Phnom Penh: The demand for petroleum products in Cambodia is projected to rise to 4.8 million ton in 2030, up from 2.8 million ton in 2020, the country’s Mines and Energy Minister, Suy Sem said.  

SINGAPORE: The number of tankers used for storing fuel oil along the Singapore Strait has risen since the Ukraine war broke out and could rise further as more of Russia’s supplies hit by sanctions head to Asia, industry sources and analyst.

HOUSTON–(BUSINESS WIRE)– Cheniere Energy, Inc. (“Cheniere” or the “Company”) (NYSE American: LNG) announced today that its wholly-owned subsidiary, Corpus Christi Liquefaction, LLC (“CCL”) has entered into a long-term liquefied natural gas (“LNG”) sale and purchase agreement (“SPA”) with PTT Global LNG Company Limited (“PTTGL”), a wholly-owned subsidiary of PTT Public Company Limited (“PTT”), Thailand’s largest […]

PETALING JAYA: The government’s proposal to shift from a blanket fuel subsidy mechanism to a targeted one will lead to higher inflation, claims former prime minister Najib Razak. In a Facebook post, he said that the government should not introduce major economic policy changes at a time when inflation forecasts are still high, stating that […]

Filipino consumers will have another streak of luck next week on their fuel budgets as prices will be on another round of rollback, albeit modest, with diesel products anticipated to have heftier cost reduction of P1.80 to P2.10 per liter.

French energy major TotalEnergies has ‘definitively’ withdrawn from Myanmar, citing the deteriorating human rights situation in the country caused by last year’s military coup. In January this year, the French firm announced its decision to exit from the Yadana field and from the associated pipeline firm Moattama Gas Transportation Company (MGTC) in Myanmar, without seeking any financial […]

JAKARTA: Indonesia is offering five exploration oil and gas working areas and on ..  

Consumers are up for another week of relief on their fuel budgets, as oil firms will reduce prices of gasoline products by P5.00 per liter, and diesel by P2.00 per liter effective Tuesday, July 19. The oil companies similarly advised on a price reduction of P0.70 per liter for kerosene products, which will take financial […]

Indonesia may miss this year’s oil-output target due to project delays, an official at the Upstream Oil and Gas Special Regulatory Taskforce (SKK Migas) said. SKK Migas head Dwi Soetjipto projected that Indonesia would produce 640,000 barrels of oil per day (bopd) this year, which is 9 percent below the target of 703,000 bopd, as […]

UK oil and gas company Harbour Energy has completed the drilling of the Timpan-1 exploration well, located 150 kilometres offshore Indonesia, after finding a material gas accumulation. The work is now being done to establish the full potential of this play.