Another oil price hike set for January 22
MANILA, Philippines – Oil companies will implement another fuel price hike on Tuesday, January 22, marking the 3rd straight week of increases. Caltex, Shell, Flying V, Phoenix Petroleum, Total, Petro Gazz, Seaoil, and PTT Philippines announced that they will be imposing a P0.10 per liter increase on gasoline and a P0.40 per liter hike on […]
Hengyuan Refining approves unit for Malaysian refinery
Hengyuan Refining Co. Bhd. (HRC)—a subsidiary of Shandong Hengyuan Petrochemical Co. Ltd.—has approved a $66.4-million investment to develop and build a hydrogen manufacturing unit as part of a hydrogen generation (H2Gen) project for production of cleaner fuels at its 156,000-b/d refining complex in Port Dickson, Negeri Sembilan, Malaysia. Approved on Jan. 16, the primary objective […]
Indonesia’s Pertamina to boost domestic crude purchases from January
Indonesia’s state-run Pertamina has started increasing its purchases of domestic crude produced by private operators like Chevron from January onwards, as the government tries to narrow its trade deficit and cut down on its import bills. The move is in line with a regulation on crude sales issued last year by Energy and Mineral Resources […]
Pertamina Oil, Gas Production Jump 42 Percent in 2018
TEMPO.CO, Jakarta – State-owned oil and gas company Pertamina recorded the country’s production of oil and gas throughout 2018 increased to 768,000 barrels of oil equivalent per day (MBOEPD). The figure jumped 42 percent when compared to that of last year at 542,000 barrels. Pertamina Upstream Director Dharmawan H Samsu said that the figure saw a positive […]
Thailand’s PTT to start LNG desk in Singapore to expand trading
SINGAPORE: Thailand‘s state energy firm PTT is planning to start a liquefied natural gas (LNG) desk in Singapore to expand its trading activities of the super-chilled fuel, two sources familiar with the matter said on Thursday. Thailand is in the midst of liberalising its power sector to boost competition in the domestic market. The southeast […]
Indonesia to export 185 LNG cargoes from Tangguh, Bontang in 2019 -regulator
JAKARTA, Jan 16 (Reuters) – * Indonesia plans to export 185 cargoes of liquefied natural gas (LNG) from Tangguh and Bontang LNG plants in 2019, below the 203 cargoes the two plants exported in 2018, upstream oil and gas regulator (SKKMigas) officials said * Bontang is expected to export 93 cargoes of LNG in 2019 […]
Pertamina’s gas production up 51 pct in 2018 – director
JAKARTA, Jan 17 (Reuters) – * Gas production by Pertamina, Indonesia’s state-owned energy company, soared 51 percent to 3,064 million cubic feet per day (MMCFD) in 2018 from 2,035 MMCFD in 2017, a company director said on Thursday * Meanwhile, Pertamina’s crude oil output increased 15 percent to 392,000 barrels per day in 2018 from […]
Pertamina to sign Rokan oil block contract this month – director
JAKARTA, Jan 17 (Reuters) – Indonesia’s state-owned energy company, Pertamina, expects to sign a production sharing contract for the Rokan oil block this month, after paying a $784 million signature bonus for its bid in December, a company director said. Indonesia’s energy ministry announced in July that Pertamina will take over operation of Rokan, the […]
