Malaysian energy giant Petronas sues South Sudan over local assets deal
Aug 26 (Reuters) – Malaysian state-owned energy giant Petroliam Nasional (IPO-PETO.KL) said on Monday its unit had initiated proceedings against South Sudan for allegedly blocking a $1.25 billion sale of its local assets and instead taking over the business.
Indonesia’s Medco Energi keeps 2024 production guidance
Indonesia’s PT Medco Energi Internasioanl was keeping its 2024 oil and gas production guidance at 145,000 to 150,000 barrels of oil equivalent per day, despite output being above guidance in the first half, an executive said on Monday.
Measures outlined to extend low prices
Thailand could extend low energy prices for another 20-25 years if the country successfully concludes negotiations on joint petroleum production and taps into energy resources in overlapping claims areas (OCAs), according to caretaker Finance Minister Pichai Chunhavajira.
PETRONAS and others partner to develop CCS facilities in Malaysia
PETRONAS, the Abu Dhabi National Oil Company (ADNOC), and Storegga have entered into a joint study and development agreement (JSDA) to assess and develop carbon capture and storage (CCS) facilities in the Penyu basin, offshore Peninsular Malaysia.
Petronas Starts Gas Production at Kasawari Field with Initial Rate of 200 mmscf/d
Petronas has commenced its first gas production at the Kasawari field, located in Block SK316, approximately 200 km off the coast of Sarawak, at an initial flow rate of 200 million standard cubic feet per day (mmscf/d).
Yangon sees sharp increase in fuel prices amid rising demand
Fuel is now available at gas stations in Yangon, with only a few vehicles queuing, but the cost of gasoline has surged to over Ks 3,000 per liter, according to drivers in Yangon region.
Hefty oil price hike set Tuesday
After a big-time rollback last week, oil companies will implement a hefty increase in pump prices starting Tuesday morning.
Sluggishness of LNG-to-power projects can undermine Vietnam’s energy security: ministry
LNG-fired electricity is set to play an essential role in the socio-economic development and national energy security in Vietnam, however, LNG-fired power projects in Vietnam are facing a series of obstacles.
