‘Pertamina hit by triple shock’
LOW energy demand and prices saw state owned Pertamina, the biggest oil and gas company in Indonesia, record a USD767.92 million net loss in the first half this year. Comparatively in the same period last year, the company recorded a profit of USD659.96, according to The Jakarta Post. Pertamina spokeswoman Fajriyah Usman said low global crude oil […]
Shell begins divestment of Masela block
Shell has received government permission to open geological data on the gas-rich Masela block in Maluku to potential buyers, marking its first step in divesting the asset. The company will divest the block over an estimated 18 months time while the block’s lead operator, Japan’s Inpex Corp, and the Upstream Oil and Gas Special Regulatory Taskforce […]
Explainer: Delay, exiting operator, what is happening to Indonesia’s strategic gas projects?
Four Indonesian strategic upstream gas projects are facing headwinds from pandemic-related restrictions and exiting operators, presenting challenges to the country’s ambition to become a major Asia Pacific gas exporter by 2030. The four national strategic projects are expected to produce 65,000 barrels of oil per day (bopd) and 3,484 million standard cubic feet per day […]
Malampaya project extension crucial to ensure future of PH energy
MANILA – Members of the House of Representatives’ “power bloc” on Tuesday said the continuation of the Malampaya Gas-to-Power Project is critical in ensuring the country’s energy security and the viability of the health care system, especially amid the coronavirus disease 2019 (Covid-19) pandemic.
Oilman calls in Myanmar govt to be more transparent, flexible
With 45 years of experience in oil and gas, Smart Group Chairperson U Kyaw Kyaw Hlaing knows a lot about industry in Myanmar. ‘Now that gas prices have dropped, our LNG projects will be more viable, but prices may rise again, so we need to sell the gas as soon as possible to maximise profits. […]
Malaysian Oil Major May Buy Permian Driller
Malaysia’s Petronas, the national state oil and gas company, is in talks to take over Permian driller DoublePoint Energy, Bloomberg reported, citing sources in the know who declined to be named because the talks are private. Still at an early stage, if these talks end in a deal, it could fetch several billion dollars, the sources […]
Magwe Region to build five small-scale refineries
Magwe Region is developing five Octane 92 mini refineries which will be able to refine up to 30,000 gallons of oil per day once they came into operation, said Magwe Region Natural Environment, Resources and Energy Minister U Myint Zaw.
Ampelmann and Brunei Shell Petroleum extend collaboration in Asia Pacific
Ampelmann, the Dutch offshore access provider, has signed a new, three-year contract with Brunei Shell Petroleum (BSP) for work in Asia Pacific. The company will provide two of its latest version L-type systems to enable daily crew change operations in the region. “We are excited to continue our collaboration with BSP and are thankful for […]
