About $1.5b will be invested in the project. Thailand’s energy producer Gulf Energy Development (Gulf) and the Public Japanese conglomerate Mitsui have agreed to start works on the 2,500MW Chonburi combined-cycle (CCGT) power plant in the Chonburi province of Thailand before the end of 2018. Approximately JPY170b ($1.5b) will be invested in the project, which […]

Net oil importer Indonesia could reactivate its OPEC membership if it can successfully raise its crude oil production and reduce consumption by boosting the amount of biofuels used in its transportation sector, an official said Monday. “If we can increase our production, we are more than happy to rejoin,” secretary general of Indonesia’s National Energy […]

Singapore — Singapore’s Pavilion Energy and Russia’s Novatek have agreed to strengthen their LNG partnership in the areas of supply, trading, logistics and optimization, Pavilion Energy said Tuesday. The agreement, signed November 13, provides for Pavilion Energy to evaluate a potential participation in and offtake from the Novatek-led Arctic LNG 2 project, and it allows […]

HANOI, Nov 13 (Reuters) – Vietsovpetro, a Vietnam-Russia oil joint venture, will start crude oil production at the Ca Tam field offshore southern Vietnam from Jan. 15, three sources with knowledge of the matter said on Tuesday. Ca Tam is the first new field to be brought into production in Vietnam in years after a […]

Singapore marine fuel sales in October climbed 3 percent on year to a five-month high of 4.125 million tonnes, according to data released by the Maritime and Port Authority of Singapore (MPA) on Tuesday. The latest sales volumes were 0.3 percent higher compared to September, it showed. The higher October sales volumes reflect a slight […]

Singapore — Singapore’s Pavilion Energy and Russia’s Novatek have agreed to strengthen their LNG partnership in the areas of supply, trading, logistics and optimization, Pavilion Energy said Tuesday. The agreement, signed November 13, provides for Pavilion Energy to evaluate a potential participation in and offtake from the Novatek-led Arctic LNG 2 project, and it allows […]

This year is MATRADE’s fifth participation in the annual oil and gas exhibition. MATRADE has continued to create greater awareness and visibility on Malaysia’s capabilities and expertise in providing world class oil and gas products and services through participation in Adipec 2018. This year is MATRADE’s fifth participation in the annual oil and gas exhibition […]

The Asian Development Bank (ADB) has signed a $227.7m loan deal with Gulf SRC Company to build a 2,500MW combined cycle power plant (CCPP) in Thailand’s Chonburi Province. Established in 2012, Gulf SRC builds and operates power plants and is completely owned by Independent Power Development, a joint venture (JV) between Thailand-based power generation company […]

New bids for oil and gas exploration and development rights on a series of blocks, along with reforms to joint-venture requirements, are expected to stoke renewed interest in Myanmar’s energy sector and boost investment inflows. On August 30 the Ministry of Electricity and Energy (MoEE) announced it would be opening fresh rounds of bidding for […]

KUALA LUMPUR: There may be no chance for Malaysian oil & gas (O&G) firms to rest on their laurels given the anticipated demand preference policy activism towards green energy and renewables, which will eventually result in lower fossil fuel consumption. “There is a lot of debate about how to fuel the future moving forward,” said […]