Chinese investors plan to develop a multibillion-dollar oil refinery in Batam, Riau Islands province, an official with the Office of the Coordinating Maritime Affairs and Investment Minister has said. Maritime and energy sovereignty deputy Purbaya Yudhi Sadhewa told an online press conference on Tuesday that the investors had sent a letter addressed to the Coordinating Minister’s Office, “asking for our agreement […]
LOW energy demand and prices saw state owned Pertamina, the biggest oil and gas company in Indonesia, record a USD767.92 million net loss in the first half this year. Comparatively in the same period last year, the company recorded a profit of USD659.96, according to The Jakarta Post. Pertamina spokeswoman Fajriyah Usman said low global crude oil […]
The divestment of Shell Philippines Exploration B.V.(SPEX) in the Malampaya deep water gas-to-power project will not affect the country’s gas and power supply, Energy Secretary Alfonso Cusi said.
The Philippine National Oil Company-Exploration Corp. (PNOC-EC) stressed the importance of a well-crafted study of the country’s 16 sedimentary basins to make these marketable for prospective investors.
MANILA, Philippines — The country’s last remaining oil refinery is also in danger of closing down, burdened by the heavy cost of operations due to what it describes as the uneven playing field between importers and refiners.
A U.S.-Vietnamese joint venture wants to build a $6 billion liquefied natural gas-fired power plant in the central province of Thua Thien Hue.
Eleven companies have signed agreements with gas producers to buy cheap natural gas as part of the government’s incentive to boost Indonesia’s economic growth. Four manufacturers and seven gas distributors will, respectively, purchase gas at US$6 per million British thermal unit (mmbtu) and $4 per mmbtu directly from oil and gas fields. The distributors will […]
The Department of Energy (DOE) has received a total of 14 applications for exploration activities for oil and gas throughout the country.
MANILA, Philippines — Over 400 gas stations have already imposed additional excise tax on fuel products as the Department of Energy (DOE) continues to monitor the industry for the Tax Reform for Acceleration and Inclusion (TRAIN) law’s proper implementation. The DOE-Oil Industry Management Bureau (OIMB) said yesterday it has received 444 reports on the retail […]
MANILA — The Department of Energy (DOE) said 444 retail stations or around 5 percent of all gas stations in the country have prematurely implemented the second tranche of excise tax under the Tax Reform for Acceleration and Inclusion (TRAIN) law. In a press briefing Thursday, DOE Undersecretary Felix William Fuentebella said the department will […]