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Another oil price hike set this week

Oil companies on Monday announced they will implement another hike in pump prices this week. In separate advisories, Clean Fuel and Seaoil said per-liter prices for gasoline will go up by ₱1.35, while ₱0.45 for diesel.

Indonesia’s Upstream Oil and Gas Investment Soars 21%in First Half

The Energy and Mineral Resources Ministry recorded an upstream oil and gas investment of US$5.7 billion in the first semester of 2023. This is a 21 percent increase from the investment realization in the first semester of 2022, which stood at US$4.7 billion.

Vietnam’s big bet on LNG may not ease its power crisis

HANOI, July 17 (Reuters) – Vietnam received its first shipment of liquefied natural gas this month, a milestone for the energy-hungry country, but various hurdles mean it could take years for imported gas to ease the country’s long-running power shortages.

Fuel prices up by P1.80 to P2.10 per liter starting July 18

A big price hike awaits motorists as oil companies announced they are increasing their pump prices by up to P2.10 per liter effective Tuesday, July 18.

Reservoir Link secures contract from Hibiscus Oil & Gas Malaysia

Reservoir Link Energy Bhd has secured a three-year contract from Hibiscus Oil & Gas Malaysia Ltd for the provision of slickline perforation and specialised services.

Thailand’s LNG imports surge as economy bounces back

Noppadol Pinsupa, PTT’s director for corporate governance and sustainability, said on Saturday that PTT’s LNG imports will be 2 million tonnes higher than the amount imported last year. He reckons it will take at least 100 ships to deliver the 6 million tonnes. PTT has already ordered 4 million tonnes of LNG at less than US$20 per million […]

Oil and gas remain important in ASEAN

Southeast Asia is among the fastest growing regions today, with economic development and energy security, including access to basic energy needs, remaining the region’s priority, said Acting Permanent Secretary of the Department of Energy at the Prime Minister’s Office Pengiran Haji Jamra Weira bin Pengiran Haji Petra.

Shell, PTTEP dial up Sarawak drilling with Noble rig

Noble Corp. said today that Sarawak Shell Berhad and Sabah Shell Petroleum Co Ltd (SSB/SSPC) had exercised three one-well options for the Noble Viking drillship. One of those wells has been transferred to PTTEP for the Rotan NFE appraisal well, offshore Sabah. The drillship should begin this well in December 2023, with work taking 21 […]

Petronas expects domestic oil, gas output to cross 1.8 mil boe/d this year, says MPM

Petronas’ upstream business Malaysia Petroleum Management expects the company’s domestic oil and gas production to cross 1.8 million b/d of oil equivalent in 2023 and raise its overseas portfolio to 700,000 boe/d by 2030, its senior vice president Mohamed Firouz Asnan told S&P Global Commodity Insights in an interview at the Energy Asia 2023 conference […]

Coal supply for thermal power plants to increase by 10-15%

Hanoi (VNS/VNA) – The Vietnam Coal and Mineral Industries Group (Vinacomin) and Dong Bac Corporation strive to supply about 48.35 million tonnes of coal for thermal power plants, an increase of about 10-15% compared to 2022.