News
March 14, 2023
The Princess Empress tanker, which was carrying 800,000 liters of industrial fuel when it sank off Mindoro province, didn’t have the permit to sail, the nation’s maritime authority said at a Senate hearing Tuesday.
News
March 10, 2023
Utility CLP Holdings Ltd. purchased an LNG cargo for May delivery to its new import terminal, according to traders with knowledge of the matter. The tender closed on Wednesday, and the shipment was bought at a link to North Asia’s LNG spot benchmark.
News
March 07, 2023
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News
March 06, 2023
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News
March 03, 2023
According to the Environmental Ministry, the tanker may still contain a large amount of oil. Recovering the vessel will “help us a lot in containing the spill,” said the Ministry’s undersecretary, Carlos Primo David.
News
March 01, 2023
CNOOC Limited has discovered an oilfield in the Bohai Sea that contains one hundred million tons of reserves.
News
February 28, 2023
As part of the sales process, OMV will invite potentially interested parties to submit expressions of interest and binding offers. The sales process is expected to take place over the next few months.
News
February 23, 2023
According to Datuk Tengku Taufik, Sabah's Chief Minister, the partnership with SMJSB underscores PETRONAS' efforts to build a more inclusive environment for the oil and gas industry in Sabah, both offshore and onshore.
News
February 20, 2023
Firms based in China account for roughly 15% of all contracts that’ll begin delivering LNG supply through 2027, according to an analysis of BloombergNEF data. That trend is set to increase as the companies seek to lock in more long-term agreements.
News
February 15, 2023
The 10 exploration blocks on offer are within the producing Malay, Sabah and Sarawak basins as well as the newly opened Penyu basin. These blocks cover various geological play settings with sizeable prospects to be explored.
News
February 06, 2023
While there’s a lot of potential for oil demand this year, the “beast” of Covid-19 means there’s also the risk of volatility, Al-Ghais cautioned. Ministers from the OPEC+ coalition are just “a phone call away to step in when necessary,” he added.
News
January 27, 2023
The deals state that both companies will define the maturation of technical scopes for the CCS value chain. They will jointly evaluate previously identified fields for CO2 storage utilization while developing a commercial framework.
News
January 27, 2023
The proposed $67-million receiving terminal and regasification facility has an annual capacity of 200,000 to 400,000 tons of LNG imports that can fuel small independent power producers, manufacturing companies and transport fleets.
News
January 26, 2023
The new Zawtika Development Project, located in the Gulf of Moattama in Myanmar, has entered its fourth phase of construction prior to final commissioning in 2025.
News
January 18, 2023
The Meranti Cluster, located offshore Peninsular Malaysia, was awarded to Ping Petroleum, which is in partnership with Duta Marine Sdn Bhd. All three PSCs were awarded under the Small Field Asset terms introduced in 2020.
News
January 06, 2023
Xinjiang Central Asia Petroleum and Gas Co. will invest as much as $150 million in the first year and $540 million over the subsequent three years to explore five oil and gas blocks. The militant group will earn 15% royalty fees from the 25-year contract.
News
January 05, 2023
The presidents of China and the Philippines agreed to resume talks on oil and gas exploration in the South China Sea. They will also discuss maritime differences amicably after meeting in Beijing on Jan 4., a move that potentially paves the way for easing recent tensions.
News
December 30, 2022
A major breakthrough of Sinopec's "Project Deep Earth," the Yuanshen-1 well has reached the deepest oil and gas formation in burial depth in the Sichuan Basin and further shows the great potential of deep ancient carbonate rocks in the region.
News
December 26, 2022
107 development wells are planned to be commissioned, including 67 production wells, 36 water injection wells and four water source wells. The project is expected to achieve its peak production of approximately 36,100 bopd in 2024.
News
December 22, 2022
The outage comes just after Prelude resumed loading this week following roughly two months of maintenance. This is another setback for the world’s biggest floating LNG plant, which has struggled with ongoing technical issues since it started in 2019.
News
December 21, 2022
The two companies signed a letter of agreement to extend the Block PM 307 Production Sharing Contract covering the Bertam Field, offshore Peninsular Malaysia from Aug. 15, 2025, to Aug. 14, 2035.
