Thailand will extend a tax cut on the nation’s most-used fuel and subsidize electricity bills of some users to shield consumers from higher oil prices amid a forecast that the nation’s sticky inflation may stay above the central bank forecast next year.

First Gen has reported that its delayed liquified natural gas (LNG) import project in the Philippines will finish construction by the end of Q1 2023.

Woodside Energy Trading Singapore has entered into a flexible long-term sale and purchase agreement (SPA) with Uniper Global Commodities SE (Uniper) for Woodside to supply LNG from its global portfolio into Europe.

Motorists will get a slight reprieve from the successive major pump price hikes this week, as oil firms announced a rollback. In separate advisories, Chevron Philippines Inc. (Caltex), Flying V, Petron Corp., Pilipinas Shell Petroleum Corp. and Seaoil Philippines Inc. said they will cut down prices per liter of gasoline by P2.60, diesel by P1.55, […]

Fuel prices increased by about 30% across Indonesia Saturday after the government reduced some of the costly subsidies that have kept inflation in Southeast Asia’s largest economy among the world’s lowest.

The Philippines is open to talks with China on joint oil and gas exploration in the West Philippine Sea, the Department of Foreign Affairs (DFA) said.

The Philippine National Oil Company (PNOC) is eyeing a targeted fuel relief program because of skyrocketing costs of fuel.

Energy Secretary Raphael Lotilla on Wednesday said the Philippine National Oil Company Exploration Corp.’s (PNOC-EC) review of Razon-led Prime Infrastructure’s planned purchase of an operating stake in the Malampaya natural gas-to-power project is on track.

Malaysia’s state energy company Petronas on Tuesday (Aug 30) reported a surge in second-quarter profit, boosted by higher oil and gas prices and said that it would double its dividend to the government this year.

The Department of Foreign Affairs (DFA) on Tuesday made an assurance that any move related to exploring and developing resources in the West Philippines Sea would be guided by the Constitution.