PTT Exploration & Production Company Plc (PTTEP) Company News

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Petrofac Wins Australia Decom Contract
Plug and abandonment operations will take place in the offshore Vulcan Basin.
7:00 PM EST | February 10, 2021
Borr Drilling Ups Backlog by $21MM
Borr Drilling has entered into a new contract and letters of intent for three of its currently warm-stacked rigs.
8:00 PM EST | August 03, 2020
$16B LNG Funding Deal Bucks Slowdown
Total SA's Mozambique LNG project has completed as much as $16 billion in funding.
8:00 PM EST | July 15, 2020
PTTEP, Partners Hit Oil Pay Offshore Mexico
Commercial potential of the new discovery will be assessed in the next phase.
8:00 PM EST | May 04, 2020
Murphy Oil Exits Malaysia
Murphy first announced its Malaysia exit plan in March.
8:00 PM EST | July 09, 2019
Thailand's PTTEP 1Q Profits Rise, Prepares For Gas Auctions
PTTEP says 1Q net profit rose 21% as revenue increased on higher energy prices and that it was seeking growth through the acquisition of new assets.
8:00 PM EST | April 25, 2018
Thailand's PTTEP Seeks To Boost Reserves, Output In SE Asia
PTTEP is looking closer to home for upstream oil and gas assets in a drive to boost its reserves and production as oil prices have recovered.
8:00 PM EST | March 20, 2018
Thailand's PTTEP Delays Canadian Oil Sands Project At Cost Of $550MM
PTTEP says it was delaying plans investment for the Mariana Oil Sands in Canada.
8:00 PM EST | October 18, 2017
Thai PTTEP to Invest At Least $1.7B in 2017 to Maintain Output
Thailand's PTT Exploration and Production plans to invest at least $1.7 billion in 2017 to maintain its production at the same level as last year, according to the firm's CEO.
8:00 PM EST | October 02, 2016
PTTEPI, PC JDA Sign Add-on Deal to PSC for Block 17-01 in Gulf of Thailand
PTTEP International (PTTEPI) and PETRONAS Carigali JDA (PC JDA) sign a supplementary contract to the production sharing contract for Block 17-01 in the Malaysia-Thailand Joint Development Area (MTJDA) in the southern Gulf of Thailand.
8:00 PM EST | August 31, 2016
Indonesia Encourages More Exploration, Development Activities in its Waters
Indonesia plans to boost oil and gas activities in its waters, inviting Malaysia to join Pertamina in exploration work, while seeking to speed up development of the East Natuna block.
8:00 PM EST | August 30, 2016
Thailand Embarking On LNG Shopping Spree As Glut Depresses Price
Bangkok is about to become a very important destination for sellers of liquefied natural gas.
8:00 PM EST | August 24, 2016
Thailand's PTTEP Cuts 2016 Investment Budget 15% To $1.7B
Thailand's largest oil and gas explorer, PTT Exploration and Production has cut its 2016 investment budget to $1.7 billion from $2 billion due to a cost reduction measure, an executive says.
8:00 PM EST | August 22, 2016
Thailand's PTTEP To Sell Oman 44 Project To ARA Petroleum
Thailand's largest oil and gas explorer, PTT Exploration and Production says it will sell its Oman 44 natural gas project to ARA Petroleum in a shift in investments in the Middle Eastern country.
8:00 PM EST | August 21, 2016
Algeria's Hassi Bir Rekaiz Project JV to Submit Development Plan in 2017
Thailand's PTTEP and joint venture partners intend to submit development plan for the onshore Hassi Bir Rekaiz Project in eastern Algeria to the authorities in early 2017.
8:00 PM EST | August 16, 2016
PTT Exploration Faces Class Action Lawsuit Over Oil Spill
Thailand's oil and natural gas explorer PTTEP is facing a more than $152 million class action lawsuit from 13,000 Indonesian seaweed farmers who claim a 2009 oil spill devastated their livelihoods. The company labeled the claim misguided.
8:00 PM EST | August 02, 2016
Neptune Marine Services Wins Contract from PTTEP Australasia
Australia's Neptune Marine Services wins inspection services contract from PTTEP Australasia.
8:00 PM EST | July 27, 2016
Thailand's PTTEP Q2 Profit More Than Doubles, Beats Forecast
PTT Exploration and Production, Thailand's largest oil and gas explorer, says its quarterly net profit more than doubled, helped by lower expenses.
