Thailand’s national upstream company PTTEP is planning this year to invest $6.721 billion in oil, gas and clean energy projects both on its home turf and overseas, with the goal of boosting petroleum production by about 9% versus 2023 to 505,000 barrels of oil equivalent per day.
In mid-January, the Energy Ministry of Indonesia and the Venezuelan Oil Ministry signed a Memorandum of Understanding (MoU) for cooperation in oil and gas in Caracas
Investors have been nibbling at selected oil and gas (O&G)-linked counters on Bursa Malaysia, with several stocks trading at or near one-year high on the recent rebound in oil prices and improved work activities outlook in key sub-segments and Malaysia.
Asia-focused oil and gas company Jadestone Energy has signed a heads of agreement with PetroVietnam Gas Joint Stock Corporation (PV Gas) for the gas sales and purchase agreement (GSPA) relating to the Nam Du and U Minh gas fields offshore Vietnam.
Three companies from Japan and Vietnam have joined forces to establish a new LNG-to-power project offshore Vietnam. Japanese fuel majors Tokyo Gas and Kyuden have established a joint venture (JV) with Vietnam’s Truong Tan Vietnam Group to develop the project in the Thái Bình province in the north of Vietnam.
Japanese companies Tokyo Gas and Kyuden, along with Vietnam’s Truong Tan Vietnam Group, have established the Thai Binh LNG Power joint venture (TBLP) to work on an LNG-to-power project in Thai Binh Province, Vietnam.
Indonesia has the opportunity to meet its energy needs independently and play an influential role on the global stage by utilizing its natural gas potential, according to Rystad Energy, an energy research firm.
PT Pertamina Malaysia Exploration Production (PMEP) and its partners won the bid to work on the SK510 exploration block in Malaysia through the annual Malaysia Bid Round (MBR) of 2023.