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oil and gas

A collection of 10 posts

PTT Shifts Gear to the EV Industry in Strategic Move

Recognizing the importance of charging infrastructure, PTT is integrating EV charging stations across its retail fuel station network. The goal is to install 300 EV charging units nationwide by the end of next year.

Short-Lived Insurrection in Russia Has Limited Oil Price Pressure

Typically, such events have immediately resulted in significant upward pressure on oil prices, even when the flow of oil supplies has not been immediately affected.

Propel Global confident of expansion plans on new structure

corporate structure

Propel Global confident of expansion plans on new structure

KUALA LUMPUR, Apr 28, 2022 — Propel Global Bhd is confident that the new corporate structure as well as the cash reserve resulting from a regularisation plan that will see it take over the listing status of Daya Materials Berhad on 28 April 2022 will support expansion plans for both the

There is no way to avoid a global economic slump now

There is no way to avoid a global economic slump now

According to research conducted by analysts at the Federal Reserve Bank of Dallas, there is no way a global economic slump can be avoided if Russian energy exports is barred globally. They say the world economy is likely to enter a recession if that were to happen and Russian energy

The EU moved swiftly to hit Russia with sanctions but now..

The EU moved swiftly to hit Russia with sanctions but now..

There is a clear reason why, despite its dislike for Russia, the European Union is not shutting down Russia’s gas pipeline. The West reacted quickly to punish Russia’s economy following its invasion of Ukraine, giving the appearance that Russia will collapse within days as the sanctions pile up.

Coastline in big oil deal with Federal Republic of Somalia

Coastline in big oil deal with Federal Republic of Somalia

HOUSTON, Feb. 21, 2022 — Coastline Exploration Ltd, the upstream oil and gas company focused on East Africa, announces that it has signed seven Production Sharing Agreements covering offshore, deep-water blocks of the Federal Republic of Somalia. These PSAs enable Coastline to proceed with plans to explore for oil and gas

Global O&G upstream spend to rise 68% this year

Global O&G upstream spend to rise 68% this year

There is an improvement in rid demand in the Southeast Asian region for oil and gas while global upstream spend to rise 68% this year. Westwood Global Energy Group’s Global Offshore Rig Market Report indicated that offshore investment bounced back in 2021 and recovered to pre-pandemic levels, which augurs

electric vehicles

Price of crude oil to surge despite growing EV demand

Forecast show Brent crude prices are to rise to $75 a barrel in the third quarter despite the push for electric vehicles. The hunger for oil and gas is still there, says forecast. Goldman Sachs recently raised its estimates for oil prices based on increasing demand and a slow rebound

challenging times

Petronas to continue reshaping portfolio mix amid challenging times

KUALA LUMPUR, 4 September 2020 – Petronas saw weak demand amid uncertainties faced by the oil and gas industry in general, but says its energy transition plans is on track. “PETRONAS has endured a very challenging first half of the year, and we expect our performance to be affected by the

Petronas leads 5G tech tests for local oil and gas industry

KUALA LUMPUR, Aug 10 (Bernama) — PETRONAS aims to leverage the fifth-generation (5G) technology to elevate the national oil and gas industry through automation and digital transformation. It is now in the midst of running a 5G Testbed Programme, as part of the Malaysian Government’s 5G deployment strategies. The Programme,