Harbour Energy working to establish full potential of ‘play-opening well’ in Indonesia
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.
Indonesia may miss oil-lifting target in 2022: SKK Migas
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 […]
Indonesia Energy Commences Drilling of Second of Two Back-to-Back Production Wells at Kruh Block
Indonesia Energy Corporation Limited (NYSE American: INDO) (IEC), an oil and gas exploration and production company focused on Indonesia, today announced that the company commenced drilling operations at the second of its two back-to-back producing wells. This well is named the K-28 well. The first of these two back-to-back wells, the K-27 well was completed […]
DOE expects fuel rollbacks as high as P3 per liter next week
Consumers can expect to see rollbacks in gas, diesel and kerosene from July 5 to 11, according to estimates from the Department of Energy (DOE).
Vietnam plans to cut MFN tariff on gasoline to fight inflation
Vietnam plans to cut its Most Favoured Nation (MFN) tariff on gasoline to 12% from 20% to help ease inflationary pressure, the government said on Thursday.
Petronas’ Yetagun gas project exit will benefit junta
Petronas, the existing operator of the Yetagun gas project has handed the project over to Gulf Petroleum Myanmar (GPM), according to campaign group Justice for Myanmar.
Thailand needs ‘shale’ gas moment as energy crisis deepens on PTTEP’s watch
Thailand’s upstream natural gas sector is struggling to reverse falling output due to bad planning and policy from the government, coupled with a seeming lack of innovation at PTT Exploration & Production (BKK:PTTEP), a state-backed company, that is taking increasing control of the country’s gas resources.
Offloading of first LNG starts at PTT-led Nong Fab terminal in Thailand
The PTT-operated Nong Fab liquefied natural gas (LNG) regasification terminal in Thailand has started offloading its first LNG from a carrier, contractor Saipem reported on June 24.
Malaysia urges palm oil mills to resume production despite price drop
MALAYSIAN authorities on Tuesday called on palm oil millers to resume production and buy oil palm fruits from farmers, after a recent plunge in prices of the edible oil prompted some companies to halt processing.
Petronas subsidiary signs PSC for Indonesian offshore and onshore block
Malaysian oil and gas company Petronas’ subsidiary Petronas North Ketapang has signed a production sharing contract (PSC) for the North Ketapang Block in Indonesia.