Showing 961-970 of 1001 results

PV Power nine-month profit exceeds plan

HÀ NỘI — PetroVietnam Power Corporation (PV Power) reported revenue and pre-tax profit of VNĐ24.8 trillion (US$1.06 billion) and VNĐ1.8 trillion, respectively, in the first nine months of the year. These results are equivalent to 106 per cent and 124 per cent of the annual plan, respectively. After-tax profit was estimated at VNĐ1.4 trillion. According […]

Indonesia does not need to import gas until 2027 at current demand growth rate, says official

Indonesia’s average gas demand growth over the last five years was about 1.1 per cent, Arcandra Tahar told a panel session at the Singapore International Energy Week conference SINGAPORE: Indonesia will not need to import any gas until at least 2027 if its average gas demand growth rate is maintained at just over 1 per […]

ASEAN regasification capacity to grow 77% in next decade

ingapore — The Association of Southeast Asian Nations (ASEAN) is likely to add nearly 77% in regasification capacity over the next decade as member countries build LNG import terminals to meet growing energy demand, according to data from the ASEAN Council on Petroleum. The growth in Southeast Asia’s regasification capacity will be both in terms […]

MVOT Wins Time Charter by Idemitsu Kosan

MISC Berhad (MISC), through its 51 percent-owned joint-venture with PetroVietnam Technical Services Corporation (PTSC) i.e. Malaysia Vietnam Offshore Terminal (L) Limited (“MVOT”) has been awarded a time charter contract by Idemitsu Kosan Co., Ltd. (IKC) for the provision of a Floating, Storage and Offloading Vessel (FSO) in Vietnam. The contract represents the expansion of MISC’s […]

Coal? Think Again

IN the past few weeks, we have felt the aftershocks of catastrophic weather that struck neighbouring nations. It hit closer to home when the Malaysian Meteorological Department put Sabah on tsunami watch on Oct 13. Unstable climatic patterns, occurring at greater frequency and intensity, are reportedly the outcome of human activity. The situation may get […]

Petronas calls for collective action in gas advocacy

KUCHING: Petroliam Nasional Bhd (Petronas) has urged all stakehol Petronas calls for collective action in gas advocacyders in the liquefied natural gas (LNG) industry to take concrete actions to advocate natural gas, LNG and its role in the global energy mix, as a collective effort towards a sustainable market ecosystem. Petronas pesident and group chief […]

Thai PTTEP posts higher Q3 oil, gas sales volumes on Bongkot stake

Singapore — Thailand’s PTT Exploration and Production posted a marginal 2% increase in third quarter oil and gas sales volumes on the back of its larger ownership of the Bongkot Project, the largest natural gas field in the Gulf of Thailand, the company said late Thursday. PTTEP’s oil and gas sales for the quarter ended […]

Dennis Uy investing in PXP Energy

PXP ENERGY CORP. is raising P7.11 billion from the subscription of its shares by affiliate Philex Mining Corp., and a holding firm owned by businessman Dennis A. Uy. In a disclosure on Thursday, the crude oil and natural gas explorer said its board of directors had approved the subscription by Uy’s Dennison Holdings Corp. to […]

Indonesia’s Pertamina Looks To Buy Crude, Gasoline In Rupiah

Higher oil prices, sliding local currency, and deteriorating government finances have led to Indonesia’s state oil firm Pertamina seeking to reduce expenses in U.S. dollars, and the company has issued tenders to buy spot crude oil, gasoline, and gasoil in its domestic currency the rupiah, or currencies other than the U.S. dollar, S&P Global Platts […]

Singapore’s Pavilion Energy signs long-term LNG charter deal with BW

SINGAPORE, Oct 22 (Reuters) – Singapore’s Pavilion Energy has signed an agreement with commodities shipper BW Group for the long-term charter of two newly built liquefied natural gas (LNG) vessels, the company said on Monday. The 173,400 cubic metre vessels, expected to be delivered between 2019 and 2020, will add to Pavilion’s global portfolio and […]