Malaysia launches 10-year blueprint for oil, gas sector
Malaysia is seeking to steer its oil and gas sector away from uncertainty created by the Covid-19 pandemic, unveiling a 10-year industry plan aimed at thriving in a lower oil price environment and capitalising on the global energy transition.
PETRONAS adds new vessels to LNG fleet
PETRONAS LNG Ltd (PLL) has signed a Time Charter Party (TCP) for three newbuild 174 000 m3 LNG vessels with shipowner, Hyundai LNG Shipping (HLS). The deal with HLS was awarded via an international tender exercise to support PETRONAS’ growing global LNG business portfolio.
After a year of losses, Shell swings back to profit on oil price recovery
LONDON: Royal Dutch Shell swung back into profit in the first quarter as oil prices recovered strongly from a year earlier, the company said Thursday. The Anglo-Dutch group posted a net profit of US$5.7 billion in the first three months of the year, Shell said in a statement.
Thailand’s PTTEP drives up 2021 sales targets after first-quarter profit
Thailand’s national upstream company PTTEP has again revised upwards its 2021 targeted sales volumes after reaching first gas from the Block H project offshore Sabah, East Malaysia and completion of its stake acquisition in BP’s Block 61 project in Oman.
Sapura Energy secures six oil and gas contracts worth RM1b
KUALA LUMPUR (April 27): Sapura Energy Bhd said today its wholly-owned subsidiaries in engineering and construction (E&C) have been awarded six contracts with a combined value of approximately RM1 billion.
Malaysia launches 10-year blueprint to revive oil and gas sector
KUALA LUMPUR – Malaysia is seeking to rescue its ailing oil and gas ecosystem with an ambitious 10-year plan after fuel prices were battered last year by the Covid-19 pandemic.
Malaysia’s Petronas exports LNG in ISO tanks to China
Malaysia’s Petroliam Nasional Bhd said on Monday that it has started exports of liquefied natural gas (LNG) in ISO tanks to China from its filling facility in Pengerang in the southern state of Johor.
South Korean steelmaker POSCO defends Myanmar gas business
SEOUL: South Korean steelmaker POSCO said on Monday it does not believe its unit POSCO International’s gas projects in Myanmar have a direct link to the military which seized power there in February. The unit’s gas business had existed for about 20 years, persisting through regime change, and related payments were paid to the Myanmar […]
