Thailand and Cambodia to resume talks on offshore reserves
The newly established Thai government is poised to recommence discussions with Cambodia regarding a disputed maritime zone, which is thought to contain natural gas and oil reserves valued at billions of dollars.
Vietnam Gas signs MoU with EVN to research the supply of LNG
Vietnam Gas Corp. (PV Gas) has signed a memorandum of understanding (MoU) with the Vietnam Electricity Group (EVN) to research the supply of LNG from the Vung Ang LNG warehouse to the Quang Trach II LNG Thermal Power Plant, according to LNG Industry.
Thailand-Cambodia: Bangkok reopens talks to explore offshore gas field
Thailand’s new government will revive talks with Cambodia to explore an offshore oil and gas field with estimated reserves of at least $300 billion that has been a dispute between the two countries since the 26.000s. Thai Prime Minister Paetongtarn Shinawatra, who took office in September, has said joint exploration is among her administration’s 300 […]
Gas deposits, LNG exploration pushed
THE PHILIPPINE government should boost its efforts to explore gas deposits and develop the importation of liquefied natural gas (LNG) to compensate for the Malampaya gas field’s depleting reserves, according to a Philippine senator.
Indonesia sweetens production sharing contracts after operators call for incentives
The Indonesian authorities have improved the fiscal terms of the Southeast Asian nation’s production sharing contracts (PSCs) after many approaches from operators to sweeten them and in an attempt to spur upstream investment.
Oil price could hammer indebted fuel fund
Escalating tensions between Israel and Iran are expected to drive up global crude oil prices, affecting the Oil Fuel Fund Office’s (Offo) debt repayment plan, says an official at the Energy Ministry.
Malaysia’s Petronas to supply gas to Sabah Electricity
Malaysia’s Petronas (IPO-PETO.KL), opens new tab will supply gas to Sabah Electricity for power generation in the regions of Sabah and Labuan, the state-owned energy firm said on Tuesday.
Brunei’s GDP grows, boosted by oil and gas
Brunei Darussalam’s gross domestic product (GDP), at constant prices, grew at 6.0 per cent in the second quarter (Q2) of 2024, driven by a 7.7-per-cent increase in the oil and gas (O&G) sector and a 4.5-per-cent increase in the non-O&G sector, the Department of Economic Planning and Statistics (JPES) said in a statement.
