PV Gas to provide LNG for two Nhon Trach power plants
Hanoi (VNA) – The PetroVietnam Gas Corporation (PV Gas) will be a supplier of liquefied natural gas (LNG) for the Nhon Trach 3 and 4 power plants under a framework agreement between the firm with the PetroVietnam Power Corporation (PV Power). Speaking at the signing ceremony on January 10, Deputy Minister of Industry and Trade […]
PV Gas receives Vietnam’s first LPG cargo from Ichthys: sources
A third LPG cargo from Ichthys is on the way to Japan. The 44,000 mt mixed refrigerated cargo arrived at Vung Tau port in southern Vietnam on December 29 aboard the VLGC BW Elm, a shipping source said on Wednesday. The cargo was lifted by French oil company Total aboard the 58,136-dwt vessel around mid-December […]
Exxon to be Indonesia’s biggest oil producer in 2019
JAKARTA: * Exxon Mobil Corp unit Exxon Mobil Cepu Limited is expected to produce 216,000 barrels per day of crude oil in 2019, making it Indonesia’s biggest oil producer, the country’s upstream oil and gas regulator (SKKMigas) said * In second place Chevron Corp unit Chevron Pacific Indonesia is expected to produce 190,000 bpd of […]
Barakah unit secures five-year service contract from Petrofac
KUALA LUMPUR (Jan 16): Barakah Offshore Petroleum Bhd’s unit has won a five-year contract to service Petrofac (Malaysia-PM304) Ltd’s oil and gas fields offshore peninsular Malaysia. In an exchange filing today, the group said the contract, awarded to its wholly-owned subsidiary PBJV Group Sdn Bhd for the years 2018 to 2023, includes Pan Malaysian maintenance, […]
P2.30 price hike for diesel
MANILA, Philippines — Another major fuel price hike takes effect today – the second in two weeks this month – in step with rising crude costs in the world market. The second tranche of the fuel excise tax under the Tax Reform for Acceleration and Inclusion (TRAIN) law has nothing to do yet with the […]
Pertamina says crude purchases from Chevron, others to cut oil imports
JAKARTA, Jan 15 (Reuters) – * Pertamina to buy 2.5 million barrels of crude per month from Chevron Pacific Indonesia in January-June 2019 – joint statement * Pertamina crude purchases from Chevron and other companies to cut its crude imports to around 250,000 barrels per day (bpd) from 342,000 bpd (Reporting by Bernadette Christina Munthe […]
Perisai Petroleum Teknologi set to exit Bursa, shares plunge 83%
The axe has fallen on another listed oil and gas (O&G) company as Bursa Malaysia Securities Bhd rejected Perisai Petroleum Teknologi Bhd’s regularisation plan, opening the way for its exit from the local stock market. The 2014 oil price rout had claimed many O&G-related companies, with Perisai being the latest victim. Investors dumped Perisai’s shares […]
Global Vanadium hints at two new vanadium investments as it shifts from oil and gas focus
Global Vanadium is in active negotiations for two new projects as part of its continued vanadium focus. Newly renamed and refocused Global Vanadium (ASX: GLV) has announced two potential project opportunities and provided an update on its investment in the Philippines iron sands vanadium-magnetite project. The Western Australia-based company officially changed its name and ASX […]