8:00 PM EST | July 27, 2016
PETRONAS Awards SK410B PSC Offshore Malaysia to PTTEP-led JV
PETRONAS awards the SK410B Production Sharing Contract offshore Malaysia to a joint venture comprising Thailand's PTTEP, KUFPEC and PETRONAS Cargali.
8:00 PM EST | July 21, 2016
Pertamina Plans an Evaluation of Indonesia's East Natuna Block Soon
Pertamina plans to conduct an evaluation of the East Natuna Block in the Riau Province offshore Indonesia soon.
8:00 PM EST | July 12, 2016
Thailand's PTTEP, Oman's OOCEP Sign MOU to Cooperate in Upstream Sector
Thailand's PTTEP and Oman Oil Co. Exploration and Production sign a memorandum of understanding to cooperate in the upstream sector.
8:00 PM EST | July 11, 2016
Thailand's EPPO Says Country May Face Gas Shortage in 2020-2021
Thailand's Energy Policy and Planning Office (EPPO) says the kingdom may face gas shortages in 2020-2021 amid uncertainty over the upcoming petroleum auctions.
8:00 PM EST | June 22, 2016
Thailand To Auction Petroleum Concessions Held By Chevron, PTTEP
Thailand's military government plans to put petroleum concessions held by Chevron and PTT Exploration and Production up for auction, energy minister Anantaporn Kanjanarat says.
8:00 PM EST | May 29, 2016
Thai PTTEP Says Keen To Buy Stake In Myanmar Gas Field From Chevron
PTT Exploration and Production Pcl (PTTEP), Thailand's largest oil and gas explorer, says it was keen to buy a stake in Yadana gas field in Myanmar from Chevron Corp.
8:00 PM EST | May 23, 2016
PTTEP Tackles Industry Challenges, Prepares for Future with 3Rs
PTTEP employs a new approach to deal with challenges arising from the current industry downturn.
8:00 PM EST | April 19, 2016
Thai PTTEP May Cut 2016 Budget, Keen for Stake in BG's Bongkot Gas Field
Thailand's PTTEP is considering cutting its $3.4 billion investment budget for this year due to declining oil prices, its chief executive says.
7:00 PM EST | January 11, 2016
Coastal Contracts' Unit TML Seeks $5.65M in Damages from 2 Rig Builders
Coastal Contracts' subsidiary Thaumas Marine commences arbitration proceedings in Singapore to seek $5.65 million in claims relating to a jackup built by CIMC Raffles and Dynamic Driller.
8:00 PM EST | October 11, 2015
PTTEP Sells 20% Stakes in 2 Blocks in Myanmar to MOECO, Palang Sophon
Thailand's PTTEP sells 20 percent interest in two onshore blocks in Myanmar to Japan's MOECO and Thai-based Palang Sophon Offshore.
8:00 PM EST | August 30, 2015
Scomi Bags $27.66M Deal from PTTEPI for Myanmar's Zawtika Gas Project
Malaysia's Scomi Energy bags a three-year contract from PTTEPI for the Zawtika gas project offshore Myanmar.
8:00 PM EST | August 17, 2015
Thai PTTEP 2Q Profit Plunges on Forex, Oil Hedging Losses
PTT Exploration and Production PCL (PTTEP), Thailand's largest oil and gas explorer, says its second quarter net profit slumped 94 percent, dragged by a fall in revenue, and foreign exchange and oil hedging losses.
8:00 PM EST | July 22, 2015
Thai Star Petroleum to Raise Up To $735M from IPO in 4Q
Star Petroleum could raises up to $735 million in an initial public offering that will mark the exit from the business of Thailand's PTT.
8:00 PM EST | July 13, 2015
Thailand's PTT Names Subsidiary Head Tevin as New CEO
PTT has appointed Tevin Vongvanich, head of subsidiary PTTEP, to become the chief executive officer of Thailand's biggest energy firm, PTT's chairman says.
8:00 PM EST | June 25, 2015
Thai PTTEP Cuts 2015 Sales Target, Investment Due to Weak Demand
PTTEP cuts its 2015 petroleum sales growth target to 3 percent from 6 percent, mainly due to weak demand and slower-than-expected economic growth.
