Vietnam’s Ca Tam Oil Field Starts Production
Vietsovpetro, a Vietnam-Russia oil joint venture, has started crude oil production at the Ca Tam field offshore southern Vietnam, Vietnamese state oil firm PetroVietnam said on Jan. 28. Initial production from Ca Tam, jointly developed by Vietsovpetro, PetroVietnam Exploration Production Corp. (PVEP) and Bitexco Group, is 1,630 tonnes per day, PetroVietnam said in a statement. […]
Petroleum firms set out cautious plans for 2019
HÀ NỘI — Plummeting oil prices in the fourth quarter of 2018 have negatively affected the production and business efficiency of enterprises. This has increased caution and forced them to set prudent plans for this year. PetroVietnam Oil Corporation (PV Oil), the second-largest petrol dealer in the country, plans to earn revenue of VNĐ49 trillion […]
RPT-Indonesia embarks on overhaul of oil, gas law to halt output slide
* Indonesia’s oil production has plunged in past years * Fuel imports cost Indonesia $17.6 billion in 2018 * Energy is an election campaign topic in Indonesia By Fergus Jensen and Wilda Asmarini JAKARTA, Jan 24 (Reuters) – Indonesia’s government is planning revisions of its oil and gas law with President Joko Widodo this week […]
Workshop focusses on UK oil and gas assets decommissioning
A FOUR-DAY Decommissioning and Restoration Workshop, hosted by the Ministry of Energy, Manpower and Industry (MEMI) in collaboration with the British High Commission in Brunei Darussalam for oil and gas industry assets, held at the Prime Minister’s Office (PMO) building, concluded yesterday. Permanent Secretary (Energy) at the MEMI Haji Azhar bin […]
Completion of institutions needed to develop oil and gas sector
Hanoi (VNA) – Politburo member and head of the Party Central Committee’s Economic Commission Nguyen Van Binh on January 25 stressed the need to complete institutions for the development of the oil and gas sector. During a working session with leading officials of the Vietnam National Oil and Gas Group (PetroVietnam), Binh asked the group […]
Opportunities for India in Myanmar’s energy sector
Myanmar is reportedly planning to open fresh bids for its oil and gas blocks to international companies. In the last few years, the Myanmar government has taken concrete steps to restructure its energy sector and has identified natural gas as an important component of its energy master plan. This is a welcome development for India, […]
DoE asks Tanglawan to bankroll LNG project in 6 months
The Energy Department on Wednesday asked Tanglawan Philippine LNG Inc. to comply with the conditions of the notice to proceed with its $2-billion liquefied natural gas project within six months. “There is a provision [in the NTP] that there are still papers still to be submitted. One of the big milestones there is their seriousness […]
Indonesian Pertamina’s Feb planned imports at 9-10 mil barrels; lower from Jan: sources
Indonesia’s state-owned Pertamina is expected to import around 9 million-10 million barrels of gasoline in February 2019, down from the estimated 10 million-11 million barrels in January, market sources said. Although higher from February 2018, Pertamina’s lower import volumes in February, compared with January, will likely exert downward pressure on the Asian gasoline market. Despite […]
