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Delving into natural gas’ future in energy transition program

The Indonesian government has adopted an energy transition program that aligns with the Paris Agreement’s goal to reduce domestic greenhouse gas emission by 314 million tons of carbon dioxide equivalent by 2030.

House energy panel chair Mikey Arroyo lauds BBM negotiation with OPEC

MANILA, Philippines — House energy committee chairman and Pampanga 2nd District Rep. Juan Miguel “Mikey” Arroyo has lauded the move of President-elect Ferdinand “Bongbong” Marcos to negotiate with the Organization of Petroleum Exporting Countries (OPEC) to address the alarming rise in oil prices.

Angkor Resources Undertakes Inspection and Assessment of Offshore Cambodian Oil Field

Executive VP Operations of Angkor, and President of EnerCam, Mike Weeks, at the request of government officials of Ministry of Energy in the Kingdom of Cambodia, has led a technical assessment and inspection of the offshore production facilities and drilling platform, located 160 kms from Sihanoukville at the offshore oil field in the Khmer Basin […]

Malaysia’s Fast Energy Seeks to Take Majority Stake in Bunker Trader CCK Petroleum

Malaysian marine fuels and energy firm Fast Energy is proposing to take a majority stake in bunker trading company CCK Petroleum.

Sapura Energy most active, hits five-month high amid talk of financial assistance

Shares in Sapura Energy Bhd touched a five-month high of 10 sen on Monday (May 23) and the counter emerged as the most actively traded stock in the local bourse. The stock opened two sen or 28.57% higher at nine sen and rose to a high of 10 sen.

Risks rise for Thai power sector as PTTEP struggles with gas supply challenges, warns Fitch

Thailand’s state-backed upstream player PTT Exploration & Production (PTTEP) is facing significant gas supply challenges that pose further downside risks to the Southeast Asian nation’s gas power sector, warned Fitch Solutions. Thailand’s power sector is already facing downward pressures from strained import supply from Myanmar, which is a major exporter of natural gas to Thailand. […]

Petrol prices reach new high in Singapore – above RM10 per litre, despite softer oil prices and amid record profits by energy firms

Fuel pump prices have reached another new high, with posted rates breaching previous records in early March – even though oil prices are around 15 per cent lower than in March.

Gas output falls in Thailand exacerbating need for costly LNG

Thailand’s dependence on imported liquefied natural gas (LNG) continues to expand despite soaring global prices. Significantly, the increasing demand for LNG is being exacerbated by production declines across ageing domestic fields, particularly Erawan. Data from the Energy Policy and Planning Office (EPPO) show LNG imports during the first two months of 2022 totalled 1,912 million […]

Vietnam keen to maximize upstream output, crude exports to offset fuel import bills

Vietnam exported 230,260 mt, or 56,260 b/d, of crude oil in April, an increase of 12.4% from the same month a year earlier, with the Southeast Asian producer aiming to sell as many domestic sweet crudes as possible to minimize its energy trade deficit, market and trade participants said over May 11-17.

Vietnamese, US firms get investment registration certificate for LNG terminal project

PetroVietnam Gas JSC (PV Gas) and the AES Corporation of the US have been granted an investment certificate and a business registration certificate for the Son My liquefied natural gas (LNG) terminal project.