Petronas and Vestigo Petroleum ink PSC for Sabah Gas Fields
Petroleum Nasional Bhd (Petronas) has signed a small field asset (SFA) production sharing contract (PSC) with Vestigo Petroleum Sdn Bhd for a discovered resource opportunity cluster marketed under the Malaysia Bid Round Plus (MBR+).
Gas production hikes and regional buying to cut LNG imports
Thailand plans to increase domestic gas production and renew gas purchases from neighbouring countries to reduce its dependence on liquefied natural gas (LNG) as gas demand is expected to increase in Asia, say energy authorities and analysts.
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.
