Oil and gas resources

Oil transport

Myanmar to receive revenues from China-Myanmar crude oil pipeline

Myanmar will gain financially from the China-Myanmar crude oil pipeline, which began operations in early April after the two countries signed an agreement for the transport of crude oil, said officials. The crude oil transport agreement was signed on April 10 in Beijing during president U ...

Joint-venture granted licence to trade machine oil

Myanmar Investment Commission has granted a licence to Puma Energy Asia Sun, said U San Myint, deputy director general from the Directorate of Investment and Company Administration. The licence allows the firm to conduct domestic retail and wholesale business for machine oil. PEAS Company started on ...

PTTEP freezes new investment in Indonesia

PTT Exploration and Production, Thailand’s state-owned oil and gas company, said on Tuesday that it will halt all new investments in Indonesia until a dispute with the government there over an oil spill in 2009 is settled. “As of today, PTTEP made the decision to suspend ...

VN OilGas top list of 500 leading firms

Vietnam Oil and Gas Group topped the list of 500 leading companies announced at a ceremony in Hà Nội on January 19. It was followed by Samsung Electronics Vietnam Co Ltd, Viettel Group, Electricity of Việt Nam, and the Vietnam National Petroleum Group. The annual event, ...

VN to increase liquid gas imports by 2025

Sharply decreasing Liquid Natural Gas (LNG) output and increasing prices of new gas resources are forcing Việt Nam to look to increase LNG imports. The country is expected to import five million tonnes of LNG by 2025. The figure is expected to increase to 11 ...

Vietsovpetro to exceed annual gas target

Russia and Viet Nam’s oil and gas exploration joint venture, Vietsovpetro, will ship ashore around 1.6 billion cu.m of gas this year, 27 per cent more than its annual target. Of this, 654 million cu.m of gas will come from Lot 09-1, in the northwest ...

Iran pitches huge gas reserves for Asia markets

Iran is pitching its massive gas sector for trade with Asia where it sees a better market for exports than Europe. “Gas prices are more attractive in East Asia than in Europe,” Deputy Petroleum Minister for trade and international affairs Amir-Hossein Zamaninia has said. In August, Japan ...

Rough seas impede oil spill cleanup

Thailand’s Marine Department on 27 February said it had not been able to clean up the oil spill from the capsized cruise liner Ocean Dream off Koh Nok in Chon Buri’s Si Racha district due to high winds and waves impeding their operations. In a press statement, the department ...

Rayong fishermen mark two years since oil spill

Small fishermen in Rayong have called on Thailand’s biggest petrochemical company to do more to rehabilitate oil-spill impacted sites along the province’s coastline, saying they still are living with the after effects of a spill two years ago. Keep reading ...

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