Monthly Archives: March 2016

Report: O&G firms ditching Singapore for Malaysia

KUALA LUMPUR, March 28 — Oil and gas (O&G) firms in Singapore are shifting base to Malaysia, where overall cheaper costs has become a huge lure in an industry ravaged by falling oil prices. According to the Financial Times, at … Continue reading

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Indonesia rejects Inpex’s mega floating LNG project, wants to stay onshore

Wed Mar 23, 2016 10:26am GMT REUTERS * President says onshore plan to bring more economic benefits * Unclear if Inpex, Shell will be involved in new plan * Onshore facility to be built in eastern province of Maluku (Adds … Continue reading

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Shell lifts petrochemicals production with successful start-up of new Singapore plants

September 16, 2015 By PennEnergy Editorial Staff Source: Shell Shell today announced that it has more than doubled the petrochemical production of high-purity ethylene oxide (HPEO) and ethoxylates at its site on Jurong Island, Singapore. The company has successfully started … Continue reading

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Pertamina starts preparations for Mahakam gas block

Raras Cahyafitri, The Jakarta Post, Jakarta | Business | Wed, February 24 2016, 8:21 AM – State-owned oil and gas firm Pertamina has begun preparations for the operation of the gas-rich Mahakam block, which it will take over late next … Continue reading

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TOTAL TO CUT SPENDING ON INDONESIA’S MAHAKAM BLOCK BY 42% IN 2016

Jakarta (Platts)–24 Dec 2015 207 am EST/707 GMT   France’s Total plans to cut its spending in Indonesia’s giant but aging Mahakam gas block by 42% to $1.1 billion next year from $1.9 billion this year due to lower oil … Continue reading

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Western Australia’s Gorgon liquefied natural gas project begins production

8-March-2016 After construction delays, union woes, and multi-billion-dollar budget blow-outs, the Gorgon liquefied natural gas project is finally up and running off WA’s north-west coast. Chevron Corporation has announced the first shipment is expected to leave next week from Barrow … Continue reading

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Petronas delays PFLNG 2 amid slump

Monday, 29 February 2016 08:13. Written by  Melissa Sustaita  Malaysia’s Petronas is pumping the breaks on its Petronas floating LNG 2 (PFLNG 2) project after the company suffered lower revenue and profit last year due to the low oil price environment. … Continue reading

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