KUALA LUMPUR (March 28): Malaysia is among the hotbeds for upstream mergers and acquisitions (M&A) in Southeast Asia over the next two years, according to Oslo-based Rystad Energy. In a statement on Monday (March 27), the firm said the bulk of these US$5 billion (RM22 billion) opportunities in Southeast Asia are in Indonesia, where upwards […]

Jakarta-based exploration and production company Indonesia Energy Corp. Ltd. (IEC) sees potential gas production starting next year from its Kruh-28 well on the island of Sumatra.

MANILA, Philippines — Oil companies have announced another oil price rollback effective today, March 21. In separate advisories, the different oil players announced a P1.20 per liter rollback for gasoline and a P1.85 per liter rollback for diesel.

JAKARTA, March 20 (Reuters) – Indonesia has set a tiered coal benchmark price based on calorific value and using a new formula to calculate the price starting in March, the energy ministry said on Saturday.

Malaysia’s state oil and gas firm Petroliam Nasional Berhad PETR.UL, known as Petronas, wants to extend its long-term contracts with Japanese customers to supply liquefied natural gas (LNG), a company executive said on Friday.

Philippine holding firm Prime Infrastructure Capital Inc aims to put new wells at the country’s only major natural gas project into commercial operation in 2026, and is seeking other fields to ensure long-term output, its CEO told Reuters on Wednesday.

Malaysia’s national oil company Petronas says it is interested in investing in the stalled Abadi gas project offshore Indonesia as part of its expansion plans

“As demand recovery is still fragile, based on supply challenges, this means volatility,” he said at a news conference. Petronas also said the group will continue to exercise prudent financial management and firm discipline in reinvesting.

HANOI, March 10 (Xinhua) — Vietnam will ramp up the use of coal and gas sources and mobilize renewable sources to ensure sufficient supply of electricity for the Southeast Asian country as the demand is projected to increase in 2023, local media reported on Thursday.

Local oil companies will raise their pump prices of gasoline, diesel and kerosene on Tuesday, March 7, by as much as P1.50 per liter.