Petronas and PTTEP subsidiaries have received approvals from the governments of Malaysia and Thailand for a new 35-year production sharing contract covering Block A-18-01 in the Malaysia-Thailand Joint Development Area (MTJDA).PC JDA Limited, a wholly owned subsidiary of Petronas, and PTTEP JDX Thailand and PTTEP JDX Thailand (JDA) also signed a Gas Sales Agreement with Petronas and PTT Public Company Limited for continued natural gas supply from the block to Malaysia and Thailand…
Santos has agreed key commercial terms for a 10-year LNG supply deal with POSCO Steel and separately signed a non-binding agreement to buy about 1 million tonnes per annum of LNG from Canada's proposed Ksi Lisims project for up to 20 years.Under the proposed POSCO agreement…
XRG, ADNOC and SEFE have signed a memorandum of understanding to explore wider cooperation across the natural gas and LNG value chain, including supply, infrastructure and shipping opportunities aimed at Germany and the wider European market…
Saudi Arabia has shut down its East-West pipeline, after the vital oil conduit came under aerial attack in the widening Middle East war, threatening to send energy prices even higher.The world’s largest crude oil exporter said it temporarily…
Asia's crude oil industry has a good idea of how to end the current crisis created by the Iran conflict. But they also know their wish is unlikely to be granted and they are hunkering down for an extended disruption to supplies from the Middle East…
Oil prices hit multi-week highs on Tuesday after Iran-backed Houthis attacked Saudi energy facilities and Tehran threatened the United States with 'economic warfare'.Brent crude futures LCOc1 were up $2.00, or 2.06%, at $99.00 a barrel by 0800 GMT…
Thailand’s state-backed energy firm PTT Exploration and Production (PTTEP) subsidiaries and Petronas Carigali's PC JDA have signed a 35-year production sharing contract for Block A-18-01 in the Malaysia-Thailand Joint Development Area, allowing the partners to continue petroleum exploration…
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