First Gen unit eyes to start LNG terminal construction in May
Lopez-led First Gen Corp.’s wholly-owned unit FGEN LNG Corp. aims to start the construction of a Liquefied Natural Gas terminal in its Batangas City complex in May. In a disclosure with the Philippine Stock Exchange on Thursday, First Gen said FGEN LNG has already filed its application for a Permit to Construct, Expand, Rehabilitate and Modify […]
Malaysia’s Petronas posts lower profit, warns of market volatility
KUALA LUMPUR: Malaysian state oil firm Petronas said on Wednesday its fourth-quarter profit slumped 71 per cent, hurt by impairment costs and lower prices of major products. Petronas said profit after tax for the October-December period fell to 4.1 billion ringgit ($968.12 million) from 14.3 billion ringgit in the same period a year earlier. Excluding impairment charges, profit totalled […]
Malaysia’s Petronas posts lower profit, warns of market volatility
KUALA LUMPUR: Malaysian state oil firm Petronas said on Wednesday its fourth-quarter profit slumped 71 per cent, hurt by impairment costs and lower prices of major products. Petronas said profit after tax for the October-December period fell to 4.1 billion ringgit ($968.12 million) from 14.3 billion ringgit in the same period a year earlier. Excluding impairment charges, profit totalled […]
Jadestone Energy moves closer to Vietnam offshore project approval
Jadestone Energy has announced that the field development plan (FDP) for the Nam Du and U Minh gas fields, offshore southwest Vietnam, is in the final stages of the formal Vietnamese Government approval process. Jadestone continues to anticipate final approval of the FDP, which includes approval of the gas price, shortly. FDP approval constitutes official […]
Myanmar plans to generate about 900 megawatts from LNG power plants
Myanmar produced the highest production rate of electricity of 3,797 megawatts in November 2019 and the electricity demand is expected to be reached between 4,500 and 5,000 megawatts in 2020 summer, said Khin Maung Win, Deputy Minister for electricity and Energy. It planned to generate about 900 megawatts of electricity by importing liquefied natural gas […]
Petronas’ 2nd LNG vessel sails for Malaysia from South Korea
Petroliam Nasional Bhd’s (Petronas) second floating liquefied natural gas (LNG) vessel (PFLNG Dua) has set sail to Rotan Gas Field, 140km offshore Kota Kinabalu, Sabah, from South Korea. The PFLNG Dua is expected to complete its journey, covering 1,840 nautical miles (3407.68km), in approximately two weeks. Its executive VP and CEO of gas and new […]
Brunei ships 4.7 tonnes of hydrogen to Japan
BRUNEI DARUSSALAM (Borneo Bulletin/ANN): A total of 4.7 metric tonnes of hydrogen have been shipped to Japan from Brunei Darussalam’s first pilot hydrogenation plant, which is operated by the Advanced Hydrogen Energy Chain Association for Technology Development (Ahead). The plant is part of Japan’s New Energy and Industrial Technology Development Organisation (NEDO)’s first global hydrogen […]
Ayala Group secures bigger stake in West Palawan offshore contract
MANILA, Philippines — ACE Enexor Inc. (formerly Phima Petroleum and Geothermal Inc.) has secured a bigger stake in service contract (SC) 55 offshore west Palawan after one of its partners withdrew. The Department of Energy (DOE) approved the assignment by Century Red Pte. Ltd. of its 37.5 percent interest in SC 55 to Palawan55 Exploration […]
