergy gears up to produce Cambodia’s first drop of oil, it has been besieged by creditors

The company told shareholders that it will appear in court in Singapore next Monday to request a second three-month extension to a debt moratorium. The moratorium has been in place since August, when KrisEnergy began efforts to restructure its debt load, which stood at $476.8 ...

Khmer Times Staff
https://www.khmertimeskh.com/50693541/as-krisenergy-gears-up-to-produce-cambodias-first-drop-of-oil-it-has-been-besieged-by-creditors

KrisEnergy to sell Vietnam oil block and focus on diversion to Cambodia field

Singaporean oil and gas company KrisEnergy has decided to give up one of its oil exploration blocks in Vietnam to focus on its operations in Cambodia. ...

Jose Rodriguez T. Senase
https://www.khmertimeskh.com/50692143/krisenergy-to-sell-vietnam-oil-block-and-focus-on-diversion-to-cambodia-field

Chinese company granted licence to explore Block D

Chinese-owned Cambodian Resources Energy Development Co Ltd has been granted a three-year exploration licence in the Gulf of Thailand’s Block D, off the coast of Cambodia, a senior official at the General Department of Petroleum told The Post on Thursday. ...

Thou Vireak
https://www.phnompenhpost.com/business/chinese-company-granted-licence-explore-block-d

Black gold on the horizon

The Ministry of Mines and Energy signed  a petroleum agreement with Cambodia Resources Energy Development Co on exploration of the offshore Block D oilfield. “Signing the agreement allows the company to conduct studies and search for oil in Block D,” Cheap Sour, director-general of Petroleum ...

Chea Vannak
https://www.khmertimeskh.com/50690818/black-gold-on-the-horizon

LNG imported from China to Cambodia

Local business Cambodian Natural Gas Co Ltd and Chinese firm CNOOC Gas Power Group Co Ltd teamed up in importing liquefied natural gas (LNG) to distribute within Cambodia’s market. The company’s officers said the cooperation is to import the LNG to supply  demand in the ...

Chea Vannak
https://www.khmertimeskh.com/50680059/lng-imported-from-china-to-cambodia

United States shows interest in energy sector

Ambassador Patrick Murphy has expressed willingness to push private investors in the United States to work with the Kingdom’s oil and gas sector, so long as Cambodia is keen to coordinate with them. ...

Sun Mesa
https://www.khmertimeskh.com/50671915/united-states-shows-interest-in-energy-sector

Energy officials get training on oil inspections

The Ministry of Mines and Energy yesterday provided its first-ever training to 216 provincial and ministry officials to increase their knowledge on the inspection of the Kingdom’s oil industry. ...

Sun Mesa
https://www.khmertimeskh.com/50666476/energy-officials-get-training-on-oil-inspections/

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