Sapura Energy bags contracts worth RM760mil
PETALING JAYA: Oil and gas company has secured contracts worth RM760mil in Angola and Malaysia that boosted the combined value of project wins in current financial year ending Jan 31, 2019 to RM9.3bil. The company, in a statement on Monday, said the growing order book will see a higher utilisation of its assets. In Angola, […]
Energy World Philippines gets go signal to build LNG facility
THE local unit of Australia’s Energy World Corp. Ltd. (EWC) has taken the lead in the race to build an integrated liquefied natural gas (LNG) facility in the Philippines as its proposal has been cleared by the Department of Energy (DoE). In a letter dated Jan. 2 to the Australian Securities Exchange, EWC said DoE […]
Indonesia’s Pertamina to buy domestic crude oil from contractors from January
JAKARTA: Indonesian state energy company PT Pertamina has signed deals to purchase crude oil produced from domestic fields by Chevron Corp, PetroChina and others, a company source familiar with the matter said. Purchases will start this month, including from other contractors such as Petrogas and Saka Energi Indonesia, the person said on Friday, without disclosing […]
Investor opportunities rise with upcoming tender, better contract terms
The oil and gas sector is looking exciting this year, with opportunities emerging from an international tender scheduled to take place early this year for the first time since 2014. In addition to onshore and offshore blocks, the tender is expected to include work in “Improved Petroleum Recovery” blocks at older oil fields in Myanmar. […]
Singapore light distillate fuel stocks hit record high
SINGAPORE, Jan 4 (Reuters) – Light distillate fuel stocks at Asia’s refining hub in Singapore have climbed to a record on surging supply, just as fears emerge of an economic downturn heading into 2019. Light distillate stocks in Singapore, which include the key transportation fuel gasoline and important petrochemical feedstock naphtha, rose by 1.47 million […]
Energy recommends lifting of ban on West Philippine Sea exploration
The Energy Department officially recommended to the Department of Foreign Affairs the lifting of the moratorium on oil and gas exploration in the West Philippine Sea amid the enhanced relations between China and the Philippines, officials said. Energy Resource Development Bureau director Ismael Ocampo said the recommendation was submitted to the DFA, on the request […]
Indonesia’s Medco Energi in talks to buy London-listed Ophir Energy
Singapore — Indonesian oil and gas group Medco Energi is in talks to buy UK-based Ophir Energy to create one of the biggest private upstream producers in Southeast Asia, the two companies said separately. Shares in London-listed Ophir — an oil and gas company with upstream assets in Thailand, Vietnam, Indonesia, Malaysia, Equatorial Guinea and […]
India cuts tax on palm oil imports; Malaysia to benefit the most
Mumbai INDIA has cut import taxes on crude and refined palm oil from South-east Asian countries after a request from suppliers, a government notification said. The reduction will lead to higher imports of palm oil by the world’s biggest edible oil buyer in coming months as it would narrow the difference between the tropical vegetable […]
