Oil market reels from virus
As the coronavirus pandemic spreads across the world, oil prices face another week of decline, hitting a new low of US$20 per barrel.
ExxonMobil investment builds on presence in S’pore
ExxonMobil held a virtual foundation-laying ceremony yesterday for its multibillion-dollar expansion of its Jurong Island integrated refining and petrochemical complex to increase its production capacity for higher-value products and cleaner fuels.
PTT to maintain gas output
Energy policymakers have ordered national oil and gas conglomerate PTT Plc to continue gas production in Myanmar during the Songkran holiday to avoid an electricity interruption from surging demand from home workers. Imported gas from Myanmar’s Yadana, Yetagun and Zawtika blocks account for 25% of the total gas volume in PTT’s gas pipeline.
SE Asia Rig Market Set for Decline. Deepwater Projects at Risk
Norwegian energy intelligence company Rystad Energy has painted a bleak picture for the drilling rig market outlook in South East Asia but has also said that Malaysia’s Petronas will have a large role in where the market goes. Further, the intelligence firm has pointed to a unique SE Asia NOCs relationships with local drilling firms.
City Gas to lower gas tariffs by 0.7% from April to June 2020
SINGAPORE: Gas tariffs for households will decrease by 0.7 per cent or 0.12 cents per kilowatt hour (kWh) from Apr 1 to Jun 30 this year, City Gas said on Tuesday (Mar 31). With the revision, households will need to pay 17.11 cents per kWh, excluding Goods and Services Tax. Households are currently paying 17.23 cents […]
Discovery of Unusual Natural Gas Sharpens China’s Maritime Sovereignty Claims
TAIPEI, TAIWAN — Repeated discoveries of an obscure, offshore natural gas known as flammable ice will bolster Chinese claims to a sea that’s contested by five other Asian governments. China extracted 861,400 cubic meters of flammable ice, a natural gas hydrate, for a daily average of 28,700 cubic meters during a mission that started in February, […]
Thai oil refiners cut output as fuel demand falls: sources
SINGAPORE/BANGKOK: Oil refineries in Thailand are reducing their run rates by 10 per cent to 20 per cent after measures taken by the government to curb the spread of the coronavirus caused domestic fuel demand to fall sharply, two sources familiar with the matter said on Tuesday.
Singapore: Seven Yield delivers first deep sea LNG-fuelled car carrier “Siem Confucius”
Singapore-based maritime leasing company Seven Yield Holding Pte. Ltd. on 12 March said it has delivered Siem Confucius, the first deep sea liquid natural gas (LNG) powered car carrier to its Norwegian parent company, Siem Car Carriers. Siem Confucius is the first of two vessels measuring 200m long by 38m wide; its 13 decks have a capacity of […]
