Petroleum
Murphy Oil calls it quits in Malaysia
US petroleum and natural gas exploration company Murphy Oil
Corp is exiting Malaysia with a $2.13 billion sale...
Gas sector tops Myanmar’s export earnings with more than $3b
The gas sector has topped Myanmar’s export earnings with $3.2 billion this financial year (March-end), according to the ministry of commerce, Eleven Myanmar reported.
Myanmar’s...
Thailand’s PTTEP buys Hess assets for $1b
Thailand's PTT Exploration and Production Plc's subsidiaries PTTEP Offshore Investment Company Ltd. and PTTEP International Ltd. have signed a share purchase agreement to acquire...
Iran to build six oil refineries in Indonesia
The head of Iran’s Oil, Gas and Petrochemical Products Exporters Union says the country plans to construct six oil refineries in Indonesia, Fars News...
Laos to build national pipeline system
Laos, the only landlocked member of the 10-nation ASEAN bloc, is considering building a national oil pipeline system, according to the country’s Asian Council...
Singapore’s Keppel gets $1.1 billion order
Singapore's Keppel Corp, the world's largest builder of offshore oil rigs, said it has secured a $1.1 billion order to build five jackup rigs...
Stolen Nigerian oil lands in Thailand, Indonesia, Singapore
Significant amounts of crude oil stolen from Nigerian oil pipelines and terminal are reportedly partly sold to Thailand, Indonesia and Singapore in by organised...
Major oil spill in Thailand threatens tourism
Around 50,000 tonnes of crude oil leaking from a burst pipeline close to Thailand's southeastern industrial estate of Map Ta Phut have spilled into...
Thailand’s PTT delays Malaysia investment
Thailand’s largest petrochemical maker, PTT Global Chemical Pcl (PTTGC), said on April 1 it planned to make a decision on a petrochemical investment plan...
Myanmar opens bids for 18 oil blocks
A much-anticipated initiation to bid on oil exploration licenses for 18 of Myanmar’s onshore oil blocks has been released, the country’s Ministry of Energy...
Thailand’s PTT to pump more Africa gas
PTT Exploration and Production Plc, Thailand's main petroleum explorer and the second largest oil and gas producer in Southeast Asia behind Malaysia's Petronas, has...
Chevron expands oil project in Sumatra
Indonesia’s largest producer of crude oil, PT Chevron Pacific Indonesia (CPI), has begun a $500 million expansion project at the Duri field on the...
GCC increases exports to Japan in 2011
Japan’s rising demand for expensive mineral fuels has resulted in a hefty increase in two-way trade with GCC countries, according to latest figures.
Trade between...
Oil prices too high according to Petronas
Though oil prices have been steadily on the rise for some time now, the chairman of Malaysia’s Petronas Corporation says that the prices should...
Petronas announces Johor for new refinery
Petronas, the state-run Malaysian petrochemical company, has announced Johor to be the site of their new $20 billion crude-oil refinery. The new complex will...
Latest
Thailand, Singapore most vulnerable to potential US recession
Southeast Asia could be seriously affected in case the US falls into recession, but some countries would be more badly hit than others, economists...