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.
Sinopec, PetroChina lead the way in investment surge in Indonesia’s oil and gas sector
Chinese companies have been increasingly investing in oil and gas through working visits to Indonesia by a number of Chinese companies since last May.
Malaysia to reduce fuel subsidies as inflation weakens
Malaysia is phasing out gas and diesel subsidies as inflation eases, working to reduce expenditures that ballooned during the coronavirus pandemic and rebuild government finances.
Indonesia aims to produce 100,000 oil barrels a day by 2028
Indonesia is trying to increase its oil production that has been dropping since 2020, reversing the declining production trend by exploiting old oil fields and try to find new oil fields, with an aim of producing 100,000 barrels a day by 2028.
