The Asian Development Bank (ADB) has signed a $227.7m loan deal with Gulf SRC Company to build a 2,500MW combined cycle power plant (CCPP) in Thailand’s Chonburi Province. Established in 2012, Gulf SRC builds and operates power plants and is completely owned by Independent Power Development, a joint venture (JV) between Thailand-based power generation company […]

Medan, N. Sumatra (ANTARA News) – The government will continue to increase utilization of natural gas for fuel from 19 percent of the national energy consumption at present to 24 percent in 2050. The increase in the utilization of natural gas is in line with the Regulation of the Government No 79 of 2014 on […]

Energy Capital Vietnam (ECV) has announced that it has moved its initial project location from Bac Lieu to Quang Nam, which is located along the central coast of the country approximately one hour south of Da Nang. According to the statement, the decision was made in cooperation and consultation with the office of the Prime […]

This year is MATRADE’s fifth participation in the annual oil and gas exhibition. MATRADE has continued to create greater awareness and visibility on Malaysia’s capabilities and expertise in providing world class oil and gas products and services through participation in Adipec 2018. This year is MATRADE’s fifth participation in the annual oil and gas exhibition […]

Under the 7-year contract, MVOT, a joint venture between PetroVietnam Technical Services and Malaysia’s MISC Berhad, will provide a FSO to the Japanese firm for the development of the Sao Vang-Dai Nguyet gas field, PetroVietnam said. HANOI: Malaysia Vietnam Offshore Terminal (MVOT) has been awarded a $176 million contract to provide equipment for Idemitsu Kosan […]

Arkansas-based Murphy Oil is reportedly in talks to sell oil and natural gas assets in Malaysia, including its majority interests in eight separate offshore production-sharing contracts. The move comes after a compelling, but unsolicited bid that could fetch between $2 billion and $3 billion for Murphy Oil, Reuters reported last week. The proposed deal could […]

KUALA LUMPUR: Sapura Energy Bhd is upbeat about returning to the black in the financial year ending January 31, 2020 fuelled by increasing orderbook, reduction in annual interest debt and higher oil and gas (O&G) production. Its president and group chief executive officer Tan Sri Shahril Shamsuddin said the company could secure more contracts in […]

KUALA LUMPUR: There may be no chance for Malaysian oil & gas (O&G) firms to rest on their laurels given the anticipated demand preference policy activism towards green energy and renewables, which will eventually result in lower fossil fuel consumption. “There is a lot of debate about how to fuel the future moving forward,” said […]

MANILA (Reuters) – Philippine opposition senators have demanded President Rodrigo Duterte reveal details of joint energy exploration plans with China, warning such a deal risked affirming Chinese territorial claims that are not recognized under international law. Early this year, the two countries set up a joint panel to work out how to explore offshore oil […]

Singapore — Singapore’s Pavilion Energy and Russia’s Novatek have agreed to strengthen their LNG partnership in the areas of supply, trading, logistics and optimization, Pavilion Energy said Tuesday. The agreement, signed November 13, provides for Pavilion Energy to evaluate a potential participation in and offtake from the Novatek-led Arctic LNG 2 project, and it allows […]