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.
Fuel businesses and consumer rights must go hand-in-hand
Fuel prices remain a thorny issue for regulators, mainly on how to calculate retail prices with the Ministry of Industry and Trade (MoIT) saying the central government does not want to impose pricing, but it will take actions to ensure consumer rights are protected.
PXP Energy finds dismal gas site in Palawan, drops project
Pangilinan-led PXP Energy Corp. has relinquished a contract to harness oil and gas resources in an offshore area northwest of Palawan after assessing it had no potential for further exploration.
ExxonMobil selling Malaysia oil and gas assets to Petronas, sources say
Exxon Mobil Corp has agreed to sell its Malaysian oil and gas assets to state energy firm Petronas, exiting the country’s upstream sector where it used to be a dominant producer, two sources with direct knowledge of the matter said.
Enhancing the nation”s oil security
Thailand should develop a strategic petroleum reserve (SPR) to enhance oil security amidst global supply disruptions.
Two contractors in battle for Petronas ultra-deepwater FPSO project
Two contractors are going head-to-head to win a prized contract to supply a leased floating production, storage and offloading (FPSO) vessel for Petronas Carigali’s Kelidang ultra-deepwater giant gas project offshore Brunei Darussalam.
Surge in Petrolimex and PV Oil shares following new draft decree on fuel trading
At the end of March, the Ministry of Industry and Trade unveiled a draft decree on fuel trading and investors were quick to assess that it will be good news for the primary fuel trading companies.
