ExxonMobil Aims Southeast Asian CCS Projects

ExxonMobil is focusing on developing a carbon capture and storage (CCS) business in Southeast Asia. Meanwhile, the Indonesian government has mapped six locations suitable for CCS and carbon capture, utilization, and storage (CCUS) projects.

Elnusa Wins Three Seismic Survey Contracts

Elnusa secured three new seismic survey contracts. Restarted exploration projects are signs that Indonesia's upstream oil and gas industry is starting to recover.

Corporate Actions Round-Up October 14, 2021

Several corporations have conducted various corporate actions to increase their valuations. PT Bank Central Asia Tbk (BBCA), for example, has become the bank with the largest market capitalization in Southeast Asia after a stock split.

Saratoga's SPAC to Merge with Richard Li-Backed Hyphen Group

Saratoga's Provident Acquisition Corp is exploring a merger option with Hyphen Group, a fintech company affiliated with billionaire Richard Li. The merger will expectedly boost Hyphen's valuation to US$1 billion and effectively make it a unicorn.