THAI GAS OUTPUT TO REMAIN ON A DOWNWARD TREND: FITCH SOLUTIONS
Thailand’s natural gas production is forecast to remain on a downtrend over the next decade owing to continuous output declines at the Erawan gas field, in the Gulf of Thailand, Fitch Solutions said in a report on August 8. This will leave little choice but for the country to become more dependent on costlier imports.
PetroVietnam rolls out measures to facilitate energy transition
Despite various difficulties, the Vietnam National Oil and Gas Group (PetroVietnam) has rolled out measures to keep operations buoyant in the current situation and to engage in energy transition based on the future of the industry.
Concerned Philippine citizens: No to gas-field ownership transfer
Several concerned Filipino citizens, including those living abroad, are opposed to a proposed deal that will transfer the ownership of the Malampaya gas field to a company whose owner is a known supporter of the new Philippine president, Ferdinand R. Marcos Jr.
Excelerate and Topline Energy working on Philippines’ LNG hub
U.S.-based LNG specialist Excelerate Energy and Philippines company Topline Energy are collaborating on the Luzon LNG Terminal project that will bring an LNG hub to Cebu.
Qatargas sends first LNG cargo to Thailand terminal
The LNG producing unit of QatarEnergy, Qatargas, has supplied the first LNG cargo to Thailand’s Map Ta Phut LMPT2 LNG terminal.
Myanmar Pipeline Leak Disrupts Gas Delivery to Thailand
Onshore natural gas delivery from Myanmar to Thailand has been suspended after a leak in the pipeline was discovered in Dawei on the Myanmar side on Monday. Thailand’s PTT Exploration and Production Public Company Limited (PTTEP), which jointly drills and delivers gas under the project, confirmed the leakage and temporary suspension in a statement.
Cambodia’s oil products import up 25 pct in H1
PHNOM PENH, Aug. 2 (Xinhua) — Cambodia imported oil products worth 1.91 billion U.S. dollars in the first half of 2022, up 25 percent from 1.52 billion dollars over the same period last year, according to a report from the General Department of Customs and Excise.
Thailand’s PTTEP and Italy’s Eni strike ‘significant gas discovery’ in UAE
Thailand’s PTTEP (BKK:PTTEP) has announced another “significant gas discovery” from its first exploration well in the United Arab Emirates (UAE), together with partner Eni (MIL:ENI) of Italy, that paves the way for “establishing a strong presence” in the Middle East nation.
Capstone Green Energy to Provide Low Emission Microturbine System to Major Global Oil & Gas Company in Malaysia
LOS ANGELES, Calif.–(BUSINESS WIRE)–Capstone Green Energy Corporation‘s (NASDAQ: CGRN) distributor in Malaysia and Brunei, Sekito, has secured an order for a 200 kW microturbine-based system for an oil and gas application owned by a major global oil and gas company.
PXP Energy plans to resume exploration at West Philippine Sea
PXP Energy Corporation, an upstream petroleum company chaired by business tycoon Manuel V. Pangilinan, will be renewing its coordination with the government on its plan to resume oil and gas exploration activities within offshore Palawan basin — including that of the diplomatically-saddled Recto Bank. The company said it is targeting to re-commence seismic survey as […]