Petroleum industry
State-run electricity company PT PLN, led by President Director Eddie Widiono, is actively seeking a lower price for natural gas to reduce its electricity tariffs. As part of its strategy to achieve this goal, the company plans to increase its use of gas, coal, hydro, and geothermal energy in its
Petroleum industry
The Philippine Biodiesel Association (TPBA) has issued a position paper to Senator Miriam Santiago, chairman of the Senate committee on Energy, urging the immediate passage of the biofuels bill (Senate Bill 2159) sponsored by Senator Ralph Recto. The bill aims to mandate a one per cent coco-biodiesel blend in diesel
Petroleum industry
China's largest sino-foreign capital investment project, a petrochemical complex off the South China Sea, has completed construction and is set to start production soon. The joint venture between China National Offshore Oil Corporation (CNOOC), Royal Dutch Shell, and the Guangdong provincial government has a total investment of US$
Petroleum industry
GE Power and Sinopec International Business Co., Ltd. have signed a royalty trade agreement for the gasification technology to be used at Sinopec Qilu Branch's chemical fertilizer plant. The partnership includes a technology royalty, design package, and technological services. Ninety percent of the gasification equipment will be made
Petroleum industry
Mumbai, India is witnessing a significant step forward in the exploration of natural gas resources as Gail India Ltd, a state-owned oil and gas company, has initiated drilling activity in a highly prospective block in the offshore Bay of Bengal in partnership with Russian gas giant Gazprom. The drilling rig,
Petroleum industry
Indonesia's Minister of State-Owned Enterprises, Sugiharto, has expressed concerns about the country's natural gas supply policy, which favors the production of liquefied petroleum gas (LPG) over fertilizers. This policy has led to an inadequate supply of gas to fertilizer plants, causing them to operate below their
Petroleum industry
Reliance Industries, a leading Indian conglomerate, has awarded a significant contract to Linde AG, a German-based industrial gases company, for the supply of hydrogen units to its Jamnagar refinery in western India. The contract, worth approximately $174.2 million, is part of Reliance's efforts to increase its hydrogen
Petroleum industry
The Downstream Oil and Gas Regulatory Body (BPH Migas) has received offerings from five national companies for the construction of two gas pipeline projects, one between Cirebon and Semarang and the other between Semarang and Gresik. The projects are worth trillions of rupiah and aim to supply 700 million cubic
Petroleum industry
China Oilfield Services Limited (COSL), a subsidiary of China National Offshore Oil Corporation (CNOOC), has secured two significant drilling contracts in Myanmar and Australia. The contracts were awarded to COSL after a bidding process, and the company's semi-submersibles NH II and NH VI will be deployed to provide
Petroleum industry
The Indonesian government has extended the authority of state-owned oil and gas company PT Pertamina to carry out its Public Service Obligation (PSO) on domestic fuel oil distribution until December 31. This extension was stipulated in Ministerial Decree no. 2043/2005 as a follow-up to Presidential Decree no. 71/2005
Petroleum industry
Pertamina, Indonesia's state-owned oil and gas company, will reduce the fuel oil price for industry in December due to a drop in the world oil price. The reduction will affect various types of fuel oils, including Pertamax, Pertamax Plus, and Pertamina Dex. According to Achmad Faisal, the head
Petroleum industry
In a significant milestone, Qatar Petroleum and ExxonMobil Ras Laffan (III) Limited announced the launch of Ras Laffan Liquefied Natural Gas Company Limited (RL3) in Doha, Qatar. This joint venture is a major expansion of the existing LNG production facilities operated by RasGas Company Limited, a partnership between Qatar Petroleum
