Tag Archives: oil and gas

Monday, 20 March 2017 SINGAPORE: Oil prices fell on Monday as rising U.S. drilling activity and steady supplies from OPEC countries despite touted production cuts pressured already-bloated markets. Prices for front-month Brent crude futures, the international benchmark for oil, were 20 cents below their last settlement at 0025 GMT (8:25 …

Tuesday, 10 January 2017 PETALING JAYA: Oil and gas services firm SapuraKencana Petroleum Bhd (SapKen) has been awarded contracts with a combined value of about RM1.34bil (US$300mil). In a filing with the stock exchange, the company said it received four contracts under the engineering and construction segment and a contract …

Friday, 23 December 2016 SINGAPORE: Oil prices slipped on Friday in thin Asian trade ahead of the Christmas and New Year holidays, wiping out some of the gains in the previous session as traders took profits. A strong dollar also weighed on sentiment. U.S. West Texas Intermediate crude fell 31 …

Friday, 23 December 2016 KUALA LUMPUR: Permodalan Nasional Bhd (PNB), which holds a 58.19% stake in UMW Holdings Bhd, is willing to support the company’s plans to consolidate its oil and gas (O&G) unit with other players within the industry if the need arises. PNB group chief executive officer Datuk …

Saturday, 3 September 2016   State-owned oil and gas company Pertamina has amended a crude-processing deal with Royal Dutch Shell in order to accommodate Indonesia’s rising use of non-subsidized fuel. In June, Pertamina appointed Shell to process 1 million barrels of crude oil every month that it purchased from Iraq. …

Monday, 31 July 2017 SINGAPORE: Oil prices rose to their highest levels since May early on Monday as a dip in U.S. output tightened the market and the threat of sanctions against Venezuela kept traders on edge. Brent crude futures, the international benchmark for oil prices, were trading up 18 …

Thursday, 27 July 2017 MANILA: China is open to exploring jointly with the Philippines for oil and gas in the disputed waters of the South China Sea, even as it urges South-east Asian nations to “say no” to “non-regional forces” seeking to “stir up trouble” in the region. “In waters …

Thursday, 20 July 2017 NEW YORK: Oil prices jumped almost 2% to a 6-week high on Wednesday after a U.S. report showed a bigger weekly draw than forecast in crude and gasoline stocks along with a surprise drop in distillate inventories. The Energy Information Administration (EIA) said U.S. crude stocks …

Wednesday, 19 July 2017 NEW YORK: Oil prices rose slightly on Tuesday as Saudi exports fell and solid demand soaked up some of what is seen as an oversupplied market, but Ecuador’s decision to opt out of an OPEC-led supply reduction pact complicated the outlook.  Benchmark Brent crude settled up …

Friday, 14 July 2017 NEW YORK: Oil prices rose 1.3% on Thursday after much stronger demand in China overshadowed a downbeat report by the International Energy Agency (IEA) that showed higher production by key OPEC exporters. Brent crude settled up 68 cents or 1.42% at $48.42 a barrel. U.S. light …