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Petronas Gas Bhd saw its net profit increase 4.7% to RM486.7 million for the fourth quarter ended December 31, 2017 compared with RM465.06 million in the same quarter a year ago, thanks to new contribution from its liquefied natural gas (LNG) regasification…
PTT, the national oil and gas conglomerate, plans to double profit margin from fuel retailing business to 30% of total sales by 2022, says Auttapol Rerkpiboon, chief of operations for downstream petroleum business. To achieve the goal, the company has set…
State-owned oil and gas company PT Pertamina is seeking to acquire more oil and gas blocks in the country and abroad to meet its production target set by the government. “Operations abroad are expected to contribute 33 percent to the companys target of…
Road users can expect to pay up to 500 riel ($0.12) more per liter of fuel due to the increase in global crude oil prices after the government last March pegged local prices to that of the international market, a Commerce Ministry official said yesterday.…
The non-ceasing political disturbance and reigning uncertainty is dominating every aspect of life in Thailand since the King Bhumibol Adulyadej’s death on October 13. The Crown Prince Maha Vajiralongkorn is supposed to appear for an audition as a heir to the…
Though Indonesia has one of the world’s fastest-growing economies, its electrical grid is faltering, with blackouts common and many factories and homes relying on expensive diesel-powered generators as backup. In 2011, Indonesian coal mining magnate Samin Tan…
The Energy and Mineral Resources Ministry has stated that the proposal of the Indonesian Petroleum Association (IPA) to import gas will not help the governments effort to curb gas prices applicable to the industry. The proposal is one of the many options to…
Indonesias state-owned energy company, PT Pertamina, has hailed a senior minister for proposing to invite Japan to participate in the East Natuna Block gas project in the province of Riau Islands. Pertamina, ExxonMobil and PTT Thailand have formed a…
More industries will enjoy lower gas prices by the beginning of next year as the government rushes to find a solution to cost issues. President Joko “Jokowi” Widodo has demanded that his Cabinet take concrete steps by the end of November to enable gas prices…
Indonesia’s state-owned Pertamina will sign a memorandum of understanding with the National Iranian Oil Co. next month to develop oil and gas blocks in Iran. Under the initial agreement, Pertamina will be allowed access to data on four Iranian oil blocks, a…
State-owned oil and gas company Pertamina has lowered the prices of Pertamax gasoline by Rp200-Rp300 per liter effective as of 00:00 on Sunday, 2016. Corporate Communication Vice President of Pertamina Wianda Pusponegoro said in written statement here on…
The government hopes to built gas pipe networks for 5 million household consumers in the next 10 years at a cost of Rp70 trillion. Utilization of gas as household fuel is more efficient, said Energy and Mineral Resources Minister Sudirman Said, when…
South Korea will cut retail natural gas prices for households and industry by an average of 5.6% from May 1 to reflect reduced LNG import costs, the Ministry of Trade, Industry and Energy said Thursday. It marks the third cut this year after rates fell 9% in…
Pertamina will soon launch a new oil fuel product Turbo with Research Octane Number (RON) 98 to expand the market of its non subsidized oil fuels. General Manager of Pertaminas southern Sumatra Regional Marketing Operation Herman M. Zaini said the production…
State-run Indian Oil Corp (IOC) has bid for rights to import, store and distribute petroleum products in Myanmar. “We have put in a bid to enter fuel marketing and retail business in Myanmar,” a senior company official said. Myanma Petroleum Products…
