News

Cambodia is set to receive more than $14 million in proceeds from the sale of nearly 300,000 barrels of crude oil stolen by the Bahamas-flagged tanker MT Strovolos last year following a payment dispute with the Apsara oil field’s Singaporean developer, KrisEnergy, according to a ...

Cambodia is slated to receive 70 percent of revenue from crude oil that was stolen by a tanker after a dispute with Singapore’s KrisEnergy which abandoned an offshore oil block off Cambodian waters. ...

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. ...

Canadian-owned company EnerCam Resources Co Ltd (EnerCam) is studying the possibility of investing in oil extraction from Cambodia’s offshore Block A after the government terminated an agreement with Singapore-based KrisEnergy Ltd, after the oil and gas exploration company went bankrupt last year. ...

Cambodia has invited Iran to examine the feasibility of developing the Kingdom’s existing oil blocks and requested that the republic conduct further oil and gas exploration studies. ...

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 ...

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. ...

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. ...

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. ...

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. ...

Cambodia is turning to Russian investors after Singapore’s KrisEnergy abandoned the only operational offshore oil block in the Kingdom’s waters. ...

Prime Minister Hun Sen has stated that Cambodia’s first oil and gas industry, announced on December 29 failed to meet expected volume and thus failed. ...

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 ...

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. ...

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. ...

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

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. ...

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 ...