Indonesia Hikes Fuel Prices by 30%, Cuts Energy Subsidies
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.
DFA: PH open to new West Philippine Sea exploration talks with China
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.
PNOC eyes targeted fuel relief program amid high fuel costs
The Philippine National Oil Company (PNOC) is eyeing a targeted fuel relief program because of skyrocketing costs of fuel.
Lotilla: PNOC-EC’s review of Razon’s Malampaya purchase ‘on track’
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 Petronas reports higher profit; doubles payout to government
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.
Oil exploration in WPS to be guided by Constitution: DFA
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.
Petronas secures approval to realign Malaysian-Thai offshore licences
Malaysian upstream company Petronas Carigali has received approval to annex offshore acreages in Malaysia and Thailand, to deliver increased gas volumes in both countries.
Myanmar Junta Trumpets Continuing Flow of Natural Gas Revenues
Myanmar’s military junta earned more than $800 million from natural gas exports in the four months from April to July, the state-run Global New Light of Myanmar reported yesterday. The newspaper cited figures from the junta’s Ministry of Commerce claiming that the country exported 77.89 million kiloliters of natural gas during the above period, mostly […]
Sabah set to regulate own electricity, gas supply
Sabah chief minister Hajiji Noor has set in motion plans for the state to regulate its own electricity and gas supply by setting up the Sabah Energy Commission (SEC) and take over Sabah Electricity Sdn Bhd (SESB).
Myanmar makes $800m from April-July gas exports
Military-ruled Myanmar earned US$800 million from natural gas exports mainly to China and Thailand between April and July, the junta said in the state newspaper on Thursday.