Conrad Asia Energy and its subsidiary West Natuna Exploration have signed a binding term sheet with Empyrean Energy to settle historical cash call arrears related to the Duyung Production Sharing Contract in Indonesian waters.The agreement outlines a series of transactions that will see Empyrean’s 8.5% participating interest in the Duyung PSC transferred to West Natuna Exploration, followed by the incorporation of a Singapore-based special purpose vehicle in which Empyrean will hold an 8…
Fugro has extended its partnership with PTSC Geos and Subsea Services (PTSC G&S) to provide marine site characterization services in Vietnam, supporting rising demand from both the oil and gas sector and the country’s growing offshore wind industry…
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