Malaysia’s Petronas says Baram oil output to resume in Q3 after ship accident
SINGAPORE (Reuters) -Malaysia’s state energy firm Petronas said on Monday it expects to resume full production at its Baram facilities, off the state of Sarawak on Borneo island, in the third quarter after halting output in October following an accident.
Thai PTTEP set to invest $2bn in Myanmar gas fields and power plant
YANGON — PTT Exploration and Production, a unit of Thailand’s state-owned energy conglomerate PTT, plans to invest $2 billion in the development of natural gas fields and power plant construction in Myanmar. The move will expand the company’s operations in the neighboring country, which is experiencing chronic power shortages.
Cambodia Prepares To Produce Its First Oil
As Asian oil demand looks set to increase over the next decade, Cambodia is taking advantage of the opportunity with its first crude oil production. Cambodia’s plan is to extract oil from the Gulf of Thailand oil fields in a joint project with Singapore’s KrisEnergy Ltd, a plan that has seen several years of delays.
Hun Sen hails extraction of Cambodia’s ‘first drop of oil’
CAMBODIAN premier Hun Sen announced on Tuesday that the kingdom had extracted its first drop of crude oil from its waters, a long-awaited milestone for one of South-east Asia’s poorest nations.
Gulf acquires 40% of PTT Natural Gas
Gulf Energy Development Plc, Thailand’s top private power producer by capacity, has acquired a 40% share of PTT Natural Gas Co, a gas distribution arm of PTT Group, at a cost of US$90 million (2.7 billion baht) to further expand its energy business.
Myanmar set for more than $1 billion of upstream investment
With Myanmar’s general elections in the rearview mirror, upstream development expenditure could more than double to over $1 billion by 2023 compared to this year’s spend.
Bosch completes one of Malaysia’s largest rooftop PV installations
KUALA LUMPUR: Bosch, a German technology company, recently completed one of the largest rooftop photovoltaic system installation in Malaysia on its automotive electronics plant in Penang.
Gas Malaysia receives govt directive on average natural gas selling price for distribution
KUALA LUMPUR (Dec 18): Gas Malaysia Bhd has received the government’s directive on the average natural gas selling price for the distribution segment by its wholly-owned subsidiary Gas Malaysia Energy and Services Sdn Bhd.
