Mubadala Energy Expands in Andaman Sea with New Block Award

12 Sep 2024 CW Team

In addition to the new block, Mubadala Energy has completed its South Andaman drilling campaign, confirming the multi-TCF potential of the Andaman Sea basin. The campaign, which included the appraisal of the Layaran discovery, involved the wells Layaran-1, Tangkulo-1, Layaran-2, and Layaran-2ST1. The exploration activities utilised advanced technology and deep-water capabilities to ensure efficient and safe operations.

Adnan Bu Fateem, Chief Operating Officer of Mubadala Energy, remarked that the successful bidding for the Central Andaman block represents a significant strategic development that will unlock further potential opportunities. He added that with their operational capabilities and deep understanding of the basin, Mubadala Energy is well-positioned to realise the potential of South and Central Andaman and is eager to collaborate with their partner and government stakeholders to develop these projects.

Abdulla Bu Ali, President Director of Mubadala Energy Indonesia, also commented on the successful and safe completion of the South Andaman drilling campaign. He noted that the results not only represent a victory for the team but also mark an important milestone for the company, supporting Indonesia’s energy transition and energy security priorities.

The multi-well campaign in South Andaman and Andaman II has enabled Mubadala Energy and its partners to confirm significant in-place discovered resources. These resources have the potential to play a key role in the energy landscape of Indonesia and Southeast Asia. Mubadala Energy is now developing a strategy to bring these resources into production as quickly as possible.

Mubadala Energy, headquartered in Abu Dhabi, has secured a 40% stake in the Central Andaman block as part of its expanding exploration activities in the Andaman Sea. The block was awarded by the Indonesian oil and gas regulator MIGAS, with Harbour Energy holding a 60% operated interest. This acquisition follows the recent Indonesian licensing round and enhances Mubadala Energy’s growth strategy in the region.In addition to the new block, Mubadala Energy has completed its South Andaman drilling campaign, confirming the multi-TCF potential of the Andaman Sea basin. The campaign, which included the appraisal of the Layaran discovery, involved the wells Layaran-1, Tangkulo-1, Layaran-2, and Layaran-2ST1. The exploration activities utilised advanced technology and deep-water capabilities to ensure efficient and safe operations.Adnan Bu Fateem, Chief Operating Officer of Mubadala Energy, remarked that the successful bidding for the Central Andaman block represents a significant strategic development that will unlock further potential opportunities. He added that with their operational capabilities and deep understanding of the basin, Mubadala Energy is well-positioned to realise the potential of South and Central Andaman and is eager to collaborate with their partner and government stakeholders to develop these projects.Abdulla Bu Ali, President Director of Mubadala Energy Indonesia, also commented on the successful and safe completion of the South Andaman drilling campaign. He noted that the results not only represent a victory for the team but also mark an important milestone for the company, supporting Indonesia’s energy transition and energy security priorities.The multi-well campaign in South Andaman and Andaman II has enabled Mubadala Energy and its partners to confirm significant in-place discovered resources. These resources have the potential to play a key role in the energy landscape of Indonesia and Southeast Asia. Mubadala Energy is now developing a strategy to bring these resources into production as quickly as possible.

Infrastructure Urban

06 Nov 2025

TBO Tek Q2 Profit Climbs 12%, Revenue Surges 26% YoY

TBO Tek Limited one of the world’s largest travel distribution platforms, reported a solid performance for Q2 FY26 with a 26 per cent year-on-year increase in revenue to Rs 5.68 billion, reflecting broad-based growth and improving profitability.The company recorded a Gross Transaction Value (GTV) of Rs 8,901 crore, up 12 per cent YoY, driven by strong performance across Europe, MEA, and APAC regions. Adjusted EBITDA before acquisition-related costs stood at Rs 1.04 billion, up 16 per cent YoY, translating into an 18.32 per cent margin compared to 16.56 per cent in Q1 FY26. Profit after tax r..

Infrastructure Urban

06 Nov 2025

Northern Graphite, Rain Carbon Secure R&D Grant for Greener Battery Materials

Northern Graphite Corporation and Rain Carbon Canada Inc, a subsidiary of Rain Carbon Inc, have jointly received up to C$860,000 (€530,000) in funding under the Canada–Germany Collaborative Industrial Research and Development Programme to develop sustainable battery anode materials.The two-year, C$2.2 million project aims to transform natural graphite processing by-products into high-performance, battery-grade anode material (BAM). Supported by the National Research Council of Canada Industrial Research Assistance Programme (NRC IRAP) and Germany’s Federal Ministry for Economic Affairs a..

Infrastructure Urban

06 Nov 2025

Antony Waste Q2 Revenue Jumps 16%; Subsidiary Wins Rs 3,200 Cr WtE Projects

Antony Waste Handling Cell Limited (AWHCL), a leading player in India’s municipal solid waste management sector, announced a 16 per cent year-on-year increase in total operating revenue to Rs 2.33 billion for Q2 FY26. The growth was driven by higher waste volumes, escalated contracts, and strong operational execution.EBITDA rose 18 per cent to Rs 570 million, with margins steady at 21.6 per cent, while profit after tax stood at Rs 173 million, up 13 per cent YoY. Revenue from Municipal Solid Waste Collection and Transportation (MSW C&T) reached Rs 1.605 billion, and MSW Processing re..