Brunei projects US$1.82bil in revenue from oil and gas in new fiscal year
BANDAR SERI BEGAWAN (Xinhua): Brunei’s government revenue for the 2025/2026 fiscal year is expected to reach 3.26 billion Brunei dollars (US$2.42 billion U.S. dollars), with 75 pe rcent, or 2.45 billion Brunei dollars (US$1.82 billion) coming from the oil and gas sector, a government minister has announced.
Hydrocarbons still a key driver for Brunei’s economy
KUCHING (Feb 26): Brunei Darussalam’s hydrocarbons sector remains a key driver of its economy and continues to play a vital role in meeting global energy demand.
Petrovietnam to complete central processing platform for Block B project in 2025
Petrovietnam and its technical arm PTSC aim to build and install various key facilities of the mega Block B gas project by end-2025, the state-owned energy giant said last week.
Feb. 25: Gasoline, diesel, kerosene up for 2nd straight week
MANILA, Philippines — Motorists should brace for a fuel price hike for the second consecutive week, starting Tuesday, February 25. Oil firms will increase gasoline prices by P0.70 per liter, diesel by P0.40 per liter and kerosene by P0.20 per liter.
PH eyes Alaska as potential liquefied natural gas source
MANILA – The Philippines is considering importing liquefied natural gas (LNG) from Alaska as the Trump administration sets its sights on reviving its long-delayed USD44 billion gas pipeline project. Alaska earlier secured President Donald Trump’s backing to develop the Alaska LNG project, which can process and transport up to 20 million tons of LNG annually.
Vietnamese petroleum imports from Singapore triple in January
VOV.VN – Total trade turnover between Vietnam and Singapore in January soared by 25.5% year on year to US$953 million, with petroleum imports from Singapore witnessing a three-fold rise, according to data from Vietnam Customs.
Petronas mulls over US$1 billion loan for Malaysian LNG project
MALAYSIA’S Petroliam Nasional is in talks with banks for a potential loan to fund a liquefied national gas (LNG) project, according to sources familiar with the matter.
Petronas unit monitoring low production of oil and gas in Peninsular Malaysia
KUALA LUMPUR (Feb 17): Petroliam Nasional Bhd’s (Petronas) wholly-owned subsidiary Petronas Energy & Gas Trading (PEGT) is closely monitoring the low oil and gas production in Peninsular Malaysia and proactively collaborating with stakeholders to ensure a continued and stable gas supply in the country.
