Energy partners join forces for Indonesia LNG project
Four Asian energy companies have entered into a joint study agreement to explore the potential of a clean natural gas and liquefied natural gas (LNG) project in Indonesia involving the production of biomethane from palm oil mill effluent (POME). Announced today (April 25th), the project aims to support a transition to more carbon neutral energy […]
Philippines halts oil and gas exploration in disputed South China Sea
Manila : Manila has suspended oil and gas exploration in the South China Sea, Philippine President Rodrigo Duterte’s spokesman said Wednesday, as it tries to strike a deal with Beijing on a joint energy project.
Use oil price windfall to support local firms, Petronas urged
An economist has called on Petronas to provide support to Malaysian oil and gas companies, saying global oil prices allow the company to be more liberal with its spending. Two trade groups are reported to have recently complained that the national oil company is raking in billions at the expense of oil and gas companies’ […]
PH loses as DOE halts oil search, says expert
“It’s a game of chicken and we’re losing,” maritime expert Jay Batongbacal said on Monday after the Department of Energy (DOE) ordered the suspension of oil exploration activities in the West Philippine Sea on April 6.
Singapore yard Keppel terminates contracts, keeps rigs
Singapore yard Keppel Offshore & Marine (Keppel O&M) is terminating jack-up rig construction contracts signed with an affiliate of Clearwater Capital Partners, and Fecon International, in October 2013 and February 2014, respectively. Significantly, the yard will keep the drilling units and is exploring the sale and charter of the rigs.
Indonesia energy minister proposes higher fuel distribution quotas
Indonesia’s government plans to increase the distribution quota of certain fuels like diesel and 90-octane fuel to meet strong domestic demand, energy minister Arifin Tasrif told a parliamentary hearing on Wednesday.
DOE orders gas firm to suspend exploration
The Department of Energy (DOE) has directed listed upstream oil and gas firm PXP Energy Corp. to suspend exploration activities in its service contracts in the West Philippine Sea until it secures the go ahead of a government cluster overseeing political, diplomatic and national security concerns.
Asia urged not to build more LNG terminals
Asian countries going into liquefied natural gas (LNG) importation, including the Philippines, may face challenges in securing imported LNG and lead to stranded import infrastructure and gas-fired power plants due to the long-term impact of the Ukraine-Russia war on prices, according to the Institute for Energy Economics and Financial Analysis (IEEFA).
