Malaysia to reduce fuel subsidies as inflation weakens
Malaysia is phasing out gas and diesel subsidies as inflation eases, working to reduce expenditures that ballooned during the coronavirus pandemic and rebuild government finances.
Indonesia aims to produce 100,000 oil barrels a day by 2028
Indonesia is trying to increase its oil production that has been dropping since 2020, reversing the declining production trend by exploiting old oil fields and try to find new oil fields, with an aim of producing 100,000 barrels a day by 2028.
Meralco affiliate keen on beefing up LNG power capacities in Singapore
The Manila Electric Co. (Meralco) remains interested in putting up a 600 megawatts (MW) natural gas-fired power plant project in Singapore.
Mitsubishi Power secures contract for 500MW power plant in Malaysia
Mtsubishi Power, a subsidiary of Mitsubishi Heavy Industries, has secured a contract to supply gas and steam turbines for a new 500MW gas turbine combined cycle (GTCC) power plant in Sarawak, Malaysia.
Central Vietnam province opens bids for $2.45 bln LNG-to-power project
Bidding documents for the $2.45 billion, 1,500 MW Nghi Son LNG-to-power project using combined cycle gas turbine technology (CCGT) have been released by Thanh Hoa province in central Vietnam.
PETRONAS accelerates development of 12 fields offshore Malaysia with multiple PSC deals
PETRONAS signed Production Sharing Contracts (PSCs) for three clusters of Discovered Resource Opportunities (DRO) marketed under the Malaysia Bid Round Plus (MBR+) Round I. These clusters are located offshore Peninsular Malaysia.
Malaysia’s largest state, Sarawak, reclaims gas assets in autonomy bid
Malaysia’s biggest state, Sarawak, is set to take control of its natural gas assets from federal government-run companies, as its campaign for economic autonomy bears fruit in the Southeast Asian country’s fragile political landscape.
President Leads Limited Cabinet Meeting on Accelerating Oil and Gas Production
President Joko Widodo led a limited meeting with a number of ministers at the Presidential Palace, Jakarta, Wednesday, July 31, to discuss the acceleration of oil and gas production. “Oil and gas production needs to be accelerated. The prospects are already visible,” Minister of Energy and Mineral Resources Arifin Tasrif said after attending a limited […]
