Singapore firm drops LNGL takeover bid
A Singapore-based private investment company has dropped its proposed takeover of an Australian liquefied natural gas company with a planned LNG project in Louisiana, Kallanish Energy reports.
Singapore company’s bid for LNG Limited fails to get financing
A $75 million bid to buy Australia and Houston-based LNG Limited has been put on hold because the Singapore LNG company behind the deal failed to get financing.
DOE lauds downstream oil industry for its COVID-19 efforts
The Department of Energy (DOE) praised the downstream oil industry for its timely and continued support to the response efforts of the national government against the coronavirus disease 2019 (COVID-19).
Vietnam warns of refinery closures amid demand slump
State-owned PetroVietnam warned domestic refineries are at risk of shutting down amid swelling inventories, the collapse in oil prices and an unprecedented drop in transportation fuel demand amid measures to curb the Covid-19 outbreak.
Vietnam has high petroleum stockpile
Vietnam’s oil and gas inventories are over 90 percent higher than the required level, meeting the domestic petroleum consumption demand in the next few months, according to the Vietnam Energy Association (VEA).
Indonesia caps gas prices at $6/mmBtu for key industries
Indonesia has capped gas prices for seven industries in a bid to boost economic growth, the country’s Energy and Mineral Resources Ministry said in a statement on Tuesday.
Test runs for Chinese gas plant to take place this month
One of Myanmar’s five emergency power plants will carry out test runs this month after missing an initial deadline to go live on March 31.
Oil reserves reduction readied
The Department of Energy Business (DOEB) is expected to reduce oil reserves this week to 4% (15 days of average daily consumption) from 6% (21.5 days) in response to low demand due to the pandemic.
