Search results for: kris energy

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  • 24 August 2017
    Business & Finance

    KrisEnergy, an oil and gas company focused on operations in Southeast Asia, has promoted its chief operating officer and president of the company’s Cambodian ops to the chief executive officer role. KrisEnergy said on Thursday that the company appointed Kelvin Tang to the position of CEO. The COO and president of the company’s Cambodian entity […]

  • 14 March 2017
    Business & Finance

    KrisEnergy, an oil and gas company focused on operations in Southeast Asia, has made changes to its management and the board of directors. KrisEnergy said on Tuesday that the changes were made following the recent financial restructuring of the company. Kelvin Tang, currently VP Legal and President of the company’s Cambodia entity, was appointed the […]

  • 19 June 2014

    KrisEnergy Ltd., an independent upstream oil and gas company, is soon to acquire an additional 42% share in Indonesia Tanjung Aru PSC.

  • 4 November 2016

    Singapore’s conglomerate and offshore rig builder Keppel Corporation is in talks to provide a lifeline to the upstream oil and gas company KrisEnergy, which could, in turn, lead to Keppel increasing its stake in KrisEnergy to almost 70 percent. The announcement by Keppel on Thursday follows KrisEnergy’s proposed financial restructuring, announced on the same day, which […]

  • 19 May 2020
    Business & Finance, Business developments & projects

    Oil and gas company KrisEnergy has decided to promote its interim chief financial officer (CFO) to a permanent role.

  • 11 April 2019
    Business & Finance

    Chief operating officer of oil and gas company KrisEnergy has decided to resign from the company.

  • 15 April 2014

    Neon Energy loses interest in Vietnamese blocks after failing to pay.   KrisEnergy Ltd, an independent upstream oil and gas company, announces the following in relation to its Vietnam contract areas, Block 105-110/04 (“Block 105”) and Block 120:  Eni Vietnam B.V. the operator of Block 105 and Block 120, issued default notices on 7 March […]

  • 2 October 2014

    KrisEnergy Ltd. has officially acquired Chevron Overseas Petroleum (Cambodia) Limited (COPLC), following receipt on 17 September 2014 of acknowledgement from the Royal Government of the Kingdom of Cambodia for the change of control.

  • 12 November 2015

    KrisEnergy, an independent exploration and production company focused on Southeast Asia, has seen a profitable third quarter of 2015 on gains from assets transfer.  According to KrisEnergy’s 3Q 2015 report, the company’s net profit for the quarter amounted to $9.4 million, as opposed to a $10 million loss in the corresponding period last year. The company […]

  • 15 June 2015
    Business & Finance

    KrisEnergy Ltd., an independent upstream oil and gas company, has announced an underwritten renounceable rights issue to support the company’s capital expenditure including to grow oil and gas production in existing fields and near-term development projects. According to KrisEnergy, the rights issue is expected to generate net proceeds of approximately S$165.6 million ($123.1M) from issuing […]

  • 13 May 2016
    Business & Finance

    KrisEnergy, and independent oil and gas firm operating mainly in Asia, saw its revenue triple in the first quarter of 2016. The company said that despite oil falling below $30 a barrel at one point during the quarter, revenue rose to $33 million, as the group saw a full quarter of production from the Wassana […]

  • 4 January 2016

    KrisEnergy, an independent upstream oil and gas company, has reported an increase in oil and gas production and reserves estimates for the year-end 2015. According to KrisEnergy, its working interest production of oil and gas stood at 19,935 barrels of oil equivalent per day (boepd) as at January 1, 2016 from four fields in the Gulf of […]

  • 12 August 2014

    Italy’s Eni and Singapore’s KrisEnergy have reached an agreement with Neon Energy to resolve a dispute regarding the settlement of the financial liabilities of Neon, subsequent to the Vietnamese drilling program conducted in late 2013 in Block 105-110/04 and Block 120. In consideration for a full release from all liabilities Neon has agreed to pay US$5.75 […]

  • 5 January 2018
    Business & Finance

    Chris Ong Leng Yeow, CEO of Keppel Offshore & Marine, has joined KrisEnergy as a non-executive director, effective January 5.

  • 14 February 2020
    Business & Finance

    Singapore’s KrisEnergy has entered into a farm-out agreement with a “major international oil and gas company” for the transfer of its entire 100 percent working interest in the Block 115/09 production sharing contract offshore Vietnam for a nominal cash consideration.

  • 4 April 2019
    Business & Finance

    Singapore’s independent oil and gas company KrisEnergy is working to increase its revolving credit facility amid going concern doubts expressed by an independent auditor.

  • 20 October 2017
    Project & Tenders

    Oil and gas company KrisEnergy has made a final investment decision (FID) to proceed with the first phase of development for the Apsara oil field, the first hydrocarbon development project in Cambodia. Located in Cambodia Block A in the Gulf of Thailand, Phase 1A of the Apsara development envisages a single unmanned minimum facility 24-slot […]

  • 9 March 2015
    Business & Finance

    KrisEnergy is increasing its working interest in Block 105- 110/4, offshore Vietnam, and taking over operatorship of the production sharing contract following the execution of a deed of assignment on March 9, 2015 between Eni Vietnam B.V. and KrisEnergy (Song Hong 105) Ltd. Pursuant to the deed, which is effective December 31, 2014, Eni Vietnam’s […]

  • 17 March 2016

    KrisEnergy, an independent upstream oil and gas company, has announced that Chan Hon Chew, who is the Chief Financial Officer (CFO) at Keppel Corporation has joined its Board of Directors as a Non-Executive Director. Chan Hon Chew replaces Loh Chin Hua, who has stepped down from the Board with effect from March 17, 2016. He takes […]

  • 5 May 2014
    Business & Finance, Project & Tenders

    KrisEnergy Ltd, an independent upstream oil and gas company, announced that Neon Energy will be required to withdraw from the Tanjung Aru production sharing contract, offshore Kalimantan in Indonesia. Under the PSC’s joint operating agreement (“JOA”) KrisEnergy and Neon Energy entered into a deed of carry with Natuna to pay a portion, up to an […]

  • 23 November 2015
    Project & Tenders

    KrisEnergy Ltd., an independent upstream oil and gas company, has received government approval of the Production Area Application (PAA) for an area containing the Rossukon oil discovery in the Gulf of Thailand. The PAA was approved by the Department of Mineral Fuels (DMF), the government agency responsible for Thailand’s upstream petroleum industry, and covers an […]

  • 1 July 2016
    Business & Finance

    Chief Executive Officer of KrisEnergy, Keith Cameron, has decided to retire and KrisEnergy has named Jeffery S. Macdonald as Interim Chief Executive Officer until a successor has been appointed. Macdonald, a Non-Executive Independent Director of the company since 2009, will take over effective July 1, 2016. Cameron will continue as an advisor to Macdonald, who will become an […]