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Singapore – Pavilion Energy Trading & Supply and BP Singapore have signed a long-term LNG sale and purchase agreement for the supply of approximately 0.8 million tons of LNG per year to Singapore for 10 years from 2024.

[SINGAPORE] BP Plc has placed some personnel from its Singapore-based crude oil team on leave after they were mentioned in court documents filed in disputes between banks and other trading houses, said people with knowledge of the company’s move.

BP (LON:BP) will carry out deepwater oil and gas exploration offshore Indonesia after winning the rights to the Agung I and Agung II blocks as part of the nation’s second bid round last year. The move offers a glimmer of hope for Indonesia’s struggling upstream sector that has seen big international firms, such as ConocoPhillips, […]

KUALA LUMPUR: Rubber glove manufacturers have called on Gas Malaysia Bhd and Tenaga National Bhd (TNB) to revise the natural gas tariff to be in line with the international prices of liquefied natural gas (LNG) and coal. The Malaysian Rubber Glove Manufacturers Association (Margma) said it is expecting a substantial drop in natural gas price […]

Brunei Darussalam’s renewable energy policy is as modest as its hydrocarbon strategy is ambitious. The petrostate is banking on technology to reduce its carbon footprint to preserve its ambitious expansion of oil and gas activities.

Car ownership in Brunei is saturated and the sultanate stands to benefit from fuel economy policies over time, according to a publication of the Association of Southeast Asian Nations (ASEAN). The “ASEAN Fuel Economy Roadmap for Transport Sector 2018-2025: with Focus on Light-Duty Vehicles,” released recently, shows Brunei has fully saturated its vehicle ownership, being […]

Real GDP in 2017 was stronger than expected, rebounding to 1.3 per cent supported by both the O&G and non-O&G sectors. On September 17, 2018, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation with Brunei Darussalam. Brunei Darussalam’s economy has been adjusting well to lower oil prices since 2014, […]

Brunei has earmarked 1.65 billion Brunei dollars (1.2 billion US dollars) for the development of new oil and gas fields and the acceleration of exploration activities this year as it sets its sights on increasing petroleum production by 30 percent over the next five years. Minister of Energy, Manpower and Industry Hj Mat Suny said […]

Brunei will consider cutting oil output in cooperation with OPEC, the second minister of finance and economy said Tuesday, with the coronavirus pandemic sinking demand to a 25-year low and creating a global supply glut.