News

Ministry denies abuse claims by ‘stolen’ tanker’s owners

The government has denied allegations of human rights violations against the crew of a tanker which left Cambodian waters with a cargo of oil. It said the vessel’s master had already been jailed by Indonesian authorities and it wanted the crew extradited to face charges ...

Michael Firn
https://www.khmertimeskh.com/50945151/ministry-denies-abuse-claims-by-stolen-tankers-owners-2/

Cambodia claims entire ownership of stolen crude oil loaded on MT Strovolos

Ministry of Mines and Energy has claimed that the stolen $21 million crude oil on MT Strovolos legally belongs to Cambodia, denying the news and declarations of owners and managers of the vessel. ...

Khmer Times Staff
https://www.khmertimeskh.com/50945269/cambodia-claims-entire-ownership-of-stolen-crude-oil-loaded-on-mt-strovolos/

Energy Ministry demands return of ‘stolen’ Cambodian oil

The Cambodian government says it is taking legal action against the owners or charterers and the managers of a tanker containing 300,000 barrels of oil, which it says belong to the Kingdom. ...

Michael Firn
https://www.khmertimeskh.com/50928950/energy-ministry-demands-return-of-stolen-cambodian-oil/

Energy Ministry demands return of ‘stolen’ Cambodian oil

The Cambodian government says it is taking legal action against the owners or charterers and the managers of a tanker containing 300,000 barrels of oil, which it says belong to the Kingdom. ...

Michael Firn
https://www.khmertimeskh.com/50928950/energy-ministry-demands-return-of-stolen-cambodian-oil/

Indonesian navy seizes tanker wanted in Cambodia oil heist

Indonesia’s navy on August 25 said it has seized a tanker and its crew who were wanted on charges of stealing nearly 300,000 barrels of crude oil from Cambodia’s reserves. ...

AFP
https://www.phnompenhpost.com/business/indonesian-navy-seizes-tanker-wanted-cambodia-oil-heist

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/

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

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/

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/

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

KrisEnergy signs letter of award for Cambodia oil mini-platform

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 ...

Hin Pisei
https://www.phnompenhpost.com/business/krisenergy-signs-letter-award-cambodia-oil-mini-platform

KrisEnergy starts 3D seismic survey

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 ...

Sorn Sarath
https://www.phnompenhpost.com/business/krisenergy-starts-3d-seismic-survey

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