Surge in Petrolimex and PV Oil shares following new draft decree on fuel trading
At the end of March, the Ministry of Industry and Trade unveiled a draft decree on fuel trading and investors were quick to assess that it will be good news for the primary fuel trading companies.
Military wants B300m redevelopment of northern Thai oilfield
Fang oilfield in Chiang Mai, the oldest oilfield in Thailand, is to be redeveloped at a cost of 300 million baht, according to the Defence Energy Department’s Northern Petroleum Development Centre (NPDC).
PETRONAS announces first gas production at Jerun Field, Sarawak
Petroliam Nasional Bhd (Petronas) today announced that the Jerun field in Block SK 408, located approximately 160 kilometres off the coast of Sarawak, offshore Malaysia, has recently achieved its first gas production.
Keppel to Upgrade Second Merlimau Cogen Gas Turbine for Hydrogen Readiness, Efficiency, and Lower Emissions
Keppel Ltd has announced plans to upgrade a second existing gas turbine unit at the Keppel Merlimau Cogen combined cycle power plant (KMC) on Singapore’s Jurong Island.
Gas and electricity prices to increase from July to September
From July 1 to Sept 30, those supplied by grid operator SP Group will see a 0.3 per cent increase in electricity tariffs compared with the previous quarter, the group said in a statement on June 28.
Gasoline prices see 3rd hike this month
Gasoline prices on Thursday afternoon rose for the third time this month and reached a four-week high. The popular fuel RON95 went up 2.45% to VND23,010 ($0.90) per liter. Biofuel E5 RON92 rose 2.37% to VND23,010. Diesel increased by 1.57% to VND20,680.
Petronas and Vestigo Petroleum ink PSC for Sabah Gas Fields
Petroleum Nasional Bhd (Petronas) has signed a small field asset (SFA) production sharing contract (PSC) with Vestigo Petroleum Sdn Bhd for a discovered resource opportunity cluster marketed under the Malaysia Bid Round Plus (MBR+).
Gas production hikes and regional buying to cut LNG imports
Thailand plans to increase domestic gas production and renew gas purchases from neighbouring countries to reduce its dependence on liquefied natural gas (LNG) as gas demand is expected to increase in Asia, say energy authorities and analysts.
