Search results for: Timor-Leste

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  • 4 October 2019

    The Government of Timor-Leste has launched an international licensing round for oil and gas exploration in the country, in the wake of a recent maritime border treaty with Australia entering force on August 30.

  • 15 June 2015
    Business & Finance

    Carnival Australia, Carnival Corporation’s outpost for Australia, New Zealand and the Pacific, made the first ever cruise ship visit to Timor-Leste when P&O Cruises’ Pacific Jewel docked at the young nation’s capital Dili last weekend. Carnival Australia CEO Ann Sherry and Steve Bracks, special adviser on governance to the Timor-Leste Prime Minister, hailed Pacific Jewel’s visit as a significant step […]

  • 30 August 2019

    Timor-Leste and Australia have resolved their disputes over maritime borders in the Timor Sea, setting the pathway for the development of the Greater Sunrise offshore fields.

  • 1 October 2018

    East Timor has signed a deal to buy ConocoPhillips’ stake in the giant Sunrise offshore gas field in the Timor Sea for $350 million.

  • 18 July 2019
    Business & Finance

    Chinese Harbor Engineering Co Ltd (CHEC) has officially started construction of the Port of Tibar in Timor-Leste with the first blasts at a quarry to collect construction materials, the Chinese embassy in the Democratic Republic of Timor-Leste reported earlier this week.  According to their announcement, the official ceremony to launch the work took place on […]

  • 18 June 2012
    Business & Finance

    PT Pertamina (Persero) and Timor Gas E Petroleo, National Oil Company of Democratic Republic of Timor Leste, signed the Memorandum of Understanding for developing business together in oil and gas sector in Timor Leste. The Memorandum of Understanding (MoU) was signed by President Director of Pertamina Karen Agustiawan and President & CEO Timor Gas E […]

  • 21 November 2018
    Infrastructure, Project & Tenders

    Oil and gas Shell is exiting the long-stalled Greater Sunrise offshore gas project in the Timor Sea, agreeing to sell its interest to the Timor-Leste government for $300 million. Shell follows the steps of ConocoPhillips which announced the sale in October. 

  • 30 August 2019

    Santos has signed agreements supporting the transition to permanent maritime boundaries between Australia and Timor-Leste and a continued stable framework for petroleum activities in the Timor Sea.

  • 16 April 2019
    Business & Finance, Infrastructure

    U.S. oil and gas firm ConocoPhillips has wrapped up the previously announced sale of its interest in the Greater Sunrise Fields in the Timor Sea.

  • 24 January 2017
    Project & Tenders

    Timor-Leste and Australia have moved a step forward in resolving their long-standing maritime border dispute, that would, once resolved, pave the way for the development of the giant Sunrise gas and condensate field in the Timor Sea. In a joint statement on Tuesday, the two nations and the conciliation commission said they’d held series a […]

  • 9 January 2017

    Timor-Leste has decided to scrap a 2006 deal with Australia that splits the future revenue from the now-frozen development of the giant gas and condensate field in the Timor Sea. The two countries signed the Certain Maritime Arrangements in the Timor Sea (the CMATS Treaty) in 2006, agreeing that revenue from the undeveloped $40-50 billion Greater […]

  • 21 November 2018

    Shell Australia and the Government of Timor-Leste have entered into a sales and purchase agreement (SPA) for the sale of Shell’s 26.56 percent interest in the Greater Sunrise fields.

  • 26 November 2019
    Business & Finance

    The Republic of Timor-Leste and Damen Shipyards Group recently signed a contract for a new RoPax ferry.

  • 2 October 2018
    Project & Tenders

    ConocoPhillips agreed to sell its 30 percent interest in the Greater Sunrise Fields to the government of Timor-Leste for $360 million.

  • 18 June 2012

    PT Pertamina (Persero) and Timor Gas E Petroleo, National Oil Company of Democratic Republic of Timor Leste, signed the Memorandum of Understanding for developing business together in oil and gas sector in Timor Leste. The Memorandum of Understanding (MoU) was signed by President Director of Pertamina Karen Agustiawan and President & CEO Timor Gas E […]

  • 13 August 2013

    The Government of Timor-Leste has, in response to the article titled “Oilex Scraps Timor Sea PSC Amid Maritime Border Disputes“, published on Offshore Energy Today in July, released the following statement: “The Government of Timor-Leste has created one of the most fiscally certain environments for investors, including one of the most beneficial domestic tax regimes […]

  • 7 March 2018
    Project & Tenders

    Redevelopment of Carnarvon Petroleum-operated Buffalo oil field will now be undertaken in an area of exclusive Timor-Leste jurisdiction, following the signing of a new maritime boundary treaty between Australia and Timor-Leste. 

  • 9 January 2017

    Woodside-operated $40 billion Sunrise LNG project has been given a positive sign, as Australia and Timor-Leste agreed to reach a permanent solution on maritime borders in the Timor Sea.

  • 8 March 2018

    Australia and Timor-Leste signed a treaty establishing permanent maritime boundaries as well as a framework to jointly develop the Greater Sunrise gas fields.

  • 26 March 2020

    Searcher Seismic has reached a marketing and sales agreement with Autoridade Nacional Do Petroleo E Minerals (ANPM), the Timor-Leste’s Petroleum Authority. The agreement is for the Searcher’s offshore Timor-Leste data and study package. Searcher, in collaboration with Discover Geoscience, is offering the industry access to a comprehensive open-file seismic package which will expedite clients’ ability […]

  • 15 April 2013

    INPEX said that through its wholly – owned subsidiary INPEX Offshore Timor – Leste, Ltd., it has signed a new Production Sharing Contract (PSC) for the JPDA 11 – 106 contract area of the Joint Petroleum Development Area (JPDA), which is jointly administered by the Democratic Republic of Timor – Leste and the Commonwealth of […]

  • 15 April 2013
    Business & Finance, Research & Development

    INPEX CORPORATION (INPEX) announces that through its wholly-owned subsidiary INPEX Offshore Timor-Leste, Ltd., it has signed a new Production Sharing Contract (PSC) for the JPDA 11-106 contract area (Contract Area) of the Joint Petroleum Development Area (JPDA), which is jointly administered by the Democratic Republic of Timor-Leste and the Commonwealth of Australia, with Eni JPDA […]