Big-time fuel price hike seen next week -oil firm
Motorists should brace for another round of increase in the pump prices of petroleum products in the coming week, Unioil Petroleum Philippines said Saturday.
Big-time oil price hike on April 16
MANILA, Philippines – Prices of petroleum products will rise for the second consecutive week on Tuesday, April 16, as global developments put upward pressures on oil. Shell and Petro Gazz will increase prices of gasoline by P1.05 per liter, while diesel will be hiked by P0.75 per liter. Shell will also increase prices of kerosene […]
Big-time oil price hike set for March 19
MANILA, Philippines – Amid the water crisis in Metro Manila, consumers are in for another burden as fuel prices are set to rise on Tuesday, March 19. Petro Gazz, Seaoil, Caltex, and Shell announced on Monday, March 18, that gasoline prices will increase for the 6th straight week, by P1.45 per liter. Diesel will be […]
Bill seeks to refocus PNOC investments to exploration
A pending legislative measure is seeking to refocus the investment mandate of state-run Philippine National Oil Company (PNOC) into exploration and production (E&P) ventures in the oil and gas sector, and for it to transform itself as a global champion in that industry similar to the achievements of many of its peers all over the […]
Bleak outlook for Philippines upstream as Malampaya disappoints
Natural declines and underinvestment in new exploration has left Philippine oil and gas production in freefall posing significant risks to future energy security. The risk is particularly acute given how reliant the Southeast Asian nation is on oil and gas for power generation, industrial processes and transportation, warn analysts at Fitch Solutions. But interest from […]
Block A-6: Getting the deal done
The government’s need to secure new supplies of natural gas and a desire to send a positive signal to investors has likely helped a consortium including Total, Woodside and MPRL negotiate favourable fiscal terms to develop the A-6 block. By THOMAS KEAN | FRONTIER A RECENT deal between the government and a private consortium to develop […]
Boost for Indonesia as BP signs deep-water PSCs
In a boost for Indonesia, BP (LON:BP) has today signed the 30-year production sharing contracts (PSC) for Agung l and Agung ll deep-water oil and gas exploration blocks with the government of Indonesia. The areas are underexplored with significant potential for natural gas resources, close to expanding gas demand markets.
Bosch completes one of Malaysia’s largest rooftop PV installations
KUALA LUMPUR: Bosch, a German technology company, recently completed one of the largest rooftop photovoltaic system installation in Malaysia on its automotive electronics plant in Penang.
BP cheers Indonesia first at Tangguh LNG
BP (LON: BP) today signed a memorandum of understanding (MoU) with upstream regulator SKK Migas for Indonesia’s first enhanced gas recovery (EGR) and carbon capture utilisation and storage (CCUS) development. The EGR and CCUS scheme will be implemented at BP’s Tangguh liquefied natural gas (LNG) project.
BP restarts Tangguh LNG Train 2 in Indonesia
BP has restarted operations at its second liquefied natural gas (LNG) export train at the Tangguh complex in Indonesia following mechanical irregularities. “We are pleased to announce that following the enforced shutdown on 10 May, we have successfully restarted production on liquefaction train 2 from Tangguh LNG on Saturday, 22 May 2021. Both trains 1 […]