Angkor Resources Undertakes Inspection and Assessment of Offshore Cambodian Oil Field
Executive VP Operations of Angkor, and President of EnerCam, Mike Weeks, at the request of government officials of Ministry of Energy in the Kingdom of Cambodia, has led a technical assessment and inspection of the offshore production facilities and drilling platform, located 160 kms from Sihanoukville at the offshore oil field in the Khmer Basin […]
Malaysia’s Fast Energy Seeks to Take Majority Stake in Bunker Trader CCK Petroleum
Malaysian marine fuels and energy firm Fast Energy is proposing to take a majority stake in bunker trading company CCK Petroleum.
Risks rise for Thai power sector as PTTEP struggles with gas supply challenges, warns Fitch
Thailand’s state-backed upstream player PTT Exploration & Production (PTTEP) is facing significant gas supply challenges that pose further downside risks to the Southeast Asian nation’s gas power sector, warned Fitch Solutions. Thailand’s power sector is already facing downward pressures from strained import supply from Myanmar, which is a major exporter of natural gas to Thailand. […]
Sapura Energy most active, hits five-month high amid talk of financial assistance
Shares in Sapura Energy Bhd touched a five-month high of 10 sen on Monday (May 23) and the counter emerged as the most actively traded stock in the local bourse. The stock opened two sen or 28.57% higher at nine sen and rose to a high of 10 sen.
Petrol prices reach new high in Singapore – above RM10 per litre, despite softer oil prices and amid record profits by energy firms
Fuel pump prices have reached another new high, with posted rates breaching previous records in early March – even though oil prices are around 15 per cent lower than in March.
Gas output falls in Thailand exacerbating need for costly LNG
Thailand’s dependence on imported liquefied natural gas (LNG) continues to expand despite soaring global prices. Significantly, the increasing demand for LNG is being exacerbated by production declines across ageing domestic fields, particularly Erawan. Data from the Energy Policy and Planning Office (EPPO) show LNG imports during the first two months of 2022 totalled 1,912 million […]
Vietnamese, US firms get investment registration certificate for LNG terminal project
PetroVietnam Gas JSC (PV Gas) and the AES Corporation of the US have been granted an investment certificate and a business registration certificate for the Son My liquefied natural gas (LNG) terminal project.
Vietnam keen to maximize upstream output, crude exports to offset fuel import bills
Vietnam exported 230,260 mt, or 56,260 b/d, of crude oil in April, an increase of 12.4% from the same month a year earlier, with the Southeast Asian producer aiming to sell as many domestic sweet crudes as possible to minimize its energy trade deficit, market and trade participants said over May 11-17.
