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PH urged to be wary of China’s intention on oil exploration after passage of Coast Guard law

Metro Manila (CNN Philippines, February 10)— The Philippines should be wary of China’s intention regarding the countries’ joint oil and gas exploration deal in the West Philippine Sea, a former Supreme Court justice said Wednesday amid issues surrounding Beijing’s new Coast Guard law.

Petron Bataan Refinery may get tax break from CREATE bill

Petron Corporation may be getting its desired sigh of relief for its refinery in Limay, Bataan as the Congress-approved Corporate Recovery and Tax Incentives for Enterprises (CREATE) bill would exempt petroleum refineries from taxes on crude oil imports.

Japan’s JERA signs MOU with Malaysia’s Petronas for ammonia, LNG collaboration

TOKYO, Feb 9 (Reuters) – Japan’s biggest power generator JERA has signed a memorandum of understanding (MOU) with Malaysia’s Petronas [RIC:RIC:PETR.UL] to discuss collaborations in energy areas such as ammonia, hydrogen and liquefied natural gas (LNG), the two firms said on Tuesday.

Jurong Port to take over stakes in Universal Terminal

[SINGAPORE] Singapore port operator Jurong Port is set to take over the shares in a major oil storage terminal in the city state from the Lim family behind collapsed oil trader Hin Leong, three sources with knowledge of the matter told Reuters.

Not all O&G companies will immediately benefit from higher crude oil prices, say analysts

KUALA LUMPUR (Feb 9): While higher Brent crude prices have fanned interest in oil and gas (O&G) counters listed on Bursa Malaysia, fund managers and heads of research believe not every company is set to benefit immediately from the higher prices.

Downstream oil sector seen rebounding

MANILA, Philippines — The Philippine downstream oil sector may recoup its losses this year, riding on the resurgence of demand amid the continued reopening of the economy and the rollout of vaccines.

Oil firms to raise prices anew this week

MANILA – Oil companies will increase their pump prices on Tuesday.

Thailand sells surplus LNG to Japan, emerging as re-exporter

BANGKOK — Thailand’s state-owned energy conglomerate PTT has shipped liquefied natural gas to Japan for the first time as it looks to re-export fuel for power plants to energy-hungry countries.

How The Coup In Myanmar Will Impact Energy Markets

Myanmar’s military coup has become Asia’s most significant political development in 2021 so far. In many ways, the coup brought back memories of times long gone – Aung San Suu Kyi, who has marked another landslide victory in the November 2020 general election, was swiftly detained by the military allegedly for the possession of illegally […]

Myanmar coup and impact on oil and gas industry

Following the military coup in Myanmar on Monday, February 1st, Wood Mackenzie and Verisk Maplecroft experts weigh in on what this means for the oil and gas industry.