P2.30 price hike for diesel
MANILA, Philippines — Another major fuel price hike takes effect today – the second in two weeks this month – in step with rising crude costs in the world market. The second tranche of the fuel excise tax under the Tax Reform for Acceleration and Inclusion (TRAIN) law has nothing to do yet with the […]
Indonesia to offer 10 oil, gas blocks this year
Speaking at the weekend Djoko said that first auction phase will involve the Anambas, West Ganal and West Kaimana blocks as well as two exploitation blocks — West Kampar and Selat Panjang and the auction process would be opened before the end of this month. “It [the first auction] will kick off this month. We […]
Phoenix-CNOOC JV to build Philippines’ first LNG terminal
The Philippines’ energy ministry has approved the bid from local fuel retailer Phoenix Petroleum and China’s CNOOC to build the country’s first liquefied natural gas (LNG) import terminal. The $2 billion regasification and imports terminal will be built south of the capital of Manila, featuring a capacity to handle 2.2 million tonnes per annum (Mtpa) of […]
Global Vanadium hints at two new vanadium investments as it shifts from oil and gas focus
Global Vanadium is in active negotiations for two new projects as part of its continued vanadium focus. Newly renamed and refocused Global Vanadium (ASX: GLV) has announced two potential project opportunities and provided an update on its investment in the Philippines iron sands vanadium-magnetite project. The Western Australia-based company officially changed its name and ASX […]
PTTEP wins Abu Dhabi deal
DUBAI: PTT Exploration and Production (PTTEP) of Thailand and Eni of Italy have secured rights to explore for oil and natural gas in Abu Dhabi, committing to invest at least US$230 million to assess the offshore fields. The concession will be operated by Eni and fully owned by the Italian and Thai companies. Abu Dhabi […]
Can Yankee Ingenuity Jump Start The Philippine LNG sector?
A U.S.-based company, Excelerate Energy, is throwing its hat in the fledgling Philippine liquefied natural gas (LNG) sector. Excelerate, based in Woodlands, Texas, and Manila-based First Gen Corp., have filed a joint bid for an LNG import project, Philippines DOE Undersecretary Felix William Fuentebella said during a news conference in Manila on Monday. Excelerate filed its […]
Petrolimex urged to enhance petrol quality and competitiveness
NDO – The Vietnam National Petroleum Group (Petrolimex) must play a key role in supplying petroleum for socio-economic development, while enhancing the petrol quality and improving its competitiveness, said Deputy Prime Minister Trinh Dinh Dung. The Government official made the request at the Petrolimex conference held in Hanoi on January 12 to review its operations […]
Jadestone Energy Inc. Announces Montara Production Restart
SINGAPORE / ACCESSWIRE / January 11, 2019 / Jadestone Energy Inc. (AIM:JSE, TSXV:JSE) (“Jadestone” or the “Company”), an independent oil and gas production company focused on the Asia Pacific region, announces the restart of production from the Montara oil field, following its maintenance and inspection shutdown. Production operations restarted at the Montara facilities on January […]
Local fuel prices likely to rise again
After a drop in prices of K150 a litre, fuel prices are likely to rise again within a few days according to retailers. Since December 20, local prices for fuel have been falling in line with a drop in the prices of crude oil on the international market. “But the oil prices started rising again […]
Tropical storm Pabuk hits energy production in Thailand
The economic loss from tropical storm Pabuk on January 4 in southern Thailand may reach Bt5 billion (US$156 million) according to local authorities. The country’s most powerful storm in three decades disrupted flights and businesses while damaging more than 1,400 homes. The storm claimed three lives and forced over 34,000 people to evacuate as strong […]