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Vietnam starts pumping gas from offshore Sao Vang-Dai Nguyet field

HANOI, Nov 17 (Reuters) – Vietnam has started pumping the first gas from the Sao Vang-Dai Nguyet field off the country’s southern coast, PetroVietnam Gas Corp said on Tuesday.

Marcos wants DOE to suspend oil price hikes due to pandemic, calamities

MANILA, Philippines — Senator Imee Marcos on Monday called on the Department of Energy (DOE) and the country’s three largest oil companies to suspend oil price hikes set for Tuesday.

Big time price hikes implemented by oil firms

Consumers’ pockets will be ripped off this week with the massive increases in pump prices at the scale of P1.50 to P1.55 per liter for diesel products; and P1.05 to P1.10 per liter for gasoline products.

Indonesia’s exploration costs stayed low in past two decades: minister

Jakarta (ANTARA) – Indonesia’s exploration costs over the past two decades remained low, constituting one percent of the world-class mining companies’ exploration costs, Energy and Mineral Resources Minister Arifin Tasrif stated while quoting S&P Global Market Intelligence data.

Towards achieving 1 million BOPD, 12 BSCFD production targets

Indonesia is one of the fastest growing economies in the world, which also drives up the demand for energy. The country has been a net oil importer since 2003, owing to the high domestic demand for energy and declining national oil production.

Exxon says it remains committed to Singapore refinery expansion

[SINGAPORE] Exxon Mobil said on Thursday it remains committed to expanding its refining-petrochemical complex in Singapore amid an ongoing review of its projects globally.

Malaysia to cut reliance on petroleum revenues

Malaysia is seeking to reduce its reliance on oil and gas revenues, forecasting a near 25pc fall in total petroleum revenues to 37.8bn ringgit ($9.2bn) next year as the Covid-19 pandemic continues to batter global crude prices.

Malaysia starts LNG bunkering operations; makes first delivery

MALAYSIA, through state oil firm Petronas, has ventured into the liquefied natural gas (LNG) bunkering business, and made its first delivery in the southern state of Johor this week, the country’s marine department said on Tuesday.

Maersk Drilling wins £6.7million contract with Brunei Shell Petroleum

Maersk Drilling has been awarded a $9million (£6.7m) exploration contract with Brunei Shell Petroleum Company.

Liberalising Natural Gas Market: Peninsular Malaysia’s Journey

This is the first instalment of five awareness series on Malaysia’s journey towards liberalising its natural gas market by the Energy Commission (Suruhanjaya Tenaga or ST), a regulatory body responsible of ensuring that the supply of electricity and piped gas to consumers is secure, reliable, safe, and affordable.