Prime Energy pushes for Indigenous gas to ensure energy stability
Developing indigenous gas facilities should be a cornerstone of the Philippines’ energy policy to ensure long-term energy security, according to Donnabel Cruz, Managing Director and General Manager of Prime Energy Resources Development.
Malaysia’s Petronas Q1 profit falls on high costs, low prices
Malaysia’s state energy firm Petroliam Nasional (Petronas) reported a near 11 per cent decline in first-quarter net profit on Friday (May 31) due to higher operating costs and lower realised prices across its businesses.
With drilling ops underway, first oil from Asian project still in the cards for next quarter Exploration & Production
Canada-based oil and gas company Valeura Energy has kicked off a development drilling campaign at an asset off the coast of Thailand with a jack-up rig owned by Borr Drilling, an offshore drilling contractor.
Malaysia to cut diesel subsidies, saving $852 million annually
Malaysia will begin cutting fuel subsidies to bolster its fiscal position starting with diesel, a move that will save about 4 billion ringgit ($852 million) annually, Prime Minister Anwar Ibrahim said on Tuesday.
Fourth LNG shipment reaches Vietnam’s port
Vietnam Gas Corporation (PV GAS), a subsidiary of state-owned PetroVietnam, has welcomed its fourth liquefied natural gas (LNG) shipment at the country’s Cai Mep – Thi Vai port.
Sabah extends crude oil cargo S&P agreement with Shell for three more years
Sabah has extended the ongoing sales and purchase agreement (SPA) with Shell International Eastern Trading Company (SIETCO) for another three years, starting next month.
TotalEnergies to splash out $903 million on its gas footprint expansion off Malaysia
France’s energy giant TotalEnergies has set the wheels into motion to enrich its overall gas portfolio with more assets offshore Malaysia by inking a deal with Austria’s OMV to get its hands on a stake in SapuraOMV Upstream, a 50:50 joint venture between Sapura Energy and the Austrian firm, which works as a Malaysian independent […]
PTTEP to invest $6.7 billion as it eyes 2024 production growth
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.
