PH sets petroleum perks benchmarking with Indonesia
The Philippines has set into motion collaborative talks with Indonesia on prospective benchmarking of incentives for investments in the upstream petroleum sector. Energy Secretary Alfonso Cusi This was a matter that Philippine Energy Secretary Alfonso G. Cusi had raised with Indonesian Deputy Minister of Energy and Resources Arcandra Tahar in their bilateral meeting in Singapore […]
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 […]
Oil price rollback: P1.10/liter
Phoenix Petroleum Philippines led the latest price rollback of as much as P1.10 per liter effective 6 am Sunday. “For the 4th straight week and for motorists to enjoy lower pump prices for the long weekend, Phoenix Petroleum Philippines will decrease the prices of gasoline by P1.10 per liter and diesel by P1 per liter […]
Singapore’s fuel oil imports from Mexico drop 45% year on year over Jan-Oct
Singapore — Singapore imported 636,206 mt of fuel oil from Mexico over January-October this year, down 44.7% a year ago, the latest data from Enterprise Singapore showed this week. Industry sources attributed the drop to lower running rates of refineries in the country. Mexico’s largest refinery, the 330,000 b/d Salina Cruz facility, was shut twice […]
Philippines mulls lifting West Philippine Sea oil exploration ban
MANILA, Philippines — The Philippine government is considering to lift the moratorium on oil and gas exploration in the West Philippine Sea to be able to move forward with an agreement with China. Manila is hoping to finalize the terms of an agreement with Beijing on the possible joint exploration in the West Philippine Sea […]
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 […]
China Ready to Produce Oil, Gas With Philippines in South China Sea – Minister
China is ready to study the possibility of joint oil and gas production with the Philippines in the South China Sea, Chinese Foreign Minister Wang Yi said. “The Chinese party is ready to continue exploring the possibility of joint development of oil and gas [fields] in the South China Sea together with the Philippines. To […]
Philippines short-lists three company groups for LNG terminal project
The Philippines has short-listed three different groups to build and operate its first liquefied natural gas (LNG) import terminal and hopes to nominate one by November, its energy minister said on Tuesday. Short-listed companies were chosen from 18 groups that submitted proposals for the project, Alfonso Cusi told Reuters on the sidelines of the Singapore […]
Interview: AIIB allots half of $6 billion loans to energy projects, says no longer China policy tool
Singapore — The Asian Infrastructure Investment Bank is no longer a policy tool tied to Beijing’s Belt & Road Initiative and has committed nearly half of its $6 billion loans to energy projects ranging from power plants to natural gas pipelines, Pang Yee Ean, Director General of Investment Operations at AIIB, said in an interview […]
China starts exporting petroleum to Laos
BOTEN, Laos, Oct. 31 (Xinhua) — With over 64 ton diesel, handed over from PetroChina to a Lao company at Laos-China border, the first export of Chinese refined oil to Lao market was made on Wednesday. PetroChina International (Yunnan) Co. Ltd, a subsidiary of PetroChina group, has been studying and preparing for two years to […]