Oil and gas resources

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. ...

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 ...

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. ...

​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​។​  ...

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”. ...

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. ...

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 ...

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. ...

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. ...

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. ...

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 ...

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. ...

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. ...

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 ...

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 ...

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. ...

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. ...

Prime Minister Hun Sen on Monday confirmed that Cambodia will extract the first drop of oil from the Apsara oilfield in Cambodia’s offshore Block A by mid-2020. ...

KrisEnergy (Apsara) Co Ltd signed a conditional letter of award with PT Profab for the supply of a minimum facilities wellhead “mini-platform” for the Apsara oilfield – Cambodia’s maiden oil development – its Singapore-based parent company KrisEnergy Ltd said on Wednesday. The move is a ...

Companies processing petroleum from Cambodia’s oilfields are required to provide a maximum of 25 per cent to meet local needs, according to a law that has been signed off by King Norodom Sihamoni on July 12. It was passed by the Senate in late June. ...

Singapore-based firm KrisEnergy Ltd, which operates Cambodia’s Block A offshore oil development project, has started a 3D seismic survey in the area, a company press release said on Tuesday. It announced the commencement of a 1,200sqkm survey in the offshore Cambodia Block A concession, where ...

Construction of an oil refinery straddling two provinces in the South is going ahead slower than expected, with the project now scheduled for completion in 2022, the Ministry of Mines and Energy said. The first phase of the oil refinery, located on 365 square metres ...

Singapore-based firm KrisEnergy Ltd, which operates Cambodia’s offshore Block A, claims it will be able to meet its schedule to extract its first drop of oil late this year. The firm has actively prepared all necessary facilities for the production, Ministry of Mines and Energy ...

Community representatives and civil society groups have hit out at plans for a petrol station on Preah Sihanouk province’s Koh Rong Samloem, expressing concern at the environmental impact the project will have on the tourist hotspot. ...