DOE clears bidders for oil exploration in WPS
The Department of Energy (DOE) has opened the bids submitted by parties interested to explore untapped energy resources in the West Philippine Sea under the Philippine Conventional Energy Contracting Program (PCECP).
Philippines gets energy exploration offers for 3 sites in disputed waters
Local firm Troika Giant Power Corp has applied for a block in Mindoro basin, while PXP Energy Corp offered to explore one of the three blocks in Recto Bank, also known as Reed Bank, in the South China Sea.
Oil demand set for slow recovery from virus, says energy agency
With novel coronavirus cases surging in many parts of the world and more people working from home, the recovery in global oil demand is likely to be slow in the coming months.
Vietnam Approves Pharos Energy’s Offshore Oil Project
Pharos Energy said Friday it had received approval from the Prime Minister of Vietnam for the development plan of an offshore oil field in Vietnam.
PTT reveals ambitious plan to make Thailand an LNG hub
Thailand’s state oil and gas company PTT revealed on Wednesday ambitious plans to become a regional liquefied natural gas (LNG) hub in Asia.
High profile gas plays in Southeast Asia face uncertain future
Three high-profile deepwater stranded gas plays in Southeast Asia are facing an increasingly uncertain future after being shelved due to Covid-19 demand destruction and low oil prices.
Kandal power plant ‘set for November’
A 400MW heavy fuel oil power facility in Kandal province’s eastern Lvea Em district will be fully operational in November, Ministry of Mines and Energy senior official Victor Jona said on Wednesday.
Crude oil price remains volatile on demand worries, growing supply
CRUDE oil price would remain under pressure on concerns that demand would recover slower than expected as an increase in supply fades optimism of falling crude and fuel inventories. The Brent crude contract for November delivery was trading at US$42 (RM174.72) a barrel, down 66 cents or 1.62% (at the time of writing) as Saudi Arabia […]
