Up to 10 wells for ultra-deepwater Myanmar gas tieback
PERTH, Australia – Total/Woodside Energy’s block A-6 project in the Rakhine basin offshore Myanmar will be the country’s first ultra-deepwater development. The block covers an area close to 10,000 sq km (3,861 sq mi) in water depths of up to 2,300 m (7,546 ft). Woodside has a 40% interest in the joint venture and is the technical joint […]
UPDATE 1-Asian gasoline refining margins crash to loss-making 7-year lows
SINGAPORE, Dec 5 (Reuters) – Singapore’s refinery margins for making gasoline have fallen to their weakest levels in seven years – so low that churning out this key motor fuel has become a loss-making business. Seen as a benchmark across Asia, Singapore margins for 92 RON gasoline against Brent crude oil GL92-SIN-CRK hit minus $1.44 […]
UPDATE 1-Petronas supplies first LNG cargo to marine-fuel vessel ahead of IMO 2020
SINGAPORE, Nov 1 (Reuters) – Malaysia’s state energy firm Petroliam Nasional Bhd on Thursday supplied its first liquefied natural gas (LNG) cargo to a newly built LNG marine fuel supply vessel ahead of a new mandate for ships to switch to cleaner fuels in 2020. Petronas LNG, loaded the cargo onto the world’s largest LNG […]
UPDATE 1-Petronas’s Kebabangan gas field to return to full capacity by August
KUALA LUMPUR, Nov 23 (Reuters) – Malaysia’s Petronas said on Friday production at the Kebabangan gas field in the eastern state of Sabah was expected to return to full capacity by August 2019 following disruption caused by a gas leak at an associated pipeline. The problem was caused by a leak from the Sabah Sarawak […]
UPDATE 2-Malaysia’s Petronas delivers Myanmar’s first LNG import cargoes
Malaysia’s Petronas has delivered the first liquefied natural gas (LNG) import cargoes to Myanmar, the company said on Thursday, signalling the emergence of a new consumer for the super-chilled fuel. The province’s current power demand is about 100 MW adding that most power supplied in the province is imported from Thailand.
Urgent energy meeting called after oil price spike
Energy Minister Sontirat Sontijirawong has called an urgent meeting of the Energy Policy Administration Committee on Tuesday to evaluate the oil situation after the global price surge. The minister said on Monday the meeting will assess the impact of the price increase on people and measures to help them to cope with it. Global oil […]
US firm to seek permit to build offshore Batangas LNG terminal ‘soon’
EXCELERATE ENERGY LP said Wednesday its preparations to build an offshore liquified natural gas (LNG) terminal project in Batangas are nearly complete and that it will seek a permit to start construction “soon” from the government.
US firms offering LNG supply to PH
Several American gas-producing companies are offering liquefied natural gas (LNG) supply to the Philippines as the country contemplates a technology reset process for its gas market. The LNG supply offer was channeled through Energy Secretary Alfonso G. Cusi during his bilateral meeting with the US Business Council on the sidelines of last week’s ASEAN Ministers […]
US oil price faces 2nd decrease below zero
The US benchmark oil price could fall below zero for a second time this year, signalling that global oil stocks are nearing full capacity, says one expert. Manoon Siriwan, an independent energy expert, said a second drop below zero for West Texas Intermediate (WTI) crude may occur soon because oil storage capacity in the US is […]
US to help Indonesia design gas infrastructure
The funding agency announced on Thursday it would provide a grant to PT Nusatama Properta Panbil to “promote continued economic growth and energy security” in Indonesia. PT Nusatama Properta Panbil. Mahdian is a regional Southeast Asian focused energy business, with hopes to expand into the global market. It has been working in Indonesia for three decades.