PGN connects over 5,000 households in Banten to gas network
State-owned gas subholding company PT Perusahaan Gas Negara (PGN) has announced that it has completed its gas pipeline network project to distribute natural gas to households in Serang, Banten. PGN president director Gigih Prakoso, said the gas network project, funded through the state budget, would help reduce imports of liquefied petroleum gas (LPG). “PGN will […]
Indonesia to offer 10 oil, gas blocks this year
Speaking at the weekend Djoko said that first auction phase will involve the Anambas, West Ganal and West Kaimana blocks as well as two exploitation blocks — West Kampar and Selat Panjang and the auction process would be opened before the end of this month. “It [the first auction] will kick off this month. We […]
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 […]
Petrolimex urged to enhance petrol quality and competitiveness
NDO – The Vietnam National Petroleum Group (Petrolimex) must play a key role in supplying petroleum for socio-economic development, while enhancing the petrol quality and improving its competitiveness, said Deputy Prime Minister Trinh Dinh Dung. The Government official made the request at the Petrolimex conference held in Hanoi on January 12 to review its operations […]
Phoenix Petroleum, China partner eye start of LNG terminal in 2023
MANILA, Philippines — The team-up of businessman Dennis Uy’s Phoenix Petroleum Philippines Inc. and China National Offshore Oil Corp. (CNOOC) expects to start operating its liquefied natural gas (LNG) terminal by 2023. This is after their joint venture firm Tanglawan Philippines LNG Inc. was granted by the Department of Energy (DOE) the notice to proceed […]
Can Yankee Ingenuity Jump Start The Philippine LNG sector?
A U.S.-based company, Excelerate Energy, is throwing its hat in the fledgling Philippine liquefied natural gas (LNG) sector. Excelerate, based in Woodlands, Texas, and Manila-based First Gen Corp., have filed a joint bid for an LNG import project, Philippines DOE Undersecretary Felix William Fuentebella said during a news conference in Manila on Monday. Excelerate filed its […]
PTTEP wins Abu Dhabi deal
DUBAI: PTT Exploration and Production (PTTEP) of Thailand and Eni of Italy have secured rights to explore for oil and natural gas in Abu Dhabi, committing to invest at least US$230 million to assess the offshore fields. The concession will be operated by Eni and fully owned by the Italian and Thai companies. Abu Dhabi […]
444 gas stations found imposing higher tax
MANILA, Philippines — Over 400 gas stations have already imposed additional excise tax on fuel products as the Department of Energy (DOE) continues to monitor the industry for the Tax Reform for Acceleration and Inclusion (TRAIN) law’s proper implementation. The DOE-Oil Industry Management Bureau (OIMB) said yesterday it has received 444 reports on the retail […]
