Indonesia sweetens production sharing contracts after operators call for incentives
The Indonesian authorities have improved the fiscal terms of the Southeast Asian nation’s production sharing contracts (PSCs) after many approaches from operators to sweeten them and in an attempt to spur upstream investment.
Oil price could hammer indebted fuel fund
Escalating tensions between Israel and Iran are expected to drive up global crude oil prices, affecting the Oil Fuel Fund Office’s (Offo) debt repayment plan, says an official at the Energy Ministry.
Malaysia’s Petronas to supply gas to Sabah Electricity
Malaysia’s Petronas (IPO-PETO.KL), opens new tab will supply gas to Sabah Electricity for power generation in the regions of Sabah and Labuan, the state-owned energy firm said on Tuesday.
Brunei’s GDP grows, boosted by oil and gas
Brunei Darussalam’s gross domestic product (GDP), at constant prices, grew at 6.0 per cent in the second quarter (Q2) of 2024, driven by a 7.7-per-cent increase in the oil and gas (O&G) sector and a 4.5-per-cent increase in the non-O&G sector, the Department of Economic Planning and Statistics (JPES) said in a statement.
Indonesia Asks Exxon To Boost Oil Production
Indonesia on Monday asked U.S. supermajor ExxonMobil to raise its crude oil production in the country to 150,000 barrels per day (bpd) in 2026, up from 125,000 bpd, Bahlil Lahadalia, Indonesia’s Minister of Energy and Mineral Resources, said.
Natural Gas News Vietnam’s first LNG power plant to start commercial operations from April, 5 months behind target
Vietnam’s first power plant using solely liquefied natural gas (LNG) is expected to start commercial operations from April next year, state media reported on Thursday, five months later than the previous target date.
Vietnam PTSC, US Excelerate Energy to cooperate in LNG imports into Vietnam
PTSC, the technical arm of state-owned Petrovietnam, and Texas-based liquefied natural gas (LNG) importer Excelerate Energy, will jointly study solutions for LNG imports into Vietnam.
Draft seeks to better regulate fuel prices
A draft law to empower energy authorities to better regulate domestic oil and cooking gas prices is progressing towards parliament for approval, which could be a key energy policy under the nascent Paetongtarn Shinawatra regime.
