Ecuador reaches pre-agreement with Thailand’s PTT to renegotiate oil-for-loan deal
If the proposed deal is signed this year, PTT and PetroChina would jointly receive up to 77 million barrels of Ecuadorian crude per year through 2024, Ortiz said
Pertamina Lubricants expands market in Thailand
Pertamina Lubricants Thailand Co., Ltd. (PLT), which is a subsidiary of Pertamina Lubricants from Indonesia has signed a cooperation contract with Iyara Energy Group Thailand on March 5, 2021
Cambodia chalks up five oil wells
Singapore-based oil and gas firm KrisEnergy Ltd began extracting crude oil from four additional wells late last month, according to Cheap Sour, a senior official at the Ministry of Mines and Energy.
Indonesia LPG imports to fall sharply by 2025 as coal gasification ramps up
Under a new presidential regulation last month, coal gasification features on a “priority” investment list, which offers incentives such as tax allowances or tax breaks
Thailand’s PTTEP to outperform
Analysts at Macquarie bank believe Thai upstream player PTT Exploration & Production (PTTEP) is set to outperform as it is bolstered by strong crude prices and the mitigation of risk that output will disappoint at Erawan.
Japan-backed AG&P says gets approval to develop Philippines LNG terminal
SINGAPORE, March 8 (Reuters) – Atlantic Gulf & Pacific Company (AG&P) said on Monday its Philippines subsidiary has received the green light to develop a liquefied natural gas (LNG) import and regasification terminal in Batangas Bay, south of Manila.
Philippines’ Department of Energy (DOE) Issues AG&P Notice to Proceed for the Philippines LNG (PLNG) Import Terminal in Batangas Bay
MANILA, Philippines–(BUSINESS WIRE)–Atlantic Gulf & Pacific Company of Manila, Inc. (AG&P) has been issued the Notice to Proceed (NTP) by the Philippines’ Department of Energy (DOE) for the development of its LNG import and regasification terminal in Batangas Bay on the main island of Luzon, called the Philippines LNG (PLNG). PLNG will store LNG and […]
ExxonMobil to cut 7% of Singapore workforce, cites ‘unprecedented market conditions’
[BENGALURU] ExxonMobil said on Tuesday it will cut about 7 per cent of its workforce in Singapore, home to its largest refining-petrochemical complex, as “unprecedented market conditions” due to the Covid-19 pandemic accelerate ongoing reorganisation.
