Petron Bataan Refinery may get tax break from CREATE bill
Petron Corporation may be getting its desired sigh of relief for its refinery in Limay, Bataan as the Congress-approved Corporate Recovery and Tax Incentives for Enterprises (CREATE) bill would exempt petroleum refineries from taxes on crude oil imports.
PH urged to be wary of China’s intention on oil exploration after passage of Coast Guard law
Metro Manila (CNN Philippines, February 10)— The Philippines should be wary of China’s intention regarding the countries’ joint oil and gas exploration deal in the West Philippine Sea, a former Supreme Court justice said Wednesday amid issues surrounding Beijing’s new Coast Guard law.
Not all O&G companies will immediately benefit from higher crude oil prices, say analysts
KUALA LUMPUR (Feb 9): While higher Brent crude prices have fanned interest in oil and gas (O&G) counters listed on Bursa Malaysia, fund managers and heads of research believe not every company is set to benefit immediately from the higher prices.
Jurong Port to take over stakes in Universal Terminal
[SINGAPORE] Singapore port operator Jurong Port is set to take over the shares in a major oil storage terminal in the city state from the Lim family behind collapsed oil trader Hin Leong, three sources with knowledge of the matter told Reuters.
Japan’s JERA signs MOU with Malaysia’s Petronas for ammonia, LNG collaboration
TOKYO, Feb 9 (Reuters) – Japan’s biggest power generator JERA has signed a memorandum of understanding (MOU) with Malaysia’s Petronas [RIC:RIC:PETR.UL] to discuss collaborations in energy areas such as ammonia, hydrogen and liquefied natural gas (LNG), the two firms said on Tuesday.
Oil firms to raise prices anew this week
MANILA – Oil companies will increase their pump prices on Tuesday.
Downstream oil sector seen rebounding
MANILA, Philippines — The Philippine downstream oil sector may recoup its losses this year, riding on the resurgence of demand amid the continued reopening of the economy and the rollout of vaccines.
Myanmar coup and impact on oil and gas industry
Following the military coup in Myanmar on Monday, February 1st, Wood Mackenzie and Verisk Maplecroft experts weigh in on what this means for the oil and gas industry.
