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 […]
Electricity, renewable energy – a spearhead sector of Petrovietnam
The Vietnam Oil and Gas Group (Petrovietnam) is striving to raise its total installed power capacity to 8,000-14,000 MW by 2030, which is projected to account for 8-10% of the country’s combined capacity by 2045, under its revised strategy.
Natural gas supplies plummet in Myanmar amid import limits
The price of gas commonly used in Myanmar for cooking has more than tripled amid massive supply shortages since the February 2021 coup d’etat, with some families being forced to switch to charcoal.
Indonesia boosts oil, gas partnerships with Chinese firms
The Indonesian government is stepping up cooperation with Chinese companies to increase the country’s oil and gas reserves and production, according to Director of Upstream Oil and Gas Business Development Ariana Soemanto. He remarked that three stakeholders are collaborating to utilize the technology offered by several Chinese companies to explore new reserves and boost production […]
LNG’s safety, reliability highlighted as Philippines pursues energy transition
As the Philippines pushes its transition to cleaner energy sources, a noted LNG specialist underscores the crucial role of liquefied natural gas (LNG) in ensuring energy security and environmental sustainability.
New body proposed to regulate energy prices
Energy authorities will be given more power to regulate domestic oil and cooking gas prices through taxes and subsidies under a new law, says Energy Minister Pirapan Salirathavibhaga.
