Italian oil and gas company Eni has announced a significant gas discovery at its Geng North-1 exploration well in Indonesia. The well sits approximately 85km off the coast of Indonesia’s East Kalimantan province. Preliminary estimates suggest a total discovered volume of five trillion cubic feet (tcf) of gas. Analysis of the gathered data will allow the […]

MANILA, Philippines — A mixed movement in pump prices is expected next week, with gasoline poised for a hefty rollback while diesel could see a slight increase.

TEMPO.CO, Jakarta – PT Pertamina inked an agreement with Guma Africa Group Limited on Thursday, September 28, 2023, for a strategic alliance on the business potential of the upstream-to-downstream oil and gas industry in Africa.

The Philippines is open to having talks with other countries regarding joint oil and gas exploration, Foreign Affairs Secretary Enrique Manalo said on Friday.

Italy’s Eni (ENI.MI) will sign a deal with Chevron Corp (CVX.N) later on Tuesday to take over the U.S. firm’s stake in the Indonesia Deepwater Development project, the head of Indonesia’s upstream oil and gas regulator said.

Indonesia’s Pertamina and Malaysia’s Petronas signed an agreement with Shell on Tuesday to buy its 35% stake in the Masela natural gas fields for up to $650 million, moving the project forward after years of delay.

There is renewed confidence and strong interest in the Philippines’ oil and gas sector following the government’s efforts in the past year to boost the investment climate, according to the Department of Energy.

MIDF Research anticipates that the government will cut retail fuel prices, particularly the RON95 and diesel, to ensure price stability and ease living cost pressure in Malaysia.

Shell (SHEL.L) and Chevron’s (CVX.N) agreements to sell stakes in major Indonesian gas projects to Pertamina, Petronas and Eni (ENI.MI) will unleash development at the fields, enabling the country to boost its flagging output, the buyers said.

Indonesian Coordinating Minister for Maritime Affairs and Investment Luhut Binsar Pandjaitan urged the acceleration of the construction of the Liquified Natural Gas (LNG) terminal in Bali in a bid to prioritize domestic energy needs and no longer export the commodity.