8:00 PM EST | May 20, 2015
Working for Asian National Oil Companies - An Attractive Choice?
With job security a major preoccupation for most Asian employees in the current downturn, NOCs appear to be an attractive employment option.
8:00 PM EST | May 05, 2015
Thailand's PTTEP 1Q Net Profit Falls 31% on Weak Oil Prices
PTTEP, Thailand's largest oil and gas explorer, says its first quarter net profit dropped 31 percent as the drop in global oil prices cut prices of its products.
8:00 PM EST | April 29, 2015
Three Offshore Gas Fields in Myanmar to Shut Down for Maintenance in April
Myanmar will shut down three offshore gas fields for scheduled maintenance in late April, according to a senior official at the Myanma Oil and Gas Enterprise.
8:00 PM EST | March 09, 2015
Thailand's PTTEP Slips to 4Q Net Loss as Weak Oil Prices Weigh
PTTEP, Thailand's largest oil and gas explorer, reports its first quarterly net loss in more than a decade, mainly due to higher impairment loss on assets after declines in global oil prices.
7:00 PM EST | January 28, 2015
Thailand to Proceed with Exploration Block Bidding Round Despite Opposition
Thailand will proceed with its latest petroleum exploration and production bidding round despite domestic opposition to the plan.
7:00 PM EST | January 15, 2015
Petrobras Ends Drilling at Pudim Well in Espirito Santo Basin Off Brazil
Petrobras completes drilling at Pudim extension well in Espirito Santo Basin offshore Brazil.
7:00 PM EST | January 05, 2015
Thai PTTEP May Review Investment Plans if Oil Prices Fall Further
Thailand's PTTEP may hold off on investing in five projects including those in Myanmar, Australia and Mozambique if crude oil prices fall further.
7:00 PM EST | January 05, 2015
Thai PTTEP Eyes Acquisitions in 2015, Mainly in Thailand, Asia
Thailand's PTT Exploration and Production Pcl says it will be looking for acquisitions in 2015, mainly in Thailand and Asia.
7:00 PM EST | December 25, 2014
Thailand's PTTEP Plans Total Expenditure of $24.3B in 2015-2019
Thailand's PTTEP plans to spend $24.3 billion between 2015 and 2019.
7:00 PM EST | December 22, 2014
Thai PTTEP Aims to Boost Cash Flow to $4B at End 2014
PTTEP aims to boost cash flow to $4 billion at the end of 2014 from $3.68 billion in 2013.
7:00 PM EST | November 11, 2014
Thailand's PTTEP 3Q Net Profit Down 16% On Year
Thailand's PTTEP says its third quarter net profit fell 16 percent, hit chiefly by rising expenses and lower prices of crude oil that dragged down its selling prices.
8:00 PM EST | October 29, 2014
PTTEP to Acquire 20% Interest in Concession BM-ES-23 Offshore Brazil
PTTEP to acquire a 20 percent interest in Concession BM-ES-23 in the Espirito Santo Basin offshore Brazil from Shell.
8:00 PM EST | September 21, 2014
PTTEP Plans $3.3B CAPEX for Myanmar Projects for 2014-2018
PTTEP plans a $3.3 billion capital expenditure to develop its oil and gas projects in Myanmar from 2014 to 2018, or 20% of the $16 billion earmarked worldwide.
8:00 PM EST | September 15, 2014
Thai PTTEP To Spend $1B for Mozambique Project In Next 5-6 Years
Thailand's PTTEP plans to spend up to $1 billion for a Mozambique project over the next five to six years starting from 2015.
8:00 PM EST | September 14, 2014
PTTEP Commences Gas Exports from Myanmar's Zawtika Project to Thailand
PTTEP commences gas exports from the Zawtika project in Myanmar's Gulf of Martaban to Thailand.
8:00 PM EST | August 05, 2014
Thai PTTEP 2Q Net Profit Up 55%, Beats Forecast
PTTEP reports a 55 percent rise in second quarter net profit due to higher petroleum sales and firmer global oil prices.
8:00 PM EST | July 24, 2014
UMW Naga 5 to Drill in Myanmar's Offshore Block M3 for PTTEPI
UMW Oil & Gas' jackup UMW Naga 5 has secured a $51.3 million contract from PTTEP International for drilling services at Block M3 offshore Myanmar.
8:00 PM EST | July 09, 2014