Petronas awards four new production sharing contracts under Malaysia Bid Round 2024
KUALA LUMPUR (Dec 5): Petroliam Nasional Bhd (Petronas), through Malaysia Petroleum Management (MPM), has announced the awarding of production sharing contracts (PSCs) for three discovered resource opportunities (DRO) clusters and one exploration block offered under the Malaysia Bid Round (MBR) 2024, which was launched earlier this year.
Indonesia’s Energy Ministry Offers 6 Oil and Gas Blocks in Second 2024 Auction
TEMPO.CO, Jakarta – The Indonesian Ministry of Energy and Mineral Resources (ESDM) on Tuesday announced the auction for six oil and gas blocks in the second stage of 2024. This auction presents exploration potential, with estimated reserves reaching up to 48 billion barrels of oil equivalent (BOE).
Meralco keen on switch from coal to gas
MANILA, Philippines — Power distributor Manila Electric Co. (Meralco) is scrapping its plans to build two coal-fired power plants in Luzon, opting instead to convert them into gas-powered generation facilities.
Malaysia’s crude oil, condensate production decline 8.9 pct on year in Q3
KUALA LUMPUR, Dec. 3 (Xinhua) — Malaysia’s crude oil and condensate production totaled 41.8 million barrels in the third quarter of 2024, declining by 8.9 percent compared to the previous year, official data showed Tuesday.
Gasoline pump price hike set Tuesday; rollback for diesel and kerosene
Pump prices of gasoline will be increased for the second straight week starting Tuesday, while those of diesel and kerosene will be rolled back.
Indonesia’s Prabowo Vows to Retire All Coal Plants In 15 Years
(Bloomberg) — Indonesia President Prabowo Subianto said the government plans to retire all the nation’s coal power plants within 15 years to help stem global warming.
Trio unites to develop Thailand’s BioLNG industry
CleanEdge Resources Pte Limited, BBGI Public Company Limited and Keppel Ltd have joined forces to spearhead a BioLNG (liquefied biomethane) project in Thailand, aiming to strengthen Southeast Asia’s renewable energy landscape.
Brunei offers to export 12-18 LNG cargoes annually to Bangladesh under 10-year contract
The Sultanate of Brunei has offered to export 12-18 LNG (liquefied natural gas) cargoes to Bangladesh under a long term contract of 10 years, with an option to extend the deal for five more years.
