Malaysia’s Sarawak seeks investors to find new onshore plays
The eastern Malaysian state of Sarawak, home to the country’s LNG export complex, will soon open onshore acreage for bidding, as it hopes to revitalise its onshore oil and gas industry after taking regulatory control from the federal government.
Vietnam starts pumping gas from offshore Sao Vang-Dai Nguyet field
HANOI, Nov 17 (Reuters) – Vietnam has started pumping the first gas from the Sao Vang-Dai Nguyet field off the country’s southern coast, PetroVietnam Gas Corp said on Tuesday.
Big time price hikes implemented by oil firms
Consumers’ pockets will be ripped off this week with the massive increases in pump prices at the scale of P1.50 to P1.55 per liter for diesel products; and P1.05 to P1.10 per liter for gasoline products.
Marcos wants DOE to suspend oil price hikes due to pandemic, calamities
MANILA, Philippines — Senator Imee Marcos on Monday called on the Department of Energy (DOE) and the country’s three largest oil companies to suspend oil price hikes set for Tuesday.
Indonesia’s exploration costs stayed low in past two decades: minister
Jakarta (ANTARA) – Indonesia’s exploration costs over the past two decades remained low, constituting one percent of the world-class mining companies’ exploration costs, Energy and Mineral Resources Minister Arifin Tasrif stated while quoting S&P Global Market Intelligence data.
Towards achieving 1 million BOPD, 12 BSCFD production targets
Indonesia is one of the fastest growing economies in the world, which also drives up the demand for energy. The country has been a net oil importer since 2003, owing to the high domestic demand for energy and declining national oil production.
Exxon says it remains committed to Singapore refinery expansion
[SINGAPORE] Exxon Mobil said on Thursday it remains committed to expanding its refining-petrochemical complex in Singapore amid an ongoing review of its projects globally.
Maersk Drilling wins £6.7million contract with Brunei Shell Petroleum
Maersk Drilling has been awarded a $9million (£6.7m) exploration contract with Brunei Shell Petroleum Company.
