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.
How The Coup In Myanmar Will Impact Energy Markets
Myanmar’s military coup has become Asia’s most significant political development in 2021 so far. In many ways, the coup brought back memories of times long gone – Aung San Suu Kyi, who has marked another landslide victory in the November 2020 general election, was swiftly detained by the military allegedly for the possession of illegally […]
Thailand sells surplus LNG to Japan, emerging as re-exporter
BANGKOK — Thailand’s state-owned energy conglomerate PTT has shipped liquefied natural gas to Japan for the first time as it looks to re-export fuel for power plants to energy-hungry countries.
Energy Firm Reports 130% Rise in Oil Reserves for Thailand Property
In a news release, Pan Orient Energy Corp. (POE:TSX.V) announced the results of an independent reserves evaluation for Concession L53/48 in onshore Thailand. The company has a 50.01% stake in the joint venture entity Pan Orient Energy (Siam) Ltd. that owns the concession.
Fuel consumption dives 12.5% in 2020
Fuel consumption in Thailand contracted by 12.5% last year because of strict state measures to prevent the spread of Covid-19, including a lockdown order, according to the Department of Energy Business (DOEB).
Myanmar coup could derail billions in oil and gas investment, stall energy projects
The military coup in Myanmar threatens to disrupt energy investment in the country’s oil, gas and power sectors as companies assess the risk of operating amid heightened political uncertainty and the potential for renewed international sanctions.
Woodside drillers stuck one more week offshore Myanmar
The coup began Monday with the arrest of elected leader and long time democracy figurehead Aung San Syu Kyi and other democratically elected leaders including president Win Myint, nine years after the long serving military junta unexpectedly stepped aside to allow the first real elections in decades.
