KUALA LUMPUR: The Malaysia Petroleum Resources Corporation (MPRC) will introduce the national oil and gas services and equipment (OGSE) sustainability framework by the end of 2024, which will provide a detailed guide for how OGSE companies can implement and report on their sustainability practices.

The warning was issued by Wattanapong Kurovat, director-general of the Energy Policy and Planning Office. He said his office had received complaints that the marketing cost collected by fuel retailers was too high, leading to increase in gasohol prices despite the government cutting excise tax.

Japanese companies have agreed to develop a carbon capture and storage (CCS) project with Malaysian energy firm Petronas, which should start holding its first carbon dioxide (CO2) emissions from the end of 2028, Japan Petroleum Exploration Co said on Monday.

MANILA, Philippines — Pump prices could see another round of rollbacks next week, although minimal.

Sapura Energy will provide engineering services, transportation & installation, and other services for the Quiluma and Maboqueiro (Q&M) platform.

Vietnam National Oil and Gas Group (Petrovietnam) is actively pursuing strategies to ensure the continuity of oil and gas production in 2023 in the face of various challenges in its production and business operations.

Indonesia has offered its third tranche of exploration acreage this year, hoping to tempt players with three new exploration blocks — all of which are being offered via the regular tender process.

Vietnam’s upstream sector outlook is brightening as the government aims to accelerate progress on two substantial offshore projects integral to ambitions for a clean energy transition.

Energy and Mineral Resources Minister Arifin Tasrif has said that natural gas has an important role in Indonesia’s transition to new renewable energy.

Hanoi (VNA) – The Vietnam Oil and Gas Group (Petrovietnam) has maintained a high progress of production and business, with all targets overfulfilled by between 3 and 28%.